JIA Curriculum Overview

The curriculum supporting the JIA Exam comprises 11 topic areas:

Topic 1: ETHICAL STANDARDS:

Duties to Clients, Client Confidentiality, Non-Public Information, Due Diligence, and Suitability

Topic 2: QUANTITATIVE METHODS:

Yield Computation, Present Value Methods, Net Present Value and Internal Rate of Return Analysis, Statistical Methods, and Probability Theory and Applicationy

Topic 3: ECONOMICS:

Supply and Demand, Resource Allocation, Perfect Competition, Market Imperfections, Market Structure, Markets for Productive Inputs, Aggregate Demand, Aggregate Supply, Monetary Policy, Inflation, Labor Markets, Business Cycles

Topic 4: FINANCIAL STATEMENT ANALYSIS:

Essentials of Financial Reporting Standards, Income Statement, Statement of Cash Flows, Balance Sheet, Financial Statement Forecasting

Topic 5: ANALYSIS AND VALUATION OF EQUITY SECURITIES:

Characteristics of Equity Securities, Analysis of Equity Securities, Valuation of Equity Securities

Topic 6: PORTFOLIO THEORY:

Portfolio Management, Modern Portfolio Theory, Portfolio Risk, Asset Allocation, Capital Asset Pricing Model

Topic 7: CORPORATE FINANCE:

Project Analysis, Cost of Capital, Determination of the Optimal Capital Budget

Topic 8: STRUCTURE AND OPERATION OF SECURITIES MARKETS:

Types of Markets, Types of Securities, Trading in Equity Markets

Topic 9 DEBT SECURITIES:

Characteristics of Debt Investments, Yield Measures, Risk and Risk Premiums, Yield Spreads

Topic 10 DERIVATIVE SECURITIES:

Characteristics of Derivative Securities, Types of Derivative Securities, Forward Contracts, Futures Contracts

Topic 11: ALTERNATIVE ASSETS:

Mutual Funds and ETFs, Characteristics of Real Estate Investments, Commodities as an Asset Class, Private Equity Funds, Hedge Funds