Flexible learning solutions towards the CFA programme

Flexible learning solutions towards the CFA programme

Table of contents BPP Professional Education... 3 Why BPP?... 4 The CFA qualification... 5 Study option currently available: online classroom... 7 Course prices and other fees... 8 CFA Examinations 9 References... 10 Contact us... 11 2

BPP Professional Education BPP Professional Education as part of Apollo Group, is one of the largest providers of business, law and accounting programmes. It has over 2,000 staff and 40 locations worldwide, training more than 30,000 accountants. BPP provides a range of undergraduate and postgraduate degrees, professional examination training and a substantial CPD programme, which are industry-driven and application oriented. In 2007, BPP became the first private sector institution to be granted degree awarding powers and University College status in the UK. BPP programmes combine the highest quality classroom materials, personal tutor support and innovative, online learning solutions. We believe in offering flexible, affordable and businessfocused solutions. With full-time, part-time and accelerated study options, we design our programmes to fit our client s and students needs, not the other way round. BPP is the market leader for CIMA and ACCA examination training, our pass rates are consistently above the national average. Your business will also benefit from BPP Learning Media s expert tuition material, which is used in more than 150 countries in the world. BPP opened the Hungarian office in 2000. We provide training in accounting and finance for a number of professional qualifications, such as ACCA (Association of Chartered Certified Accountants) or DipIFR (Diploma in International Financial Reporting), CFA (Chartered Financial Analyst) and CIMA (Chartered Institute of Management Accountants). Our non-exam courses are primarily designed to develop and update the knowledge of participants on International Financial Reporting Standards (IAS-IFRS) and US GAAP principles. 3

Why choose BPP Professional Education? Expert tutors Extensive experience on the market: our tutors have been providing services in the CEE for several years, thus have extensive experience regarding the characteristics of the specific market. Real life experience: our tutors are qualified professionals in what they teach. Teaching comes first: training does not take second place to consultancy or research. Constant training: regular reviews ensure continuous refinement of teaching methods. Delegate focus: we know what it takes to integrate training into busy work schedules and how to weave training into short and long term career goals. The best learning media on the market As the training provider of choice for many top financial and international firms, we invest heavily in tailoring material and expertise on each subject we offer. Our industry leading, exam-focused materials help develop skills to escalate careers and stay competitive. Flexibility and Diversity We are ready to adapt to student and/or employer requirements by offering classroom, blended and online courses best fitting work schedule and busy lifestyle. Face-to-face booster classes are offered free of charge. Continuous Support Save important time A team of highly trained professionals is available at any time for students requiring any syllabus-related assistance and a customer service team to provide technical or administrative support. Outstanding administration and client service We are passionate about delivering excellent client service. From enquiry and registration to schedules, we support our clients at each stage to ensure maximum convenience. 4

The CFA qualification Established in 1962, the CFA Program sets the global standard for investment, knowledge, standards and ethics. Passing the CFA examination can help career advancement and highlights to clients, employers and colleagues that the charterholder has mastered a broad range of investment topics and is committed to the highest ethical standards in the profession. The CFA Program is designed to equip students with the investment knowledge and ethical principles to excel in financial markets. As a measure of its global recognition, more than 139,000 CFA candidates from 160 countries sat for the CFA exam in June 2010. Without a doubt, earning a CFA charter will enhance credibility and competitive advantage in the global workplace, as well as connecting candidates to a global network of over 100,000 Charterholders. Who takes the exam? Analysts, Equity & Fixed Income CEO/Chairman/Partner/Principal/CIO/CFO Accountants/Auditors Investment Bankers Investment Firm Managers Portfolio Managers Trader/Securities Sales/Marketing Managers Investment Counsellors (Source: CFA Institute website) Who is eligible to register? To enrol for the CFA Program, a delegate must fulfil the entrance requirements. Candidates must: have a bachelor s degree, be in the final year of their bachelor s degree, or have four years of qualified, professional work experience or a combination of work and college experience that totals at least four years meet the professional conduct admission criteria be prepared to take the examinations in English Registering for the first exam also enrols students as a candidate on the CFA Program. A one-off enrolment fee is required in addition to the exam registration fee. To preserve the candidate status students must maintain a commitment to the CFA Institute Code of Ethics and Standards of Professional Conduct a commitment that demands putting the interests of clients first. 5

