每年CFA考綱變化都是CFA考試的重點(diǎn)。2020年CFA三個(gè)級別考綱已經(jīng)公布。與2019年相比，2020年各科目考試比重沒有變化，但每個(gè)級別都有細(xì)節(jié)上的調(diào)整。
推薦閱讀：【備考分享】CFA一級科目分析
2020年CFA一級科目權(quán)重變化情況：
2020年CFA一級考綱內(nèi)容變化情況：
考綱內(nèi)容上，除了經(jīng)濟(jì)學(xué)（Economics）、權(quán)益投資（Equity Investment）沒有變化，其他部分細(xì)節(jié)調(diào)整較多。具體而言：
倫理道德與專業(yè)準(zhǔn)則（Ethical and Professional Standards）
Reading 1.Ethics And Trust In The Investment Profession
[新增]
c.describe professions and how they establish trust;
e.explain proofesiionalism in investment managemnet;
[修改]
Reading 1.Ethics And Trust In The Investment Profession
g.distingish between ethical and legal standards; 原e.
取消了對framework for ethical decision making的應(yīng)用要求；
數(shù)量方法（Quantitative Methods）
Reading 7.Discounted Cash Flow Applications 整章刪除
Reading 8.Probability Concepts
[刪除]
k.calculate and interpret covariance and correlation;
[新增]
k.calculate and interpret covariance and correlation and interpret a scatterplot;
Reading 11.Hypothesis Testing
[新增]
k.formulate a test of the hypothesis that the population correlation coefficient equals zero and determine whether the hypothesis is rejected at a given level of significance;
原Reading 13.Technical Analysis整體移動(dòng)到組合管理（Portfolio Management）[修改]
公司財(cái)報(bào)分析（Financial Reporting Analysis）
Reading 20.Financial Reporting Standards
[刪除]
c.describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;
f.compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles(US GAAP)reporting systems;
g.identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;
i.analyze company disclosures of significant accounting policies；
取消財(cái)報(bào)準(zhǔn)則設(shè)置機(jī)構(gòu)的描述、對國際證監(jiān)會(huì)組織的角色描述、財(cái)報(bào)的目標(biāo)描述、財(cái)報(bào)的前提準(zhǔn)備等要求。
Reading 21.Understanding Income Statements
[刪除]
b.accrual accounting,specific revenue recognition applications(including accounting for long-term contracts,installment sales,barter transactions,gross and net reporting of revenue),and implications of revenue recognition principles for financial analysis;
d.describe key aspects of the converged accounting standards for revenue recognition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;
[增加]
b.describe general principles of revenue recognition and accounting standards for revenue recognition;
Reading 26.Long-lived Assets
[刪除]
o.explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;
p.explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.
Reading 28.Non-current(Long-term)Liabilities
[刪除]
g. distinguish between a finance lease and an operating lease from the perspectives of the lessor and the lessee;
h. determine the initial recognition,initial measurement,and subsequent measurement of finance leases;
i. compare the disclosures relating to finance and operating leases;
[增加]
g. explain the financial reporting of leases from a lessee’s perspective;
h. explain the financial reporting of leases from a lessor’s perspective;
公司金融（Corporate Finance）
Reading 32.Capital Budgeting
[增加]
f. contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;
固定收益投資（Fixed income）
Reading 44.Introduction to Fixed-Income Valuatio
[新增]
f. calculate annual yield on a bond for varying compounding periods in a year;
h. Calculate and interpret yield measures for money market instruments;
衍生工具（Derivatives）
Reading 48.Derivative Markets and Instruments
[新增]
d. determine the value at expiration and profit from a long or a short position in a call or put option;
Reading 49.Basics of Derivative Pricing and Valuation
[新增]
c.calculate a forward price of an asset with zero,positive,or negative net cost of carry;
[刪除]
i.explain how the value of a European option is determined at expiration;
另類投資（Alternative Investments）
Reading 50.Introduction to alternative investment;
[刪除]
b. describe categories of alternatives investment;
投資組合（Portfolio Management）
Reading 51.Portfolio Management:An Overview
[新增]
b. describe the steps in the portfolio management process;
e. Describeaspects of the asset management industry;
Reading 52.Portfolio Risk and Return:Part I
[新增]
b. compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures;
Reading 54.Basics of Portfolio Planning and Construction
[新增]
h. describe how environmental,social,and governance(ESG)considerations may be integrated into portfolio planning and construction;
同學(xué)們在CFA一級考試備考中如果有什么疑問，可以隨時(shí)來我們?nèi)谲S網(wǎng)校查詢，歡迎評論學(xué)習(xí)。
