CFA Level I Study Calendar Paper

CFA

®

CFA Level I Study Calendar | 2015
®

E XA M P R EP

2015

Study Calendar for Level I Essential Self Study and SchweserNotes

™

CFA Level I Curriculum Overview
®

The Level I CFA® Exam
The Level I exam consists of
240 questions: 120 in the morning session and 120 in the afternoon session. All Level I exam questions are multiplechoice with three possible answers. Each question stands alone; there are no multi-part questions or “double jeopardy” questions that would require a correct answer from a previous question. Each session lasts three hours
(180 minutes), so candidates have 1 ½ minutes per question on average.
All ten topic areas are tested in both the morning and afternoon sessions. Questions are divided by topic area, but a single
question may draw on concepts from more than one topic area.
The Level I exam is offered worldwide on the first Saturday in June and the first Saturday in December. The December exam is based on the same curriculum as the June exam.
The Level II and Level III exams are offered only in June.

MRKT-15563

CFA Institute provides the curriculum that is tested on the CFA® exams. The curriculum begins with the Candidate Body of Knowledge, which is based on feedback from practitioners and employers.
The Level I curriculum covers ten topic areas that are divided into 18 study sessions.
The ten topic areas for Level I are:
Topic

Study
Session

% of
Exam
Weight

1

15%

1. Ethical and Professional
Standards

Study
Session

% of
Exam
Weight

6. Portfolio Management

12

7%

13, 14

10%

15, 16

10%

Topic

2. Quantitative Methods

2, 3

12%

7. Securities Markets and
Equity Investments

3. Economics

4–6

10%

8. Fixed Income

4. Financial Reporting and Analysis

7–10

20%

9. Derivatives

17

5%

5. Corporate Finance

11

7%

10. Alternative Investments

18

4%

Each study session consists of one or more readings. An example of a study session is Quantitative Methods: Basic Concepts (Study Session 2), which includes the following readings:
• Reading 5: The Time Value of Money
• Reading 6: Discounted Cash Flow Applications
• Reading 7: Statistical Concepts and Market Returns
• Reading 8: Probability Concepts

Together with the four readings in Quantitative Methods: Applications (Study Session 3), these readings make up the topic area of Quantitative Methods.
Each reading has one or more learning outcome statements (LOS) associated with it. For example, the first three LOS for Reading 6: Discounted Cash Flow Applications indicate that you should be able to:
a. calculate and interpret the net present value (NPV) and the internal rate of return
(IRR) of an investment;
b. contrast the NPV rule to the IRR rule, and identify problems associated with the IRR rule;
c. calculate and interpret a holding period return (total return).

The purpose of the LOS is to indicate the knowledge, skills, and abilities you should get from the reading and the depth of topic knowledge required, especially the command words, such as “identify,” “contrast,” or “calculate and interpret.”
Each exam question is based on one or more LOS. The Level I curriculum includes more than
500 LOS. Not all of them can be tested in a single exam, but any LOS may be tested.
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CFA Level I Study Calendar | 2015
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The Kaplan Way
Kaplan’s commitment to excellence in education and helping students achieve their career goals set the foundation for what we call the Kaplan Way. The Kaplan Way is a comprehensive learning strategy that combines a scientific, evidence-based design philosophy with a straightforward educational approach to learning. Learning science is grounded in research that provides evidence on how people learn, and we utilize this learning science directly in the instructional design of our courses. The system is designed to help you, the student, achieve desired program outcomes efficiently and effectively by employing a three-phase learning strategy: Prepare ▸ Practice ▸ Perform®. All of these phases are aligned toward accomplishing specific objectives.

PREPARE
Acquire new knowledge through demonstration and examples.

The prepare phase of the Kaplan Way sets the foundation for the learning experience and is where you are first introduced to new knowledge through information and examples related to the lesson objective. The information includes vocabulary, facts, concepts, and principles related to the objective.
Whether presented through readings, live lectures, or video classes, prepare activities will provide you with the necessary tools to begin acquiring new knowledge. This phase will provide students with just what they need in order to begin the practice phase.

PRACTICE
Apply new knowledge through simulation and practice.

