一般同學們在進行備考前都會先了解一下考綱的情況，我們很多的CFA®考生也是這么做的，因此澤稷小編這次就為大家?guī)砹?020年CFA®一級考綱的內容介紹，各位同學可以一起來了解一下。

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       2020年CFA®一級考綱變動內容為：

       首先，相較于2019年，各科目的考試比重未發(fā)生變化。

       其次，考綱內容上，除了經(jīng)濟學（Economics）、權益投資（Equity Investment）、其他類投資（Alternative Investments）無變化，其他部分細節(jié)調整較多。具體而言：

       1.倫理道德與專業(yè)準則（Ethical and Professional Standards）部分：

       √Reading 1.Ethics And Trust In The Investment Profession中：

       新增考綱：c.describe professions and how they establish trust;

       取消了對framework for ethical decision making的應用（apply）要求。

       2.數(shù)量方法（Quantitative Methods）部分：

       √刪除整個Reading.Discounted Cash Flow Applications

       √Reading 7.Statistical Concepts and Market Returns中，2020年相比2019年考綱取消了對夏普比率（Sharpe ratio）的計算和解釋要求。

       √Reading 11.Hypothesis Testing中，新增考綱：k.formulate a test of the hypothesis that the population correlation coefficient equals zero and determine whether the hypothesis is rejected at a given level of significance;

       √原Reading 13.Technical Analysis整體移動到組合管理（Portfolio Management）部分。

       3.公司財報分析（Financial Reporting Analysis）部分：

       √Reading 20.Financial Reporting Standards中：

       刪除4條考綱要求，分別為：

       1.c.describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;

       2.f.compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles（US GAAP）reporting systems;

       3.g.identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;

       4.i.analyze company disclosures of significant accounting policies.

       取消財報準則設置機構的描述、對國際證監(jiān)會組織的角色描述、財報的目標描述、財報的前提準備等要求。

       √Reading 21.Understanding Income Statements中，刪除原考綱要求：

       b.accrual accounting,specific revenue recognition applications（including accounting for long-term contracts,installment sales,barter transactions,gross and net reporting of revenue），and implications of revenue recognition principles for financial analysis;

       d.describe key aspects of the converged accounting standards for revenue recognition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;

       √Reading 26.Long-lived Assets中，刪除原考綱要求：

       o.explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;

       p.explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.

       √Reading 30.Non-current（Long-term）Liabilities中，刪除原考綱要求：

       h.determine the initial recognition,initial measurement,and subsequent measurement of finance leases;

       i.compare the disclosures relating to finance and operating leases;

       4.公司金融（Corporate Finance）部分：

       √Reading 32.Capital Budgeting，新增考綱：f contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;

       5.固定收益投資（Fixed income）部分：

       √Reading 44.Introduction to Fixed-Income Valuation中，新增考綱：f calculate annual yield on a bond for varying compounding periods in a year;

       6.衍生工具（Derivatives）部分：

       √Reading 48.Derivative Markets and Instruments中，新增考綱d determine the value at expiration and profit from a long or a short position in a call or put option;

       √Reading 49.Basics of Derivative Pricing and Valuation中，

       新增考綱c.calculate a forward price of an asset with zero,positive,or negative net cost of carry;

       刪除原考綱i.explain how the value of a European option is determined at expiration;

       7.投資組合（Portfolio Management）部分整體移動到其他類投資之后：

       √Reading 51.Portfolio Management:An Overview中，新增考綱：b describe the steps in the portfolio management process;

       √Reading 52.Portfolio Risk and Return:Part I中，新增考綱：b.compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures

       √Reading 54.Basics of Portfolio Planning and Construction中，新增考綱：h describe how environmental,social,and governance（ESG）considerations may be integrated into portfolio planning and construction.

       關于CFA®一級考綱內容的講解近先到這里了，同學可能夠看出今年的CFA®一級考綱變動內容并不算多，下面就需要大家認真的準備CFA®備考了，同學們感興趣的話可以試試我們澤稷網(wǎng)校的CFA®一級網(wǎng)課哦。

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