International CFA US Training & Coaching institute in Ahmedabad Gujarat

Program

CFA is shorthand for Chartered Financial Analyst. CFA is a registered trademark of the CFA Institute (CFAI) and its use is subject to the terms and conditions of the CFAI, after the successful attainment of the charter.

U.S CFA is divided in to 3 levels. Each level must be taken consecutively. A candidate cannot sit for Level two until they have passed CFA Level one. If any Exam is failed, that level must be repeated before the candidate can move on.

Given the right experience and a college degree, a CFA charter takes a minimum of 2.5 years.

Level 1 is offered in June and December. Level 2 and 3 are offered in June only. Exams are given at select worldwide locations.

A candidate has to meet the following 5 requirements in order to obtain the CFA charter:

Pass the three CFA exams - Levels 1, 2 and 3 in that order
Document at least 3 years' work experience in the investment industry with participation in the decision making process (does not mean that you made decisions - the key word is "process")
Join the CFA Institute as a member, provide sponsorship forms, sign the professional conduct statement, sign the terms & conditions, and display a high level of ethical and professional conduct
Apply for membership in a CFA Institute Society
Comply with the policies and requirements of the CFA Institute after becoming a charterholder

The first two requirements are the most time consuming and challenging for CFA candidates. The necessary work experience can be accrued while one is taking the three CFA exams. A person does not need to have the requisite 3 years' experience to become a CFA candidate. In addition, a charterholder needs to have a college degree (or be working towards it as a candidate) and be ready to do "masters" level work while enrolled in the CFA program

The Chartered Financial Analyst designation has become a very popular and important educational certification. More finance related companies are requiring this designation than ever before. Gain an advantage over other job candidates, by getting your CFA charter.

Benefits

INTERNATIONAL CFA

Benefits for Candidate and the Company

Credibility: Clients and colleagues regard you with a presumption of expertise
Competitive advantage: Employers and clients want the experience that comes with the CFA charter
Connections: You’ll join a global network of more than 78,000 professionals
Recognition: You’ll earn a designation praised by employers and media
A cost-effective and efficient way to increase the knowledge and professionalism of your staff
A global program that tracks the needs of the industry and employers like you
A measure of job applicants' competence and integrity

Course of Study

CFA Exam Topic Area Weights

Topic Area	Level I	Level II	Level III
Ethical and Professional Standards (total)	15	10	10
Investment Tools (total)	50	30-60	0
Corporate Finance	8	5-15	0
Economics**	10	5-10	0
Financial Reporting and Analysis	20	15-25	0
Quantitative Methods	12	5-10	0
Asset Classes (total)	30	35-75	35-45
Alternative Investments	3	5-15	5-15
Derivatives	5	5-15	5-15
Equity Investments	10	20-30	5-15
Fixed Income	12	5-15	10-20
Portfolio Management and Wealth Planning (total)	5	5-15	45-55
Total	100	100	100

*Note: These weights are intended to guide the curriculum and exam development processes. Actual exam weights may vary slightly from year to year. Please note that some topics are combined for testing purposes.