The second phase, practice, will provide you with an opportunity to apply what you have learned through additional activities, simulations, or questions.
Learning science has shown that reinforcing knowledge with practice is critical to mastery. This second phase allows you to practice solving problems utilizing the information you have already received in the prepare phase.
Practice will allow you to directly interact with new knowledge and skills, identify gaps in your performance, and build expertise. In the practice phase, you will receive feedback on your answers and can compare your answers to how experts would have addressed a similar challenge. The work (and rework) during the practice phase is essential to cementing developing practices and the earlier information for long-term retention. 2

PERFORM
Evaluate mastery of new knowledge and identify achieved outcomes.

Now that you have prepared and practiced, you are ready to perform and put your newly acquired knowledge to the test. In this final phase, you demonstrate your mastery of the objective by answering questions and solving problems. These problems are similar in difficulty to those seen during the examples in the prepare phase and the problems you actually worked on during the practice phase. The only difference is that you no longer receive guidance and feedback when solving the problems. Perform activities are designed to assess your level of mastery for your intended program outcomes and will identify what you have achieved.

CFA Level I Study Calendar | 2015
®

Study Session

1

Kaplan
Way

Reading/
Topic

Prepare

Readings
1&2

ETHICAL AND PROFESSIONAL STANDARDS
Ethical and Professional Standards

Mark
Complete

Task
Read Study Session 1, Readings 1 & 2 "Standards of Practice Handbook" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Readings
1&2

Prepare

Readings
3&4

1. Complete the Concept Checkers questions for Readings 1 & 2 "Standards of Practice Handbook" in your
SchweserNotes™.
2. Create a quiz for Readings 1 & 2 using SchweserPro™ QBank and name it "Practice: Readings 1 & 2" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Readings 1 & 2 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 1, Readings 3 & 4 "Introduction to the Global Investment Performance Standards (GIPS®)" and "Global Investment Performance Standards" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Readings
3&4

Perform

Ethical and
Professional
Standards

1. Complete the Concept Checkers questions for Readings 3 & 4 "Introduction to the Global Investment
Performance Standards (GIPS®)" and "Global Investment Performance Standards" in your SchweserNotes™.
2. Create a quiz for Readings 3 & 4 using SchweserPro™ QBank and name it "Practice: Readings
3 & 4" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Readings 3 & 4 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Ethical and Professional Standards in your SchweserNotes™ to test your knowledge of this topic area.

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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CFA Level I Study Calendar | 2015
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QUANTITATIVE METHODS

Study Session

2

Kaplan
Way

Reading/
Topic

Prepare

Reading 5

Basic Concepts

Mark
Complete

Task
Read Study Session 2, Reading 5 "The Time Value of Money" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 5

Prepare

Reading 6

1. Complete the Concept Checkers questions for Reading 5 "The Time Value of Money" in your
SchweserNotes™.
2. Create a quiz for Reading 5 using SchweserPro™ QBank and name it "Practice: Reading 5" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 5 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 2, Reading 6 "Discounted Cash Flow Applications" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 6

Prepare

Reading 7

1. Complete the Concept Checkers questions for Reading 6 "Discounted Cash Flow Applications" in your
SchweserNotes™.
2. Create a quiz for Reading 6 using SchweserPro™ QBank and name it "Practice: Reading 6" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 6 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 2, Reading 7 "Statistical Concepts and Market Returns" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 7

Prepare

Reading 8

1. Complete the Concept Checkers questions for Reading 7 "Statistical Concepts and Market Returns" in your
SchweserNotes™.
2. Create a quiz for Reading 7 using SchweserPro™ QBank and name it "Practice: Reading 7" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 7 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 2, Reading 8 "Probability Concepts" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 8

1. Complete the Concept Checkers questions for Reading 8 "Probability Concepts" in your SchweserNotes™.
2. Create a quiz for Reading 8 using SchweserPro™ QBank and name it "Practice: Reading 8" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified
LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 8 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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CFA Level I Study Calendar | 2015
®

QUANTITATIVE METHODS

Study Session

3

Kaplan
Way

Reading/
Topic

Prepare

Reading 9

Application

Mark
Complete

Task
Read Study Session 3, Reading 9 "Common Probability Distributions" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 9

Prepare

Reading 10

1. Complete the Concept Checkers questions for Reading 9 "Common Probability Distributions" in your
SchweserNotes™.
2. Create a quiz for Reading 9 using SchweserPro™ QBank and name it "Practice: Reading 9" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 9 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 3, Reading 10 "Sampling and Estimation" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 10

