BACK TO COURSES BACK TO OTHER

 

Kaplan Financial CFA I Education & Revision Course

 

 

Some optional information on Kaplan Financial's CFA I Education and Revision Course will be posted on this website.

My contact email: thomas.wu@kaplan.com

Back to top || Updates || Session Notes

 

 

 

UPDATES Back to top || Updates || Session Notes

Please check here for updates during the course.

April 8, 2012 Cash flow practice questions: Q1 question, Q1 answer, Q2 question, Q2 answer, Q3 question, Q3 answer, Q4 question, Q4 answer, Q5 question, Q5 answer, Q6 question, Q6 answer.
   
March 25, 2012 Practice questions that we went through in class.
   
March 18, 2012 Please review quantitative notes for coming class on Sunday.
   
March 9, 2012

Our course will start on Saturday March 17.

Back to top || Updates || Session Notes

 

 

 

SESSION NOTES Back to top || Updates || Session Notes

Session 1 and 2 Study Session 1 Ethics and Study Session 2 Quantitative
March 17, 2012 We went through the following topics today:
 
  • some details on time allocation during exam,
  • nature of examination for level I, II, and III,
  • codes of ethics,
  • professional standards I to VII,
  • purpose and summary requirements of GIPS,
  • conversion between APR to EAR, and
  • PV, FV, and annuity calculation.
   
Session 3 and 4 Study Session 2 and 3 Quantitative
March 25, 2012 We went through the following topics today:
 
  • review of annuity and annuity due,
  • review of APR and EAR,
  • NPV versus IRR,
  • time weighted versus money weighted returns,
  • calculation of bank discount yield, holding period return, effective annual yield, money market yield,
  • geometric, arithmetic, and harmonic means,
  • coefficient of variation and sharpe ratio,
  • skewness and kurtosis,
  • probabilities, covariance, and correlation,
  • Bayes' formula,
  • combinations and permutations,
  • probability distribution,
  • binomial tree,
  • continuous versus discrete distribution,
  • normal distribution, and
  • confidence interval.
   
Session 5 Study Session 3 Quantitative and Study Session 7 and 8 FRA
March 29, 2012
  • confidence interval,
  • hypothesis testing,
  • test of difference in mean and mean difference,
  • test of variances,
  • technical analysis, and
  • sentiment indicators.
   
Session 6 and 7 Study Session 8 and 9 FRA
April 4, 2012
  • financial reporting,
  • financial reporting mechanics,
  • financial reporting standards,
  • income statement,
  • revenue recognition of long term projects,
  • percentage of completion, completed contract, installment sales, and cost recovery methods,
  • EPS basic and diluted calculation,
  • balance sheet, and
  • treatment of financial assets and liabilities for trading, available for sale, and held to maturity securities.
   
Session 8 and 9 Study Session 9 and 10 FRA and Study Session 12 Portfolio Management
April 8, 2012
  • statement of cash flow,
  • CFO, CFI, and CFF,
  • direct and indirect approach for CFO,
  • free cash flow to firm (FCFF),
  • free cash flow to equity (FCFE),
  • financial ratio analysis, and
  • inventory costing and valuation.
   
Session 10 Study Session 11 Corporate Finance
April 18, 2012
  • capitalizing versus expensing,
  • deferred income taxes.
   
Session 11 and 12 Study Session 11 Corporate Finance and Study Session 13 Equity and Study Session 14 Equity Valuation
April 22, 2012
  • bond amortization,
  • lease versus buying,
  • operating lease versus finance lease,
  • lessor accounting,
  • sales type versus direct financing lease,
  • fraud triangle of incentives / pressures, opportunities, and rationalization,
  • portfolio management,
  • risk and return, standard deviation, covariance, and correlation, and
  • capital market line, security market line, beta, and CAPM.
   
Session 13 and 14 Study Session 15 Fixed Income and Study Session 16 Fixed Income Valuation
April 29, 2012
  • security market line,
  • assumptions of capital asset pricing model,
  • investment policy statement,
  • portfolio planning and construction,
  • capital budgeting using NPV, IRR, payback, discounted payback,
  • profitability index,
  • cost of capital,
  • using pure play, delever, and relever for cost of equity for different business risk projects,
  • calculation of operating leverage, financial leverage, and degree of total leverage,
  • cost volume profit breakeven analysis,
  • cash dividends, stock dividends, stock split, and share repurchase,
  • working capital management, and
  • introduction to equities.
   
Session 15 and 16 Study Session 17 Derivatives and Study Session 18 Alternative Investments and Study Session 4 Economics
May 1, 2012
  • market indices,
  • market efficiency,
  • fundamental analysis,
  • equity valuation,
  • introduction of debt,
  • risk in fixed income investment,
  • collaterized structures, and
  • yield spread.
   
Session 17 and 18 Study Session 4, 5, and 6 Economics
May 6, 2012
  • bond valuation,
  • yield measurement,
  • bootstrapping for spot rates,
  • forward rates from spot rates,
  • duration and effective duration,
  • convexity adjustment,
  • forward and futures,
  • options,
  • swaps, and
  • introduction to alternative investments.
   
Session 19 and 20 Study Session 4, 5, and 6 Economics
May 13, 2012
  • alternative investments including real estate, private equity, hedge fund, fund of funds, commodities
  • foreign exchange spot and forward rates,
  • microeconomics of supply and demand curve,
  • calculation of surplus and elasticities,
  • macroeconomics, and
  • monetary and fiscal policies.
   
June 3, 2012 CFA Level I
Sunday  

Back to top || Updates || Session Notes

 

 

 

 

 

 

 

 

 

 

 

 
This website is my personal journal, book case, and notepad. ALL past, present, and future information posted on this website is for my personal use, is of my sole personal opinion, and is not meant to be taken as advice or facts of any kind whatsoever. I hereby denounce ALL responsibilities for any information, recommendation, or action derived from this website. All materials contained in this website is maintained by myself. ANY external use, copying or duplication of materials from this web site are strictly prohibited unless authorized AND properly referenced.