Banish test anxiety before taking Level II of the CFA certification exam
Wiley's Level II CFA Program 11th Hour Final Review Study Guide 2023 is a concise summary of the concepts covered on Level II of the CFA certification exams. Rather than act as a primary study tool, the book offers an effective and efficient way to review the subjects covered by the exam.
The book covers:
- · Ethical and professional standards
- · Financial analysis tools, including quantitative methods, economics, and financial reporting and analysis
- · Portfolio management and analysis, including corporate finance
- · Assets, including equity investments, derivatives, fixed income, and alternative investments
Table of Contents
Foreword vii
Quantitative Methods (QM)
Learning Module 1: Basics of Multiple Regression and Underlying Assumptions 3
Learning Module 2: Evaluating Regression Model Fit and Interpreting Model Results 5
Learning Module 3: Model Misspecification 8
Learning Module 4: Extensions of Multiple Regression 10
Learning Module 5: Time-Series Analysis 12
Learning Module 6: Machine Learning 21
Learning Module 7: Big Data Projects 25
Economics (EC)
Learning Module 1: Currency Exchange Rates: Understanding Equilibrium Value 33
Learning Module 2: Economic Growth 43
Learning Module 3: Economics of Regulation 49
Financial Statement Analysis (FSA)
Learning Module 1: Intercorporate Investments 55
Learning Module 2: Employee Compensation: Post-Employment and Share-Based 63
Learning Module 3: Multinational Operations 74
Learning Module 4: Analysis of Financial Institutions 83
Learning Module 5: Evaluating Quality of Financial Reports 86
Learning Module 6: Integration of Financial Statement Analysis Techniques 95
Learning Module 7: Financial Statement Modeling 97
Corporate Issuers (CI)
Learning Module 1: Analysis of Dividends and Share Repurchases 103
Learning Module 2: Environmental, Social, and Governance (ESG) Considerations in Investment Analysis 111
Learning Module 3: Cost of Capital: Advanced Topics 113
Learning Module 4: Corporate Restructuring 118
Equity Valuation (EQ)
Equity Valuation (Curriculum Book 3)
Learning Module 1: Equity Valuation: Applications and Processes 123
Learning Module 2: Discounted Dividend Valuation 127
Equity Valuation (Curriculum Book 4)
Learning Module 1: Free Cash Flow Valuation 135
Learning Module 2: Market-Based Valuation: Price and Enterprise Value Multiples 140
Learning Module 3: Residual Income Valuation 148
Learning Module 4: Private Company Valuation 152
Fixed Income (FI)
Learning Module 1: The Term Structure and Interest Rate Dynamics 159
Learning Module 2: Arbitrage-Free Valuation Framework 165
Learning Module 3: Valuation and Analysis of Bonds with Embedded Options 168
Learning Module 4: Credit Analysis Models 176
Learning Module 5: Credit Default Swaps 180
Derivatives (DR)
Learning Module 1: Pricing and Valuation of Forward Commitments 189
Learning Module 2: Valuation of Contingent Claims 196
Alternative Investments (AI)
Learning Module 1: Overview of Types of Real Estate Investment 215
Learning Module 2: Investments in Real Estate through Private Vehicles 220
Learning Module 3: Investments in Real Estate through Publicly Traded Securities 225
Learning Module 4: Private Equity Investments 229
Learning Module 5: Introduction to Commodities and Commodity Derivatives 238
Portfolio Management (PM)
Portfolio Management (Curriculum Book 5)
Learning Module 1: Exchange-Traded Funds: Mechanics and Applications 249
Learning Module 2: Using Multifactor Models 252
Learning Module 3: Measuring and Managing Market Risk 257
Learning Module 4: Backtesting and Simulation 262
Portfolio Management (Curriculum Book 6)
Learning Module 1: Economics and Investment Markets 265
Learning Module 2: Analysis of Active Portfolio Management 272
Learning Module 3: Trading Costs and Electronic Markets 278
Ethical and Professional Standards (ET)
Learning Module 1: Code of Ethics and Standards of Professional Conduct 283
Learning Module 2: Guidance for Standards I-VII 283
Learning Module 3: Application of the Code and Standards 283
