2020年cfa三个级别的考纲，均已经新鲜出炉。相较2019年，每个级别都有不小的调整。今日泽稷教育cfa小编为你解读考纲变化，把握考试动态，不做无用功！
泽稷教育cfa小编为大家准备了一些备考资料，大家一起学习，共同进步。
在cfa一级考纲连续多年发生较大变化后，相较于2019年，2020年cfa一级考纲整体变化幅度较小，实质改变较少但细节调整较多。
首先，相较于2019年，各科目的考试比重未发生变化。
其次，凯发登录网址内容上，除了经济学（economics）、权益投资（equity investment）、其他类投资（alternative investments）无变化，其他部分细节调整较多。具体而言：
1.伦理道德与专业准则（ethical and professional standards）部分：
★reading 1.ethics and trust in the investment profession中：
√新增考纲：c.describe professions and how they establish trust;
√取消了对framework for ethical decision making的应用（apply）要求。
2.数量方法（quantitative methods）部分：
★删除整个reading.discounted cash flow applications
★reading 7.statistical concepts and market returns中，19相比18年考纲取消了对夏普比率（sharpe ratio）的计算和解释要求。
★reading 11.hypothesis testing中，新增考纲：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整体移动到组合管理（portfolio management）部分。
泽稷教育cfa小编为大家准备了一些备考资料，大家一起学习，共同进步。
3.公司财报分析（financial reporting analysis）
★reading 20.financial reporting standards中：
√删除4条考纲要求，分别为：
1.c.describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;
2.f.compare key concepts of financial reporting standards under ifrs and us generally accepted accounting principles(us gaap)reporting systems;
3.g.identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;
4.i.analyze company disclosures of significant accounting policies.
√取消财报准则设置机构的描述、对国际证监会组织的角色描述、财报的目标描述、财报的前提准备等要求。
★reading 21.understanding income statements中，删除原考纲要求：
√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;
★reading 26.long-lived assets中，删除原考纲要求：
√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 30.non-current(long-term)liabilities中，删除原考纲要求：
√h.determine the initial recognition,initial measurement,and subsequent measurement of finance leases;
√i.compare the disclosures relating to finance and operating leases;
泽稷教育cfa小编为大家准备了一些备考资料，大家一起学习，共同进步。
4.公司金融（corporate finance）部分：
★reading 32.capital budgeting，新增考纲：f contrast the npv decision rule to the irr decision rule and identify problems associated with the irr rule;
5.固定收益投资（fixed income）部分：
★reading 44.introduction to fixed-income valuation中，新增考纲：f calculate annual yield on a bond for varying compounding periods in a year;
6.衍生工具（derivatives）部分：
★reading 48.derivative markets and instruments中，新增考纲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中，
√新增考纲c.calculate a forward price of an asset with zero,positive,or negative net cost of carry;
√删除原考纲i.explain how the value of a european option is determined at expiration;
泽稷教育cfa小编为大家准备了一些备考资料，大家一起学习，共同进步。
7.投资组合（portfolio management）部分整体移动到其他类投资之后：
★reading 51.portfolio management:an overview中，新增考纲：b describe the steps in the portfolio management process;
★reading 52.portfolio risk and return:part i中，新增考纲：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中，新增考纲：h describe how environmental,social,and governance(esg)considerations may be integrated into portfolio planning and construction.
相关推荐：2020年 vs 2019年cfa一级考纲变化解读