分类： （三区）注册金融分析师（CFA）资格认证证书考试资料试题

2009年11月（CFA）模拟题 – 2009 Level I Mock Exam: Morning Session

2009 Level I Mock Exam: Morning Session

The morning session of the 2009 Level I Chartered Financial Analyst
Mock
Examination has 120 questions. To best simulate the exam day experience, candidates
are advised to allocate an average of 1.5 minutes per question for a total of 180 minutes
(3 hours) for this session of the exam.

Questions Topic Minutes
1-18 Ethical and Professional Standards 27
19-32 Quantitative Methods 21
33-44 Economics 18
45-68 Financial Statement Analysis 36
69-78 Corporate Finance 15
79-90 Equity Investments 18
91-96 Derivative Investments 9
97-108 Fixed Income Investments 18
By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to
currently-registered CFA candidates. Candidates may view and print the exam for personal exam
preparation only. The following activities are strictly prohibited and may result in disciplinary and/or legal
action: accessing or permitting access by anyone other than currently-registered CFA candidates; copying,
posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose.

109-114 Alternative Investments 9
115-120 Portfolio Management 9
Total: 180

2009年11月（CFA）模拟题 – 2009 Level I Mock Exam: Afternoon Session ANSWERS AND REFERENCES

Questions 1 through 18 relate to Ethical and Professional Standards.

1. According to the Standards of Practice Handbook, which of the following statements
about fair dealing is least accurate? The Standard related to fair dealing:

A. states that members should treat all clients equally.
B. imposes a duty with respect to both clients and prospective clients.
C. pertains to both investment recommendations and investment actions.

Answer: A

“Guidance for Standards I-VII,” CFA Institute
2009 Modular Level I, Volume 1, pp. 53-58
Study Session 1-2-a
Demonstrate a thorough knowledge of the Code of Ethics and Standards of
Professional Conduct by applying the Code and Standards to situations involving
issues of professional integrity.

The Standard related to fair dealing states that all clients cannot be treated equally
because it is impossible to reach everyone simultaneously and each client has unique
needs and objectives.

2. An asset manager, a CFA charterholder, manages small-cap portfolios for
By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to
currently-registered CFA candidates. Candidates may view and print the exam for personal exam
preparation only. The following activities are strictly prohibited and may result in disciplinary and/or legal
action: accessing or permitting access by anyone other than currently-registered CFA candidates; copying,
posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose.

institutional clients. The manager is convinced, given the deteriorating economic
conditions, that as a group, small-cap equities will underperform during the next 12-
24 months. To preserve her client’s wealth, the manager sells small-cap equities that
she considers most vulnerable to price declines. After considerable research, the
manager buys large-cap equities that she believes are better positioned to weather the
expected economic downturn. The manager provides complete disclosure of these
trades to her clients after the purchase. Has the manager violated any CFA Institute
Standards of Professional Conduct?

2009年11月（CFA）模拟题 – 2009 Level I Mock Exam: Afternoon Session

The afternoon session of the 2009 Level I Chartered Financial Analyst
Mock
Examination has 120 questions. To best simulate the exam day experience, candidates
are advised to allocate an average of 1.5 minutes per question for a total of 180 minutes
(3 hours) for this session of the exam.

Questions Topic Minutes
1-18 Ethical and Professional Standards 27
19-32 Quantitative Methods 21
33-44 Economics 18
45-68 Financial Statement Analysis 36
69-78 Corporate Finance 15
79-90 Equity Investments 18
91-96 Derivative Investments 9
97-108 Fixed Income Investments 18

CFA Level 1 2008 Schweser QuickSheet影印版下载

critical concepts for exam success

CFA Level 1 2008考试重点概念汇总整理。

2008 CFA Level 1 Schweser’s Secret Sauce – CFA一级秘籍

原创的word版2008 CFA Level 1 quick sheet公式、数据速查表

word版2008 特许金融分析师CFA Level 1 quick sheet公式、数据速查表

ETHICAL AND PROFESSIONAL STANDARDS

I. Professionalism
A) Knowledge of the Law.
B) Independence and Objectivity.
C) Misrepresentation.
D) Misconduct.
II. Integrity of Capital Markets
A) Material Nonpublic Information.
B) Market Manipulation.
C) Plagiarism: Don’t use others’ work without reference and permission.
III. Duties to Clients
A) Loyalty, Prudence, and Care.
B) Fair Dealing.
C) Suitability.
D) Performance of Presentation.
E) Preservation of Confidentiality.
IV. Duties to Employers
A) Loyalty.
B) Additional Compensation Arrangements.
C) Responsibilities of Supervisors.
V. Investment Analysis, Recommendations, and Action
A) Diligence and Reasonable Basis.
B) Communication with Clients and Prospective Clients.
C) Record Retention.
VI. Conflicts of Interest
A) Disclosure of Conflicts.
B) Priority of Transactions.
C) Referral Fees
VII. Responsibilities as a CFA Institute Member or CFA Candidate
A) Conduct as Members and Candidates in the CFA Program.
B) Reference to CFA Institute, the CFA designation, and the CFA Program.

