A-Plus Study Notes Title -- CFA 2013 Level II Certification: -- Samuel J. Gottlieb, CFP, CFA -- A-Plus Study Notes -- To my wife and our fantastic children who we love very much. -- About the Book: -- Sam L. Gottlieb -- From the TRP CFA TEAM. -- A few tips on taking the exam: -- List of Chapters -- Table of Contents -- Online Information to Know: -- Quantitative Methods: -- Economics: -- Financial Report and Analysis: -- Corporate Finance: -- Asset Valuation -- Equity Investments -- Fixed Income Investments -- Derivative Investments -- Portfolio Management -- FREE Glossary Access Option at http://www.financialexams.com -- Online Glossary Description -- Practice Questions and Answers -- CFA Program -- CFA Institute Exam Rules -- Complete the Exam: -- Make sure that you answer all questions -- This is very much part of your test: -- CFA Institute is quite serious about their exam rules, follow them. -- Taking the Exam -- STUDY SESSION 1 -- Ethical and Professional Standards: -- Reading Assignments -- Reading 1: Code of Ethics and Standards of Professional Conduct -- The candidate should be able to: -- Introduction -- Reading 2: Guidance for Standards I - VII -- The candidate should be able to: -- Introduction -- Standard I: Professionalism -- Standard II: Integrity of Capital Markets -- Standard III: Duties to Clients -- Standard IV: Duties to Employers -- Standard V: Investment Analysis, Recommendations, and Actions -- Standard VI: Conflicts of Interest -- Standard VII: Responsibilities as a CFA Member or CFA Candidate -- Reading 3: CFA Institute Soft Dollar Standards -- The candidate should be able to: -- Reading 4: CFA Institute Research Objectivity Standards -- The candidate should be able to: -- Introduction -- STUDY SESSION 2 -- Ethical and Professional Standards: Application -- Reading Assignments.

Using the CFA Study Session 2 assigned material create your own written answers for Readings 5 through 10. -- We have provided space for this task. -- Reading 5 The Glenarm Company -- Reading 6 Preston Partners -- The candidate should be able to: -- Reading 7 Super Selection -- The candidate should be able to: -- Reading 8 Trade Allocation: Fair Dealing and Disclosure -- The candidate should be able to: -- Reading 9 Case Study: Changing Investment Objectives -- The candidate should be able to: -- Reading 10 Prudence in Perspective -- STUDY SESSION 3 -- Quantitative Methods: -- Quantitative Methods For Valuation -- Reading Assignments -- Reading 11: Correlation and Regression -- Multiple regressions -- Regression equation -- Independent variable -- Regression analysis -- Regression coefficient -- Regression toward the mean -- The candidate should be able to: -- Reading 12: Multiple Regression and Issues in Regression Analysis -- Multiple regression -- Regression equation -- Independent variable -- Regression analysis -- Regression coefficient -- Regression toward the mean -- The candidate should be able to: -- Reading 13: Time Series Analysis -- The candidate should be able to: -- STUDY SESSION 4 -- Economics: -- Economics for Valuation -- Reading Assignments -- Reading 14 Currency Exchange Rates: Determination and Forecasting -- Learning Outcome Statements (LOS) -- Reading 15: Economic Growth and the Investment Decision -- Learning Outcome Statements (LOS) -- Reading 16: Economics of Regulation -- Learning Outcome Statements (LOS) -- STUDY SESSION 5 -- Financial Statement Analysis: -- Inventories and Long-lived Assets -- Reading Assignments -- Reading 17: Inventories: Implications for Financial Statements and Ratios -- The candidate should be able to: -- Reading 18: Long-lived Assets: Implications for Financial Statements and Ratios.

