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