一般同学们在进行备考前都会先了解一下考纲的情况，我们很多的CFA®考生也是这么做的，因此泽稷小编这次就为大家带来了2020年CFA®一级考纲的内容介绍，各位同学可以一起来了解一下。

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       2020年CFA®一级考纲变动内容为：

       首先，相较于2019年，各科目的考试比重未发生变化。

       其次，考纲内容上，除了经济学（Economics）、权益投资（Equity Investment）、其他类投资（Alternative Investments）无变化，其他部分细节调整较多。具体而言：

       1.伦理道德与专业准则（Ethical and Professional Standards）部分：

       √Reading 1.Ethics And Trust In The Investment Profession中：

       新增考纲：c.describe professions and how they establish trust;

       取消了对framework for ethical decision making的应用（apply）要求。

       2.数量方法（Quantitative Methods）部分：

       √删除整个Reading.Discounted Cash Flow Applications

       √Reading 7.Statistical Concepts and Market Returns中，2020年相比2019年考纲取消了对夏普比率（Sharpe ratio）的计算和解释要求。

       √Reading 11.Hypothesis Testing中，新增考纲：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整体移动到组合管理（Portfolio Management）部分。

       3.公司财报分析（Financial Reporting Analysis）部分：

       √Reading 20.Financial Reporting Standards中：

       删除4条考纲要求，分别为：

       1.c.describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;

       2.f.compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles（US GAAP）reporting systems;

       3.g.identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;

       4.i.analyze company disclosures of significant accounting policies.

       取消财报准则设置机构的描述、对国际证监会组织的角色描述、财报的目标描述、财报的前提准备等要求。

       √Reading 21.Understanding Income Statements中，删除原考纲要求：

       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;

       √Reading 26.Long-lived Assets中，删除原考纲要求：

       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 30.Non-current（Long-term）Liabilities中，删除原考纲要求：

       h.determine the initial recognition,initial measurement,and subsequent measurement of finance leases;

       i.compare the disclosures relating to finance and operating leases;

       4.公司金融（Corporate Finance）部分：

       √Reading 32.Capital Budgeting，新增考纲：f contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;

       5.固定收益投资（Fixed income）部分：

       √Reading 44.Introduction to Fixed-Income Valuation中，新增考纲：f calculate annual yield on a bond for varying compounding periods in a year;

       6.衍生工具（Derivatives）部分：

       √Reading 48.Derivative Markets and Instruments中，新增考纲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中，

       新增考纲c.calculate a forward price of an asset with zero,positive,or negative net cost of carry;

       删除原考纲i.explain how the value of a European option is determined at expiration;

       7.投资组合（Portfolio Management）部分整体移动到其他类投资之后：

       √Reading 51.Portfolio Management:An Overview中，新增考纲：b describe the steps in the portfolio management process;

       √Reading 52.Portfolio Risk and Return:Part I中，新增考纲：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中，新增考纲：h describe how environmental,social,and governance（ESG）considerations may be integrated into portfolio planning and construction.

       关于CFA®一级考纲内容的讲解近先到这里了，同学可能够看出今年的CFA®一级考纲变动内容并不算多，下面就需要大家认真的准备CFA®备考了，同学们感兴趣的话可以试试我们泽稷网校的CFA®一级网课哦。

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