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This Program is designed to equip you with the knowledge based on CFA Level 1 curriculum and comprises of 4
modules. The first module is the basic tool needed for conducting an analysis. Ethics is also considered the basic tool.
Financial Statement Analysis Module helps you understand financial statements and capital structure of a firm
Asset Valuation Module provides the basic of 4 major asset classes and the basic of portfolio management.
The last module deals with review and exam preparation.
Module I: Ethics, Quantitative and Economics + Review Previous Topic 1 & 2 (18 Sessions) – 5 Weeks
This module will cover some topics which becomes the basic for the latter topics. It covers Ethics, a very important subject, which you must
adhere to as a CFA candidate. Then Economics, mostly in theoretical and application form. In this topic you will learn about the market and
financial environment, both macro and micro in which companies operate. Then on Quantitative Methods or Statistics you learn on how to
do proper data collections, samplings, calculations and hypotheses testing which you can use for testing assumptions, calculating the probability
of events etc.
Day Sess CLASS A (Weekdays) Weekend Sess CLASS B (Weekend) CLASS C (Weekend)
No. Weekdays No. No.
ion L Topic ion L Topic L Topic
1 25 Jul 18 Wed A RI Ethics and Prof. Std (1) 1 28-Jul-18 A VH Ethics and Prof. Std (1) 1 SA Economics (1)
2 25 Jul 18 Wed B RI Ethics and Prof. Std (3) 2 28-Jul-18 B VH Ethics and Prof. Std (4) 2 SA Economics (2)
3 27 Jul 18 Friday A RI Ethics and Prof. Std (2) 3 28-Jul-18 C RI Ethics and Prof. Std (3) 3 SA Ethics and Prof. Std (3)
4 27 Jul 18 Friday B RI Ethics and Prof. Std (4) 4 28-Jul-18 D SA Economics (1) 4 RI Ethics and Prof. Std (1)
5 28-Jul-18 E SA Economics (2) 5 RI Ethics and Prof. Std (4)
5 30 Jul 18 Monday A SA Economics (1) 6 4-Aug-18 A AN Financial St. Analysis (1) 6 BE Economics (3)
6 30 Jul 18 Monday B SA Economics (2) 7 4-Aug-18 B AN Financial St. Analysis (2) 7 BE Quantitative Methods (1)
7 1 Aug 18 Wed A CW Economics (5) 8 4-Aug-18 C BE Economics (3) 8 AN Financial St. Analysis (1)
9 4-Aug-18 D BE Quantitative Methods (1) 9 AN Financial St. Analysis (2)
10 4-Aug-18 E BE Ethics and Prof. Std (2) 10 AN Ethics and Prof. Std (2)
8 3 Aug 18 Friday A SD Economics (3)
9 3 Aug 18 Friday B SD Economics (4) 11 11-Aug-18 A TS Financial St. Analysis (3) 11 FS Financial St. Analysis (5)
10 6 Aug 18 Monday A RI Financial St. Analysis (1) 12 11-Aug-18 B TS Financial St. Analysis (4) 12 FS Financial St Analysis (6)
11 6 Aug 18 Monday B RI Financial St. Analysis (2) 13 11-Aug-18 C FS Financial St. Analysis (5) 13 HW Financial St. Analysis (3)
14 11-Aug-18 D FS Financial St Analysis (6) 14 HW Financial St. Analysis (4)
12 8 Aug 18 Wed A HW Financial St. Analysis (3) 15 25-Aug-18 A AV Financial St Analysis (10) 15 PM Financial St Analysis (7)
13 8 Aug 18 Wed B HW Financial St. Analysis (4) 16 25-Aug-18 B AV Financial St Analysis (11) 16 PM Financial St Analysis (8)
14 10 Aug 18 Friday A FS Financial St. Analysis (5) 17 25-Aug-18 C PM Financial St Analysis (7) 17 AV Financial St. Analysis (9)
15 10 Aug 18 Friday B FS Financial St. Analysis (6) 18 25-Aug-18 D PM Financial St Analysis (8) 18 AV Financial St Analysis (10)
19 25-Aug-18 D PM Financial St Analysis (9) 19 AV Financial St Analysis (11)
Module II: Financial Statement Analysis + Corporate Finance (16 Sessions) – 3.5 Weeks
This module covers about the basic tenet of company valuation process, that is to understand and analyze Financial Statements issued by a firm and
to judge its quality and reliability. Some popular issues such as difference in accounting standards are also discussed. In Corporate Finance you will
learn about the various aspects of the capital structure of a firm including how to calculate the cost of equity and capital budgeting.