2008特许金融分析师（CFA）一级、二级、三级考试大纲

Study Session 2
Using examples and case studies, the readings in this study session show the
use of the CFA Institute Code of Ethics and Standards of Professional
Conduct as a body of principles for ethical reasoning and decision making. The
readings serve as effective aids in understanding and internalizing the values and
standards presented in the CFA Institute Standards of Practice Handbook. By
applying the Code and Standards to case study conflicts, the candidate will gain
experience identifying and explaining fundamental principles of conduct, which
then become tools for dealing with real world challenges.
The Asset Manager Code of Professional Conduct uses the basic tenets of the
CFA Institute Code of Ethics and Standards of Professional Conduct to establish
ethical and professional standards for firms managing client assets. The Asset
Manager Code of Professional Conduct also extends the Code and Standards to
address investment management firm practices regarding trading, compliance,
security pricing, and disclosure.
Reading 3: Ethics in Practice
The candidate should be able to:
a. summarize the ethical responsibilities required by each of the six provisions of the
Code of Ethics and the seven categories of the Standards of Professional Conduct;
b. interpret the Code of Ethics and Standards of Professional Conduct in situations
involving issues of professional integrity and formulate corrective actions where
appropriate.

2007年特许金融分析师（CFA）一级培训习题-6组MOCK EXAM

MOCK EXAM 23、MOCK EXAM 24、MOCK EXAM 25、MOCK EXAM 26、MOCK EXAM 27、MOCK EXAM 28，含答案

QUESTIONS 1 TROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS AND ARE ALLOCATED 27 MINUTES.
1.
Correct answer: D
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable conduct.
Selective disclosure occurs when companies discriminate in making material nonpublic information public. Selective disclosure raises insider trading concerns.

2.
Correct answer: B
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable conduct.
There is nothing to suggest that Wong does not have a reasonable basis for his conclusion related to Nolvec. However, by delaying the revision of his recommendation so that his brother can buy shares at a lower price, he has violated the CFA Institute Standards relating to duty to client, duty to employer, and priority of transactions.

3.
Correct answer: A
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable conduct.
Trading on the information is restricted as it relates to a tender offer; it is clearly material, nonpublic information. Tender offer (中文意思是“要约收购”)is the bid for buying the stock, which is the material information.

4.
Correct answer: D
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable conduct.
Members should disclose all matters that reasonably could be expected to impair the member’s objectivity.

5.
Correct answer: B

2008年特许金融分析师（CFA）二级培训班讲义全部课程10个课件下载

特许金融分析师（CFA）常用辞典

包含CFA词典.pdf CFA官方道德职业规范和行为准则（中文版）.pdf CFA字典.pdf 财务术语的中英对照.doc 简明经济学辞典.pdf

CFA会员(包括特许金融分析师(CFA)特许状持有人)和CFA考生（“会员和考生”）必须：
坚持正直、胜任、勤奋、尊重的做事原则，以合
乎职业道德的方式对待投资行业内的公众、客
户、潜在客户、雇主、雇员、同事以及其他全球
资本市场的参与者。
将投资行业的诚信和客户的利益置于个人利益之
上。
进行投资分析、提供投资建议、采取投资行动和
执行其他专业活动时，应保持合理的谨慎，做出
独立的职业判断。
履行并鼓励其他人履行职业道德规范，彰显其自
身和行业的信誉。
提升资本市场信誉，支持资本市场管理条例。
保持和提高专业胜任能力，努力保持和提高在其
他投资行业的专业胜任能力。

A:
A share Ａ股；甲类股份
abatement of tax 减税；减扣免税额
ABN AMRO Bank N.V. 荷兰银行
above-the-line expenditure 线上项目支出； 经常预算
支出
above-the-line receipt 线上项目收入； 经常预算收入
ABSA Asia Limited 南非联合亚洲有限公司
absolute change 绝对数值变更
absolute expenditure 实际开支
absolute guideline figure 绝对准则数字
absolute interest 绝对权益
absolute order of discharge 绝对破产解除令
absolute profit margin 绝对利润幅度
absolute value 实值；绝对值
absolutely vested interest 绝对既得权益
absorbed cost 已吸收成本；已分摊成本
absorption 吸收；分摊；合并
absorption rate 吸收率；摊配率；分摊率
ACB Finance Limited 亚洲商业财务有限公司
acceptable form of reciprocity 合理的互惠条件
acceptable rate 适当利率；适当汇率
acceptance agreement 承兑协议
acceptance for honour 参加承兑
acceptor 承兑人；接受人；受票人
acceptor for honour 参加承兑人
accident insurance 意外保险
Accident Insurance Association of Hong Kong 香港
意外保险公会