CFA® – Level I
Programme
- Enseigner les points clés des Learning Outcome Statements (LOS) qui composent le CFA
- Aborder chaque thème par des questions pour rapprocher en permanence les connaissances enseignées de la réalité de l’examen
- Vous conseiller dans votre méthode d’apprentissage et structurer votre préparation
- Vous aider à réussir un examen en anglais
1. Quantitative Methods part 1
- The time value of Money
- Discounted Cashflow Applications
- Statistical Concepts and Market Returns
- Probability Concepts
2. Quantitative Methods part 2
- Common Probability Distributions
- Sampling and Estimation
- Hypothesis Testing
3. Financial Reporting and Analysis part 1
- Introduction to financial statement analysis
- Financial reporting mechanisms
- Authorities and setting bodies
- The IASB conceptual framework
- IAS No.1
- Monitoring standards
4. Financial Reporting and Analysis part 2
- The income statement
- The balance sheet
- The cash flow statement
- Financial analysis techniques
5. Financial Reporting and Analysis part 3
- Inventories
- Long-lived assets
- Income tax
- Bonds
- Leasing
6. Financial Reporting Analysis part 4
- Earnings manipulations
- Accounting warning signs
- Cash flow manipulation
- Financial statement analysis: applications
7. Ethics
- Code of ethics
- Overview of the Standards of Professional Conduct
- Standard I: Professionalism
- Standard II: Integrity of capital markets
- Standard III: Duties to clients
- Standard IV: Duties to employees
- Standard V: Investment analysis, recommendation and actions
- Standard VI: Conflict of interest
- Standard VII: responsibilities as a CFA Institute member or CFA candidate
- The Professional Conduct Program
- Global Investment Performance Standards (GIPS)
8. Economics part 1
- International Trade and Capital Cashflows
- Currency Exchange Rates
- Aggregate Output, Prices and Economic Growth
- Understanding Business Cycles
- Monetary and Fiscal Policy
9. Economics part 2
- Demand and Supply Analysis: Introduction
- Demand and Supply Analysis: Consumer Demand
- Demand and Supply Analysis: The Firm
- The Firm and Market Structures
10. Corporate Finance
- The capital budgeting process
- The cost of capital
- Leverage
- Dividends and share repurchases
- Working capital management
- Corporate governance
11. Fixed income part 1
- Features of debt securities
- Risks associated with investing in bonds
- Overview of bond sectors and instruments
- Understanding yield spreads
12. Fixed income part 2
- Introduction to the valuation of debt securities
- Yield measures, spot rates and forward rates
- Introduction to the measurement of interest rate risk
- Fundamentals of credit analysis
13. Equity
- Market organization and structure
- Market indices
- Market efficiency
- Overview of equity securities
- Introduction to company and industry analysis
- Equity valuation
14. Derivatives
- Derivative markets and instruments
- Forward markets and contracts
- Futures markets and contracts
- Option markets and contracts
- Swap markets and contracts
- Risk management applications of option strategies
15. Alternative Investments
- Introduction to alternative investments
- Investing in commodities
16. Portfolio Management
- Portfolio management: an overview
- Portfolio risk and return
- Basic of portfolio planning and construction
1. Quantitative Methods part 1
- The time value of Money
- Discounted Cashflow Applications
- Statistical Concepts and Market Returns
- Probability Concepts
2. Quantitative Methods part 2
- Common Probability Distributions
- Sampling and Estimation
- Hypothesis Testing
3. Financial Reporting and Analysis part 1
- Introduction to financial statement analysis
- Financial reporting mechanisms
- Authorities and setting bodies
- The IASB conceptual framework
- IAS No.1
- Monitoring standards
4. Financial Reporting and Analysis part 2
- The income statement
- The balance sheet
- The cash flow statement
- Financial analysis techniques
5. Financial Reporting and Analysis part 3
- Inventories
- Long-lived assets
- Income tax
- Bonds
- Leasing
6. Financial Reporting Analysis part 4
- Earnings manipulations
- Accounting warning signs
- Cash flow manipulation
- Financial statement analysis: applications
7. Ethics
- Code of ethics
- Overview of the Standards of Professional Conduct
- Standard I: Professionalism
- Standard II: Integrity of capital markets
- Standard III: Duties to clients
- Standard IV: Duties to employees
- Standard V: Investment analysis, recommendation and actions
- Standard VI: Conflict of interest
- Standard VII: responsibilities as a CFA Institute member or CFA candidate
- The Professional Conduct Program
- Global Investment Performance Standards (GIPS)
8. Economics part 1
- International Trade and Capital Cashflows
- Currency Exchange Rates
- Aggregate Output, Prices and Economic Growth
- Understanding Business Cycles
- Monetary and Fiscal Policy
9. Economics part 2
- Demand and Supply Analysis: Introduction
- Demand and Supply Analysis: Consumer Demand
- Demand and Supply Analysis: The Firm
- The Firm and Market Structures
10. Corporate Finance
- The capital budgeting process
- The cost of capital
- Leverage
- Dividends and share repurchases
- Working capital management
- Corporate governance
11. Fixed income part 1
- Features of debt securities
- Risks associated with investing in bonds
- Overview of bond sectors and instruments
- Understanding yield spreads
12. Fixed income part 2
- Introduction to the valuation of debt securities
- Yield measures, spot rates and forward rates
- Introduction to the measurement of interest rate risk
- Fundamentals of credit analysis
13. Equity
- Market organization and structure
- Market indices
- Market efficiency
- Overview of equity securities
- Introduction to company and industry analysis
- Equity valuation
14. Derivatives
- Derivative markets and instruments
- Forward markets and contracts
- Futures markets and contracts
- Option markets and contracts
- Swap markets and contracts
- Risk management applications of option strategies
15. Alternative Investments
- Introduction to alternative investments
- Investing in commodities
16. Portfolio Management
- Portfolio management: an overview
- Portfolio risk and return
- Basic of portfolio planning and construction
Vincent Pracht