The CFA curriculum CFA candidates receive the CFA Program curriculum as part of their exam registration fee. The curriculum of the CFA program includes the following main topics: Ethical and professional standards Quantitative methods Economics Financial reporting and analysis Corporate finance Portfolio management and wealth planning Equity investments Fixed income investments Derivatives Alternative investments CFA Charter Requirements Gaining the charter takes a minimum of 2 to 3 years. Candidates are to: Pass each of the Level I, II and III exams CFA Institute recommends a minimum of 250 hours of study per exam level with substantially more depending on individual circumstances. Meet the work experience requirements Candidates will need four years of acceptable professional work experience for regular membership. Become a regular member of CFA Institute Receive the official status CFA Institute will notify candidates when they have completed all requirements and can begin using the CFA designation. Maintain the CFA status Follow the CFA charterholder guidelines. For full details on the CFA charter requirements, please visit CFA Institute s website at www.cfainstitute.org 6

Study option currently available: online classroom At an Online Classroom course students will receive a wealth of physical and online products alongside a named tutor to support them throughout their studies. The table below details all of the materials students will receive. PHYSICAL MATERIALS Classroom Course slides Passcards (L1 and L2) Formula sheet Progress tests Course exam 1 and 2 Final mock Study session overviews Students will receive physical versions of all the materials/resources above. ONLINE-COURSE CONTENT Lecture recordings in Flash and MP4 Study guides for each reading assignment Online tutorials and ilearn modules Online question bank Useful downloads Introductory maths, accounts and economics modules (L1) Refresher modules and tests (L2 and L3) Exam debriefs Forum for general queries These materials/resources are the online equivalents of the physical materials, or additional materials specifically designed for the onlinelearning environment. They are available to all students who buy an online programme. STUDENT COHORT Student forum Dedicated distance learning tutor support These Online resources can only be accessed by the student and the cohort they are part of. Supplementary learning Students can tailor their preparation for each level of their CFA training to their particular needs by choosing from the following additional courses: Level I: Financial Maths Booster course This is an excellent introduction to the financial maths used throughout the course and provides an opportunity for students to familiarise themselves with how to operate of the Texas BaII Plus calculator. Level I: Question-based revision course This course pays particular attention to focused exam preparation and improving your exam technique. This is important because one of the main reasons why so many candidates struggle to get through the exam is due to a lack of exam technique, rather than a lack of knowledge. Our tutors will provide you with an overview of key points followed by question practice to assist you in preparing for the exam. 7

Course prices and other fees Online classroom prices include all physical study materials listed above, online access until the date of the exam and full access to the student cohort and the cohort tutor. Online classroom (GBP) Level 1 Level 2 Level 3 599 GBP + VAT 699 GBP + VAT 699 GBP + VAT Please note that CFA students have to complete their own registration and exam application. These prices do not include registration for the exams as detailed below: June 2013 Exam. Fees are in U.S. dollars. by 13 February 11:59 p.m. ET by 13 March 11:59 p.m. ET Program Enrollment (new Level I only) $440 $530 Exam Registration $780 $1055 Curriculum both ebook and $50 (includes print versions shipping) Total $1,270 $1,635 $50 (includes shipping) December 2013 Exam (Level I only). Fees are in U.S. dollars. by 13 March 11:59 p.m. ET by 21 August 11:59 p.m. ET Final deadline 18 September 11:59 p.m. ET Program Enrollment (new Level I only) $440 $530 $530 Exam Registration $680 $780 $1055 Curriculum both ebook and $50 (includes print versions shipping) $50 (includes shipping) $50 (includes shipping) Total $1,170 $1,270 $1,635 The exam registration fee includes the cost of the CFA Program curriculum and access to a free printable PDF version of the mock exam available on the CFA institute website. For further information on fees and registration, please refer to the CFA website. 8

