CFA Level II

Application of the CFA Institute Code of Ethics and Standards of Professional Conduct in complex situations, including case studies on conflicts of interest, professional misconduct, and ethical decision-making.

1. 1. Code of Ethics and Standards Overview
2. 2. Guidance for Standards I-VII
3. 3. Application of Standards in Practice
4. 4. Asset Manager Code and Research Objectivity

Advanced statistical techniques including multiple regression, time-series analysis, and machine learning applications in finance.

1. 1. Multiple Regression Analysis
2. 2. Time-Series Analysis
3. 3. Machine Learning in Finance
4. 4. Big Data and Quantitative Methods

Economic analysis for asset valuation including currency exchange rates, economic growth models, and analysis of monetary and fiscal policy impacts on financial markets.

1. 1. Currency Exchange Rates and Determination
2. 2. Economic Growth and Investment Decision
3. 3. Economics of Regulation
4. 4. Monetary and Fiscal Policy Analysis

In-depth analysis of financial statements including intercorporate investments, employee compensation, multinational operations, and evaluation of financial reporting quality.

1. 1. Intercorporate Investments
2. 2. Employee Compensation: Post-Employment Benefits
3. 3. Multinational Operations
4. 4. Analysis of Financial Institutions
5. 5. Evaluating Financial Reporting Quality

Advanced corporate finance including capital budgeting, optimal capital structure, corporate governance, mergers and acquisitions, and corporate restructuring.

1. 1. Capital Budgeting and Real Options
2. 2. Cost of Capital and Capital Structure
3. 3. Mergers, Acquisitions, and Corporate Restructuring
4. 4. Corporate Governance and ESG

Comprehensive equity valuation including discounted cash flow models, relative valuation, residual income models, and private company valuation techniques.

1. 1. Equity Valuation: Concepts and Tools
2. 2. Discounted Dividend and Free Cash Flow Models
3. 3. Market-Based Valuation: P/E, P/B, and EV Multiples
4. 4. Residual Income and Economic Profit Models
5. 5. Private Company Valuation

Advanced fixed income analysis including term structure models, credit analysis, securitization, and fixed income derivatives.

1. 1. Term Structure and Interest Rate Dynamics
2. 2. Valuation and Analysis of Bonds with Embedded Options
3. 3. Credit Analysis and Default Risk
4. 4. Credit Default Swaps and Credit Derivatives
5. 5. Securitization and Structured Products

Valuation and strategic applications of forwards, futures, options, and swaps including pricing models, hedging strategies, and risk management.

1. 1. Pricing and Valuation of Forward Contracts
2. 2. Futures Markets and Hedging Strategies
3. 3. Option Markets and Valuation Models
4. 4. Option Greeks and Risk Management
5. 5. Swap Markets and Valuation

Analysis of hedge funds, private equity, real estate, commodities, and infrastructure investments including valuation, due diligence, and portfolio considerations.

1. 1. Hedge Fund Strategies and Analysis
2. 2. Private Equity: Venture Capital and Buyouts
3. 3. Real Estate Investment and Valuation
4. 4. Commodities and Infrastructure Investments
5. 5. Alternative Investment Due Diligence

Advanced portfolio construction, risk management, and performance evaluation including behavioral finance, algorithmic trading, and wealth management.

1. 1. Portfolio Construction and Asset Allocation
2. 2. Risk Management and VaR
3. 3. Performance Measurement and Attribution
4. 4. Behavioral Finance and Investor Psychology
5. 5. Wealth Management and Private Clients