Analyste risques de marché chez BNP Paribas, titulaire d'un master en gestion des risques et des actifs, Vincent a passé les trois niveaux du CFA en 18 mois. Il enseigne la préparation au CFA et à l'examen Investment Foundations (anciennement Claritas).
Vincent Pracht anime également les formations :
- CFA® – Level II (Catalogue Certifications)
- CFA® – Level III (Catalogue Certifications)
- Investment Foundations® (Catalogue Certifications)
Christine Turpaud

Christine a 20 ans d'expérience en BFI, dont 10 ans en tant qu'analyste «fixed income» et 5 ans de Middle Office financements structurés. Elle a créé une société de valorisation de portefeuilles obligataires et de contrôle des transactions. Elle est responsable pour Bärchen de la préparation aux certifications professionnelles.
Christine Turpaud anime également les formations :
- CFA® – Level II (Catalogue Certifications)
- CFA® – Level III (Catalogue Certifications)
- Conformité et déontologie en société de gestion (Catalogue Marchés financiers)
- Ethics and Compliance in Portfolio Management (Catalogue English)
- Fundamentals of financial markets (Catalogue English)
- PRM® – Professional Risk Manager (Catalogue Certifications)
- Risk Management 2 : approche quantitative (Catalogue Marchés financiers)
Norberto Cordisco Respighi

Norberto est chargé de mission en gestion financière pour la Direction Générale du Groupe BNP Paribas. Il s'occupe notamment de l'analyse financière de projets d'acquisition, cessions et restructurations internes et de la gestion des capitaux propres du Groupe. Avant d'occuper ce poste, il était analyste risques de marché au sein de BNP Paribas Securities Services. Diplômé de Sciences Po Paris, Norberto a réussi les trois modules du CFA en 18 mois. Il enseigne la préparation au CFA depuis plusieurs années et il a été mentor de l'équipe qui a gagné l'IRC (Investment Reasearch Challenge) France en 2012 et 2013.
Norberto Cordisco Respighi anime également les formations :
- CFA® – Level II (Catalogue Certifications)
- CFA® – Level III (Catalogue Certifications)