2022年CFA一级考纲和2021年是不一样的哦！CFA一级考纲变化详情公布！

发布时间：2021-06-12 09:29编辑：融跃教育CFA

2022年CFA一级考纲是很多人紧需的，那备考2022年CFA一级考试的考生要注意了！2022年CFA一级考纲和2021年是不一样的哦！那是怎样的呢？今天和小编一起看看2022年CFA一级考纲变化！

我们知道2021年CFA考试是沿用了2022年CFA考纲，2021年整体上知识内容没有变化，但是2022年是有不小的变化，和小编一起看看各个科目的变化情况！

整体来说2022年CFA一级考纲总的session为19个，与2021年保持一致；总的reading由原来的57个调整为60个；新增4个reading，删除1个reading，道德由原来的*个session调整为*后一个,其他科目按顺序往前调整；大部分科目的考纲都发生了变动，数量、组合、另类、企业理财、道德变动很大，权益、衍生和财务改动较小。

1、Quantitative Method

Reading 5 Sampling and Estimation

新增contrast probability samples with non-probability samples

新增cluster, convenience, and judgmental sampling

新增resampling相关概念，

describe the use of resampling (bootstrap, jackknife) to estimate the sampling distribution of a statistic.

删除抽样方法的区别

删除时间序列与横截面数据的分类

t分布内容挪至reading 4

Reading 5 Sampling and Estimation

新增contrast probability samples with non-probability samples

新增cluster, convenience, and judgmental sampling

新增resampling相关概念，

describe the use of resampling (bootstrap, jackknife) to estimate the sampling distribution of a statistic.

删除抽样方法的区别

删除时间序列与横截面数据的分类

t分布内容挪至reading 4

Reading 6 Hypothesis Testing

新增显著性检验在不同假设检验中的定义，

describe how to interpret the significance of a test in the context of multiple tests;

新增相关系数显著性检验的参数与非参数检验的对比，

explain parametric and nonparametric tests of the hypothesis that the population correlation coefficient equals zero, and determine whether the hypothesis is rejected at a given level of significance;

新增利用contingency table data检验独立性，

explain tests of independence based on contingency table data

Reading 7 Introduction to Linear Regression

整个章节为新增

涉及单元回归，建模，检验，interpret ANOVA results等

describe a simple linear regression model and the roles of the dependent and independent variables in the model;

describe the use of analysis of variance (ANOVA) in regression analysis, interpret ANOVA results, and calculate and interpret the standard error of estimate in a simple linear regression;

【解读】

数量整体变化较大，很多新增内容是为了与二三级内容接轨，包括数据可视化，数据的聚类分析，单元回归，都为二三级课程的学习打好基础。

2、Economics

Reading 10 Aggregate Output, Prices, and Economic Growth

删除对IS曲线和LM曲线相关内容的解释

Reading 11 Understanding Business Cycles

新增对信贷周期的描述

describe credit cycles;

新增关于消费者和商业活动是如何随经济体在商业周期中的变化而变化的

describe how resource use, consumer and business activity, housing sector activity, and external trade sector activity vary as an economy moves through the business cycle;

【解读】

虽然删除了IS曲线和LM曲线相关内容，但是AD曲线仍然要学，影响不大，新增的商业周期内容，有利于加深对经济周期的理解。

3、Financial Statement Analysis

语言描述上有小的调整

考点没有变化

4、Corporate Issuers

科目名称从原先corporate finance变为corporate issuers

Reading 28 Uses of Capital

新增real option相关内容

describe types of real options relevant to capital investment

Reading 31 Capital Structure

整个章节为新增

涉及资本结构相关内容，MM理论，WACC的计算，stakeholder interests。

explain the Modigliani–Miller propositions regarding capital structure;

describe the use of target capital structure in estimating WACC, and calculate and interpret target capital structure weights;

describe competing stakeholder interests in capital structure decisions.

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5、Equity Investments

语言描述上有小的调整

考点没有变化

6、Fixed Income

Reading 42 Introduction to Asset-Backed Securities

新增担保债券的特征与风险，以及与其他资产支持证券的区别

describe characteristics and risks of covered bonds and how they differ from other asset-backed securities.

Reading 43 Understanding Fixed-Income Risk and Return

新增有关empirical duration and analytical duration的区别

describe the difference between empirical duration and analytical duration.

【解读】

新增担保债券与其他ABS的区别,有关empirical duration and analytical duration的区别，更关注实际投资的分析与应用。

7、Derivatives

语言描述上有小的调整

考点没有变化

8、Alternative Investments

Reading 47 Introduction to Alternative Investments

整章进行修改，考纲要求变动很大

新增有关natural resources的特征分析，

explain investment characteristics of natural resources;

新增各类评价指标计算以及费率结构计算。

describe issues in performance appraisal of alternative

investments;calculate and interpret returns of alternative investments on both before-fee and after-fee bases.

【解读】

新增natural resources，需要背诵记忆。评价指标以及费率结构的计算。整体计算量有所上升

9、Portfolio Management

Reading 52 The Behavioral Biases of Individuals

整个章节为新增

涉及cognitive errors and emotional biases的对比，behavioral biases等内容

compare and contrast cognitive errors and emotional biases;

discuss commonly recognized behavioral biases and their implications for financial decision making;

describe how behavioral biases of investors can lead to market characteristics that may not be explained by traditional finance;

Reading 54 Technical Analysis

新增技术分析与行为金融学的联系

describe potential links between technical analysis and behavioral finance;

新增技术分析与基本面分析的对比

compare principles of technical analysis and fundamental analysis;

删除周期分析explain how technical analysts use cycles;

删除describe the key tenets of Elliott Wave Theory and the importance of Fibonacci numbers

【解读】

新增reading 52行为金融学，为二三级相关内容打好基础，删除相关内容，使得CFA资产组合的结构更完善

9、Ethical and Professional Standards

Reading 59 Introduction to the Global Investment Performance Standards (GIPS).

新增公司GIPS标准的概念，基本原则

describe the key concepts of the GIPS standards for firms;

新增GIPS标准中关于公司的定义和公司自由裁量权定义的建议

describe the fundamentals of compliance, including the recommendations of the GIPS Standards with respect to the definition of the firm and the firm’s definition of discretion;

Reading 60 Ethics Application

整个章节为新增

evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;

explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.

删除Reading 5 Global Investment Performance Standards (GIPS)整章

【解读】

reading 59新增的内容大部分为原Reading 5 Global Investment Performance Standards (GIPS)的内容。

新增的reading 60是原二级的内容，现挪至一级，评估解释与CFA协会的《道德守则和专业行为标准》有关的实践，政策和行为

今天的分享就到这里，如果对2CFA备考、报名、课程需求、资料等还有需要或不清楚的问题的可点我咨询