inflow is equal to the lease payments (CFA, 2011). Another lease option the trucking client has is to record the leases as sales type leases. A sales type lease is similar to a direct financing lease, except upon inception of the lease; profit on a sale is recognized. The profit recorded at the beginning of the lease term is the present value of the lease payments, less the cost of the leased asset. Interest income is also recognized during the lease term (CFA, 2011). Under a sales type lease, the
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考 CFA level 1 的一点心得 此心得不适用于有很强金融背景的牛牛们,因为 CFA level 1 对于超级牛人可能 只需要几天时间复习一下就可以过了。那些非常认真每天读 notes 几个小时连续 准备三个月的同学也用不上,因为 CFA level 1 不难,只是知识点多,只要安排好时 间,一个一个 sub study session 看下去,把后面习题做了,第六本的六套题做完,那也 可以高枕无忧了。我的心得主要是帮助和我一样基础薄弱,时间紧张的同学。 我计算机科学专业,大四,只在大学里学过入门的会计和经济各一门,金融数学一 门,都属于扫盲级别的大众课程。外加参加过的 ACCA 六科的考试(1.1 到 2.3,和 CFA 差别很大,overlap 很少)。 8 月弄到 notes,9 月初的时候曾经看过 quantitative analysis 里面的 time value 部分, 看了半个 study session 就开始放羊了。然后一直到 11 月之前,都在忙着听 career talk,投简历,准备笔试面试等等,没有心思。准备面试的时候,翻过一部分 fixed income
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The following 18 questions relate to Ethical and Professional Standards.(27 minutes) 1. An analyst for a foreign branch of HB Investments, which is based in Lagos, has just issued a recommendation on an IPO. Unknown to the analyst, who is a CFA charterholder, members of her team manipulated the valuation model to increase the newly public company's stock price. She and all of the analysts on the team purchased shares of the oversubscribed IPO for their personal accounts and then purchased the remainder
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2015 CFA Program: Level I Errata 8 May 2015 To be fair to all candidates, CFA Institute does not respond directly to individual candidate inquiries. If you have a question concerning CFA Program content, please contact CFA Institute (info@cfainstitute.org) to have potential errata investigated. The eBook for the 2015 curriculum is formatted for continuous flow, so the text will fit all screen sizes. Therefore, eBook page numbering—which is linked to section heads—does not match page numbering
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relate to Ethical and Professional Standards. (27 minutes) 1. York Investment Advisers, which has publicly adopted the CFA Institute. Standards of Professional Conduct, has recently published a new marketing brochure highlighting the accomplishments of its investment professionals. Which of the following statements made in York's marketing brochure is a violation of Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program? A. Roger Langley, Chartered Financial Analyst, has
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Chapter 11 Managing Bond Portfolios 1. Duration can be thought of as a weighted average of the ‘maturities’ of the cash flows paid to holders of the perpetuity, where the weight for each cash flow is equal to the present value of that cash flow divided by the total present value of all cash flows. For cash flows in the distant future, present value approaches zero (i.e., the weight becomes very small) so that these distant cash flows have little impact, and eventually, virtually no impact
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Indian Pharma industry : Example Entities Involved CFA: most companies’ keep 1- 3 CFAs in each target Indian state and total CFAs are 25-35. Ranbaxy has 28 CFAs across India Stockist: 5-15 depending on city area Retail Pharmacy Basic Distribution structure Distribution chain of ABC company in Andhra Pradesh Typical Supply chain Distribution Structure Normally two types of supply chain models are followed: 1. Replenishment based model: This is most suited in a dynamic environment
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Product would be 0.333 percent. (Investopedia, 2015) Full employment does not actually mean every person in the country has a job. Full employment means that every member of the labor force that was actively seeking employment is now employed. This level of employment involves everyone except the chronically unemployed as well as members of the workforce that are now retired. The chronically unemployed include members of the workforce that are capable of working, but are unable to find a job due to
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South Olive Street, Los Angeles, CA 90071 Event Parking: Valet at Omni $12 CFA Society Los Angeles, Inc. is pleased to present the 2015 Annual Career Development Expo and Job Fair. In our presentation portion, this year’s Expo features seasoned speakers and a panel of CFALA members at various career stages and in various fields. Each will share special insights and best practices on making the right moves at every career level. For our interactive portion, we will host an official job fair with currently
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CONTENTS BONDS 1 STOCKS 6 OPTIONS 10 FUTURES 16 PORTFOLIO PERFORMANCE EVALUATION 20 INTERNATIONAL INVESTING 26 BONDS Page 480 –CFA Problems Questions #1 1. Leaf Products may issue a 10-year maturity fixed-income security, which might include a sinking fund provision and either refunding or call protection. a) Describe a sinking fund provision. The sinking fund provision allows the firm to repurchase a fraction of the outstanding bonds at either the market price or the sinking
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