PassMaster 2004 CD by CFA Level 1

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About Course

The CFA Program includes a series of three exams; Levels I, II, and III. The exams:

Are offered annually — at test centers around the world — on the first Saturday in June. The Level I exam is also offered in December.

Must be passed sequentially.

Are available in English only. ( Also )

The exam content, learning focus, and question format increase in complexity with each level.

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Curriculum Content and Learning Focus

An example showing the increase in complexity is the ethical and professional standards curriculum content. This content is similar for each exam level; however, candidates are ask ed different types of questions:

Level I tests your knowledge of the ethical and professional standards. ( Also )

Level II tests how you apply those standards to situations analysts face.

And Level III tests how you apply the standards in a portfolio management and compliance context.

In general:

Level I exams consists of basic knowledge and comprehension questions focused on investment tools; some questions will require analysis.

Level II exams emphasize more complex analysis, along with a focus on valuing assets.

And Level III exams require synthesis of all the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning.