CFA Exam Review
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CHANGES TO CFA EXAM LEVEL I 2015
Ethical and Professional Standards
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
15%
15%
REVISED Readings now refer to 11th Edition of the Standards of Practice Handbook
Quantitative Methods: Basic Concepts
12%
12%
REVISED Examples have been updated
Quantitative Methods: Application
12%
12%
REVISED Examples have been updated
4
5
Economics
10%
10%
No changes
Economics: Macroeconomic Analysis
10%
10%
REVISED Two new LOS have been added
Economics: Economics in a Global Context
10%
10%
REVISED One new LOS has been added
Financial Reporting and Analysis: An Introduction
Financial Reporting and Analysis: Income Statements,
Balance Sheets, and Cash Flow Statements
20%
20%
No changes
20%
20%
REVISED One new LOS has been deleted
Financial Reporting and Analysis: Inventories, Long-lived
Assets, Income Taxes, and Non-current Liabilities
No changes
20%
20%
CHANGES TO CFA EXAM LEVEL I 2015 (continued)
10
11
Financial Reporting and Analysis: Financial Reporting
Quality and Financial Statement Analysis
MAJOR CHANGES
One new reading has been added
Two readings have been removed
Corporate Finance
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
7%
Net
Change
1%
2014 Exam
Subject Weight
2015 Exam
Subject Weight
7%
Net
Change
+2%
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
10%
Net
Change
2%
2014 Exam
Subject Weight
2015 Exam
Subject Weight
10%
Net
Change
2%
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
2014 Exam
Subject Weight
2015 Exam
Subject Weight
Net
Change
20%
8%
20%
REVISED Several LOS have been edited
12
13
14
15
Portfolio Management
No changes
Equity: Market Organization, Market Indices,
and Market Efficiency
10%
10%
No changes
Equity: Equity Analysis and Valuation
10%
10%
No changes
Fixed Income: Basic Concepts
MAJOR CHANGES
16
5%
12%
One new reading has been added
Fixed Income Analysis of Risk
12%
REVISED One LOS has been added
17
18
Derivatives
MAJOR CHANGES
One new reading has been added
Four readings have been removed
Alternative Investments
No changes
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5%
3%
5%
4%
+1%
