Cfa Study Guide - 15531 Words

STUDY SESSION 1 ETHICAL AND PROFESSIONAL STANDARDS T he readings in this study session present a framework for ethical conduct in the investment profession by focusing on the CFA Institute Code of Ethics and Standards of Professional Conduct as well as the Global Investment Performance Standards (GIPS ®). The principles and guidance presented in the CFA Institute Standards of Practice Handbook (SOPH) form the basis for the CFA Institute self-regulatory program to maintain the highest professional standards among investment practitioners. â€Å"Guidance† in the SOPH addresses the practical application of the Code and Standards. The guidance reviews the purpose and scope of each standard, presents recommended procedures for compliance,†¦show more content†¦The time value of money concept is one of the main principles of financial valuation. The calculations based on this principle (e.g., present value, future value, and internal rate of return) are the basic tools used to support corporate finance decisions and estimate the fair value of fixed income, equity, or any other type of security or investment. Similarly, the basic concepts of statistics and probability theory constitute the essential tools used in describing the main statistical properties of a population and u nderstanding and applying various probability concepts in practice. READING ASSIGNMENTS Reading 5 The Time Value of Money Quantitative Methods for Investment Analysis, Second Edition, by Richard A. DeFusco, CFA, Dennis W. McLeavey, CFA, Jerald E. Pinto, CFA, and David E. Runkle, CFA Discounted Cash Flow Applications Quantitative Methods for Investment Analysis, Second Edition, by Richard A. DeFusco, CFA, Dennis W. McLeavey, CFA, Jerald E. Pinto, CFA, and David E. Runkle, CFA Statistical Concepts and Market Returns Quantitative Methods for Investment Analysis, Second Edition, by Richard A. DeFusco, CFA, Dennis W. McLeavey, CFA, Jerald E. Pinto, CFA, and David E. Runkle, CFA Probability Concepts Quantitative Methods for Investment Analysis, Second Edition, by Richard A. DeFusco, CFA, Dennis W. McLeavey, CFA, Jerald E. Pinto, CFA, and David E. Runkle, CFA Reading 6 Reading 7 Reading 8 www.cfainstitute.org/toolkit—Your online preparationShow MoreRelatedThe Code Of Ethics And Its Ethical Standards Essay1311 Words   |  6 Pagescountry to country. As a CFA member, you are obligated to adhere to the code and its ethical standards. High ethical standards are imperative in preserving the public’s faith in economic markets and in the investments profession as a whole. CFA Institute members must follow the Code and Standards. If members do not abide by the code, sanctions may be imposed. Sanctions consist of cancelation of membership to the CFA institute, withdrawal of suitable candidacy in the CFA program, and lastly prohibitionRead MoreThe Rate Of Childhood Obesity1575 Words   |  7 Pagesdifficult to make head way or even initiate a program. Thus in this paper, the author will summarize findings on a qualitative research conducted on the perception of children about their body image; the understanding of parents in their role as guides to their child’s nutrition and physical activity; the role of the school personnel, and finally the school nurses perception of self-efficacy, perceived benefit and perceived barrier in addressing childhood obesity at the school setting. â€Æ' The obesityRead MorePrinciples Of Finance 350 : Investment Principles1473 Words   |  6 Pagesstrategies that Hewlett Foundation may use to reduce market volatility in cases where there are low profits (Fabozzi et al., 430). Additionally, return overlay programs often work handy with absolute return portfolio. They are usually based after a careful study on the historical performance and risk exposure of the foundation. Equitization return program ensures that a company’s managed accounts are in the market for the profit making purpose. This is done by ensuring all the available cash are invested inRead MoreEvaluating and Criticizing the Positive and Negative Affect Schedule (PANAS)1079 Words   |  5 Pagesstatistical backing of their claims to the instruments themselves and not their purported notion of independence. Moreover, using Confirmatory Factorial Analysis (CFA), it was reported that, in both scales, there were only two items that were, as Watson et al (1988) claimed, statistically independent (r =-.10)(Mackinnon et al., 1999). CFA is a statistical technique that â€Å"is useful when researchers have clear (or competing) hypotheses about a scale—in this case—the links b etween specific items andRead MoreIndian And Indigenous Knowledge As Well As Giving An Insight1557 Words   |  7 Pagesenvironment. Although the knowledge of indigenous people has not influenced the knowledge used in Australian society to a great extent, it has been of beneficial use in the prevention and management of fire for the Victorian Country Fire Authority (CFA) and other fire services. Over recent years, a number of fire authority services have begun working in collaboration with indigenous communities all around Australia, in order to gain a greater knowledge and understanding of how to better manage andRead MoreOrganizational Culture And Ethical Values1604 Words   |  7 Pagesin an organization since they determine how individuals relate with one another within an organization. Ethical values are the ones which guide individuals in upholding good morals within an organization. The purpose of this study is to understand what an organizational culture is as well as the ethical values required in an organization. In addition, this study aims at showing how ethical values can be used in an organization in fostering good relationships within and outside an organization. TheRead MoreAnalysis1340 Words   |  6 Pagesassociated with a statistical decision of it being wrong. To quantify the amount of chance due to sampling error, basic probability concepts are indispensable via modeling sampled populations and testing of research hypotheses. Probability is the guide for a good life and successful business. The concept of probability occupies an important place in the decision-making process. Few decision making situations is perfect information - all the needed facts - available. Most decisions are made in theRead MoreCareer Advancement Within The Investment Management Industry2132 Words   |  9 Pagesinfluential form relating investment management comes from degrees and certifications. One of the most prestigious and respected investment designation s is the Chartered Financial Analyst (CFA) certification. â€Å"The designation is globally accredited in the financial industry for its intense focus on investment knowledge The CFA charter is known as the â€Å"gold standard† of all financial analyst designations† (cfainstitute.org, 2015). The program covers concepts and skills you use at all stages of a Wealth ManagementRead MoreSupply, Demand, and Government in the Markets803 Words   |  4 Pages Colander, D. C. (2008). Macroeconomics(7th ed.). New York: McGraw-Hill/Irwin. Cram, P. (2014). Price ceiling. The Smartacus Corporation. www.college-cram.com/study/economics/government-intervention/price-ceiling/ (2014). Microeconomics- Effect of taxes on supply and demand. Investopedia. www.investopidia.com/exam-guide/cfa-level-1/microeconomics/tax-effects.aspRead MoreOptimum Capital Structure Of Costco Sale1668 Words   |  7 Pagesshareholders or borrowing money from financial institution in form of equity. It has been a serious process for many organizations to raise capital which automatically has business and financial risks involved. However, two known authors in this field of study believe that companies with low business risk obtains factors of production at a lower cost which may also pave to the ability of the firm to operate more efficiently (Amit Wernerfet, 1990). Therefore, many stockholders faced a high of uncertainty;