Curriculum Changes from December to June

Hi,

This year the changes are slightly more dramatic than usual as the number of readings has been reduced and the guideline exam
weights for the individual topics have been adjusted for the first time
in years. So if you are re-sitting the test in June 2015 and contemplating using 2014 study materials it is a bit of a gamble.

The biggest changes are the following:

1. The Ethical and Professional Standards readings have been updated to reflect the latest Standards of Practice Handbook.
2. Two readings (33 & 34) from the dreaded Financial Reporting & Analysis topic
   area have been removed and replaced by a single reading (Financial Reporting Quality).
3. A new reading has been added to Fixed Income again this year (Introduction to Asset-Backed Securities).
4. Four Derivatives readings (58-61) have been removed and replaced by a single reading (Basics of Derivative Pricing and Valuation).

So for these 4 out of 10 topic areas I would definitely not rely on the 2014 Schweser materials.

Sorry I can’t give you a more upbeat response, but hopefully better to know the truth than to waste time studying material that is no longer on the test.

All the best,

@PrestigeWorldWide‌ there are changes across the years, but usually providers publish a list of changes that you can refer to.

There’s a detailed one here: https://www.dropbox.com/s/c6c916ma0co0i68/Apptuto_CFA_L1_LOS_Changes_2015.pdf?dl=0
And a high-level one here: http://www.efficientlearning.com/wiley-cfa/wp-content/uploads/sites/4/2014/09/2015_CurriculumChange_Level-I.pdf