CFA LEVEL 1 BROCHURE_ May 2024 Exam Final

CHARTERED
FINANCIAL ANALYST
Are you ready to earn the CFA Charter and join the ranks of
elite investment professionals?
MAY 2024 EXAM
LEVEL 1
LIVE-ONLINE EXAM PREPARATION COURSE

L IVE - ONLINE EXAM PRE PARATION C OURSE
CHARTERED FINANCIAL ANALYST (CFA) LEVEL 1
T A B L E O F C O N T E N T S
03 CFA Designation
05 CFA® Level 1 Tuition Fees
03
About us – The School
06
CFA® Level 1
of Professional Studies (SPS)
Schedule of Classes
03 07 CFA® Level 1 - Course Profile
Sitting the CFA Exams
03 08
CFA Program Curriculum,
Study Material
Structure & Content
09
04
Frequently Asked Questions
Tutors’ Profile
10

CHARTERED FINANCIA L ANALYS T ( CFA®) DESIGNA TI ON
The Chartered Financial Analyst (CFA®) charter has become the most respected and recognized investment
designation in the world and is the gold standard for the investment industry. The CFA Program is administered
by the CFA Institute, a premier global association for investment management professionals with more than
170,000 CFA Charterholders worldwide in 162 countries and territories. The charter gives a strong understanding
of advanced investment analysis and real-world portfolio management skills. In the competitive, rapidly evolving
profession of investment management, few achievements will say more about your commitment to knowledge
and high ethical standards than earning the right to use the CFA® designation. Earning the CFA charter also
demonstrates your drive for success and excellence.
THE SCHO O L OF PROFES SIONA L STUDIES (S PS)
The School of Professional Studies of European University Cyprus was established in 1977 and it was the first
institution in Cyprus specializing in the provision of professional courses. Since then, SPS is one of the leading
providers in professional education, training thousands of students to earn a professional qualification. For more
than 12 years, SPS has been successfully delivering CFA® courses.
SP S LEVEL I CFA® L IV E ONLINE CLASS – PR O FILE OF THE P RO G RA M
There is no better way to ensure content retention and exam-taking confidence than by reinforcing your CFA®
Program exam preparation with Live-Online weekly classes. Our 21-week series of Live- Online Classes led by CFA
Charterholders instructors give you a solid framework to prepare, practice, and perform on the CFA® Program
exam. The class will meet twice a week once and from time to time on Saturdays as well Just because you are
joining, an online course does not mean that you are on your own. In order to make the most of online tuition our
highly experienced tutors will provide you with continuous guidance and support helping you to achieve the best
results possible.
STUDY MATERIAL
WE TAKE Y OUR EXAM PREPARA TION SERIOUSLY - To ensure the best preparation for your CFA exam and
to provide a solid framework for a successful CFA® exam study program we are using the Kaplan Schweser study
material, a trusted source for CFA exam preparation among CFA candidates for nearly 30 years.
Candidates will receive the Kaplan CFA ® Level I SchweserNotes Study Package (eBook/online) and exam
focus notes.
The option to upgrade and gain access to the Kaplan Schweser CFA® Level 1 Essential study package
(eBook /online) is available upon request with an extra cost.
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O U R TUTORS’ P RO FIL E
OUR AIM IS SIMPLE – TO MAXIMIZE PASS RATES.
Our team of tutors are experts in their fields, highly experienced, helping students to achieve the best results
possible by explaining the technical topics in a straightforward way, focusing on the key areas for the examination.
Their ability to explain complex topics will be instrumental in preparing you for the exam.
ANDREAS SFIKOURIS (BSc, MSc, CFA)
Andreas has been a CFA Charterholder since 2012 and
has a BSc in Mathematics and Statistics from the
University of Bristol and an MSc in Finance from Imperial
College Business School. He has over 10 years’
experience both in the banking industry and the financial
advisory sector. Through his banking experience he has
been involved in structuring PPP/ PFI project finance type
financings for infrastructure projects mainly for European
based projects such as highways, railways and
renewable energy power stations. As a financial advisor,
he has worked on various engagements whose scope
covered areas such as valuations, privatizations and
debt restructuring for both public and private companies
from different sectors including financial services, retail,
real estate and manufacturing. He is currently a finance
manager for a global tech company and is responsible for
supporting the financial planning activities for the
company’s financial sector MEA activity. Andreas has
also delivered lectures leading to the CFA Level I exam.
