Addition:

• CBOK (Candidate Body of Knowledge) Topic Areas:

1. Ethical and Professional Standards
   Professional Standards of Practice
   Ethical Practices
2. Quantitative Methods
   Time Value of Money
   Probability
   Probability Distributions and Descriptive Statistics
   Sampling and Estimation
   Hypothesis Testing
   Correlation Analysis and Regression
   Time-Series Analysis
   Simulation Analysis
3. Economics
   Market Forces of Supply and Demand
   The Firm and Industry Organization
   Measuring National Income and Growth
   Business Cycles
   The Monetary System
   Inflation
   International Trade and Capital Flows
   Currency Exchange Rates
   Monetary and Fiscal Policy
   Economic Growth and Development
   Effects of Government Regulation
   Impact of Economic Factors on Investment Markets
4. Financial Reporting and Analysis
   Financial Reporting System (with an emphasis on IFRS)
   Analysis of Principal Financial Statements
   Financial Reporting Quality
   Analysis of Inventories and Long-Lived Assets
   Analysis of Taxes
   Analysis of Debt
   Analysis of Off-Balance-Sheet Assets and Liabilities
   Analysis of Pensions, Stock Compensation, and Other Employee Benefits
   Analysis of Inter-Corporate Investments
   Analysis of Business Combinations
   Analysis of Global Operations
   Ratio and Financial Analysis
5. Corporate Finance
   Corporate Governance
   Dividend Policy
   Capital Investment Decisions
   Business and Financial Risk
   Capital Structure Decisions
   Working Capital Management
   Mergers and Acquisitions and Corporate Restructuring
6. Equity Investments
   Types of Equity Securities and Their Characteristics
   Equity Markets: Characteristics and Institutions
   Valuation of Individual Equity Securities
   Fundamental Analysis (Sector, Industry, Company)
   Equity Market Valuation and Return Analysis
   Equity Portfolio Management Strategies
7. Fixed Income
   Types of Fixed-Income Securities and Their Characteristics
   Fixed-Income Markets: Characteristics & Institutions
   Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis
   Term Structure Determination and Yield Spreads
   Analysis of Interest Rate Risk
   Analysis of Credit Risk
   Valuing Bonds with Embedded Options
   Structured Products
   Fixed-Income Portfolio Management Strategies
8. Derivatives
   Types of Derivative Instruments and Their Characteristics
   Markets and Valuation of Forwards and Futures Contracts
   Options Markets and Valuation of Option Contracts
   Swaps Markets and Valuation of Swap Contracts
   Credit Derivatives Markets and Instruments
   Uses of Derivatives in Portfolio Management
9. Alternative Investments
   Types of Alternative Investments and Their Characteristics
   Real Estate
   Real Assets
   Private Equity/Venture Capital
   Hedge Fund Strategies
   Commodities
   Asset Allocation to Alternative Investments
10. Portfolio Management and Wealth Planning
    The Investment Policy Statement
    Modern Portfolio Management Concepts
    Investment Vehicles
    Behavioral Finance
    Technical Analysis
    Environmental, Social, and Governance (ESG) Investing
    Management of Individual/Family Investor Portfolios
    Management of Institutional Investor Portfolios
    Investment Manager Selection
    Economic Analysis and Setting Capital Market Expectations
    Tax Impact of Investment Decisions
    Asset Allocation
    Portfolio Construction and Revision
    Risk Management
    Market Indexes
    Execution of Portfolio Decisions (Trading)
    Performance Evaluation
    Presentation of Performance Results