Wiley's Level II CFA Program 11th Hour Final Review Study Guide 2023

by Unknown

• ISBN13: 9781119930679
• ISBN10: 1119930677
• Edition: 1st
• Format: Paperback
• Copyright: 2023-03-21
• Publisher: Wiley

Summary

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

Perfect for any prospective CFA Level II exam taker seeking to improve their confidence with the test’s subject matter, Wiley's Level II CFA Program 11th Hour Final Review Study Guide 2023 is a must-have resource for improving your retention and understanding of core concepts licensed CFAs use every day.

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