CHRISTOS VOTSIS (BSc, MSc, CFA)
Christos has been a CFA Charterholder since 2006. His
other credentials include an MSc in Investment
Management (CASS Business School), a BSc in
Business Administration (Cardiff University) and a
certificate in Asset Management (Agence de Transfer de
Technologie Financière, Luxembourg). He is a financial
professional since 2003 and his career has been split
between Corporate Finance and buy side Investment
Research. His experience ranges from the valuation of
highly complicated exotic financial instruments to the
completion of multi-million M&A deals. He is also a highly
experienced instructor and since 2010 has held part-time
University lecturer positions and delivered numerous
professional seminars. Currently, he manages the equity
participations of a large Financial Institution and is also
the founder of Analytica Financial Solutions Ltd, a
company specializing in financial intelligence solutions.
DEMETRIS NICOLAOU (BSc, MBA, CFA)
Demetris Nicolaou holds a bachelor’s degree in Finance
& Economics and an MBA from the American University in
Washington, DC. He is a CFA Charterholder and holds
advanced Certificates of Professional Competence from
CySEC. He previously served as President of the CFA Society
of Cyprus. Demetris was the Chief Financial Officer of D.
Nicolaou & Sons Ltd; previously he worked at Alpha Bank
as Head of Asset Management and in the USA at Emerging
Markets Management as Co-Portfolio Manager. Demetris
is a Non- Executive Director of Axia Ventures, an
investment banking firm. He is also a Non-Executive
Director of Hanseatic Capital Management, a fund
management company with expertise in shipping. Demetris
is a Certified Trainer by the Human Resource Development
Authority (HRDA) and teaches courses in Risk
Management, Portfolio Management, Ethics, Derivatives,
Financial Planning, Investment Planning, Anti Money
Laundering, MiFID II and more. Demetris has also delivered
lectures leading to the CFA Level I exam.
SOPHOCLES SOPHOCLEOUS (BA, FRM, PRM, CFA)
A Fulbright scholar and CFA Charterholder, Sophocles
currently works as Investment Advisor to Swiss-based
activist manager Veraison Capital. From 2019-21, he was
head of asset management at S.P.A. Financial Services.
Previously, he managed institutional equity portfolios for the
Cyprus Development Bank financial services subsidiary and
spent over 11 years with London-based Emerging Markets
fund manager Argo Capital Management (peak AUM of $3
billion). Sophocles is also a visiting lecturer at the Cyprus
International Institute of Management. On an annual basis,
he organizes the Cyprus Value Investor Conference. In his
spare time, he shares investment ideas on his personal blog
(fatapha.com). Sophocles graduated from the University of
Illinois at Urbana-Champaign with a double major in
Economics and Finance. He also earned the Financial Risk
Manager (FRM) and Professional Risk Manager (PRM)
qualifications.
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CFA® LEVEL 1
LIVE ONLINE EXAM PREPARATION COURSE
TUITION FEES
STANDARD TUITION FEES: €1330
THE FEES INCLUDE TUITION AND LEVEL I SCHWESERNOTES (EBOOK/ONLINE)
Delegates who join the Level 1 CFA® Live Online Exam Preparation Course receive Tutors’ Exam focus notes & Level I SchweserNotes
(eBook/online). The SchweserNotes Study Package includes: SchweserNotes | Quicksheet.
PAYMENT OPTIONS:
1. EMPLOYER-SUPPORTED INDIVIDUALS
The course is partly funded by HRDA in the amount of €320 *
THE NET TUITION FEE FOR ELIGIBLE HRDA SUBSIDY FIRMS WILL BE €1010.
* Enterprises that participate with their employees and meet HRDA's criteria 1 must complete the corresponding HRDA application form
using the HRDA digital platform called ‘Hermes’ (Ερμής) at https://ermis.anad.org.cy/#/front , prior to the program's start date.
1
For the official HRDA directive, please visit here. Delegates should meet the participant profile as stated in each training intervention
respectively and attend at least 75% of their training’s duration. If failed to do so, the participant will then be obligated to pay back the
HRDA subsidy to the School of Professional Studies
2. SELF-FUNDED INDIVIDUALS
A €150 off Early Bird Registration Discount applies on the standard course fee by 23/10/2023 **
THE NET TUITION FEE AFTER THE DEDUCTION OF THE EARLY BIRD REGISTRATION DISCOUNT WILL BE €1180
**
Self-funded students can take advantage of the €150 Early Bird Registration Discount on the standard course fee if they make the €600
down payment by October 23, 2023.
