Syllabus
CFA Level II Exam Prep Course
111 lessons. Online and self-paced.
Quantitative Investment Methods
Develop regression, time-series, and machine-learning tools for evaluating investment evidence and model reliability.
- 1Multiple Regression Coefficient Interpretation
- 2Regression Fit and Statistical Inference
- 3Regression Misspecification and Remedies
- 4Regression Influence Diagnostics
- 5Logistic Regression Interpretation
- 6Stationary Time-Series Forecasting
- 7Unit Roots and Cointegration
- 8Seasonality and Conditional Variance
- 9Machine Learning Model Selection
- 10Investment Data Preparation
Economics
Apply currency valuation and economic growth frameworks to investment forecasts.
- 11Exchange Rate Quotation Mechanics
- 12Covered Interest Rate Parity
- 13Purchasing Power and Uncovered Parity
- 14Currency Valuation and Policy Effects
- 15Production Functions and Growth Accounting
- 16Potential Output and Sustainable Growth
- 17Growth Models and Convergence
- 18Structural Drivers of Economic Growth
Financial Statement Analysis
Adjust and interpret financial reports to evaluate economic performance, reporting quality, and valuation inputs.
- 19Financial Asset Investment Accounting
- 20Equity Method Investment Analysis
- 21Business Combinations and Consolidation
- 22Share-Based Compensation Analysis
- 23Post-Employment Benefit Analysis
- 24Foreign Currency Transaction Exposure
- 25Current Rate and Temporal Translation
- 26Multinational Reporting Adjustments
- 27Bank Analysis Using CAMELS
- 28Insurance Company Financial Analysis
- 29Financial Reporting Quality Assessment
- 30Earnings Persistence and Cash Quality
- 31Earnings Normalization and Forecasting
- 32Balance Sheet and Cash Flow Adjustments
Corporate Finance
Evaluate payout policy, governance, financing costs, and restructuring decisions from an investor perspective.
- 33Dividend Policy and Coverage
- 34Share Repurchases and Shareholder Value
- 35Ownership Structures and Governance Risk
- 36ESG Integration in Valuation
- 37Equity Risk Premium Estimation
- 38Company Cost of Capital
- 39Corporate Restructuring Alternatives
- 40Restructuring Valuation and Financial Effects
Equity Valuation
Select and apply equity valuation models while testing the consistency of forecasts and market evidence.
- 41Equity Valuation Model Selection
- 42Gordon Growth Dividend Valuation
- 43Multistage Dividend Discount Models
- 44FCFF and FCFE Derivation
- 45Free Cash Flow Forecasting
- 46Multistage Cash Flow Valuation
- 47Earnings Normalization and Price Multiples
- 48Comparative and Justified Multiple Valuation
- 49Residual Income Valuation Foundations
- 50Continuing Residual Income Valuation
- 51Private Company Earnings Adjustments
- 52Private Company Valuation Models
- 53Control and Marketability Adjustments
Fixed Income
Value debt securities using term structures, arbitrage-free models, option analysis, and credit-risk frameworks.
- 54Spot Curves and Bootstrapping
- 55Yield Curve Dynamics and Theories
- 56Arbitrage-Free Bond Valuation
- 57Interest Rate Trees and Calibration
- 58Pathwise and Simulation Bond Valuation
- 59Callable and Putable Bond Valuation
- 60Option-Adjusted Spreads and Effective Risk
- 61Capped and Floored Floating-Rate Bonds
- 62Convertible Bond Valuation
- 63Default Probability and Expected Loss
- 64Structural and Reduced-Form Credit Models
- 65Credit-Risky Bond Valuation
- 66CDS Contracts and Credit Events
- 67CDS Pricing and Credit Strategies
Derivatives and Risk Management
Price forward commitments and contingent claims and evaluate their sensitivity to underlying risk factors.
- 68Carry Arbitrage and Forward Values
- 69Currency and Fixed-Income Forwards
- 70Futures Pricing and Contract Valuation
- 71Swap Pricing and Valuation
- 72Binomial Option Valuation
- 73Black–Scholes–Merton Option Valuation
- 74Option Greeks and Delta Hedging
- 75Interest Rate and Futures Options
Alternative Investments
Analyze commodity, real-estate, and hedge-fund investments using asset-specific return and risk frameworks.
- 76Commodity Markets and Price Drivers
- 77Commodity Futures Curve Returns
- 78Real Estate Investment Structures
- 79Property Valuation and Investment Returns
- 80REIT Earnings and Cash Measures
- 81Listed Real Estate Valuation
- 82Equity and Event-Driven Hedge Funds
- 83Relative-Value and Diversified Hedge Funds
Portfolio Construction
Connect economic expectations, active management, investment vehicles, and risk measurement to portfolio decisions.
- 84Economic Risks and Required Returns
- 85Business Cycles and Asset Markets
- 86Arbitrage Pricing and Multifactor Models
- 87Factor-Based Portfolio Risk and Performance
- 88Active Returns and Information Ratios
- 89Fundamental Law and Portfolio Constraints
- 90ETF Creation and Redemption
- 91ETF Costs and Portfolio Applications
- 92Value at Risk Estimation
- 93Sensitivity and Scenario Risk Measures
- 94Market Risk Limits and Capital Allocation
- 95Backtest Design and Historical Scenarios
- 96Simulation and Backtesting Biases
Ethical and Professional Standards
Apply the Code and Standards to investment scenarios and recommend procedures that support ethical conduct.
- 97Code and Professional Conduct Framework
- 98Professionalism and Independent Judgment
- 99Misrepresentation Misconduct and Competence
- 100Material Nonpublic Information
- 101Market Manipulation and Trading Integrity
- 102Client Loyalty and Fair Dealing
- 103Client Suitability Assessment
- 104Preservation of Client Confidentiality
- 105Fair Performance Presentation
- 106Employer Loyalty and Additional Compensation
- 107Supervisory Responsibilities and Controls
- 108Investment Research and Client Communications
- 109Conflicts Transaction Priority and Referrals
- 110CFA Candidate and Member Responsibilities
- 111Multi-Standard Ethical Decision Making