Level II : 2015 - 2016 Program Changes The 2016 Level II curriculum has 56 readings. The major changes are in Portfolio Management. For any questions or comments please email us at
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Notes and Key
Topic
Ethics
Quantitative Methods
Economics
FRA
Corporate Finance
2015 # 2015 Reading Name 1 Code of Ethics and Professional Standards 2 Guidance for Standards I–VII 3 CFA Institute Research Objectivity Standards 4 The Glenarm Company 5 Preston Partners 6 Super Selection 7 Trade Allocation: Fair Dealing and Disclosure 8 Changing Investment Objectives
Red Green Yellow
2016 # 1 2 3 4 5 6 7 8
Removed New/Added Updated 2016 Reading Name Code of Ethics and Professional Standards Guidance for Standards I–VII CFA Institute Research Objectivity Standards The Glenarm Company Preston Partners Super Selection Trade Allocation: Fair Dealing and Disclosure Changing Investment Objectives
9 10 11
Correlation and Regression Multiple Regression and Issues in Regression Analysis Time-Series Analysis
9 10 11 12
Correlation and Regression Multiple Regression and Issues in Regression Analysis Time-Series Analysis Excerpt from “Probabilistic Approaches: Scenario
12 13 14
Currency Exchange Rates: Determination and Forecasting Economic Growth and the Investment Decision Economics of Regulation
13 14 15
Currency Exchange Rates: Determination and Forecasting Economic Growth and the Investment Decision Economics of Regulation
15 16 17 18 19 20 21
Inventories: Implications for Financial Statements and Ratios Long-lived Assets: Implications for Financial Statements and ratios Intercorporate Investments Employee Compensation: Post Employment and Share-Based Multinational Operations Evaluating Quality of Financial Reports Integration of Financial Statement Analysis Techniques
16 17 18 19 20 21 22
Inventories: Implications for Financial Statements and Ratios Long-lived Assets: Implications for Financial Statements and ratios Intercorporate Investments Employee Compensation: Post Employment and Share-Based Multinational Operations Evaluating Quality of Financial Reports Integration of Financial Statement Analysis Techniques
22 23 24 25 26 27
Capital Budgeting Capital Structure Dividends and Share Repurchases: Analysis Corporate Performance, Governance, and Business Ethics Corporate Governance Mergers and Acquisitions
23 24 25 26 27 28
Capital Budgeting Capital Structure Dividends and Share Repurchases: Analysis Corporate Performance, Governance, and Business Ethics Corporate Governance Mergers and Acquisitions
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Comments
Minor LOS change
Level II : 2015 - 2016 Program Changes Topic
2015 # 2015 Reading Name
2016 # 2016 Reading Name
28 29 30 31 32 33 34 35 36 37
Equity Valuation: Applications and Processes Return Concepts The Five Competitive Forces That Shape Strategy Your Strategy Needs a Strategy Industry and Company Analysis Discounted Dividend Valuation Free Cash Flow Valuation Market-Based Valuation: Price and Enterprise Value Multiples Residual Income Valuation Private Company Valuation
29 30 31 32 33 34 35 36 37 38
Equity Valuation: Applications and Processes Return Concepts The Five Competitive Forces That Shape Strategy Your Strategy Needs a Strategy Industry and Company Analysis Discounted Dividend Valuation Free Cash Flow Valuation Market-Based Valuation: Price and Enterprise Value Multiples Residual Income Valuation Private Company Valuation
38 39 40 41
Private Real Estate Investments Publicly Traded Real Estate Securities Private Equity Valuation A Primer on Commodity Investing
39 40 41 42
Private Real Estate Investments Publicly Traded Real Estate Securities Private Equity Valuation A Primer on Commodity Investing
Fixed Income
42 43 44 45 46
The Term Structure and Interest Rate Dynamics The Arbitrage-Free Valuation Framework Valuation and Analysis: Bonds with Embedded Options Credit Analysis Models Introduction to Asset-Backed Securities
43 44 45 46
The Term Structure and Interest Rate Dynamics The Arbitrage-Free Valuation Framework Valuation and Analysis: Bonds with Embedded Options Credit Analysis Models
Derivatives
47 48 49 50 51 52
Forward Markets and Contracts Futures Markets and Contracts Option Markets and Contracts Swap Markets and Contracts Interest Rate Derivative Instruments Credit Default Swaps
47 48 49 50 51 52
Forward Markets and Contracts Futures Markets and Contracts Option Markets and Contracts Swap Markets and Contracts Interest Rate Derivative Instruments Credit Default Swaps
Portfolio Management
53 54 55 56
Portfolio Concepts Residual Risk and Return: The Information Ratio The Fundamental Law of Active Management The Portfolio Management Process and the Investment Policy Statement
53 54 55 56
An Introduction to Multifactor Models Analysis of Active Portfolio Management Economics and Investment Markets The Portfolio Management Process and the Investment Policy Statement
Equity
Alternative Investments
Need help with CONVERTIBLE BONDS , INTEREST RATE SWAPS , DELTA HEDGING or other mystified topics?
Watch IFT's short DEMYSTIFIED VIDEOS Click Above or visit: http://ift.world/demystified-videos-level-ii/
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Comments
Minor LOS changes
