Subjects,Weightage and Format

TOPIC AREA	WEIGHTAGE
Ethical and Professional Standards (Total)	15
Quantitative Methods	12
Economics	10
Financial Reporting & Analysis	20
Corporate Finance	8
Investment Tool (Total)	50
Equity Investments	10
Fixed Income	12
Derivatives	5
Alternative Investments	3
Asset Classes (Total)	30
Portfolio Management & Wealth Planning (Total)	5
Total	100

CFA Level 1 Examination Focus

The focus at Level I is on knowledge and comprehension, with emphasis on the tools and inputs relating to investment valuation and portfolio management. Level I also introduces basic concepts regarding securities laws, regulations, and ethical and professional conduct. The 2009 Level I exam consists entirely of free-standing multiple-choice questions. It includes a total of 240 questions with three possible answers per question divided evenly between the two sessions. This means that over the course of each session you'll have, on average, 90 seconds to answer each question.

Schedule

Payment Deadlines	Program Enrollment (New Candidates only)	Exam Registration	Total Cost
23 Sep 2009	$ 400	$ 620	$ 1020
17 Feb 2010	$ 400	$ 710	$ 1110
17 Mar 2010	$ 480	$ 955	$ 1435

CFA Level 1 examination will be held on June 6th 2010.

Procedure

The candidate may register for their Level I exam once they have paid an initial enrollment fee to CFA Institute. In addition to the initial fee, they are required by CFA Institute to pay a registration fee for each exam.

• Candidates may register for only one exam at a time, and cannot register for a subsequent exam until they have received their passing results for the prior level exam.
• Early registration can save them money because CFA Institute imposes a graduated fee schedule that increases over time