CFA Examinations Each year the CFA Program curriculum consisting of assigned readings and Learning Outcome Statements is released, which highlights what students will be expected to know in the exam. What language are the exams written in? All CFA exams are written in English. All BPP courses and study materials for CFA exams are in English. How many exams have to be taken? Entrants must pass three levels of examinations sequentially. Level I exams can be sat in December or June; Level II and III exams can be sat in June only. Candidates face 6 hours of examination, broken down into two 3 hour sessions, one in the morning and one in the afternoon. Level I Level II Level III Length 2 papers, each 3 hours 2 papers, each 3 hours 2 papers, each 3 hours Format 120 individual multiple choice questions per paper. 240 questions in total. Item set. 10 scenarios per paper. 6 multiple choice questions per scenario. 120 questions in total. Constructed response in the first paper, comprising short form written answers to scenario questions. 10 item sets (as per level II) in the afternoon paper. Where are the exams? CFA exams can only be sat at assigned test centres. For the official list of test centres please visit CFA Institute s website at www.cfainstitute.org June exams can normally be taken in Budapest as well, for the December exams there is no test centre available in Hungary. How long are the exams and what is the pass mark? As noted above, CFA exams are for 6 hours. Candidates are reported about the exam results by the CFA Institute via email. Candidates receive a pass or fail result but no individual marks are ever disclosed. Exam Results Your exam results are reported within 60 days for Level I and Level II, and within 90 days for Level III exams. 9

References Listed below are some of the organisations who have already chosen BPP Hungary: Auchan Magyarország Kft. Alcoa-Köfém Kft. Állami Nyomda Nyrt. Atco Frontec Európa Kft. AVIS Group Business Support Centre Kft. Aviva Life Insurance Ltd. BDO Magyarország Kft. Bekomold Kft. BMW Magyarország Kft. BP European Business Service Centre Kft. Capita Hungary Kft. Coca-Cola Magyarország Szolgáltató Kft. Dalkia Energia Zrt. Deloitte Kft. Deloitte Zrt. Diageo Üzletviteli Szolgáltatások Kft. Dunedin Szolgáltató Zrt. Exxonmobil Üzletsegítő Központ Kft. GE Infrastructure Hungary Holding Kft. Getronics Magyarország Kft. GlaxoSmithKline Biologicals Kft. Honeywell Szabályozástechnikai Kft. HSBC Credit Zrt. IBM Hungary ISSC Kft. Invitel Zrt. K&H Nyrt. KIKA Lakberendezési Kft. KPMG Hungária Kft. KPMG Tanácsadó Kft. Lafarge Cement Magyarorszag Kft. Le Chèque Déjeuner Kft. Lilly Hungária Kft. Maersk Hungary Kft. Magyar Telekom Nyrt. Magyar Villamos Művek Zrt. Mazars Könyvszakértő és Tanácsadói Kft. Mercedes Benz Credit Zrt. Metro Kereskedelmi Kft. MOL Nyrt. Morgan Stanley Magyarország Elemző Kft. Novartis Hungária Kft. OKI Systems Magyarország Kft. PannonPower Holdings Zrt. Philip Morris Magyarország Kft. Reckitt Benckiser Kft. Renault Trucks Hungária Kft. SAB Miller Kft. Sade Magyarország Mélyépítő Kft. SEWS-Components Europe B.V Swedwood Sopron Kft. Synergon Nyrt. Tata Consultancy Services Ltd. Tesco Global Áruházk Zrt. TEVA Magyarország Gyógyszerforgalmazó Zrt. Unicredit Bank Hungary Zrt. Unysis Magyarország Kft. Yorkshire Fittings Gyártó Kft. 10

Contact us Marianne Hokky +36 20 960 6234 mariannehokky@bpp.com Managing Director Stella Vajda +36 20 956 1476 stellavajda@bpp.com Business Development Manager Zsófia Hajnal Customer Services and Marketing Manager +36 70 866 4792 zsofiahajnal@bpp.com Address: BPP International Ltd. Fióktelepe 1075 Budapest, Károly krt. 3/a Tel: +361 483 1221, Fax: +361 483 0762 Web: www.bppinternational.hu Registration no.: 01-0982-04 CFA disclaimer CFA Institute does not endorse, promote or warrant the accuracy or quality of the products or services offered by BPP Professional Education. CFA Institute, CFA and Chartered Financial Analyst are trademarks owned by the CFA Institute. BPP s courses and materials are developed to complement the core curriculum and to facilitate the learning process and are not to be used as a substitute for study of the prescribed curriculum. 11