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U.S. CFA Course

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Business and Economics

Finance

U.S. CFA Course

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U.S. CFA Course

Name: U.S. CFA Course
Price: 1794 ZAR
Rating: 4 (5 reviews)

The U.S. CFA Course delivers comprehensive preparation across all core competencies tested in the CFA Programme, from quantitative methods and financial reporting to portfolio management and derivatives. Designed for finance professionals serious about earning the charterholder designation, this course builds the analytical depth and ethical grounding employers demand.

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What you will learn:

You will master the full CFA curriculum, covering ethics, quantitative methods, financial reporting, corporate finance, equity and fixed income valuation, derivatives, and portfolio management. You will learn to analyse financial statements, build DCF and relative valuation models, and assess credit and interest rate risk. The course also covers alternative investments, ESG integration, behavioural finance, and macroeconomic frameworks. Supplementary modules on financial modelling and exam strategy sharpen both your technical skills and your test-day execution. By the end, you will have the knowledge and confidence to pursue all three CFA exam levels and advance your investment career.

How you study in practice U.S. CFA Course

How you practise U.S. CFA Course

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Course content

8 Chapters • 40 LessonsDuration between 4 and 360 hours (you decide)

Chapter 1See details

CFA Program Overview and Ethics

Lesson 1 • Duties to Clients and Employers
Covers Standards III and IV on loyalty, prudence, fair dealing, and conflicts of interest. Connects fiduciary duty concepts to portfolio management and client advisory roles.
Lesson 2 • CFA Credential Structure and Levels
Covers the three-exam progression, eligibility requirements, and professional experience criteria. Anchors candidate motivation by clarifying the full path to charterholder status.
Lesson 3 • Professionalism and Integrity Standards
Examines Standards I and II covering knowledge of the law, independence, objectivity, and misrepresentation. Builds practical judgment for real-world compliance scenarios.
Lesson 4 • Global Investment Performance Standards
Introduces GIPS principles for fair performance presentation and composite construction. Demonstrates how ethical reporting standards protect investor trust.
Lesson 5 • Code of Ethics and Standards
Introduces the six components of the Code of Ethics and the seven Standards of Professional Conduct. Provides the ethical framework applied throughout all subsequent content areas.

Chapter 2See details

Quantitative Methods for Investment Analysis

Lesson 1 • Regression and Time Series Analysis
Covers simple and multiple linear regression, autocorrelation, and basic time series models. Supports factor model construction and return forecasting tasks.
Lesson 2 • Descriptive Statistics and Data Analysis
Teaches measures of central tendency, dispersion, skewness, and kurtosis for return distributions. Enables candidates to characterise and compare investment return profiles.
Lesson 3 • Time Value of Money Fundamentals
Covers present value, future value, annuities, and perpetuities with financial calculator application. Forms the computational base for fixed income, equity, and derivatives valuation.
Lesson 4 • Sampling, Estimation, and Hypothesis Testing
Introduces sampling distributions, confidence intervals, and parametric hypothesis tests. Equips candidates to evaluate research claims and back-test investment strategies.
Lesson 5 • Probability and Expected Value
Covers probability rules, conditional probability, Bayes' theorem, and expected return calculations. Provides the probabilistic reasoning needed for risk and scenario analysis.

Chapter 3See details

Financial Reporting and Analysis

Lesson 1 • Earnings Quality and Statement Adjustments
Identifies red flags for aggressive accounting, off-balance-sheet items, and non-recurring items. Enables analysts to restate financials for more accurate valuation inputs.
Lesson 2 • Financial Statement Structure and Mechanics
Explains the income statement, balance sheet, cash flow statement, and their interrelationships. Establishes the accounting framework underlying all subsequent analytical techniques.
Lesson 3 • Financial Ratio Analysis
Teaches liquidity, solvency, profitability, and efficiency ratios with cross-sectional benchmarking. Connects ratio trends to business model assessment and credit analysis.
Lesson 4 • Revenue Recognition and Expense Matching
Covers revenue recognition criteria, long-term contract methods, and expense capitalisation rules. Highlights how accounting choices affect reported earnings quality.
Lesson 5 • Long-Term Assets and Liabilities
Covers depreciation methods, impairment, lease classification, and pension obligation accounting. Prepares candidates to adjust reported figures for comparability across firms.

Chapter 4See details

Corporate Finance and Capital Allocation

Lesson 1 • Capital Budgeting Techniques
Covers NPV, IRR, payback period, and profitability index for project evaluation. Establishes the decision rules that link investment selection to shareholder value creation.
Lesson 2 • Corporate Governance and ESG
Introduces board structure, shareholder rights, agency conflicts, and ESG integration in governance. Prepares candidates to assess governance quality as a risk factor in analysis.
Lesson 3 • Cost of Capital Estimation
Teaches WACC construction, CAPM-based cost of equity, and cost of debt estimation. Provides the discount rate inputs required for all valuation models.
Lesson 4 • Dividends and Share Repurchases
Covers dividend policy theories, payout ratios, and buyback mechanics and signalling effects. Links payout decisions to capital allocation efficiency and investor preferences.
Lesson 5 • Capital Structure and Leverage
Examines operating leverage, financial leverage, and optimal capital structure theory. Connects leverage metrics to earnings volatility and credit risk assessment.

