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Cfa Program Level II Common Acronyms

This document provides a list of acronyms that may appear in exam questions for CFA Level II candidates. It includes acronyms related to currency, economics, financial reporting, corporate finance, valuation, fixed income, derivatives, equity, alternatives, and portfolio management. Candidates are responsible for knowing the definitions of these acronyms that cover topics tested in the Level II exam.

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233 views

Cfa Program Level II Common Acronyms

This document provides a list of acronyms that may appear in exam questions for CFA Level II candidates. It includes acronyms related to currency, economics, financial reporting, corporate finance, valuation, fixed income, derivatives, equity, alternatives, and portfolio management. Candidates are responsible for knowing the definitions of these acronyms that cover topics tested in the Level II exam.

Uploaded by

Rusdemè Zale
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CFA Program - Acronym Guidelines for Level II

Candidates are responsible for knowing and understanding the following acronyms, which may
appear in CFA Program Level II item set exam questions.

Currency/Economics
EUR =Euro
GBP =British pound
J PY =J apanese Yen
USD =U.S. dollar
PPP =Purchasing Power Parity

Financial Reporting and Analysis
FIFO =First-In, First-Out
LIFO =Last-In, First-Out
PP&E (or PPE) =Property, Plant, & Equipment
IFRS =International Financial Reporting Standards
U.S. GAAP =U.S. Generally Accepted Accounting Principles

Corporate Finance
IRR =Internal Rate of Return
NPV =Net Present Value

Valuation
EBIT =Earnings Before Interest, and Taxes
EBITDA =Earnings Before Interest, Taxes, Depreciation, and Amortization
EPS =Earnings per Share
EV =Enterprise Value
FCFE =Free Cash Flow to Equity
FCFF =Free Cash Flow to the Firm
P/E ratio =Price-to-Earnings ratio
D/E =Debt-to-Equity ratio
ROE =Return On Equity
WACC =Weighted Average Cost of Capital
DCF =Discounted Cash Flow
DDM =Dividend Discount Model
PEG ratio =P/E to growth ratio


Assets: Fixed Income/Derivatives/Equity/Alternatives
ABS =Asset-backed Security
MBS =Mortgage-backed Security
CDO =Collateralized Debt Obligation
CMO =Collateralized Mortgage Obligation
LIBOR =London Interbank Offered Rate
OAS =Option Adjusted Spread
CDS =Credit Default Swap
IPO =Initial Public Offering
NAV =Net Asset Value
ETF =Exchange-traded Fund
REIT =Real Estate Investment Trust

Portfolio Management
IPS =Investment Policy Statement
CAPM =Capital Asset Pricing Model
CML =Capital Market Line
VAR =Value at Risk

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