The CFA (Chartered Financial Analyst) qualification is a securities analyst qualification sponsored by the CFA Association of the United States. In India, bank employees and securities company employees who aim to change jobs to foreign financial institutions or work at Mega Bank overseas branches are mainly taking the examination. This qualification is a difficult exam that requires you to clear each 6 hours (English) written exam of Level 1 to Level 3 before the final pass.

Many people may be worried about whether they should study by themselves or attend a coaching classes and course in order to pass CFA Level 1 question paper. Each has its advantages and disadvantages, so I think it’s best to judge based on your own knowledge level and situation.

In this course, for those who are already studying for the CFA Level 1 exam, we will give a lecture from a viewpoint based on recent exam trends in order to break through the difficult exam. The content is specialized for preparing to pass the CFA exam.

The most famous method to make preparations for the CFA Level 1 test is taking the help of CFA Level 1 test series. 

4 Subjects you want to use as a score source

Level I requires you to study all 10 subjects “widely and shallowly”, but the following 4 subjects are the ones you want to use as a score source.

Ethical and Professional Standards

Although the score ratio is as high as 15%, there are many problems that can be solved with a sense of common sense, so you can aim for a high score in less study time than in other subjects. In the exam, this subject has the largest amount of English sentences, but due to the nature of answering the pros and cons of situations and actions in light of professional ethics, the number of question cases is limited, so repeating the exercises will improve the processing speed.

Financial Reporting and Analysis

This is the subject with the highest score ratio of 20%. I think that many working people have Indian accounting knowledge through the acquisition of qualifications such as Bookkeeping Level 3 or practical work. Based on that knowledge, you can study smoothly by learning the accounting treatment under International Financial Reporting Standards 

Equity Investments / Fixed Income

These two subjects are the basics of securities analysis, and since the questions are given with high scores in Level II and III, I definitely want to use them as a score source at the Level I stage. It is also characterized by having fewer memorization items than other subjects, and it is a subject where you can earn points by understanding the mechanism of stocks and bonds and the evaluation method.

Equity Investments

The features of this subject are the above-mentioned 3. It is almost the same as Fixed Income. Let’s be able to calculate the stock price using DDM and the amount of margin call for margin trading.
The main issues are as follows.

  • DDM (Dividend Discount Model)
  • Efficient market hypothesis
  • Stock index (index) type, calculation method
  • Industrial life cycle