Many of our Imarticus Financial Analyst Program (IFAP) students go on to appear for Chartered Financial Analyst (CFA) exams, spurred on by what they have learnt in the IFAP program here at Imarticus. We often get asked for book recommendations from students who want to appear for the CFA exam. When you register for the CFA, you will already receive a lot of recommended readings and study notes to help you prepare. These are the materials you need to read on priority. Having said that, below are a few books we can recommend, should you be so inclined:
Kaplan CFA Basics: The Schweser Study Guide to Getting Started Bruce Kuhlman: As the title suggests, this book is aimed at starters that have not taken the CFA level 1 yet - it is ideal for students and other non-finance professionals who are getting into studying finance and accounting for the first time. This book is very easy to follow, and provides a very good overview of the main concepts of the CFA so that you do not get totally lost before starting your study. This book is rather expensive and if you have previously studied Finance or have experience working in Finance, we suggest you skip this book.
Schweser Studynotes for 2011 CFA Level 1 Exam (Volume 1-5 Plus Quick Sheet) Kaplan Schweser: These study notes are the most widely used and most effective to prepare you for the Level 1 exam; they also include notes for Levels 2 and 3. They are superb for reviews after you go through all the CFA study materials.
2010 Stalla CFA Level 1 Study System (Study Guides, Lecture Notes, Passmaster Cd, Multimedia Lecture Disc, Flashcards) Stalla Review for CFA Exams
Stalla is a CFA study provider that offers preparation courses for the CFA exam, and publishes quite good study guides to prep you for your CFA exam. The USP of the Stalla books is the software that comes with it. Some people may find reading easier, while others favor the use of more "interactive" ways of studying. If you are in the "other" category, these books are for you. They also have level 2 and level 3 books.
Equity Asset Valuation (CFA Institute Investment Series) Jerald E. Pinto, CFA:
This is a very important and rather popular book covering the four important features of equity valuation: DDM (dividend discount model), free cash flow models, price multiples, and residual income. It is not only good to help CFA study (level 2 in particular), but is also a reference book for valuation as it is done in the investment management industry. This book also stands out among its peers for having clear, worked-out examples to further help you understand.
Quantitative Investment Analysis (CFA Institute Investment Series) Richard A. DeFusco, CFA:
This book is worth mentioning because it does a brilliant job explaining and simplifying the statistics portion of the CFA exam. It also delves into the other CFA subjects such as statements analysis, time value of money, etc. but goes much deeper into the statistics area for those who are interested in this area in particular.
http://imarticuslearningeducationinstitute.weebly.com/home/studying-for-the-cfa-here-are-some-must-read-books
No comments:
Post a Comment