**Economics is part of Portfolio Management at Level III.

Curriculum

Candidate Body of Knowledge Topical Outline

I. Ethical and Professional Standards

A. Professional Standards of Practice

B. Ethical Practices

II. Quantitative Methods

A. Time Value of Money

B. Probability

C. Probability Distributions and Descriptive Statistics

D. Sampling and Estimation

E. Hypothesis Testing

F. Correlation Analysis and Regression

G. Time Series Analysis

H. Simulation Analysis

I. Technical Analysis

III. Economics

A. Market Forces of Supply and Demand

B. The Firm and Industry Organization

C. Measuring National Income and Growth

D. Business Cycles

E. The Monetary System

F. Inflation

G. International Trade and Capital Flows

H. Currency Exchange Rates

I. Monetary and Fiscal Policy

J. Economic Growth and Development

K. Effects of Government Regulation

L. Impact of Economic Factors on Investment Markets

IV. Financial Reporting and Analysis

A. Financial Reporting System (IFRS and GAAP)

B. Principal Financial Statements

C. Financial Reporting Quality

D. Analysis of Inventories

E. Analysis of Long-Lived Assets

F. Analysis of Taxes

G. Analysis of Debt

H. Analysis of Off-Balance-Sheet Assets and Liabilities

I. Analysis of Pensions, Stock Compensation, and Other Employee Benefits

J. Analysis of Inter-Corporate Investments

K. Analysis of Business Combinations

L. Analysis of Global Operations

M. Ratio and Financial Analysis

V. Corporate Finance

A. Corporate Governance

B. Dividend Policy

C. Capital Investment Decisions

D. Business and Financial Risk

E. Long-Term Financial Policy

F. Short-Term Financial Policy

G. Mergers and Acquisitions and Corporate Restructuring

VI. Equity Investments

A. Types of Equity Securities and Their Characteristics

B. Equity Markets: Characteristics, Institutions, and Benchmarks

C. Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities

D. Equity Market Valuation and Return Analysis

E. Special Applications of Fundamental Analysis (Residual Earnings)

F. Equity of Hybrid Investment Vehicles

VII. Fixed Income

A. Types of Fixed-Income Securities and Their Characteristics

B. Fixed-Income Markets: Characteristics, Institutions, and Benchmarks

C. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis

D. Term Structure Determination and Yield Spreads

E. Analysis of Interest Rate Risk

F. Analysis of Credit Risk

G. Valuing Bonds with Embedded Options

H. Structured Products

VIII. Derivatives

A. Types of Derivative Instruments and Their Characteristics

B. Forward Markets and Instruments

C. Futures Markets and Instruments

D. Options Markets and Instruments

E. Swaps Markets and Instruments

F. Credit Derivatives Markets and Instruments

IX. Alternative Investments

A. Types of Alternative Investments and Their Characteristics

B. Real Estate

C. Private Equity/Venture Capital

D. Hedge Funds

E. Closely Held Companies and Inactively Traded Securities

F. Distressed Securities/Bankruptcies

G. Commodities

H. Tangible Assets with Low Liquidity

X. Portfolio Management and Wealth Planning

A. Portfolio Concepts

B. Management of Individual/Family Investor Portfolios

C. Management of Institutional Investor Portfolios

D. Pension Plans and Employee Benefit Funds

E. Investment Manager Selection

F. Other Institutional Investors

G. Mutual Funds, Pooled Funds, and ETFs

H. Economic Analysis and Setting Capital Market Expectations

I. Tax Efficiency

J. Asset Allocation (including Currency Overlay)

K. Portfolio Construction and Revision

L. Equity Portfolio Management Strategies

M. Fixed-Income Portfolio Management Strategies

N. Alternative Investments Management Strategies

O. Risk Management

P. Execution of Portfolio Decisions (Trading)

Q. Performance Evaluation

R. Presentation of Performance Results

Facts

History: Into Our Sixth Decade

First proposed by Benjamin Graham in 1942 as a member of the New York Society of Securities Analysts (NYSSA, founded 1937).

Founding members of CFA Institute include the world’s oldest corporate financial manager societies, the Investment Analysts Society of Chicago (founded 1925) and NYSSA

Recognition: Worldwide

The Economist ranked the CFA Program as the gold standard among investment analysis designations

Employers around the world recognize the value of the charter

CFA’s play leading roles in:

Investment companies
Mutual funds
Broker-dealer/investment banks
Banks
Consulting firms
Insurance companies
Pensions and foundations
Research and academic institutions

For further details visit: www.cfainstitute.org

Fee Schedule

CFA Program applicants pay an initial one-time enrollment fee. In addition, applicants are required to pay an exam registration fee.

Returning candidates pay only the exam registration fee.

The enrollment fee and the exam registration fee increase with each deadline.

December 2012 Examinations (Levels I)
All fees are in U.S. dollars.

Item	by 14 March 11:59 p.m. ET	by 22 August 11:59 p.m. ET	by 12 September 11:59 p.m. ET
Program Enrollment (new Level I only)	$420	$420	$505
Exam Registration	$650	$745	$1,005
CurriculumeBook version	save $40	save $40	save $40
Total	Past deadline	$1,125^‡Register now	$1,470^‡

Exam Format

Level I exams June / Level II exams Dec

Level I multiple choice questions are crafted with each of the incorrect responses (distracters) carefully constructed to represent common mistakes in either calculation or logic. A Level I examination consists of 240 questions to be completed in a six-hour time frame.

Level II exams: item set

The Level II CFA exam consists of 20 item sets — 10 on the morning session of the exam and 10 on the afternoon session.

Item sets are sometimes called “mini-cases.” Each item set on the CFA exam consists of a vignette (or case statement) and six multiple choice items (questions).

Level III exams: item set and essay

The Level III exam uses the essay format in the morning, and the item set format, with 10 item sets, in the afternoon.

The Level III essay exam is given in the morning session and has a maximum score of 180 points. The essay exam typically has 10–15 questions, and questions may have multiple parts. The points for each question and each question part are given in the exam.

