「2020CFA必备下载」2019CFA level I、 II 、III考纲pdf下载
2019-07-10
摘要「2020CFA必备下载」2019CFA level I、 II 、III考纲pdf下载；下面是2019年、2018年CFA考纲、考纲对比内容，对于2020年CFA复习备考很有帮助，希望大家一次通过CFA考试。目前2020年CFA考纲未公布，
目前2020年CFA考纲未公布，一般在2019年8月左右公布2020年6月CFA一二三级考纲，每年考纲变动20%左右，2019年考纲对于2020年备考仍有很好的指导意义，下面整理近两年考纲内容，帮助大家更好的准备复习。
2019 CFA level I、 II 、III考纲变动分析PDF（2020CFA必备）【免费下载】 （每年CFA考试大纲变化幅度大概10%-20%左右，同时每年CFA考纲变化部分是CFA考试重点，2019年考试考纲变化较大，一二三级考试科目都有变化。
2019 CFA level I、 II 、III考纲变动分析PDF（2020CFA必备）【免费下载】 （每年CFA考试大纲变化幅度大概10%-20%左右，同时每年CFA考纲变化部分是CFA考试重点，2019年考试考纲变化较大，一二三级考试科目都有变化。
下面是2019年、2018年CFA考纲、考纲对比内容，对于2020年CFA复习备考很有帮助，希望大家一次通过CFA考试。
关于CFA考纲资料包含：
2019年CFA考试大纲分析一级(18 Vs. 19)【hot】
2019年CFA考试大纲分析二级【hot】
2019年CFA考试大纲分析三级【hot】
2018 CFA level I、 II 、III考纲变动分析PDF【免费下载】，包含17年vs18年CFA考纲对比内容。
由于分享网盘多次被举报，还是放上当初下载的论坛资料链接：
2019年CFA课程更新增加了10篇阅读材料，并修订了已有的18篇材料。主要新增内容包括：
1. 针对CFA一级和二级考试新增金融科技内容，涵盖投资管理领域的技术详情与应用、机器学习、以及金融科技工作背景下的道德问题
2. 针对CFA三级考试，增加证券投资组合管理部分关于被动和主动投资的最新案例
3.针对CFA三级考试，新增资产管理职业操守部分，详细阐述投资管理从业人员的行为准则以及CFA Institute作为专业机构的行为准则
4. 与新增内容配套的20个实操案例
看看CFA一级考纲
总体来说，考纲变化挺明显的，主要是从权重来看，好几个科目都有变化。除了Ethics和Economics外，所有科目的权重都有变化。
比较明显考纲变化是：
Portfolio Management多了一个Reading（Fintech）
Financial Reporting and Analysis少了一个Reading
FSA的权重直接少了5%（改为15%）。对于财务不好的小伙伴是利好？
Alternatives上升到6%，感觉不要随便战略性放弃？
2019年CFA一级考纲变化总体解读
1,增加了 FINTECH,这也印证了前段时间的种种传闻，在第13章组合管理里，单独增加了一个
READING 43. FINTECH IN INVESTMENT MANAGEMENT
2,删除了原 READING22.FINANCIAL REPORTING MECHANICS全部内容
看看CFA二级考纲
二级的变化也十分明显。但主要也是体现在权重上。FSA和Equtiy不再是两座大山（原来为15%-25%），与它平行权重的科目为Ethics、Fixed Income、Portfolio Management，这代表这5科考核会变为起码2个Cases，上限3个cases，大家请不要再随便战略性放弃组合小伙伴了。
2019年CFA二级考纲变化总体解读
根据CFA协会最新公布的2019年CFA二级考纲,考纲发生变化的科目
为4门,分别为道德、数量、财务报表分析与固定收益。其中
道德,删除3个 READING ,新增2个考点。
删除2018
READING3 CFA Institute Research Objectivity Standards；
READING4 The Glenarm Company,
READING5 PrestonPartners；
READING6 Super Selection.
新增2019 READING 3 Application of theCode and Standards,共2个考点
考点a: evaluate policies and practices for a firm and anindividual in relation to the CFA Institute Code of Ethics and Standards of ProfessionalConduct;
考点b: explain the appropriate action to take in responseto conduct that violates the CFA Institute Code of Ethics and Standards ofProfessional Conduct.
数量,新增7个考点
新增2019 READING 6 Fintech inInvestment Management;
2019 READING 8 Multiple Regression and MachineLearning, 新增3个考点。
考点p:distinguish between supervisedand unsupervised machine learning;
考点p:describe machine learning algorithms used inprediction.
classification, clustering, and dimension reduction;
考点r:describe the steps in modeltraining;
财务报表分析
新增2019 READING 17 Analysis ofFinancial Institutions,共6个考点
考点a:describe how financialinstitutions differ from other
compani;
考点b:describe key aspects offinancial regulations of financial
Institutions;
考点c:explain the CAMELS (capitaladequacy asset quality management, earnings, liquidity andsensitivity)approach to analyzing a bank, including key ratios and itslimitations;
考点d:describe other factors toconsider in analyzing a bank;
考点e:analyze a bank based onfinancial statements and other actors;
考点f:describe key ratios and otherfactors to consider in analyzing an insurance company.
