What changes have been made to the Level I CFA syllabus?

<p>In the latest update regarding the evolution of the CFA Program, significant structural changes have been implemented in the CFA Level 1 curriculum for 2024. The traditional Readings have undergone a complete transformation into interactive Learning Modules, enhancing the overall accessibility and comprehensibility of the curriculum. The CFA Level 1 exam now comprises 93 Learning Modules, marking a notable increase from the 73 readings included in the 2023 curriculum. Portfolio Management, Derivatives, and Ethics have undergone minimal alterations, maintaining a largely unchanged format. Several subjects have been subjected to further granularity in the form of additional Learning Modules, including Fixed Income, Quantitative Methods, and Alternative Investments. Conversely, certain topics such as Economics, Corporate Issuers, Financial Statement Analysis, and Equity have been either consolidated or refreshed to streamline and enhance their presentation in the curriculum.</p>

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<p>In 2024, the CFA Level 1 curriculum has shifted to a Learning Module (LM) structure from Readings. These Learning Modules are designed as bite-sized lessons that can be completed in a single study session, aligning better with the study patterns of CFA candidates.&nbsp;</p><p>For the 2024 CFA Level 2 exam, the curriculum remains largely unchanged from 2023. It comprises 47 modules, a reduction from the 49 readings in 2023. The changes include the removal of three readings (two from Alternative Investments and one from Portfolio Management) and the addition of one new reading to Alternative Investments.</p>

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<p>The following changes have been made to the Level I CFA curriculum:</p><ul><li>A new chapter titled &ndash; &ldquo;Introduction to Geopolitics&rdquo; has been introduced under the Economics section</li><li>Corporate Ownership and Structures and Business Models are the two new readings that have been added under Corporate Issuers section.</li><li>Majour changes to the Capital Structure readings have been made.</li><li>Minor changes to the Introduction to Corporate Governance &amp; Other ESG Considerations reading has also been made.&nbsp;</li></ul>

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