Prepare

Reading 11

1. Complete the Concept Checkers questions for Reading 10 "Sampling and Estimation" in your
SchweserNotes™.
2. Create a quiz for Reading 10 using SchweserPro™ QBank and name it "Practice: Reading 10" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 10 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 3, Reading 11 "Hypothesis Testing" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 11

Prepare

Reading 12

1. Complete the Concept Checkers questions for Reading 11 "Hypothesis Testing" in your SchweserNotes™.
2. Create a quiz for Reading 11 using SchweserPro™ QBank and name it "Practice: Reading 11" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 11 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 3, Reading 12 "Technical Analysis" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 12

Perform

Quantitative
Methods

1. Complete the Concept Checkers questions for Reading 12 "Technical Analysis" in your SchweserNotes™.
2. Create a quiz for Reading 12 using SchweserPro™ QBank and name it "Practice: Reading 12" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 12 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Quantitative Methods in your SchweserNotes™ to test your knowledge of this topic area.

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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CFA Level I Study Calendar | 2015
®

ECONOMICS

Study Session

4

Kaplan
Way

Reading/
Topic

Prepare

Reading 13

Microeconomics Analysis
Mark
Complete

Task
Read Study Session 4, Reading 13 "Demand and Supply Analysis: Introduction" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 13

Prepare

Reading 14

1. Complete the Concept Checkers questions for Reading 13 "Demand and Supply Analysis: Introduction" in your SchweserNotes™.
2. Create a quiz for Reading 13 using SchweserPro™ QBank and name it "Practice: Reading 13" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 13 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 4, Reading 14 "Demand and Supply Analysis: Consumer Demand" in your
SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 14

Prepare

Reading 15

1. Complete the Concept Checkers questions for Reading 14 "Demand and Supply Analysis: Consumer
Demand" in your SchweserNotes™.
2. C
 reate a quiz for Reading 14 using SchweserPro™ QBank and name it "Practice: Reading 14" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 14 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 4, Reading 15 "Demand and Supply Analysis: The Firm" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 15

Prepare

Reading 16

1. Complete the Concept Checkers questions for Reading 15 "Demand and Supply Analysis: The Firm" in your SchweserNotes™.
2. Create a quiz for Reading 15 using SchweserPro™ QBank and name it "Practice: Reading 15" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 15 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 4, Reading 16 "The Firm and Market Structures" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 16

1. Complete the Concept Checkers questions for Reading 16 "The Firm and Market Structures" in your
SchweserNotes™.
2. Create a quiz for Reading 16 using SchweserPro™ QBank and name it "Practice: Reading 16" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 16 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

6

CFA Level I Study Calendar | 2015
®

ECONOMICS

Study Session

5

Kaplan
Way

Reading/
Topic

Prepare

Reading 17

Macroeconomics Analysis
Mark
Complete

Task
Read Study Session 5, Reading 17 "Aggregate Output, Prices, and Economic Growth" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 17

Prepare

Reading 18

1. Complete the Concept Checkers questions for Reading 17 "Aggregate Output, Prices, and Economic
Growth" in your SchweserNotes™.
2. C
 reate a quiz for Reading 17 using SchweserPro™ QBank and name it "Practice: Reading 17" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 17 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 5, Reading 18 "Understanding Business Cycles" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 18

Prepare

Reading 19

1. Complete the Concept Checkers questions for Reading 18 "Understanding Business Cycles" in your
SchweserNotes™.
2. Create a quiz for Reading 18 using SchweserPro™ QBank and name it "Practice: Reading 18" for
future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 18 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 5, Reading 19 "Monetary and Fiscal Policy" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 19

1. Complete the Concept Checkers questions for Reading 19 "Monetary and Fiscal Policy" in your
SchweserNotes™.
2. Create a quiz for Reading 19 using SchweserPro™ QBank and name it "Practice: Reading 19" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 19 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

7

CFA Level I Study Calendar | 2015
®

ECONOMICS

Study Session

6

Kaplan
Way

Reading/
Topic

Prepare

Reading 20

Economics in a Global Context
Mark
Complete

Task
Read Study Session 6, Reading 20 "International Trade and Capital Flows" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 20

Prepare

Reading 21

1. Complete the Concept Checkers questions for Reading 20 "International Trade and Capital Flows" in your
SchweserNotes™.
2. Create a quiz for Reading 20 using SchweserPro™ QBank and name it "Practice: Reading 20" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 20 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 6, Reading 21 "Currency Exchange Rates" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 21

Perform

Economics

1. Complete the Concept Checkers questions for Reading 21 "Currency Exchange Rates" in your
SchweserNotes™.
2. Create a quiz for Reading 21 using SchweserPro™ QBank and name it "Practice: Reading 21" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 21 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Economics in your SchweserNotes™ to test your knowledge of this topic area.
Practice using the concepts from previous study sessions.