Self-funded individuals can settle the remaining amount in monthly installments as follows:
PAYMENTS BY INSTALLMENTS
STANDARD TUITION FEE
€1330
STANDARD TUITION FEE
WITH EARLY BIRD DISCOUNT
UPON ENROLMENT €610 €600
November 30, 2023 €180 €145
December 31, 2023 €180 €145
January 31, 2024 €180 €145
February 29, 2024 €180 €145
TOTAL €1330 €1180
KAPLAN STUDY MATERIAL
OPTION 2: COURSE FEE €1590 [Upgrade Kaplan course material] *
HRDA-eligible delegates who enroll in the Level 1 CFA® Live Online Exam Preparation Course can upgrade to the Level 1 Kaplan
Schweser Essential package (eBook / online) for an additional price on top of the standard course fee. The Essential study package
includes: Schweser Notes | Diagnostic Exam | Activity Feed | Topic Quizzes | SchweserPro QBank -NEW | SchweserProNotes
Videos | Practice exams (4 exams) | Checkpoint Exams | Quicksheet | Instructor Link.
THE NET TUITION FEE FOR ELIGIBLE HRDA SUBSIDY FIRMS UPGRADING TO KAPLAN ESSENTIAL PACKAGE WILL BE €1260
Self-funded persons who wish to upgrade to the Level 1 Kaplan Essential package and take advantage of the Early Bird Discount by
making a down payment of €700 by October 23, 2023, will pay a net cost fee of €1440. The monthly payments will be €185.
Self-funded persons who did not take advantage of the Early Bird Discount must pay €710 upon enrollment as a down payment and
the remaining balance in four monthly instalments of €220.
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TUITION CALENDAR
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
XMAS XMAS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
XMAS XMAS XMAS XMAS
CFA Program includes a series of three exams: Levels I, II, and III. Use the calendar to view upcoming exams and other important dates leading up to the exam. These dates are subject to change as conditions warrant. Each exam is administered within an exam window, while the exam dates available to each candidate may vary based on
appointment availability at the time of scheduling. All deadlines are 11:59 p.m. ET. CFA Institute reserves the right to close registration and scheduling dates earlier than previously announced as conditions warrant. For the latest information on upcoming exams, please visit CFA Exam Updates page.
Note that registration for a computer-based exam is a two-step process. You must first register for your exam; then schedule your actual exam appointment. If you do not see your preferred location, please check back. We are continually adding appointment availability. Learn more about computer-based testing.
FSA
ECON
ETHICS
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2023 Calendar
Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Nov
FSA
FSA FSA
FSA
Dec FSA
FSA
FSA
6.00 - 8.15
6.00 - 9.00
FSA
6.00 - 8.15
XMAS
2024 Calendar
Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Jan
NEW
YEAR
HOLIDAY
QM QM
QM QM
ECON
ECON
ECON
Feb
ECON
CFA LEVEL 1
EXAM REGISTRATION
CLOSES
CI
CI CI
CI
ETHICS
ETHICS
Mar
Apr
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
EI
EI EI
EI
NATIONAL
FI FI
HOLIDAY
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MOCK
NATIONAL
DER PM/AI PM PM
PM
EXAM
HOLIDAY
CFA
GREEN
MONDAY
HOLIDAY
FI
9:00-2.30
May
LABOUR DAY
HOLIDAY
EASTER
REAL EXAM DATES
* All lectures take place between the hrs 6:00pm and 9:15pm, except Saturday lectures that take place between 9:00 - 14:30.
TUTORS TOPIC AREAS SPS ADMINISTRATION TEAM
VENUE
Economics (ECON) DIRECTOR
NICOSIA CAMPUS
VOTSIS CHRISTOS
Financial Statement Analysis (FSA)
Michael Michaelides mmichael@euc.ac.cy
NICOLAOU DEMETRIS Ethical and Professional Standards
(ETHICS) CFA COORDINATOR
SFIKOURIS ANDREAS
SOPHOCLEOUS SOPHOCLES
Quantitative Methods (QM)
Alternative Investments (AI)
Portfolio Management (PM)
Derivatives (DER)
Corporate Issuer (CI)
Equity Investments (EI)
Fixed Income (FI)
Use the CFA Exam Calendar to Keep Track of Important Exam Dates
Sophia Papatheodoulou s.papatheodoulou@euc.ac.cy
GENERAL ENQUIRIES
6, Diogenous str.