Chapter 5See details

Equity Investments and Valuation

Lesson 1 • Relative Valuation Multiples
Covers P/E, P/B, P/S, EV/EBITDA, and their drivers and limitations. Provides the comparative framework used in equity screening and investment banking contexts.
Lesson 2 • Free Cash Flow and DCF Valuation
Teaches FCFF and FCFE derivation, terminal value estimation, and sensitivity analysis. Enables candidates to value firms independent of dividend policy.
Lesson 3 • Dividend Discount Models
Covers Gordon Growth Model, multi-stage DDM, and H-model for dividend-paying equities. Builds the foundational discounted cash flow logic extended in subsequent valuation sections.
Lesson 4 • Industry and Competitive Analysis
Teaches Porter's Five Forces, industry life cycle, and competitive positioning frameworks. Connects qualitative industry assessment to quantitative earnings forecast inputs.
Lesson 5 • Equity Market Structure and Indices
Covers market organisation, trading mechanisms, short selling, and index construction methods. Provides the market context needed to interpret price signals and benchmark performance.

Chapter 6See details

Fixed Income Analysis and Valuation

Lesson 1 • Yield Measures and Spot Rates
Teaches yield to maturity, current yield, spot rates, and forward rate bootstrapping. Connects yield curve construction to bond valuation and relative value analysis.
Lesson 2 • Duration and Convexity
Covers Macaulay, modified, and effective duration plus convexity adjustment for price estimation. Provides the primary tools for measuring and hedging interest rate risk.
Lesson 3 • Credit Analysis and Ratings
Introduces credit rating frameworks, default probability, loss given default, and credit spreads. Enables candidates to assess issuer creditworthiness and price credit risk.
Lesson 4 • Structured and Securitised Products
Covers mortgage-backed securities, collateralised debt obligations, and prepayment risk modelling. Extends fixed income analysis to complex structured instruments.
Lesson 5 • Bond Characteristics and Pricing
Covers bond indenture features, coupon structures, and present value pricing mechanics. Establishes the foundational pricing framework for all fixed income instruments.

Chapter 7See details

Derivatives and Risk Management

Lesson 1 • Derivative Markets and Instruments
Covers exchange-traded versus OTC markets, forward commitments, and contingent claims taxonomy. Establishes the structural vocabulary for all subsequent derivative pricing topics.
Lesson 2 • Swap Valuation and Applications
Teaches interest rate swap pricing, currency swap mechanics, and equity swap structures. Demonstrates how swaps transform cash flow profiles for liability management.
Lesson 3 • Option Pricing and Strategies
Covers put-call parity, binomial model, Black-Scholes inputs, and the Greeks. Enables candidates to price options and construct protective and income-generating strategies.
Lesson 4 • Hedging Strategies and Risk Metrics
Covers delta hedging, minimum variance hedge ratios, and VaR for portfolio risk quantification. Integrates derivative tools into a comprehensive risk management framework.
Lesson 5 • Forward and Futures Pricing
Teaches cost-of-carry model, convenience yield, and futures basis for commodity and financial contracts. Connects no-arbitrage pricing logic to real-world futures market behaviour.

Chapter 8See details

Portfolio Management and Wealth Planning

Lesson 1 • Portfolio Theory and Efficient Frontier
Covers Markowitz mean-variance optimisation, correlation effects, and the efficient frontier. Establishes the theoretical basis for diversification and asset allocation decisions.
Lesson 2 • Asset Allocation and Multi-Asset Portfolios
Teaches strategic and tactical asset allocation, liability-relative approaches, and alternative asset roles. Enables candidates to construct diversified portfolios across equity, fixed income, and alternatives.
Lesson 3 • Portfolio Performance Evaluation
Covers Sharpe, Treynor, Jensen's alpha, and information ratio for risk-adjusted performance attribution. Closes the portfolio management cycle by linking outcomes to investment decisions.
Lesson 4 • Capital Market Theory and CAPM
Teaches the capital market line, security market line, beta estimation, and CAPM applications. Connects systematic risk measurement to required return and asset pricing.
Lesson 5 • Investment Policy Statement Development
Covers IPS components, risk and return objectives, constraints, and rebalancing guidelines. Provides the client-mandate framework that governs all portfolio decisions.

Certification

Your valid completion certificate

This course is for you:

Finance graduates: ready to formalise their investment knowledge professionally.
Junior analysts: seeking the credential that accelerates their promotion track.
Accountants: transitioning into investment roles requiring deeper market expertise.
Career changers: moving from engineering or law into asset management careers.
Wealth advisors: needing rigorous valuation and portfolio theory to serve clients.
MBA students: complementing their degree with a globally recognised investment credential.

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