Differences between the 2013 and 2014 Level II curriculum

The 2013 Level II curriculum had 56 readings of which 49 are essentially unchanged. The 2014 Level II curriculum has 60 readings. The changes are shown below:

Ethics. Code of Ethics and Professional Standards has been updated.

Quantitative Methods. No changes

Financial Reporting and Analysis. Three readings have been updated: Inter-corporate Investments, Multinational Operations and The Lessons We Learned

Corporate Finance: No changes

Equity. Two readings have been added: Your Strategy Needs a Strategy, Industry and Company Analysis

Alternative Investments. One reading has been added: A Primer on Commodity Investing

Fixed Income. Fundamentals of Credit Analysis has been dropped because it is covered at Level I. Credit Analysis Models has been added.

Derivatives. Credit Derivatives: An Overview has been replaced by Credit Default Swaps

Portfolio Management. The Theory of Active Portfolio Management has been dropped. Residual Risk and Return: The Information Ratio and The Fundamental Law of Active Management have been added.

If you want to receive a file which shows how the specific readings numbers have changed write to us at: support@irfanullah.co

Good luck with your Level II studies.


Arif Irfanullah

Arif - My understanding is that the CFAI is currently taking comments for the 11th edition of the Code of Ethics and Standards of Professional Conduct, but that they have not yet been changed.

Were changes made to the curriculum even though the Code and Standards are still in the public comment period? Thanks.