Review

Study
Sessions 1-6

1. Create a quiz using SchweserPro™ QBank for Study Sessions 1-6 and name it "Sessions 1-6" for future reference. Review your answers and assess your results using the Performance Tracker.*
2. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
3. C
 reate a quiz using SchweserPro™ QBank and name it “Review: Sessions 1-6” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

8

CFA Level I Study Calendar | 2015
®

Study Session

7

Kaplan
Way

Reading/
Topic

Prepare

Reading 22

FINANCIAL REPORTING AND ANALYSIS
An Introduction

Mark
Complete

Task
Read Study Session 7, Reading 22 "Financial Statement Analysis: An Introduction" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 22

Prepare

Reading 23

1. Complete the Concept Checkers questions for Reading 22 "Financial Statement Analysis: An Introduction" in your SchweserNotes™.
2. Create a quiz for Reading 22 using SchweserPro™ QBank and name it "Practice: Reading 22" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 22 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 7, Reading 23 "Financial Reporting Mechanics" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 23

Prepare

Reading 24

1. Complete the Concept Checkers questions for Reading 23 "Financial Reporting Mechanics" in your
SchweserNotes™.
2. Create a quiz for Reading 23 using SchweserPro™ QBank and name it "Practice: Reading 23" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 23 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 7, Reading 24 "Financial Reporting Standards" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 24

1. Complete the Concept Checkers questions for Reading 24 "Financial Reporting Standards" in your
SchweserNotes™.
2. Create a quiz for Reading 24 using SchweserPro™ QBank and name it "Practice: Reading 24" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 24 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

9

CFA Level I Study Calendar | 2015
®

Study Session

8

Kaplan
Way

Reading/
Topic

Prepare

Reading 25

FINANCIAL REPORTING AND ANALYSIS

Income Statements, Balance Sheets, and Cash Flows Statements
Mark
Complete

Task
Read Study Session 8, Reading 25 "Understanding Income Statements" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 25

Prepare

Reading 26

1. Complete the Concept Checkers questions for Reading 25 "Understanding Income Statements" in your
SchweserNotes™.
2. Create a quiz for Reading 25 using SchweserPro™ QBank and name it "Practice: Reading 25" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 25 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 8, Reading 26 "Understanding Balance Sheets" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 26

Prepare

Reading 27

1. Complete the Concept Checkers questions for Reading 26 "Understanding Balance Sheets" in your
SchweserNotes™.
2. Create a quiz for Reading 26 using SchweserPro™ QBank and name it "Practice: Reading 26" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 26 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 8, Reading 27 "Understanding Cash Flow Statements" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 27

Prepare

Reading 28

1. Complete the Concept Checkers questions for Reading 27 "Understanding Cash Flow Statements" in your
SchweserNotes™.
2. Create a quiz for Reading 27 using SchweserPro™ QBank and name it "Practice: Reading 27" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 27 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 8, Reading 28 "Financial Analysis Techniques" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 28

1. Complete the Concept Checkers questions for Reading 28 "Financial Analysis Techniques" in your
SchweserNotes™.
2. Create a quiz for Reading 28 using SchweserPro™ QBank and name it "Practice: Reading 28" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 28 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

10

CFA Level I Study Calendar | 2015
®

Study Session

9

Kaplan
Way

Reading/
Topic

Prepare

Reading 29

FINANCIAL REPORTING AND ANALYSIS
Inventories, Long-lived Assets, Income Taxes, and Non-current Liabilities

Mark
Complete

Task
Read Study Session 9, Reading 29 "Inventories" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 29

Prepare

Reading 30

1. Complete the Concept Checkers questions for Reading 29 "Inventories" in your SchweserNotes™.
2. Create a quiz for Reading 29 using SchweserPro™ QBank and name it "Practice: Reading 29" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 29 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 9, Reading 30 "Long-Lived Assets" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 30

