This course will cover the topics and body of knowledge that are specifically required under the current Charted Financial Analyst program curriculums. Key area of subjects will include, but not limited to: code of ethics and standards of professional conduct for investment professionals; global investment performance standards; investment analysis; fixed income; alternative investments; and risk management. The course will also prepare students for writing the CFA Level I exam.
1. Introduction to the Code of Ethics and Standards of Professional Conduct for investment professionals
2. Guidance for Standards of Professional Conduct I to VII
3. Application and practice of Code of Ethics and Standards of Professional Conduct
4. Global Investment Performance Standards
5. Financial reporting systems and monitoring
6. Elliott Wave Theory and Fibonacci numbers
7. Inter-market analysis on technical analysis and asset allocation
8. Optimal portfolio under Roy’s safety-first criterion
9. Volatility of yield spreads and return impact of spread changes
10. Corporate governance of public listed companies
11. Special considerations on evaluating high-yield, sovereign and municipal debt issuers and issues
12. Alternative investments
13. Risk management of alternative investments
14. Preparation for CFA Level I exam
Methods of Instruction
Lectures and seminar discussion
Means of Assessment
Midterm exam 30%
Cases and Exercises 15-25%
Class Assignments 10-15%
Final Exam 35%
Note: students who do not achieve a grade of at least 50% on the combined exam components will fail the course.
At the end of the course, the successful student should be able to:
1. describe the components of the Code of Ethics (the "Code") and Standards of Professional Conduct (the "Standards") for investment professionals;
2. explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each standard;
3. demonstrate the application of the Code and Standards under different scenarios;
4. distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and standards;
5. recommend practices and procedures designed to prevent violations of the Code and Standards;
6. explain the scope and key features of the Global Investment Performance Standards (GIPS) and the fundamentals of compliance;
7. describe major sections of the GIPS standards; explain how the GIPS standards are implemented for performance reporting;
8. explain the key principles of Elliott Wave Theory and the importance of Fibonacci numbers;
9. describe inter-market analysis relating to technical analysis and asset allocation;
10. select an optimal portfolio using Roy's safety-first criterion;
11. describe implications for financial analysis of different financial reporting systems and the importance of monitoring developments in financial reporting standards;
12. describe factors that influence the level and volatility of yield spreads, calculate the return impact of spread changes;
13. explain special considerations when evaluating the credit of high yield, sovereign and municipal debt issuers and issues;
14. describe issues in valuing and calculating returns on private equity, hedge funds, real estate and commodities; and
15. describe risk management of alternative investments.
FINC 3350 or FINC 3390 or equivalent with a grade of “C” or better
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.
Below shows how this course and its credits transfer within the BC transfer system.
A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.
For more information on transfer visit the BC Transfer Guide and BCCAT websites.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.