KAPLAN SCHWESER CFA LEVEL 1 – QUESTION BANK


TABLE OF CONTENT
READING 1: ETHICS AND TRUST IN THE INVESTMENT PROFESSION ............................................................................. 1
READING 2: CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT ........................................................... 5
READING 3.1: GUIDANCE FOR STANDARDS I(A) AND I(B) ............................................................................................ 12
READING 3.2: GUIDANCE FOR STANDARDS I(C) AND I(D) ............................................................................................ 26
READING 3.3: GUIDANCE FOR STANDARDS II .............................................................................................................. 35
READING 3.4: GUIDANCE FOR STANDARDS III (A) AND III(B)........................................................................................ 50
READING 3.5: GUIDANCE FOR STANDARDS III(C), III(D) AND III(E)................................................................................ 63
READING 3.6: GUIDANCE FOR STANDARDS IV ............................................................................................................. 74
READING 3.7: GUIDANCE FOR STANDARDS V .............................................................................................................. 95
READING 3.8: GUIDANCE FOR STANDARDS VI ............................................................................................................. 112
READING 3.9: GUIDANCE FOR STANDARDS VII ............................................................................................................ 128
READING 4: INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS ........................................... 137
READING 5: THE GIPS STANDARDS.............................................................................................................................. 142
READING 6: THE TIME VALUE OF MONEY.................................................................................................................... 148
READING 7: DISCOUNTED CASH FLOW APPLICATIONS ................................................................................................ 170
READING 8: STATISCAL CONCEPTS AND MARKET RETURNS......................................................................................... 190
READING 9: PROBABILITY CONCEPTS .......................................................................................................................... 224
READING 10: COMMON PROBABILITY DISTRIBUTIONS................................................................................................ 257
READING 11: SAMPLING AND ESTIMATION................................................................................................................. 284
READING 12: HYPOTHEIS TESTING .............................................................................................................................. 310
READING 13: TECHNICAL ANALYSIS............................................................................................................................. 337
READING 14: TOPICS IN DEMAND AND SUPPLY ANALYSIS ........................................................................................... 344
READING 15: THE FIRM AND MARKET STRUCTURE ..................................................................................................... 355
READING 16: THE AGGREGATE OUTPUT, PRICES AND ECONOMIC GROWTH ............................................................... 384
READING 17: UNDERTANDING THE BUSINESS CYCLES ................................................................................................. 396
READING 18: MONETARY AND FISCAL POLICY ............................................................................................................ 407
READING 19: INTERNATIONAL TRADE AND CAPITAL FLOWS ....................................................................................... 429

READING 20: CURRENCY EXCHANGE RATES ................................................................................................................ 444
READING 21: FINANCIAL STATEMENT ANALYSIS – AN INTRODUCTION ........................................................................ 455
READING 22: FINANCIAL REPORTING STANDARDS ...................................................................................................... 461


READING 23: UNDERSTANING INCOME STATEMENTS ................................................................................................. 468
READING 24: UNDERSTANDING BALANCE SHEETS ....................................................................................................... 523
READING 25: UNDERSTANDING CASH FLOW STATEMENTS ......................................................................................... 537
READING 26: FINANCIAL ANALYSIS TECHNIQUES ......................................................................................................... 571
READING 27: INVENTORIES ......................................................................................................................................... 612
READING 28: LONG-LIVED ASSETS ............................................................................................................................... 639
REAEDING 29: INCOME TAXES ..................................................................................................................................... 656
READING 30: NON-CURRENT (LONG-TERM) LIABILITIES............................................................................................... 676
READING 31: FINANCIAL REPORTING QUALITY ............................................................................................................ 692
READING 32: FINANCIAL STATEMENT ANAALYSIS – APPLICATIONS ............................................................................. 698
READING 33: CORPORATE GOVERNANCE AND ESG – AN INTRODUCTION.................................................................... 708
READING 34: CAPITAL BUDGETING.............................................................................................................................. 714
READING 35: COST OF CAPITAL ................................................................................................................................... 731
READING 36: MEASURES OF LEVERAGE ....................................................................................................................... 760
READING 37: WORKING CAPITAL MANAGEMENT ........................................................................................................ 771
READING 38: PORTFOLIO MANAGEMENT – AN OVERVIEW ......................................................................................... 783
READING 39: PORTFOLIO RISK AND RETURN PART I .................................................................................................... 788
READING 40: PORTFOLIO RISK AND RETURN PART II ................................................................................................... 808


READING 1: ETHICS AND TRUST IN THE INVESTMENT PROFESSION

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