Prepare

Reading 31

1. Complete the Concept Checkers questions for Reading 30 "Long-Lived Assets" in your SchweserNotes™.
2. Create a quiz for Reading 30 using SchweserPro™ QBank and name it "Practice: Reading 30" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 30 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 9, Reading 31 "Income Taxes" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 31

Prepare

Reading 32

1. Complete the Concept Checkers questions for Reading 31 "Income Taxes" in your SchweserNotes™.
2. Create a quiz for Reading 31 using SchweserPro™ QBank and name it "Practice: Reading 31" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 31 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 9, Reading 32 "Non-Current (Long-Term) Liabilities" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 32

1. Complete the Concept Checkers questions for Reading 32 "Non-Current (Long-Term) Liabilities" in your
SchweserNotes™.
2. Create a quiz for Reading 32 using SchweserPro™ QBank and name it "Practice: Reading 32" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 32 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

11

CFA Level I Study Calendar | 2015
®

Study Session

10

Kaplan
Way

Reading/
Topic

Prepare

Reading 33

FINANCIAL REPORTING AND ANALYSIS

Financial Reporting Quality and Financial Statement Analysis
Mark
Complete

Task
Read Study Session 10, Reading 33 "Financial Reporting Quality" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 33

Prepare

Reading 34

1. Complete the Concept Checkers questions for Reading 33 "Financial Reporting Quality" in your
SchweserNotes™.
2. Create a quiz for Reading 33 using SchweserPro™ QBank and name it "Practice: Reading 33" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 33 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 10, Reading 34 "Financial Statement Analysis: Applications" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 34

Financial
Perform Reporting and
Analysis

1. Complete the Concept Checkers questions for Reading 34 "Financial Statement Analysis: Applications" in your SchweserNotes™.
2. Create a quiz for Reading 34 using SchweserPro™ QBank and name it "Practice: Reading 34" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 34 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Financial Reporting and Analysis in your SchweserNotes™ to test your knowledge of this topic area.
Practice using the concepts from previous study sessions.

Review

Study
Sessions 1-10

1. Create a quiz using SchweserPro™ QBank for Study Sessions 1-10 and name it "Sessions 1-10" for future reference. Review your answers and assess your results using the Performance Tracker.*
2. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
3. C
 reate a quiz using SchweserPro™ QBank and name it “Review: Sessions 1-10” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

12

CFA Level I Study Calendar | 2015
®

Corporate Finance

Study Session

11

Kaplan
Way

Reading/
Topic

Prepare

Reading 35

Corporate Finance

Mark
Complete

Task
Read Study Session 11, Reading 35 "Capital Budgeting" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 35

Prepare

Reading 36

1. Complete the Concept Checkers questions for Reading 35 "Capital Budgeting" in your SchweserNotes™.
2. Create a quiz for Reading 35 using SchweserPro™ QBank and name it "Practice: Reading 35" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 35 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 11, Reading 36 "Cost of Capital" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 36

Prepare

Reading 37

1. Complete the Concept Checkers questions for Reading 36 "Cost of Capital" in your SchweserNotes™.
2. Create a quiz for Reading 36 using SchweserPro™ QBank and name it "Practice: Reading 36" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 36 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 11, Reading 37 "Measures of Leverage" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 37

Prepare

Reading 38

1. Complete the Concept Checkers questions for Reading 37 "Measures of Leverage" in your
SchweserNotes™.
2. Create a quiz for Reading 37 using SchweserPro™ QBank and name it "Practice: Reading 37" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 37 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 11, Reading 38 "Dividends and Share Repurchases: Basics" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 38

1. Complete the Concept Checkers questions for Reading 38 "Dividends and Share Repurchases: Basics" in your SchweserNotes™.
2. Create a quiz for Reading 38 using SchweserPro™ QBank and name it "Practice: Reading 38" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 38 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

13

CFA Level I Study Calendar | 2015
®

Corporate Finance

Study Session

11

Kaplan
Way

Reading/
Topic

Prepare

Reading 39

Corporate Finance

Mark
Complete

Task
Read Study Session 11, Reading 39 "Working Capital Management" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 39

Prepare

Reading 40

1. Complete the Concept Checkers questions for Reading 39 "Working Capital Management" in your
SchweserNotes™.
2. Create a quiz for Reading 39 using SchweserPro™ QBank and name it "Practice: Reading 39" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 39 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 11, Reading 40 "The Corporate Governance of Listed Companies: A Manual for Investors" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 40

Perform

Corporate
Finance

1. Complete the Concept Checkers questions for Reading 40 "The Corporate Governance of Listed
Companies: A Manual for Investors" in your SchweserNotes™.
2. C
 reate a quiz for Reading 40 using SchweserPro™ QBank and name it "Practice: Reading 40" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 40 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Corporate Finance in your SchweserNotes™ to test your knowledge of this topic area.