NARAYANA INSTITUTE’S FEES DETAILS
CFA LEVEL I BATCHES:
NARAYANA INSTITUTE’S PROFESSIONAL TRAINING FOR CFA in Ahmedabad for Level-I December 2012 Exam: Starting from in 10th June 2012

The objective of this class program is to prepare candidates for CFA® Level I December 2012 CFA examination, & to create professionals, who can lead & foster creativity & innovation in a dynamic financial environment & to develop insight to students into practical analysis in a dynamic business environment.

Success in the professional exams is achieved by mastering the curriculum. There are no shortcuts, gimmicks, or tricks. Nothing short of a total commitment is the starting point.

Then through a combination of expert instruction, a comprehensive set of study aides and tools, and continual problem solving and exam simulation, Narayana Institute helps candidates achieve complete command through conceptual & logical clarity, on the professional exams.

Today, Narayana Institute is the leader in comprehensive CFA exam preparation in India.

CFA Preparation support from NARAYANA INSTITUTE’S Knowledge Group:

NARAYANA ‘S CFA (Level I) - 220 hrs Classroom Trainings
WEEKEND & CUSTOMISED BATCHES
CFA Material including Tests, Mock Tests, Formula Charts and Practice Question.
NARAYANA’S CFA Mock Test Series

Course Fees:

RS 25,000 PLUS SERVICE TAX.

BATCH SCHEDULE FOR December 2012 CFA Examinations

	LEVEL I
FOR December 2012 EXAMS
BATCH START DATE	10th June
COURSE COMPLETION BY	20^th October
MOCK TEST & REVISION	^{21th October to 15th November 2012}

CFA LEVEL II BATCHES:

NARAYANA INSTITUTE’S PROFESSIONAL TRAINING FOR CFA® Level-II June 2013 Exam: Starting in AUGUST 2012

The objective of this class program is to prepare candidates for CFA® Level II June 2013 examination, & to create professionals, who can lead & foster creativity & innovation in a dynamic financial environment & to develop insight to students into practical analysis in a dynamic business environment.

Success in the professional exams is achieved by mastering the curriculum. There are no shortcuts, gimmicks, or tricks. Nothing short of a total commitment is the starting point.

Today, Narayana Institute is the leader in comprehensive CFA exam preparation in India.

CFA Preparation support from NARAYANA INSTITUTE’S Knowledge Group:

NARAYANA ‘S CFA (Level II) - 220 hrs Classroom Trainings
WEEKEND & CUSTOMISED BATCHES
CFA Material including Tests, Mock Tests, Formula Charts and Practice Question.
NARAYANA’S CFA Mock Test Series

Course Fees:
RS 30,000 PLUS SERVICE TAX.

CFA LEVEL III BATCHES:

NARAYANA INSTITUTE’S PROFESSIOANL TRAINING FOR CFA® Level-III June 2013 Exam: Starting in AUGUST '2012

The objective of this class program is to prepare candidates for CFA® Level III June 2011 examination, & to create professionals, who can lead & foster creativity & innovation in a dynamic financial environment & to develop insight to students into practical analysis in a dynamic business environment.

Success in the professional exams is achieved by mastering the curriculum. There are no shortcuts, gimmicks, or tricks. Nothing short of a total commitment is the starting point.

Today, Narayana Institute is the leader in comprehensive CFA exam preparation in India.

CFA Preparation support from NARAYANA INSTITUTE’S Knowledge Group:

NARAYANA ‘S CFA (Level III) - 220 hrs Classroom Trainings
WEEKEND & CUSTOMISED BATCHES
CFA® Material including Tests, Mock Tests, Formula Charts and Practice Question.
NARAYANA’S CFA® Mock Test Series

Course Fees:
RS 35,000 PLUS SERVICE TAX.

www.narayanainstitute.com

CFA (US)

Program

Benefits

Course of Study

Curriculum

II. Quantitative Methods

III. Economics

IV. Financial Reporting and Analysis

V. Corporate Finance

VI. Equity Investments

VII. Fixed Income

VIII. Derivatives

IX. Alternative Investments

X. Portfolio Management and Wealth Planning

Facts

Fee Schedule

Program Enrollment
(new Level I only)

Exam Registration

CurriculumeBook version

Total

Exam Format

Quick Inquiry

Allumni Speaks

Follow Us

Why You Should Choose Us?

CFA (US)

II. Quantitative Methods

III. Economics

IV. Financial Reporting and Analysis

V. Corporate Finance

VI. Equity Investments

VII. Fixed Income

VIII. Derivatives

IX. Alternative Investments

X. Portfolio Management and Wealth Planning

Program Enrollment (new Level I only)

Exam Registration

CurriculumeBook version

Total

Quick Inquiry

Allumni Speaks

Follow Us

Why You Should Choose Us?

Program Enrollment
(new Level I only)