The candidate should be able to: -- STUDY SESSION 6 -- Financial Reporting and Analysis: -- Intercorporate Investments, Post-Employment and Share-Based Compensation, and Multinational Operations -- Reading Assignments -- Reading 19: Intercorporate Investments -- The candidate should be able to: -- Reading 20: Employee Compensation: Post-Employment and Share-Based -- The candidate should be able to: -- Reading 21: Multinational Operations -- The candidate should be able to: -- STUDY SESSION 7 -- Financial Statement Analysis: -- Pensions, Employee Stock Options, and Multinational Operations -- Reading Assignments -- Reading 22: The Lessons We Learn -- The candidate should be able to: -- Reading 23: Evaluating Financial Reporting Quality -- The candidate should be able to: -- Reading 24: Integration of Financial Statement Analysis Techniques -- The candidate should be able to: -- STUDY SESSION 8 -- Corporate Finance: -- Reading Assignments -- Reading 25: Capital Budgeting -- The candidate should be able to: -- Reading 26: Capital Structure -- The candidate should be able to: -- Reading 27: Dividends and Share Repurchases: Analysis -- The candidate should be able to: -- STUDY SESSION 9 -- Corporate Finance: -- Financing and Control Issues -- Reading Assignments -- Reading 28: Capital Governance -- Reading 29: Mergers and Acquisitions -- The candidate should be able to: -- STUDY SESSION 10 -- Equity Valuation -- Valuation Concepts -- Reading Assignments -- Reading 30: The Equity Valuation Process -- The candidate should be able to: -- Reading 31: Return Concepts -- The candidate should be able to: -- STUDY SESSION 11 -- Equity Valuation: -- Industry and Company Analysis in a Global Context -- Reading Assignments -- Reading 32: The Five Competitive Forces that Shape Strategy -- The candidate should be able to: -- Reading 33: Discounted Dividend Valuation.

The candidate should be able to: -- STUDY SESSION 12 -- Analysis of Equity Investments: -- Valuation Models and Issues -- Reading Assignments -- Reading 34: Free Cash Flow Valuation -- The candidate should be able to: -- Reading 35: Market-Based Valuation: Price and Enterprise Value Multiples -- The candidate should be able to: -- Reading 36: Residual Income Valuation -- The candidate should be able to: -- Reading 37: Private Company Valuation -- The candidate should be able to: -- STUDY SESSION 13 -- Alternative Investments: -- Reading Assignments -- Reading 38: Private Real Estate Investments -- The candidate should be able to: -- Reading 39: Publicly Traded Real Estate Securities -- The candidate should be able to: -- Reading 40: Private Equity Valuation -- The candidate should be able to: -- Reading 41: Investing in Hedge Funds: A Survey -- The candidate should be able to: -- STUDY SESSION 14 -- Analysis of Fixed Income: -- Valuation Models and Issues -- Reading Assignments -- Reading 42: Fundamentals of Credit Analysis -- The candidate should be able to: -- Reading 43: Term Structure and Volatility of Interest Rates -- The candidate should be able to: -- Reading 44: Valuing Bonds with Embedded Options -- The candidate should be able to: -- STUDY SESSION 15 -- Fixed Income: -- Structured Securities -- Reading Assignments -- Reading 45: Mortgage-Backed Sector of the Bond Market -- The candidate should be able to: -- Reading 46: Asset-Backed Sector of the Bond Market -- The candidate should be able to: -- Reading 47: Valuing Mortgage-Backed and Asset-Backed Securities -- The candidate should be able to: -- STUDY SESSION 16 -- Derivate Investments: -- Forwards and Futures -- Reading Assignments -- Reading 48: Forward Markets and Contracts -- The candidate should be able to: -- Reading 49: Futures Markets and Contracts.

The candidate should be able to: -- STUDY SESSION 17 -- Derivate Investments: -- Forwards and Futures -- Reading Assignments -- Reading 50: Option Markets and Contracts -- The candidate should be able to: -- Reading 51: Swap Markets and Contracts -- The candidate should be able to: -- Reading 52: Interest Rate Derivative Instruments -- The candidate should be able to: -- Reading 53: Credit Derivatives: An Overview -- The candidate should be able to: -- STUDY SESSION 18 -- Portfolio Management: -- Capital Market Theory and the Portfolio Management Process -- Reading Assignments -- Reading 54: Portfolio Concepts -- The candidate should be able to: -- Reading 55: The Theory of Active Portfolio Management -- The candidate should be able to: -- Reading 56: The Portfolio Management Process and the Investment Policy Statement -- The candidate should be able to:.