Examinsight for Cfa 2006 Level I Certification: The Candidates Guide to Chartered Financial Analyst Learning Outcome Statements

746 Pages·2006·7.98 MB·English

by  Jane Vessey

Table of Contents Link
ExamInsight
For CFA 2006 Level I Certification:
The Candidate’s Guide to
Chartered Financial Analyst
Learning Outcome Statements
www.financialexams.com

Practice exam provided by The Center For Financial Certification, Inc. Friendswood, Texas
Authors
Jane Vessey, CFA
M. Afdal Pamilih, CFA
David Stewart
Published by
TotalRecall Publications, Inc.
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Friendswood, TX 77546
281-992-3131
TotalRecall Publications, Inc.
This Book Sponsored by The Center For Financial Certification, Inc.
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This book is dedicated to our fantastic children Adam and Julia who we love very much.
Jane Vessey & M. Afdal Pamilih

This Study Guide is dedicated to the widow(er)s and orphans of the “Silent Spring”. Those who
have sacrificed loved ones to the obscurity of quiet study and endured weekend sacrifice above
and beyond the call of continuing education. On the alter of a profession’s highest accreditation
these unsung heroes have sacrificed time with their spouse, shopping with Mom, and pitch and
catch with Dad. These patient supporters have endured tense attitudes, unfinished chores, extra
duties, and received the respect and appreciation of all who have studied throughout the “Silent
Spring”.
In particular, never ending thanks to:
Carol Lee, Mary Elizabeth, Sophia Victoria, David Todd II
David Stewart
ExamInsight®
For
The Candidate’s Guide to (CFA®)
Chartered Financial Analyst 2006 Level I
Learning Outcome Statements
www.financialexams.com
BY
Authors
Jane Vessey, CFA
M. Afdal Pamilih, CFA
Contributing Author
David Stewart
Jane Vessey
Jane Vessey manages a training company in the United Kingdom specializing in financial
analysis and investment. She is a visiting lecturer at Cass Business School teaching classes in
asset management and valuation. She also teaches a CFA® revision course at ISMA (the business
school at Reading University) and is an associate at a leading London financial training company
where she teaches courses covering investment management and related topics. She has
developed online training programs for students taking the CFA examinations and teaches CFA
courses for UKSIP (the UK Society of Investment Professionals).
Jane graduated in Mathematics from Oxford University, United Kingdom, and is a CFA charter
holder. She has some eighteen years experience working in the investment industry, starting out
as an equity analyst before becoming an investment manager. She was based in London and
Tokyo and took responsibility for managing equity portfolios invested in the Japanese and other
Asian markets. In 1990, Jane moved to Indonesia and established and ran an investment
management operation on behalf of Mees Pierson. She took responsibility for all areas of the
business, including investment, operations, marketing and administration. While in Asia, Jane
was involved in providing training to capital market participants and state officials and teaching
in courses provided by local universities.
M. Afdal Pamilih
Afdal has 18 years' experience working in the finance industry. He started his career with J.P.
Morgan, and then with County NatWest Government Securities, in New York specializing in the
development of quantitative products for foreign exchange and fixed income markets. After
returning to Indonesia in 1989 he was responsible for the development of investment services
and subsequently treasury management for leading banks in Jakarta.
Afdal has developed web-based training programs for the CFA examinations and has wide
teaching experience, including instructing at the School of Management, University of Surrey,
United Kingdom.
He obtained a MSc in Mathematics from the University of Texas at Arlington and holds the
Chartered Financial Analyst ("CFA") qualification.

