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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
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|| Session Notes
UPDATES
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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. |
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| March
25, 2012 |
Practice
questions that we went through in class. |
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| March
18, 2012 |
Please
review quantitative notes for coming class on Sunday. |
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| March
9, 2012 |
Our
course will start on Saturday March 17. |
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|| Session Notes
SESSION
NOTES Back
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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: |
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- 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.
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| Session
3 and 4 |
Study
Session 2 and 3 Quantitative |
| March
25, 2012 |
We
went through the following topics today: |
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- 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.
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| 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.
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| 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.
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| 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.
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| Session
10 |
Study
Session 11 Corporate Finance |
| April
18, 2012 |
- capitalizing
versus expensing,
- deferred
income taxes.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| June
3, 2012 |
CFA
Level I |
| Sunday |
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