CFA LEVEL 1 EBOOK - 1

,Contents
1. Kaplan Schweser’s Path to Success
2. Welcome to the 2020 SchweserNotes™
3. Learning Outcome Statements (LOS)
4. Reading 1: Ethics and Trust in the Investment Profession
1. Exam Focus
2. Module 1.1: Ethics and Trust
3. Key Concepts
4. Answer Key for Module Quiz
5. Reading 2: Code of Ethics and Standards of Professional Conduct
1. Exam Focus
2. Module 2.1: Code and Standards
3. Answer Key for Module Quiz
6. Reading 3: Guidance for Standards I–VII
1. Exam Focus
2. Module 3.1: Guidance for Standards I(A) and I(B)
3. Module 3.2: Guidance for Standards I(C) and I(D)
4. Module 3.3: Guidance for Standard II
5. Module 3.4: Guidance for Standards III(A) and III(B)
6. Module 3.5: Guidance for Standards III(C), III(D), and III(E)
7. Module 3.6: Guidance for Standard IV
8. Module 3.7: Guidance for Standard V
9. Module 3.8: Guidance for Standard VI
10. Module 3.9: Guidance for Standard VII
11. Answer Key for Module Quizzes
7. Reading 4: Introduction to the Global Investment Performance Standards (GIPS®)
1. Exam Focus
2. Module 4.1: Introduction to GIPS
3. Key Concepts
4. Answer Key for Module Quiz
8. Reading 5: Global Investment Performance Standards (GIPS®)
1. Module 5.1: The GIPS Standards
2. Key Concepts
3. Answer Key for Module Quiz
9. Topic Assessment: Ethical and Professional Standards
10. Topic Assessment Answers: Ethical and Professional Standards
11. Reading 6: The Time Value of Money
1. Exam Focus
2. Module 6.1: EAY and Compounding Frequency
3. Module 6.2: Calculating PV and FV
4. Module 6.3: Uneven Cash Flows
5. Key Concepts
6. Answer Key for Module Quizzes
12. Reading 7: Statistical Concepts and Market Returns
1. Exam Focus
2. Module 7.1: Describing Data Sets
3. Module 7.2: Means and Variance
4. Module 7.3: Skew and Kurtosis

, 5. Key Concepts
6. Answer Key for Module Quizzes
13. Reading 8: Probability Concepts
1. Exam Focus
2. Module 8.1: Conditional and Joint Probabilities
3. Module 8.2: Conditional Expectations, Correlation
4. Module 8.3: Portfolio Variance, Bayes, and Counting Problems
5. Key Concepts
6. Answer Key for Module Quizzes
14. Reading 9: Common Probability Distributions
1. Exam Focus
2. Module 9.1: Uniform and Binomial Distributions
3. Module 9.2: Normal Distributions
4. Module 9.3: Lognormal Distribution, Simulations
5. Key Concepts
6. Answer Key for Module Quizzes
15. Reading 10: Sampling and Estimation
1. Exam Focus
2. Module 10.1: Central Limit Theorem and Standard Error
3. Module 10.2: Confidence Intervals and t-Distribution
4. Key Concepts
5. Answer Key for Module Quizzes
16. Reading 11: Hypothesis Testing
1. Exam Focus
2. Module 11.1: Hypothesis Tests and Types of Errors
3. Module 11.2: Tests of Means and p-Values
4. Module 11.3: Mean Differences, Difference in Means
5. Key Concepts
6. Answer Key for Module Quizzes
17. Topic Assessment: Quantitative Methods
18. Topic Assessment Answers: Quantitative Methods
19. Formulas
20. Appendices
21. Copyright

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