CFA_level_1_notes总结

Page1of131CFAlevel1notes总结声明：本资源系楼主本人整理，仅供学习，禁止商业用途！ContentsBook1EthicsandProfessionalStandardsandQuantitativeMethods............3Reading1........................................................................................................................................3StandardⅠ:Professionalism..................................................................................................3StandardⅡ:IntegrityofCapitalMarkets...........................................................................6StandardⅢ:DutiestoClients..................................................................................................7StandardⅣ:DutiestoEmployers........................................................................................10StandardⅤInvestmentAnalysis,recommendationsandactions...........................12StandardⅥ:ConflictsofInterest.........................................................................................15StandardⅦ:ResponsibilitiesasCFAInstituteMemberorCandidate....................16Reading4IntroductiontoGIPS............................................................................................17Reading5Thetimevalueofthemoney.............................................................................20Reading6DiscountedCashFlowApplications...............................................................20Reading7StatisticalConceptsandMarketReturns.....................................................21Reading8ProbabilityConcepts...........................................................................................22Reading9CommonProbabilityDistribution..................................................................23Reading10Samplingandestimates...................................................................................23Reading11HypothesisTesting.............................................................................................25Reading12TechnicalAnalysis..............................................................................................27Book2Economics............................................................................................................29Reading13DemandandSupplyAnalysis:Introduction.............................................29Reading14DemandandSupplyAnalysis:ConsumerDemand.................................33Reading15DemandandSupplyAnalysis:Thefirm.....................................................35Reading16ThefirmandMarketStructures...................................................................40Reading17AggregateOutput,Prices,andEconomicgrowth....................................45Reading18UnderstandingBusinessCycle.......................................................................52Reading19MonetaryandFiscalPolicy.............................................................................57Reading20InternationalTradeandCapitalFlows........................错误!未定义书签。Reading21CurrencyExchangeRates.................................................错误!未定义书签。Book3FinancialReportingandAnalysis................................................................62Reading22Financialstatementanalysis:AnIntroduction........................................62Reading23FinancingReportingMechanics....................................................................64Reading24FinancialReportingStandards......................................................................64Reading25UnderstandingIncomeStatements.............................................................66Reading26UnderstandingBalanceSheets......................................................................69Reading27UnderstandingCashFlowStatements........................................................72Page2of131Reading28FinancialAnalysisTechniques........................................错误!未定义书签。Reading29Inventories.............................................................................错误!未定义书签。Reading30Long-livedAssets.................................................................错误!未定义书签。Reading31IncomeTaxes........................................................................错误!未定义书签。Reading32Non-CurrentLiabilities.....................................................错误!未定义书签。Reading33FinancialReportingQuality:RedFlagsandAccountingWarningSigns................................................................................................................................................75Reading34AccountingShenanigansontheCashFlowStatement..........................77Reading35FinancialStatementAnalysis:Applications..............................................78Book4CorporateFinance,PortfolioManagementandEquityInvestment80Reading36CapitalBudgeting...............................................................................................80Reading37CostofCapital......................................................................................................81Reading38Measureofleverage..........................................................