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KEXT 2030 - CFA SEMINAR PART 1

Type d'enseignement : Seminar

Semester : Autumn and Spring 2017-2018

Number of hours : 48

Language of tuition : English

Pre-requisite

Basic knowledge in Quantitative methods and financial statements

Course Description

The CFA Program provides a strong foundation of advanced investment analysis, analytical and real-world portfolio management skills. It is strongly anchored in high professional ethical standards. Hiring leading firms often require the CFA credential when considering job applications.
This course objective is to cover the CFA level 1 program with a focus on exam practice.
During the 1st Semester, the course will cover financial reporting and analysis and quantitative methods while in the 2nd semester, the course will focus on ethics, economics, corporate finance, asset valuation and portfolio management;

Session 1: Study Session 7 Financial statement analysis: an introduction
Financial statement analysis: introduction
Financial reporting mechanics
Session 2: Study session 7-8
Describe Financial reporting standards
Understanding income statements
Session 3: Study session 8 Financial reporting and analysis I
Understanding balance sheets
Understanding cash flow statements
Session 4: Study session 8-9
Financial analysis techniques
Analysis of inventories
Session 5: Study session 9 Financial reporting and analysis II
Analysis of long lived assets
Analysis of Income Taxes
Session 6: Study session 9 and 10
Long term (non-current) liabilities
Financial reporting quality (I)
Session 7: Study session 10 Financial reporting and analysis III
Financial reporting quality (II)
Applications of Financial reporting analysis
Session 8: Study session 2 Quantitative methods: basic concepts I
Time value of money
Discounted cash flow applications
Session 9: Study session 2 Quantitative methods: basic concepts II
Statistical concepts and market returns
Probability concepts
Session 10: Study session 3 Quantitative methods: application I
Common probability distributions
Sampling and estimation
Session 11: Study session 3 Quantitative methods: application II
Hypothesis testing I
Session 12: Study session 3 Quantitative methods: application III
Hypothesis testing II
Technical analysis

Teachers

  • CANTOR, Gary (Independant financial consultant and trainer, Cantor Gary Stuart)
  • COLUMELLI, Nathalie (Consultante, FINANCE TRAINING)
  • DAROUICH, Zakaria (Gérant de Portefeuilles, AMUNDI)

Pedagogical format

Students study the topics in the CFA curriculum books before the course
The course is made of 1/3 theory and 2/3 practice
For each topic, professors focus on technics for correctly answering the CFA Exam questions on each topic.
Additional questions will be dealt with by e-mail until the exam date.
Students should always attend the course with an authorized calculator:
Authorized calculator: Texas Instrument TIBA2+

Course validation

Students take a mock exam at the end of the seminar
Students take the CFA level 1 exam on Saturday on June
The exam is organized on that single day by the CFA Institute in Paris

Workload

The CFA level 1 course (Semesters 1 and 2) implies a large commitment of personal and autonomous study of 320 hours. For the Semester 1 course, students will need to allocate 120 hours to master the material.

Required reading

1. CFA Curriculum is made of 6 volumes. Semester 1 will cover Volumes 1 and 3