2404 Engomi, Nicosia
Tel.+357 22713230
Fax.+357 22660257
Myro Savva my.savva@euc.ac.cy Email: SPSNicosia@cycollege.ac.cy
Maria Dalmira mdalmira@euc.ac.cy Website: http://sps.cycollege.ac.cy
Elena Anastasiou e.anastasiou@euc.ac.cy
CFA Program Costs
Registration costs vary depending on when you decide to register for the exam. Exam prices set by CFA are as follows: Early registration fee: $900 USD | Standard registration fee: $1,200 USD
Take care when scheduling your computer-based exam appointment, as there is a USD 250 rescheduling fee if you wish to reschedule your exam appointment in your exam window.
1. EARLY REGISTRATION period applies from 15 August 2023 through 12 October 2023 at 11:59 p.m. ET and is available for Level I and Level II.
2. STANDARD REGISTRATION period applies from 13 October 2023 through 06 February 2024 at 11:59 p.m. ET and is available for Level I and Level II.
One-Time Enrollment Fee
There is a one-time enrollment fee when you register for CFA Program and the Level I exam. The initial enrollment fee is USD 350. This fee will not be applied to subsequent exams. All fees must be paid in US dollars.

CFA PROGRAM
CURRICULUM, STRUCTURE & CONTENT
CURRICULUM DEVELOPMENT
Keeping the Curriculum Relevant and Rigorous
The CFA Program includes the foundational knowledge
that firms expect as well as the critical advanced
investment analysis and portfolio management skills that
are needed in the investment industry today.
CFA Institute updates the curriculum regularly, so it
reflects modern financial practices, including machine
learning; fintech; organizing, visualizing, and describing
data; and environmental, social, and corporate governance
(ESG) investing. Thus, allowing candidates to bring what
they have learned through the CFA Program to real-world
scenarios.
Industry Practitioner Input at Every Stage
The curriculum is developed through an Education
Advisory Committee that includes industry practitioners,
security market regulators, university faculty, and
policymakers. Involving financial thought leaders helps
ensure that CFA Institute provides the skills the industry
wants. This approach, known as the Program Practice
Analysis process, plays a key role in establishing the CFA
Program as the global gold standard of investment
credentials.
CURRICULUM TOPICS
ETHICAL AND PROFESSIONAL STANDARDS
QUANTITATIVE METHODS
ECONOMICS
FINANCIAL STATEMENT ANALYSIS
CORPORATE ISSUERS
EQUITY INVESTMENTS
FIXED INCOME
DERIVATIVES
ALTERNATIVE INVESTMENTS
PORTFOLIO MANAGEMENT AND
WEALTH PLANNING
Knowledge that Evolves with Industry Needs
CFA Institute researches and identifies trends that
significantly affect the investment industry. These insights
inform updates to the curriculum to reflect current
practices and help CFA Charterholders succeed in a
constantly changing profession.
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SITTING THE CFA EXAMS
Computer-Based Testing
CFA Institute has transitioned all CFA exams to
computer-based testing. This enables CFA Institute to
operate with flexibility and adjust to the changing
landscape quickly and reliably in response to either
global or local situations. Exams are hosted in over
400 testing centers located in most major cities
around the world.
Computer-based scheduling has enabled CFA Institute
to retire single-day test administration in favor of more
convenient, computer-based test administration. This
provides options for candidates around the globe by
increasing the number of exam administrations for
every level, providing multi-day exam windows, and a
broader footprint of test areas to improve flexibility.
Operating in a fully digital format aligns to real-world,
professional environments, allowing CFA Institute to
better model the tasks and problem-solving needs of
today’s investment professionals.
Candidates are permitted to take the exam a maximum
of twice each calendar year but not in consecutive
windows or windows that are six months or less apart.
Candidates will have a total of six maximum attempts
per exam level.
Registration Process
Registering for the CFA exam is a two-step process:
Step 1:
Enroll in the CFA exam through the CFA Institute
website www.cfainstitute.org/programs/cfa/register
Step 2:
After the registration process is complete and
payment processed, candidates will be able to
schedule their exam via a Prometric scheduling tool,
which presents available testing centers with dates
and times. This step must be completed by the
scheduling deadline.