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

14

CFA Level I Study Calendar | 2015
®

PORTFOLIO MANAGEMENT

Study Session

12

Kaplan
Way

Reading/
Topic

Prepare

Reading 41

Portfolio Management

Mark
Complete

Task
Read Study Session 12, Reading 41 "Portfolio Management: An Overview" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 41

Prepare

Reading 42

1. Complete the Concept Checkers questions for Reading 41 "Portfolio Management: An Overview" in your
SchweserNotes™.
2. Create a quiz for Reading 41 using SchweserPro™ QBank and name it "Practice: Reading 41" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 41 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 12, Reading 42 "Portfolio Risk and Return: Part I" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 42

Prepare

Reading 43

1. Complete the Concept Checkers questions for Reading 42 "Portfolio Risk and Return: Part I" in your
SchweserNotes™.
2. Create a quiz for Reading 42 using SchweserPro™ QBank and name it "Practice: Reading 42" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 42 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 12, Reading 43 "Portfolio Risk and Return: Part II" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 43

1. Complete the Concept Checkers questions for Reading 43 "Portfolio Risk and Return: Part II" in your
SchweserNotes™.
2. Create a quiz for Reading 43 using SchweserPro™ QBank and name it "Practice: Reading 43" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 43 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

15

CFA Level I Study Calendar | 2015
®

PORTFOLIO MANAGEMENT

Study Session

12

Kaplan
Way

Reading/
Topic

Prepare

Reading 44

Portfolio Management

Mark
Complete

Task
Read Study Session 12, Reading 44 "Basics of Portfolio Planning and Construction" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 44

Perform

Portfolio
Management

1. Complete the Concept Checkers questions for Reading 44 "Basics of Portfolio Planning and Construction" in your SchweserNotes™.
2. Create a quiz for Reading 44 using SchweserPro™ QBank and name it "Practice: Reading 44" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 44 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Portfolio Management in your SchweserNotes™ to test your knowledge of this topic area.
Practice using the concepts from previous study sessions.

Review

Study
Sessions 1-12

1. Create a quiz using SchweserPro™ QBank for Study Sessions 1-12 and name it "Sessions 1-12" for future reference. Review your answers and assess your results using the Performance Tracker.*
2. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
3. C
 reate a quiz using SchweserPro™ QBank and name it “Review: Sessions 1-12” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

16

CFA Level I Study Calendar | 2015
®

EQUITY INVESTMENTS

Study Session

13

Kaplan
Way

Reading/
Topic

Prepare

Reading 45

Equity: Market Organization, Market Indices, and Market Efficiency
Mark
Complete

Task
Read Study Session 13, Reading 45 "Market Organization and Structure" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 45

Prepare

Reading 46

1. Complete the Concept Checkers questions for Reading 45 "Market Organization and Structure" in your
SchweserNotes™.
2. Create a quiz for Reading 45 using SchweserPro™ QBank and name it "Practice: Reading 45" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 45 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 13, Reading 46 "Security Market Indices" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 46

Prepare

Reading 47

1. Complete the Concept Checkers questions for Reading 46 "Security Market Indices" in your
SchweserNotes™.
2. Create a quiz for Reading 46 using SchweserPro™ QBank and name it "Practice: Reading 46" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 46 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 13, Reading 47 "Market Efficiency" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 47

1. Complete the Concept Checkers questions for Reading 47 "Market Efficiency" in your SchweserNotes™.
2. Create a quiz for Reading 47 using SchweserPro™ QBank and name it "Practice: Reading 47" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 47 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

17

CFA Level I Study Calendar | 2015
®

EQUITY INVESTMENTS

Study Session

14

Kaplan
Way

Reading/
Topic

Prepare

Reading 48

Equity Analysis and Valuation

Mark
Complete

Task
Read Study Session 14, Reading 48 "Overview of Equity Securities" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 48

