CFA CFA Level 1 Changes in Level I from 2012 to 2013

Changes in Level I from 2012 to 2013

  • Author
    Posts
    • Avatar of tachemantacheman
      Participant
        • CFA Charterholder
        Up
        1
        ::

        Was just looking this up and wanted to share if anyone needs it.

        From Elan:
        – Ethics, Quantitative Methods, Economics, Corporate Finance, Portfolio Management, Equity and Derivatives are pretty much exactly the same in 2013 as they were for 2012.
        – Two FRA Readings (Non-Current Liabilities and FSA Applications) have seen minimal revisions, while one FRA Reading (Financial Statement Analysis) has been deleted.
        – One new Reading (Fundamentals of Credit Analysis) has been added to the Fixed Income Section.
        – One new Reading has replaced the old Reading on Alternative Investments

        More detailed info:
        http://www.passingscorefinance.com/LOS/2012-2013/cfa_loschanges1.pdf

      • Avatar of SnippySnippy
        Participant
          • CFA Level 2
          Up
          5
          ::

          @Sophie Are you talking about Financial Statement Analysis being a pain?

        • Avatar of Zee TanZee Tan
          Keymaster
            • CFA Charterholder
            Up
            5
            ::

            You’re right @sidmenon. I did a quick spot-check on the actual CFA curriculum (link here: http://www.cfainstitute.org/programs/cfaprogram/courseofstudy/Pages/study_sessions.aspx) and the passfinance link checks out. I’d go with that.

          • Avatar of hairyfairyhairyfairy
            Participant
              • Undecided
              Up
              4
              ::

              Thanks @tacheman! useful when deciding to get 2012 materials…

            • Avatar of SnippySnippy
              Participant
                • CFA Level 2
                Up
                4
                ::

                Financial Statement Analysis from Corporate Finance (LOS 11.41) also seems to be removed. Just confirming as @TacheMan mentioned this being removed from only FRA.

              • Up
                4
                ::

                Lucky you @sidmenon, that section was a pain!

              • Avatar of SnippySnippy
                Participant
                  • CFA Level 2
                  Up
                  4
                  ::

                  Mentioning you guys to speed up the response a bit, sorry!

                  @Sophie, @christine, @Zee, @TacheMan.

                • Avatar of SnippySnippy
                  Participant
                    • CFA Level 2
                    Up
                    3
                    ::

                    Thanks for this! But is there any way to access just the new additions to the syllabus? Since i have the 2012 material.

                  • Avatar of SnippySnippy
                    Participant
                      • CFA Level 2
                      Up
                      3
                      ::

                      I read through the new LOS. Doesn’t have as much content as the removed one.

                    • Avatar of SnippySnippy
                      Participant
                        • CFA Level 2
                        Up
                        3
                        ::

                        Thanks for the link @Zee.

                        So that means FRA remains as it was, without any changes?

                      • Avatar of tachemantacheman
                        Participant
                          • CFA Charterholder
                          Up
                          3
                          ::

                          Good spot @sidmenon! Looks like there are some errors in Elan’s overview.

                        • Avatar of JayRJayR
                          Participant
                            • CFA Level 1
                            Up
                            3
                            ::

                            @tacheman thanks mate.

                          • Avatar of hairyfairyhairyfairy
                            Participant
                              • Undecided
                              Up
                              2
                              ::

                              @jimmyg oh I am using current materials. Was just thinking of getting some additional 2012 materials on the cheap (practice exams).

                            • Avatar of SnippySnippy
                              Participant
                                • CFA Level 2
                                Up
                                2
                                ::

                                Is it something to worry about that there’s so much removed from Alternative Investments syllabus but very little added? Doesn’t feel right.

                              • Avatar of tachemantacheman
                                Participant
                                  • CFA Charterholder
                                  Up
                                  2
                                  ::

                                  Yeah that struck me as odd as well. Perhaps the added LOS contains quite a lot of material.

                                • Avatar of tachemantacheman
                                  Participant
                                    • CFA Charterholder
                                    Up
                                    2
                                    ::

                                    Yeah you’re right @sidmenon

                                  • Avatar of SnippySnippy
                                    Participant
                                      • CFA Level 2
                                      Up
                                      2
                                      ::

                                      Also, this link shows the same info as passfinance.

                                      http://konvexity.wordpress.com/2013/01/14/changes-in-cfa-curriculum-from-2012-to-2013-across-all-levels/

                                    • Avatar of policedogpolicedog
                                      Participant
                                        • Undecided
                                        Up
                                        1
                                        ::

                                        The best way I can think of is to get the specific Elan guides for the topics that have large differences. Elan allows you to pick and choose, and 300 H has got a discount code for it.

                                      • Up
                                        1
                                        ::

                                        Thanks @tacheman! useful when deciding to get 2012 materials…

                                        I’d really advise you to use current materials rather than try and save a bit with older materials. It’s just not worth the pain of trying to piece together what’s missing.

                                      • Avatar of SnippySnippy
                                        Participant
                                          • CFA Level 2
                                          Up
                                          1
                                          ::

                                          You’ve mentioned minimal changes in non-current liabilities and FSA applications and also removal of financial statement analysis. But i just noticed that in the link given, none of these changes are verified. Like, there’s absolutely no change but wording changes according to the link! Can someone shed some light on this?

                                        • Avatar of SnippySnippy
                                          Participant
                                            • CFA Level 2
                                            Up
                                            0
                                            ::

                                            Yeah, @TacheMan. Looks like it. But this seems to be their only error. Because i’ve been following those LOS changes since i started studying the L1 curriculum. Found this error once i reached my last topic, FRA.

                                        Viewing 20 reply threads
                                        • You must be logged in to reply to this topic.