EXPERTO EN ANÁLISIS FINANCIERO

CFA Level I 2021 - 2022 Curriculum
Subjects	Reading Nº	Reading Name
Quantitative Methods	1	The Time Value of Money
	2	Organizing, Visualizing, and Describing Data
	3	Probability Concepts
	4	Common Probability Distributions
	5	Sampling and Estimation
	6	Hypothesis Testing
	7	Introduction to Linear Regression
Economics	8	Topics in Demand and Supply Analysis
	9	The Firm and Market Structures
	10	Aggregate Output, Prices, and Economic Growth
	11	Understanding Business Cycles
	12	Monetary and Fiscal Policy
	13	International Trade and Capital Flows
	14	Currency Exchange Rates
Financial Reporting and Analysis	15	Introduction to Financial Statement Analysis
	16	Financial Reporting Standards
	17	Understanding Income Statements
	18	Understanding Balance Sheets
	19	Understanding Cash Flow Statements
	20	Financial Analysis Techniques
	21	Inventories
	22	Long-Lived Assets
	23	Income Taxes
	24	Non-Current (Long-Term) Liabilities
	25	Financial Reporting Quality
	26	Financial Statement Analysis: Applications
Corporate Finance	27	Introduction to Corporate Governance & Other ESG Considerations
	28	Uses of Capital
	29	Sources of Capital
	30	Cost of Capital - Foundational Topics
	31	Capital Structure
	32	Measures of Leverage
Equity	33	Market Organization and Structure
	34	Security Market Indexes
	35	Market Efficiency
	36	Overview of Equity Securities
	37	Introduction to Industry and Company Analysis
	38	Equity Valuation: Concepts and Basic Tools
Fixed Income	39	Fixed Income Securities: Defining Elements
	40	Fixed Income Markets: Issuance, Trading, and Funding
	41	Introduction to Fixed Income Valuation
	42	Introduction to Asset-Backed Securities
	43	Understanding Fixed Income Risk and Return
	44	Fudamentals of Credit Analysis
Derivatives	45	Derivative Markets and Instruments
	46	Basics of Derivative Pricing and Valuation
Alternative Investments	47	Introduction to Alternative Investments
Portfolio Management	48	Portfolio Management: An Overview
	49	Portfolio Risk and Return: Part I
	50	Portfolio Risk and Return: Part II
	51	Basics of Portfolio Planning and Construction
	52	The Behavioral Biases of Individuals
	53	Risk Management: An Introduction
	54	Technical Analysis
	55	FinTech in Investment Management
Ethical and Professional Standards	56	Ethics and Trust in the Investment Profession
	57	Code of ethics and Standards of Professional Conduct
	58	Guidance for Standards I-VII
	59	Introduction to the Global Investment Performance Standards (GIPS)
	60	Ethics Application

MÁSTER PROPIO EN ANÁLISIS Y GESTIÓN DE INVERSIONES

CFA Level II 2021 - 2022 Curriculum
Subjects	Reading No	Reading Name
Quantitative Methods	1	Introduction to Linear Regression
	2	Multiple Regression
	3	Time-Series Analysis
	4	Machine Learning
	5	Big Data Projects
Economics	6	Currency Exchange Rates: Understanding Equilibrium Value
	7	Economic Growth
	8	Economics of Regulation
Financial Reporting and Analysis	9	Intercorporate Investments
	10	Employee Compensation: Post-Emplyment and Share-Based
	11	Multinational Operations
	12	Analysis of Financial Institutions
	13	Evaluating Quality of Financial Reports
	14	Integration of Financial Statement Analysis Techniques
Corporate Finance	15	Capital Structure
	16	Analysis of Dividends and Share Repurchases
	17	Environmental, Social, & Governance Considerations in Investment Analysis
	18	Mergers and Acquisitions
	19	Capital Budgeting
Equity Valuation	20	Equity Valuation: Applications and Processes
	21	Return Concepts
	22	Industry and Company Analysis
	23	Discounted Dividend Valuation
	24	Free Cash Flow Valuation
	25	Market-Based Valuation: Price and Enterprise Value Multiples
	26	Residual Income Valuation
	27	Private Company Valuation
Fixed Income	28	The Term Structure and Interest Rate Dynamics
	29	The Arbitrage-Free Valuation Framework
	30	Valuation and Analysis: Bonds with Embedded Options
	31	Credit Analysis Models
	32	Credit Default Swaps
Derivatives	33	Pricing and Valuation of Forward Commitments
	34	Valuation of Contingent Claims
Alternative Investments	35	Real Estate Investments
	36	Private Equity Investments
	37	Introduction to Commodities and Commodity Derivatives
Portfolio Management	38	Exchange-Traded Funds: Mechanics and Applications
	39	Using Multifactor Models
	40	Measuring and Managing Market Risk
	41	Backtesting and Simulation
	42	Economics and Investment Markets
	43	Analysis of Active Portfolio Management
	44	Trading Costs and Electronic Markets
Ethical and Professional Standards	1	Code of Ethics and Standards of Professional Conduct
	2	Guidance for Standards I-VII
	3	Application of the Code and Standards: Level II