Study Notes for CFA® Level III – Ethical and Professional Standards – offered by AnalystPrep
Reading 29: Code of Ethics and Standards of Professional Conduct Los 29 a: Describe the structure of the CFA Institute Professional Conduct Program and the disciplinary review process for the enforcement of the CFA Institute Code of Ethics and Standards…
The General Principles of Conduct and the Asset Manager Code of Professional Conduct
Responsibilities to Clients The following is an excerpt from the 2022 CFA Institute Curriculum: The following are the responsibilities of managers to their clients. A manager must: Be professional and ethical at all times. Focus on the client’s benefit, not…
The Asset Manager Code of Conduct
The Asset Manager Code of Conduct (AMCC) is an extension of the Code of Ethics and Standards of Professional Conduct, but it applies to entire asset management firms rather than individuals. It’s relevant to asset managers overseeing client funds through…
Introduction to the study of the Code of Ethics and Standards of Professional Conduct
Many CFA program candidates find the Code of Ethics and Standards of Professional Conduct challenging, especially if English is their second language, as the exam is always in English. The language in the code and standards can seem complex. Below…
Professional Conduct Program
The Code and Standards are mandatory for all CFA Institute members and CFA Program candidates. The Professional Conduct Program (PCP) is overseen by the CFA Institute Board of Governors, and it, along with the Disciplinary Review Committee (DRC), ensures compliance…
Financial Modeling and Valuation for Post-Employment Benefits
Financial Modeling for DC Plans Modeling DC plan expenses is integrated within operating expense predictions. By forecasting SG&A (Selling, General, and Administrative) expenses, you are indirectly also modeling the DC plan expenses for employees within those operations. The reason this…
Effects of Post-Employment Benefits on Financial Statements
Post-employment benefits are provisions offered by employers to their retired employees. These benefits can have various implications on an organization’s financial statements. Nature of Post-Employment Benefits Types and Overview Post-employment benefits can be in the form of cash benefits like…
Share-Based Compensation in Financial Statement Modeling and Valuation
Share-based compensation is usually integrated into operating expenses on the income statement based on an employee’s role. When forecasting operating expenses or margins, analysts often implicitly consider share-based compensation. If, for instance, Research & Development (R&D) expense, which includes a…
Accounting for Share-Based Compensation
Share-based compensation is a form of remuneration where employees or other stakeholders are granted equity or options to acquire equity, often in the form of company stock. This method aligns the interests of employees with those of shareholders and does…
Study Notes for CFA® Level III – Alternative Investments for Portfolio Management – offered by AnalystPrep
Reading 27: Hedge Fund Strategies Los 27 a: Discuss how hedge fund strategies may be classified Los 27 b: Discuss investment characteristics, strategy implementation, and role in a portfolio of equity-related hedge fund strategies Los 27 c: Discuss investment characteristics,…