固定收益, Credit Analysis Models部分考点发生了合井与改写
2019考点
考点a:explain expected exposure theloss given default, the probability of default and the credit valuationadjustment;
考点b:explain credit scores andcredit ratings;
考点c:calculate the expected retum ona bond given transition in its credit rating
考点d:explain structural andreduced-form models of corporate credit risk, including assumptions, strengths, andweaknesses;
考点e:calculate the value of a bondand its credit spread, given assumptions about the credit risk parameters;
考点f:interpret changes in a creditspread;
考点g:explain the determinants of theterm structure of credit spreads and interpret a term structure of creditspreads;
考点h:compare the credit analysisrequired for securitized debt to the credit analysis of corporate debt.
2018考点
考点a:explain probability of default,loss given default, expected loss, and present value of the expected loss anddescribe the relative importance of each across the creditspectrum;
考点b:explain credit scoring and creditratings;
考点c:explain strengths and weaknesses of creditratings;
考点d:explain structural models ofcorporate credit risk,including why equity can be viewed as a call option on thecompany‘s assets;
考点e:explain reduced form models ofcorporate credit risk,including why debt can be valued as the sum ofexpected discounted cash flows after adjusting for risk;
考点f:explain assumptions, strengths,and weaknesses of both structural and reduced form models of corporatecredit risk;
考点g:explain the determinants of theterm structure of credit spreads;
考点h:calculate and interpret thepresent value of the expected loss on a bond over a given time horizon;
考点i:compare the credit analysis required forasset-backed securities to analysis of corporate debt.
看看CFA三级考纲
三级的Portfolio Management的总权重直线下降（以往是45%-55%）：
最新是（35%-40%）
主要包括：
Behavioral Finance
Private Wealth Management（艺名：个人IPS）
Portfolio Management for Institutional Investors（艺名：机构IPS）
Asset Allocation
Risk Management
Trading
Performance Evaluation
Trading这个科目原来是Trading、Monitoring and Rebalancing（Execution），现在Monitoring and Rebalancing小伙伴被赶走了。
2019年CFA三级考纲变化总体解读
根据CFA协会最新公布的2019年CFA三级考纲,考纲发生变化的科目
为4门,分别为职业伦理、资产配置、固定收益、权益与交易、监控、调整。其中权益部分几乎全部改写！
职业伦理Code of Ethics and Standards of Professional Conduct
READING1
考点b:explain the ethical responsibilities required by the Code of Ethics and the Standards of Professional Conduct, including the sub-sections of each standard.
修改为
考点b:explain the ethical responsibilities required by the Code and Standards, including the sub- sections of each standard.
READING 2
考点b:recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
修改为
考点b:recommend practices and procedures designed to prevent violations of the Code and Standards.
READING 3
考点a:evaluate professional conduct and formulate an appropriate response to actions that violate the Code of Ethics and Standards of Professional Conduct;
修改为
考点a:evaluate professional conduct and formulate an appropriate response to actions that violate the CFA Institute Code of Ethics and Standards of Professional Conduct;
考点b:formulate appropriate policy and procedural changes needed to assure compliance with the Code of Ethics and Standards of Professional Conduct.
修改为
考点b:formulate appropriate policy and procedural changes needed to assure compliance with the Code and Standards.
新增:Study Session 3:The Asset Management Industry and Professionalis
资产配置删除原Reading 20
固定收益变化在原READING24 CREDIT STRATEGIES修改为READING25
FIXED- INCOME ACTIVE MANAGEMENT: CREDIT STRATEGIES
权益变动很大，删除了原READING25 EQUITY PORTFOLIO MANAGEMENT全部考点
新增了
READING26. INTRODUCTION TO EQUITY PORTFOLIO MANAGEMENT
READING27.PASSIVE EQUITY INVESTING
READING28.ACTIVE EQUITY INVESTING: STRATEGIES
READING29.ACTIVE EQUITY INVESTING: PORTFOLIO CONSTRUCTION
具体每个READING 下的考点请看考纲！
交易、监控、调整
删除了原READING32.MONITORING AND REBALANCING
考生平均通过约1,000小时的学习掌握近9,000页的课程内容。课程的深度和广度为先进的投资分析和实用的投资组合管理技能奠定了坚实的基础，为投资专业人士提供了职业发展优势。考生必须通过全部三个级别的CFA考试、具备至少四年的投资行业工作经验、签署并承诺遵守CFA Institute道德操守和专业行为准则，才能成为CFA持证人。只有不到20%的考生能够最终成为CFA持证人，CFA资格认证也成了他们优秀的专业能力和职业决心的有力证明。
中国CFA考试网（www.cfa.cn）综合整理，来源：中国CFA考试网，原创文章，经授权转载，若需引用或转载,请注明出处 ，仅供参考、交流之目的。
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