Prepare

Reading 49

1. Complete the Concept Checkers questions for Reading 48 "Overview of Equity Securities" in your
SchweserNotes™.
2. Create a quiz for Reading 48 using SchweserPro™ QBank and name it "Practice: Reading 48" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 48 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 14, Reading 49 "Introduction to Industry and Company Analysis" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 49

Prepare

Reading 50

1. Complete the Concept Checkers questions for Reading 49 "Introduction to Industry and Company
Analysis" in your SchweserNotes™.
2. Create a quiz for Reading 49 using SchweserPro™ QBank and name it "Practice: Reading 49" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 49 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 14, Reading 50 "Equity Valuation: Concepts and Basic Tools" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 50

Perform

Equity
Investments

1. Complete the Concept Checkers questions for Reading 50 "Equity Valuation: Concepts and Basic Tools" in your SchweserNotes™.
2. Create a quiz for Reading 50 using SchweserPro™ QBank and name it "Practice: Reading 50" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 50 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Equity Investments in your SchweserNotes™ to test your knowledge of this topic area.
Practice using the concepts from previous study sessions.

Review

Study
Sessions 1-14

1. Create a quiz using SchweserPro™ QBank for Study Sessions 1-14 and name it “Sessions 1-14" for future reference. Review your answers and assess your results using the Performance Tracker.*
2. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
3. C
 reate a quiz using SchweserPro™ QBank and name it “Review: Sessions 1-14” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

18

CFA Level I Study Calendar | 2015
®

FIXED INCOME INVESTMENTS

Study Session

15

Kaplan
Way

Reading/
Topic

Prepare

Reading 51

Basic Concepts

Mark
Complete

Task
Read Study Session 15, Reading 51 "Fixed-Income Securities: Defining Elements" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 51

Prepare

Reading 52

1. Complete the Concept Checkers questions for Reading 51 "Fixed-Income Securities: Defining Elements" in your SchweserNotes™.
2. Create a quiz for Reading 51 using SchweserPro™ QBank and name it "Practice: Reading 51" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 51 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 15, Reading 52 "Fixed-Income Markets: Issuance, Trading, and Funding" in your
SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 52

Prepare

Reading 53

1. Complete the Concept Checkers questions for Reading 52 "Fixed-Income Markets: Issuance, Trading, and
Funding" in your SchweserNotes™.
2. C
 reate a quiz for Reading 52 using SchweserPro™ QBank and name it "Practice: Reading 52" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 52 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 15, Reading 53 "Introduction to Fixed-Income Valuation" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 53

Prepare

Reading 54

1. Complete the Concept Checkers questions for Reading 53 "Introduction to Fixed-Income Valuation" in your SchweserNotes™.
2. Create a quiz for Reading 53 using SchweserPro™ QBank and name it "Practice: Reading 53" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 53 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 15, Reading 54 "Introduction to Asset-Backed Securities" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 54

1. Complete the Concept Checkers questions for Reading 54 "Introduction to Asset-Backed Securities" in your SchweserNotes™.
2. Create a quiz for Reading 54 using SchweserPro™ QBank and name it "Practice: Reading 54" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 54 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

19

CFA Level I Study Calendar | 2015
®

FIXED INCOME

Study Session

16

Kaplan
Way

Reading/
Topic

Prepare

Reading 55

Analysis of Risk

Mark
Complete

Task
Read Study Session 16, Reading 55 "Understanding Fixed-Income Risk and Return" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 55

Prepare

Reading 56

1. Complete the Concept Checkers questions for Reading 55 "Understanding Fixed-Income Risk and Return" in your SchweserNotes™.
2. Create a quiz for Reading 55 using SchweserPro™ QBank and name it "Practice: Reading 55" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 55 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 16, Reading 56 "Fundamentals of Credit Analysis" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 56

Perform

Fixed Income
Investments

1. Complete the Concept Checkers questions for Reading 56 "Fundamentals of Credit Analysis" in your
SchweserNotes™.
2. Create a quiz for Reading 56 using SchweserPro™ QBank and name it "Practice: Reading 56" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 56 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Fixed Income Investments in your SchweserNotes™ to test your knowledge of this topic area.
Practice using the concepts from previous study sessions.

