2023年CFA一级考纲变动有哪些？

发布时间：2022-08-10 09:11编辑：融跃教育CFA

2023年CFA一级考纲变动有哪些？在2023年CFA一级新考纲下，定量分析、财务报表分析、权益、固定收益、职业伦理考纲无变化。

2023年CFA一级新考纲变动

经济学：经济学2023年考纲新增加1个reading，内容为地缘政治相关。

新增内容：Geopolitics

The candidate should be able to:

describe geopolitics from a cooperation versus competition perspective.

describe geopolitics and its relationship with globalization.

describe tools of geopolitics and their impact on regions and economies.

describe geopolitical risk and its impact on investments.

1. 新增2个Reading，分别为Corporate Structures and Ownership公司结构和Business Models & Risks所有权、商业模型和风险。

Corporate Structures and Ownership

The candidate should be able to:

compare business structures and describe key features of corporate issuers.

compare public and private companies.

compare the financial claims and motivations of lenders and owners

Business Models & Risks

The candidate should be able to:

Describe key features and types of business models.

Describe expected relations between a company’s external environment, business model, and financing needs.

Explain and classify types of business and financial risks for a company

2. Uses Of Capital更改为Capital Investments，并增加了关于资本项目分类的相关内容：

describe types of capital investments made by companies.

3. Sources of Capital更改为Working Capital & Liquidity，增加了关于营运资本、流动性和短期融资需求之间关系相关内容：

explain expected relations between working capital, liquidity, and short-term funding needs (NEW).

4. Introduction To Corporate Governance And Other ESG Considerations 部分考纲进行调整，考纲中未阐述关于Corporate Governance，functions and responsibilities of BOD and its committees等部分内容要求。

衍生品：衍生品2023年考纲变动主要为内容顺序的调整，主体内容没有大幅的增减，将部分二级内容移到一级。

如：describe how swap contracts are similar to but different from a series of forward contracts

加重对于swap合约考察。

另类投资：另类投资2023年考纲无变化，只是把2022年考纲中的explain investment characteristics of private capital拆分成了 explain investment characteristics of private equity 和 explain investment characteristics of private debt。无本质区别，对考试无影响。

投资组合管理：投资组合管理2023年考纲变动为内容的部分更新。

1. 组合风险和收益Part I：更新content added to support risk management for international investment with currency risk。

更新国际投资中的货币风险管理内容。

2. Fintech in investment management中更新：updated contend to reflect recent evolution in decentralized finance（DeFi） and block chain.

更新了Fintech这一章节去中心化金融和区块链的最新发展。