CFA Program Costs
Registration costs vary depending on when a candidate
decides to register for the exam. An early registration
period is available for all three levels, which reduces the
exam cost from USD 1,200 to USD 900. There is a onetime
enrollment fee of USD 350 the first time a
candidate registers for the Level I exam. An enrollment
fee is not charged for subsequent exams. All fees must
be paid in US dollars.
One-Time Enrollment Fee
USD 350
Early Registration
USD 900
OR
Standard Registration
USD 1,200
Care should be taken when scheduling a computerbased
exam appointment, as a rescheduling fee is
applied if a candidate wishes to move the exam
appointment in an exam window.
Scan the QR code for registration
dates, exam windows and pricing
details:
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FREQUENTLY ASKED
QUESTIONS
Q. Do I need to enroll in the CFA Program and pay my registration fees for the Level I CFA
exam at the same time?
A. Yes. The one-time CFA Program enrollment fee and the registration fee for the Level I CFA exam
need to be paid together.
Q. I will be student at the time of sitting the CFA exam. Is that acceptable?
A. It depends. Your selected exam window must be 23 months or fewer before your graduation month for
your bachelor’s degree or equivalent program. You must also have completed your degree program prior
to the date of sitting for your Level II exam.
Q. Do I need to submit my college degree or marksheet at the time of registering for the
exam?
A. No. CFA Institute does not ask for degree or marksheet at the time of registration. However, CFA
Institute may request proof of education (copy of diploma/degree, marksheet, any other relevant
documents) to be submitted at any stage of your journey as a candidate or even after becoming a member
to demonstrate entrance requirements were met.
Q. How much work experience do I need to sit for the exam?
A. This depends on your enrollment requirement selection. If you select to enroll in CFA Program through
the Bachelor’s Degree or Final-Year Student requirement, then no work experience is required to sit for the
exam. However, if you elect to enroll via the Professional Work Experience requirement, then a
combination of 4,000 hours of professional work experience and/or higher education that was acquired
over a minimum of three sequential years is required by the date of registration. Please note that you must
have four years of investment related work experience to apply to become a regular member of CFA
Institute and earn your CFA charter.
Q. I have two years of work experience that I earned while also studying for my bachelor’s
degree for two years. Can I register as a candidate using the Professional Work
Experience path?
A. No. To qualify via the Professional Work Experience requirement, your work experience and education
cannot overlap. This means they may not have been accrued over the same period of time.
Q. In case of violations, what are the actions that are likely taken by CFA
Institute?
A. Failure to follow the guidelines by CFA Institute towards entrance requirements or registration
requirements for CFA Program may result in cancellation of a current exam registration, withholding of
exam results, voiding of past exam results, and may lead to investigation and disciplinary action by the
Professional Conduct Program of CFA Institute.
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FREQUENTLY ASKED
QUESTIONS
Q. If you pass a level of the CFA Program, does your exam result expire?
A. No, exam results do not expire. You have unlimited time to complete the CFA Program.
Q. Do you need to complete the CFA Program in a certain time period?
A. You have unlimited time to complete the CFA Program, although CFA Institute recommends not
leaving it too long between each level or exam re-take
Q. What qualifies as professional work experience for regular membership?
A. Your experience should involve evaluating or applying financial, economic, and/or statistical data as
part of the investment decision-making process; supervising those who conduct; or teaching such
activities.
You must have at least 4,000 hours of experience, completed in a minimum of 36 months.
Qualified hours must be directly related to the investment decision-making process or producing a work
product that informs or adds value to that process.
Experience earned through full-time, part-time, or remote work arrangements—before, during, or after
your participation in the CFA ® Program—can qualify.
Q. I failed Level I of the CFA Program. Do I need to pay the registration fee again if I
want to re-take the exam?
A. Yes, you need to pay the registration fee again when you register.
Q. Are any finance courses required for enrollment in the CFA Program?
A. No, there are no prior finance courses required to enroll.
For further information, visit www.cfainstitute.org/programs/cfa
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LEVEL 1
LI VE ONLINE EXAM PREPARATION COU RSE | MAY 2024 EX AM
STAY CONNECTED
NICOSIA CAMPUS
6, Diogenous Str., Engomi,
P.O. Box: 22006, 1516
Nicosia
TEL +357 22 713230
FAX +357 22 660257
EMAIL
SPSNicosia@cycollege.ac.cy
LIMASSOL CAMPUS
56, Archbishop Makarios III Ave,
P.O. Box 57163, 3313
Limassol
TEL +357 25 867500
FAX +357 25 736427
EMAIL
SPSLimassol@cycollege.ac.cy