Review

Study
Sessions 1-16

1. Create a quiz using SchweserPro™ QBank for Study Sessions 1-16 and name it “Sessions 1-16" for future reference. Review your answers and assess your results using the Performance Tracker.*
2. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
3. C
 reate a quiz using SchweserPro™ QBank and name it “Review: Sessions 1-16” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

20

CFA Level I Study Calendar | 2015
®

DERIVATIVES

Study Session

17

Kaplan
Way

Reading/
Topic

Prepare

Reading 57

Derivatives

Mark
Complete

Task
Read Study Session 17, Reading 57 "Derivative Markets and Instruments" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 57

Prepare

Reading 58

1. Complete the Concept Checkers questions for Reading 57 "Derivative Markets and Instruments" in your
SchweserNotes™.
2. Create a quiz for Reading 57 using SchweserPro™ QBank and name it "Practice: Reading 57" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 57 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*
Read Study Session 17, Reading 58 "Basics of Derivative Pricing and Valuation" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 58

Prepare

Reading 59

1. Complete the Concept Checkers questions for Reading 58 "Basics of Derivative Pricing and Valuation" in your SchweserNotes™.
2. Create a quiz for Reading 58 using SchweserPro™ QBank and name it "Practice: Reading 58" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 58 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Read Study Session 17, Reading 59 "Risk Management Applications of Option Strategies" in your
SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 59

1. Complete the Concept Checkers questions for Reading 59 "Risk Management Applications of Option
Strategies" in your SchweserNotes™.
2. Create a quiz for Reading 59 using SchweserPro™ QBank and name it "Practice: Reading 59" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. Create a quiz using SchweserPro™ QBank and name it “Practice: Reading 59 Review” for future reference.
Review your answers and assess your results using the Performance Tracker.*

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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CFA Level I Study Calendar | 2015
®

ALTERNATIVE INVESTMENTS

Study Session

18

Kaplan
Way

Reading/
Topic

Prepare

Reading 60

Alternative Investments

Mark
Complete

Task
Read Study Session 18, Reading 60 "Introduction to Alternative Investments" in your SchweserNotes™.
Practice using the concepts from the reading by completing the following:

Practice

Reading 60

Perform

Derivatives and Alternative
Investments

1. Complete the Concept Checkers questions for Reading 60 "Introduction to Alternative Investments" in your SchweserNotes™.
2. Create a quiz for Reading 60 using SchweserPro™ QBank and name it "Practice: Reading 60" for future reference. Review your answers and assess your results using the Performance Tracker.*
3. Identify your weak areas and the corresponding learning outcome statements (LOS). Review the identified LOS in your SchweserNotes™.
4. C
 reate a quiz using SchweserPro™ QBank and name it “Practice: Reading 60 Review” for future reference. Review your answers and assess your results using the Performance Tracker.*
Complete the Self-Test: Derivatives and Alternative Investments in your SchweserNotes™ to test your knowledge of this topic area.

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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CFA Level I Study Calendar | 2015
®

PRACTICE EXAMS
Volume 1

Kaplan
Way
Prepare

Volume 1

Task

Essential Exam
Read the "Essential Exam Strategies" chapter in Schweser's Secret Sauce®.
Strategies
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Perform

Exam 1
Morning

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 1: Exam 1 Morning. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. R
 eview the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Perform

Exam 1
Afternoon

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 1: Exam 1 Afternoon. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Perform

Exam 2
Morning

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 1: Exam 2 Morning. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Perform

Exam 2
Afternoon

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 1: Exam 2 Afternoon. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Exam 3
Perform

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 1: Exam 3. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.

23

CFA Level I Study Calendar | 2015
®

PRACTICE EXAMS
Volume 2

Kaplan
Way

Volume 2

Task
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Exam 1*
Perform

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 2: Exam 1. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Exam 2*
Perform

1. Read “How to Use This Book” in your Practice Exams book for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 2: Exam 2. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.
Assess your mastery of the CFA Level I learning outcome statements by completing the following:

Exam 3*
Perform

1.  Read “How to Use This Book” in your Practice Exams book of your online practice exam for a description of how to get the most out of the practice exams.
2. Complete Practice Exams, Volume 2: Exam 3. Pay strict attention to the allotted time. Review your answers and assess your results using the Performance Tracker.
3. Identify your weak areas and the corresponding learning outcome statements (LOS).
4. Review the identified LOS in your SchweserNotes™.

*SchweserPro™ QBank, Performance Tracker and Practice Exams Volume 2 are not included in the SchweserNotes™ package.

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