Hey Folks!
**CFA Institute has released the syllabus, LOS, and changes for 2022, and below are the high-level changes for level 1 **
If you are planning to give the exam in Feb or anytime in 2022 then please make a note of these changes and refer to the latest syllabus for preparation. Good luck!
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Most noticeable change is that Ethics is now the last topic, but that doesn’t fundamentally change content
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Some topics moving down the levels, i.e. Level 1 now has some ex-Level 2 topics, Level 2 now has some ex-Level 3 topics
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topic-by-topic observations:
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Level 1: 9 new readings 6 readings removed
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New
- Quantitative Methods: Introduction to Linear Regression
- Quantitative Methods: Organizing, Visualizing, and Describing Data
- Corporate Issuers: Corporate Finance is now Corporate Issuers and has had a curriculum reconfiguration in general
- Portfolio Management: The Behavioral Biases of Individuals
- Ethics: Ethics Application
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Removed
- Quantitative Methods: Statistical Concepts & Market Returns
- Corporate Finance: Capital Budgeting
- Corporate Finance: Cost of Capital
- Corporate Finance: Working Capital Management
- Ethics: Global Investment Performance Standards
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New
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Level 2: 1 new reading, 2 readings removed, 6 readings changed
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Changed
- Economics: Economic Growth
- Corporate Issuers: Environmental, Social, and Governance (ESG) Considerations in Investment Analysis
- Alternative Investments: Real Estate Investments
- Alternative Investments: Private Equity Investments
- Ethics: Application of the Code and Standards: Level II
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New
- Portfolio Management: Backtesting and Simulation
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Removed
- Quantitative Methods: Excerpt from “Probabilistic Approaches”
- Alternative Investments: Publicly Traded Real Estate Securities
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Changed
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Level 3: 2 new readings, 5 readings removed, 1 reading changed
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New
- Portfolio Management: Topics in Private Wealth Management
- Portfolio Management: Case Study in Risk Management: Institutional
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Changed
- Ethics: Application of the Code and Standards: Level III
- Removed
- Ethics: Professionalism in Investment Management
- Portfolio Management: The Behavioral Finance Perspective
- Portfolio Management: Taxes and Private Wealth Management in a Global Context
- Portfolio Management: Estate Planning in a Global Context
- Portfolio Management: Concentrated Single-Asset Positions
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New
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Level 1: 9 new readings 6 readings removed
Source credit- 300Hours
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