David Stewart:
David Stewart has extensive experience in venture capital and business structural
reorganizations. As president of a private client broker dealer firm, he has business valuation and
project valuation experience on the venture capital side and portfolio management on the asset
management side. His analysis, commentary, books, and study guides have appeared in the
financial management, securities, and exam prep industries.
David has collaborated with experts in the field to produce the 2001 through 2006 editions of this
study guide. His extensive research into the CFA exam program and past exam histories, field
work, and consistent review of CFA Institute information allows him and his co-authors to
deliver high quality and up to date information.
About the Book:
ExamInsight to CFA Level I Certification is designed to help you master the Learning Outcome
Statements as quickly and as effectively as possible so you can pass the CFA Level I exam your
first time. This compact study guide and download test engine with 1250+ practice questions will
give you the information, practice exams, and test-taking tips that you need to reach a passing
level and feel confident that you are ready for the real exam
You can also feel confident that your are getting some of the best advice and coaching available,
since our authors are not only CFA charter holders and successful investment professionals, but
also teach CFA exam preparation courses in college, online, and in seminars. You get the benefit
of their combined international experience.
This book is divided into Study Sessions (1 – 18) that cover the Learning Outcome Statements and
the associated Assigned Readings. Appendix A (Exhibits 1 – 3), is a collection of exhibits and flow
charts for condensed reference and review, including examples of accounting statements, puts
and calls, PE breakdown, and financial ratios.
The 18 2006 CFA Level I Study Sessions breakout is as follows:
Ethical and Professional Standards
Study Session 1: Ethical and Professional Standards
Investment Tools
Study Session 2. Quantitative Methods: Basic Concepts
Study Session 3. Quantitative Methods: Application
Study Session 4. Economics: Macroeconomic Analysis
Study Session 5. Economics: Microeconomic Analysis
Study Session 6. Economics: Global Economic Analysis
Study Session 7. Financial Statement Analysis: Basic Concepts
Study Session 8. Financial Statement Analysis: Financial Ratios and Earnings Per Share
Study Session 9. Financial Statement Analysis: Assets
Study Session 10. Financial Statement Analysis: Liabilities
Study Session 11. Corporate Finance: Corporate Investing & Financing Decisions
Asset Valuation
Study Session 12. Equity Investments: Securities Markets
Study Session 13. Equity Investments: Industry and Company Analysis
Study Session 14. Fixed Income Investments: Basic Concepts
Study Session 15. Fixed Income Investments: Analysis and Valuation
Study Session 16. Derivative Investments
Study Session 17. Alternative Investments
Portfolio Management
Study Session 18. Portfolio Management
Download Supplemental Information: Obtain printable content from this links.
http://snipurl.com/ConceptQ
Preliminary Reading Assignments Supplement and Concept Check Questions Workbook
Online Information:
1. CFA Program:
http://www.cfainstitute.org/cfaprogram/
2. The Code of Ethics (Full Text)
http://www.cfainstitute.org/standards/ethics/code/
3. International Code Of Ethics And Standards Of Professional Conduct
http://www.cfainstitute.org/cfacentre/ethics/codeandstandards.html
4. Interpretations of CFA Institute's Code of Ethics and Standards of Professional Conduct
http://www.cfainstitute.org/standards/pps/gips_library.html
5. The Standards of Professional Conduct
Standard I: Fundamental Responsibilities
Standard II: Relationships with and Responsibilities to the Profession
Standard III: Relationships with and Responsibilities to the Employer
Standard IV: Relationships with and Responsibilities to Clients and Prospects
Standard V: Relationships with and Responsibilities to the Public
http://www.cfainstitute.org/standards/ethics/conduct/index.html
http://www.cfapubs.org/ap/issues/v2003n4/toc.html
http://www.cfainstitute.org/cfacentre/ips/
http://www.cfainstitute.org/cfacentre/pdf/English2006CodeandStandards.pdf
6. CFA Institute-PPSTM AIMR Performance Presentation Standards
http://www.cfainstitute.org/standards/pps/ppsstand.html
7. Global Investment Performance Standards
http://www.cfainstitute.org/standards/pps/gips_standards.html
8. Soft Dollar Learning Module
http://www.cfainstitute.org/standards/ethics/soft_dollar/index.html
List of Chapters
STUDY SESSION 1 1
STUDY SESSION 2 47
STUDY SESSION 3 121
STUDY SESSION 4 185
STUDY SESSION 5 207
STUDY SESSION 6 247
STUDY SESSION 7 269
STUDY SESSION 8 307
STUDY SESSION 9 337
STUDY SESSION 10 365
STUDY SESSION 11 389
STUDY SESSION 12 443
STUDY SESSION 13 463
STUDY SESSION 14 499
STUDY SESSION 15 553
STUDY SESSION 16 589
STUDY SESSION 17 637
STUDY SESSION 18 665
Terminology 693
Appendix A: 695
Download Instructions 710