1. Home
  2. CFA Institute
  3. CFA-Level-III Exam Syllabus

CFA Institute CFA-Level-III Exam Syllabus

CFA Institute CFA-Level-III Exam

CFA Level III Chartered Financial Analyst

Total Questions: 472

What is Included in the CFA Institute CFA-Level-III Exam?

Authentic information about the syllabus and an effective study guide is essential to go through the CFA Institute CFA-Level-III exam in the first attempt. The study guide of Study4Exam provides you with comprehensive information about the syllabus of the CFA Institute CFA-Level-III exam. You should get this information at the start of your preparation because it helps you make an effective study plan. We have designed this CFA Institute CFA Level III certification exam preparation guide to give the exam overview, practice questions, practice test, prerequisites, and information about exam topics that help to go through the CFA Institute CFA Level III Chartered Financial Analyst exam. We recommend you to the preparation material mentioned in this study guide to cover the entire CFA Institute CFA-Level-III syllabus. Study4Exam offers 3 formats of CFA Institute CFA-Level-III exam preparation material. Each format provides new practice questions in PDF format, web-based and desktop practice exams to get passing marks in the first attempt.

CFA Institute CFA-Level-III Exam Overview :

Exam Name CFA Level III Chartered Financial Analyst
Exam Code CFA-Level-III
Actual Exam Duration 180 minutes
Expected no. of Questions in Actual Exam 120
Official Information https://www.cfainstitute.org/en/programs/cfa/exam/level-iii
See Expected Questions CFA Institute CFA-Level-III Expected Questions in Actual Exam
Take Self-Assessment Use CFA Institute CFA-Level-III Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure

CFA Institute CFA-Level-III Exam Topics :

Section Objectives
Portfolio Management and Wealth Planning In this topic, we explain the fundamentals of portfolio and risk management, including return and risk measurement and portfolio planning and construction. We examine the needs of individual and institutional investors along with the range of available investment solutions. The capital asset pricing model is used to identify optimal risk in portfolios.
Alternative Investments This topic explores alternative investments, including hedge funds, private equity, real estate, commodities, and infrastructure. We cover the use of alternative investments for diversifications and higher returns. In this curriculum, we define alternative investments and the characteristics they have in common.
Derivatives In this section, we build the conceptual framework for understanding the basic derivatives and derivative markets. We then introduce essential features and valuation concepts for forward commitments such as forwards, futures, swaps, and contingent claims. Finally, we examine arbitrage, a critical concept that links derivative pricing to the price of the underlying asset.
Fixed Income In this topic, we explain how to describe fixed income securities and their markets, yield measures, risk factors, and valuation measurements and drivers. We also cover calculating yields, values of fixed income securities, the securitization of assets, the fundamentals of bond returns and risks, and basic principles of credit analysis.

 
Equity Investments Here we explore the characteristics of equity investments, security markets, and indexes and explain how to analyze industries, companies, and equity securities as well as the use of basic equity valuation models. Global equities are important for meeting longer-term growth and diversification objectives.
Corporate Issuers In this topic, we provide an introduction to corporate governance as well as investing and financing decisions. We present an overview of corporate governance along with a framework for understanding and analyzing corporate governance and stakeholder management. We also highlight the growing impact of environmental and social considerations in investing. We cover how companies make use of leverage and manage their working capital to meet short-term operational needs.
Financial Statement Analysis Here we provide a thorough explanation of financial reporting procedures and the standards that govern financial reporting disclosures, with an emphasis on basic financial statements and how alternative accounting methods affect those statements and the analysis of them. We examine primary financial statements and provide a general framework for conducting financial statement analysis.

 
Economics In this section, we introduce analysis of fundamental concepts of supply and demand for individual consumers and firms. We also cover the various market structures that firms operate in as well as macroeconomic concepts and principles, including aggregate output and income measurement, aggregate demand and supply analysis, and analysis of economic growth factors. The section concludes with coverage of the business cycle and its effect on economic activity.
Quantitative Methods In this section, we explore quantitative concepts and techniques used in financial analysis and investment decision making. We present descriptive statistics for conveying important data attributes, such as central tendency, location, and dispersion, and introduce characteristics of return distributions. The section also considers probability theory and its application in quantifying risk for investment decision making.
Ethical and Professional Standards The focus of this topic is ethics, related challenges to ethical behavior, and the role ethics and professionalism play in the investment industry. We provide a framework to support ethical decision making and examine CFA Institute Code of Ethics and Standards of Professional Conduct and Global Investment Performance Standards (GIPS®).

Updates in the CFA Institute CFA-Level-III Exam Syllabus:

CFA Institute CFA-Level-III exam questions and practice test are the best ways to get fully prepared. Study4exam's trusted preparation material consists of both practice questions and practice test. To pass the actual CFA Level III CFA-Level-III exam on the first attempt, you need to put in hard work on these CFA Institute CFA-Level-III questions that provide updated information about the entire exam syllabus. Besides studying actual questions, you should take the CFA Institute CFA-Level-III practice test for self-assessment and actual exam simulation. Revise actual exam questions and remove your mistakes with the CFA Level III Chartered Financial Analyst CFA-Level-III exam practice test. Online and windows-based formats of the CFA-Level-III exam practice test are available for self-assessment.