每年CFA考綱變化都是CFA考試的重點(diǎn)。2020年CFA三個(gè)級(jí)別考綱已經(jīng)公布。與2019年相比，2020年各科目考試比重沒有變化，但每個(gè)級(jí)別都有細(xì)節(jié)上的調(diào)整。

推薦閱讀：【備考分享】CFA一級(jí)科目分析

2020年CFA一級(jí)科目權(quán)重變化情況：

CFA一級(jí)考綱

2020年CFA一級(jí)考綱內(nèi)容變化情況：

考綱內(nèi)容上，除了經(jīng)濟(jì)學(xué)（Economics）、權(quán)益投資（Equity Investment）沒有變化，其他部分細(xì)節(jié)調(diào)整較多。具體而言：

倫理道德與專業(yè)準(zhǔn)則（Ethical and Professional Standards）

Reading 1.Ethics And Trust In The Investment Profession

[新增]

c.describe professions and how they establish trust;

e.explain proofesiionalism in investment managemnet;

[修改]

Reading 1.Ethics And Trust In The Investment Profession

g.distingish between ethical and legal standards; 原e.

取消了對framework for ethical decision making的應(yīng)用要求；

數(shù)量方法（Quantitative Methods）

Reading 7.Discounted Cash Flow Applications 整章刪除

Reading 8.Probability Concepts

[刪除]

k.calculate and interpret covariance and correlation;

[新增]

k.calculate and interpret covariance and correlation and interpret a scatterplot;

Reading 11.Hypothesis Testing

[新增]

k.formulate a test of the hypothesis that the population correlation coefficient equals zero and determine whether the hypothesis is rejected at a given level of significance;

原Reading 13.Technical Analysis整體移動(dòng)到組合管理（Portfolio Management）[修改]

公司財(cái)報(bào)分析（Financial Reporting Analysis）

Reading 20.Financial Reporting Standards

[刪除]

c.describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;

f.compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles(US GAAP)reporting systems;

g.identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;

i.analyze company disclosures of significant accounting policies；

取消財(cái)報(bào)準(zhǔn)則設(shè)置機(jī)構(gòu)的描述、對國際證監(jiān)會(huì)組織的角色描述、財(cái)報(bào)的目標(biāo)描述、財(cái)報(bào)的前提準(zhǔn)備等要求。

Reading 21.Understanding Income Statements

[刪除]

b.accrual accounting,specific revenue recognition applications(including accounting for long-term contracts,installment sales,barter transactions,gross and net reporting of revenue),and implications of revenue recognition principles for financial analysis;

d.describe key aspects of the converged accounting standards for revenue recognition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;

[增加]

b.describe general principles of revenue recognition and accounting standards for revenue recognition;

Reading 26.Long-lived Assets

[刪除]

o.explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;

p.explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.

Reading 28.Non-current(Long-term)Liabilities

[刪除]

g. distinguish between a finance lease and an operating lease from the perspectives of the lessor and the lessee;

h. determine the initial recognition,initial measurement,and subsequent measurement of finance leases;

i. compare the disclosures relating to finance and operating leases;

[增加]

g. explain the financial reporting of leases from a lessee’s perspective;

h. explain the financial reporting of leases from a lessor’s perspective;

公司金融（Corporate Finance）

Reading 32.Capital Budgeting

[增加]

f. contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;

固定收益投資（Fixed income）

Reading 44.Introduction to Fixed-Income Valuatio

[新增]

f. calculate annual yield on a bond for varying compounding periods in a year;

h. Calculate and interpret yield measures for money market instruments;

衍生工具（Derivatives）

Reading 48.Derivative Markets and Instruments

[新增]

d. determine the value at expiration and profit from a long or a short position in a call or put option;

Reading 49.Basics of Derivative Pricing and Valuation

[新增]

c.calculate a forward price of an asset with zero,positive,or negative net cost of carry;

[刪除]

i.explain how the value of a European option is determined at expiration;

另類投資（Alternative Investments）

Reading 50.Introduction to alternative investment;

[刪除]

b. describe categories of alternatives investment;

投資組合（Portfolio Management）

Reading 51.Portfolio Management:An Overview

[新增]

b. describe the steps in the portfolio management process;

e. Describeaspects of the asset management industry;

Reading 52.Portfolio Risk and Return:Part I

[新增]

b. compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures;

Reading 54.Basics of Portfolio Planning and Construction

[新增]

h. describe how environmental,social,and governance(ESG)considerations may be integrated into portfolio planning and construction;

同學(xué)們在CFA一級(jí)考試備考中如果有什么疑問，可以隨時(shí)來我們?nèi)谲S網(wǎng)校查詢，歡迎評(píng)論學(xué)習(xí)。