From the authorized organizers of CFA/CFP examination, you can obtain the information about sample test papers, CFA/CFP syllabus, question paper pattern, CFA/CFP notifications, online CFA/CFP test, CFA / CFP exam schedule and CFA/CFP results.
Any employed person, final year graduates and fresher with any graduate degree are eligible to appear the pre-admission test for a career oriented course as a Chartered Financial Analyst (CFA). The candidate should have the characteristics of good working skill with digits and should have the ability to communicate his opinion in a short and crisp manner. Verbal knowledge and quantitative reasoning skills are given importance while admitting the candidates for CFA course.
Certified Financial Planner (CFP) is an important credential that indicates a person has specialized in planning the financial matters. CFP is the top most recognition of qualified experts presented by the Financial Planning Standards Board (FPSB), India. Global level certification for financial planners is provided by CFPCM and it gives the person a greater quadrant of acknowledgment.
The foundation course consists of Financial Accounting, Business Mathematics and IT tools. After completion of foundation course, one should complete three term exams, which cover the main courses by compulsory and providing provisions to optional subjects. Main course of CFP provides detailed information about the major topics and concepts related to financial management. Candidates are given in-depth knowledge on financial planning and assets management.
- Term I focuses on Financial Management, Economics for Financial Markets, Quantitative Methods for Financial Analysis, Financial Statement Analysis, Mutual Fund Investing And Introduction to Financial Markets.
- Wealth and Asset Management are focused in Term II. Unlike Term I, Term II has more papers namely Portfolio Management & Asset Pricing, Corporate Finance, Electives for Wealth Management Track, Electives for Investment Management Track, Soft Skills & Business Communications, Derivatives & Alternative Assets, Equity & Fixed Income Valuation, Financial Reporting and Analysis and Risk Management & Insurance Planning.
- Term III gives preference to the subjects Corporate Restructuring, Mergers & Acquisitions, Tax & Estate Planning, Marketing of Financial Products, Retirement Planning & Employee Benefits, Advanced Financial Planning, Electives for Investment Management Track, Equity Portfolio Management, Electives for Wealth Management Track and Fixed Income Markets & Bond Portfolio Management.
By giving a planning and restructuring financial strategies from different points of view to the students, they will acquire knowledge about how to alter and revalidate the wealth of a firm which can induce new prospects and maximized cost for investors. They should gain adequate familiarity in Financial Analysis to determine the possible profit gain through restructuring of a firm.
Preparation tips for CFP/CFA exams
Focus on concept based study. It will help you to understand the difficult subjects easily. Update yourself with the latest tax related issues and other amendments in law. Try to workout the question papers of previous CFP/CFA exams. Coaching institutes are offering part time and full time subject wise coaching classes. You can utilize the services of those institutes to improve your knowledge on weaker subject. Plan your study schedule properly to achieve success. One should have widened perception in every subject areas and should have specialized credibility to pass the exam.