CFA一级考试(共180道选择题)
第一场考试(2小时15分钟):90道选择题,涵盖4个科目:道德和职业标准、定量方法、经济学、财务报表分析。
第二场考试(2小时15分钟):90道选择题,涵盖6个科目:企业发行人、权益投资、固定收益、衍生品、另类投资和投资组合管理。
每个选择题题目包含一个问题、题目陈述和/或表格以及三个选项(A、B、C)。题目的两种基本形式如下,所有问题分值相同,答错不扣分。
句子填空题,有三个选项
问答题,有三个选项
例题1:句子填空题
An analyst suspects that a company’s US GAAP financial statements may require adjustments because the company uses take-or-pay contracts. The most likely effect of the appropriate adjustments would be to increase the company’s:
A. return on assets.
B. debt-to-equity ratio.
C. interest coverage ratio.
例题2:问答题
An analyst suspects that a company’s US GAAP financial statements may require adjustments because the company uses take-or-pay contracts. Which of the following is most likely to increase as a result of the appropriate adjustments being made to the company’s financial statements?
A. Return on assets
B. Debt-to-equity ratio
C. Interest coverage ratio
样题测试
扫码查看CFA一级考试“模拟小测试”,通过20道样题详细了解考试题型。
一级考试样题测试,扫码打开链接
CFA三级考试(基于案例的选择题和论述题)
第一场考试(2小时12分钟):案例描述+论述题和选择题。
第二场考试(2小时12分钟):案例描述+选择题,共计44道选择题,每题3分。
具体科目的考核内容将随机出现在两场考试中,所有科目可能仅出现在第一场或者第二场考试中,也有可能在两场考试中都出现。每个案例在开始部分会提供科目说明和总分值。如以下示例,案例考核科目为经济学,题目总分值为15分:
TOPIC: ECONOMICS
TOTAL POINT VALUE OF THIS QUESTION SET IS 15 POINTS
样题参考
一个论述题中包含的多个问题可能是相互关联的。参考以下两个示例:
示例1
问题1为选择题:
The bond that best meets the advisor’s objective is:
(You will be asked to justify this response when answering the next question.)
A:Bond X.
B:Bond Y.
C:Bond Z.
问题2为相关的写作题:
Justify your previous response with two reasons.
Note: Each justification should be in a separate paragraph.
示例2
问题1为选择题:
Select the strategy that best meets the client’s requirements.
(You will be asked to explain why the other two strategies are less appropriate in the next question.)
A:Put spread
B:Covered call
C:Cashless collar
问题2为相关的写作题:
Explain why the two strategies not selected in the previous question are less appropriate, referencing two characteristics for each.
Note: Each strategy explanation, with its two characteristics, should be in a separate paragraph.
准备了三个案例,分别出自道德操守与专业行为准则、衍生品的风险管理应用、GIPS(全球投资业绩标准),共计18道选择题,作为三级考试中第二场考试的样题,仅供参考示例。
CFA三级考试样题测试,扫码打开链接