Day Sess CLASS A (Weekdays) Weekend Sess CLASS B (Weekend) CLASS C (Weekend)
No. Weekdays No. No.
ion L Topic ion L Topic L Topic
16 13 Aug 18 Monday A BR Financial St Analysis (7) 20 1-Sep-18 A CW Economics (4) 20 RK Corporate Finance (1)
17 13 Aug 18 Monday B BR Financial St Analysis (8) 21 1-Sep-18 B CW Economics (5) 21 RK Corporate Finance (2)
18 15 Aug 18 Wed A AN Financial St Analysis (9) 22 1-Sep-18 C RK Corporate Finance (1) 22 CW Economics (4)
19 15 Aug 18 Wed B AN Financial St Analysis (10) 23 1-Sep-18 D RK Corporate Finance (2) 23 CW Economics (5)
20 27 Aug 18 Monday A AV Financial St. Analysis (11) 24 15-Sep-18 A YS Quantitative Methods (2) 24 FS Corporate Finance (3)
21 27 Aug 18 Monday B AV Corporate Finance (1) 25 15-Sep-18 B YS Quantitative Methods (3) 25 FS Corporate Finance (4)
22 3 Sep 18 Monday A RI Quantitative Methods (1) 26 15-Sep-18 C FS Corporate Finance (3) 26 AV Quantitative Methods (2)
23 3 Sep 18 Monday B RI Quantitative Methods (2) 27 15-Sep-18 D FS Corporate Finance (4) 27 AV Quantitative Methods (3)
24 5 Sep 18 Wed A RI Quantitative Methods (3)
25 5 Sep 18 Wed B RI Quantitative Methods (4)
26 10 Sep 18 Monday A RI Quantitative Methods (5) 28 22-Sep-18 A FW Equity Investment (1) 28 FK Quantitative Methods (4)
27 10 Sep 18 Monday B RI Quantitative Methods (6) 29 22-Sep-18 B FW Equity Investment (2) 29 FK Quantitative Methods (5)
28 12 Sep 18 Wed A RK Corporate Finance (2) 30 22-Sep-18 C RI Quantitative Methods (4) 30 FW Equity Investment (1)
29 12 Sep 18 Wed B RK Corporate Finance (3) 31 22-Sep-18 D RI Quantitative Methods (5) 31 FW Equity Investment (2)
32 RI Quantitative Methods (6)
Module III: Asset Valuation + Portfolio Management (19 Sessions) – 4.5 Weeks
This module covers about the core topics: Asset Valuation and Portfolio Management. On Asset Valuation you will learn the basic concepts
and valuation methods for Equity, Debt, Derivatives and Alternatives Investments, four major asset classes. On Portfolio Management we cover the
development of portfolio management theories and introduction about diversification concept.
Day Sess CLASS A (Weekdays) Weekend Sess CLASS B (Weekend) CLASS C (Weekend)
No. Weekdays No. No.
ion L Topic ion L Topic L Topic
30 17 Sep 18 Monday A RI Corporate Finance (4) 32 29-Sep-18 A FK Quantitative Methods (6) 33 FW Equity Investment (3)
31 17 Sep 18 Monday B RI Quantitative Methods (7) 33 29-Sep-18 B FK Quantitative Methods (7) 34 FW Equity Investment (4)
32 19 Sep 18 Wed A RK Equity Investment (1) 34 29-Sep-18 C FW Equity Investment (3) 35 RI Quantitative Methods (7)
33 19 Sep 18 Wed B RK Equity Investment (2) 35 29-Sep-18 D FW Equity Investment (4) 36 RI Debt Investment (1)
37 RI Debt Investment (2)
34 1 Oct 18 Monday A VH Equity Investment (3) 36 13-Oct-18 A CL Derivative Investments (1) 38 SO Debt Investment (3)
35 1 Oct 18 Monday B VH Equity Investment (4) 37 13-Oct-18 B CL Derivative Investments (2) 39 SO Derivative Investments (1)
36 3 Oct 18 Wed A RI Debt Investment (1) 38 13-Oct-18 C RI Debt Investment (1) 40 SO Derivative Investments (2)
37 3 Oct 18 Wed B RI Debt Investment (2) 39 13-Oct-18 D RI Debt Investment (2)
38 8 Oct 18 Monday A RI Debt Investment (3) 40 13-Oct-18 E RI Debt Investment (3)
39 8 Oct 18 Monday B RI Debt Investment (4)
40 10 Oct 18 Wed A FK Debt Investment (5) 41 20-Oct-18 A SD Portfolio Management (1) 41 YS Debt Investment (4)
41 10 Oct 18 Wed B FK Debt Investment (6) 42 20-Oct-18 B SD Portfolio Management (2) 42 YS Debt Investment (5)
42 12 Oct 18 Friday A BE Derivative Investments (1) 43 20-Oct-18 C YS Debt Investment (4) 43 SD Debt Investment (6)
43 12 Oct 18 Friday B BE Derivative Investments (2) 44 20-Oct-18 D YS Debt Investment (5) 44 SD Portfolio Management (1)
45 20-Oct-18 E YS Debt Investment (6) 45 SD Portfolio Management (2)
44 15 Oct 18 Monday A SH Derivative Investments (3) 46 27-Oct-18 A FS Alternative Investment 46 SH Derivative Investments (3)
45 15 Oct 18 Monday B SH Derivative Investments (4) 47 27-Oct-18 B FS Exam Tips 47 SH Derivative Investments (4)
46 17 Oct 18 Wed A VH Portfolio Management (1) 48 27-Oct-18 C SH Derivative Investments (3) 48 FS Alternative Investment
47 17 Oct 18 Wed B VH Portfolio Management (2) 49 27-Oct-18 D SH Derivative Investments (4) 49 FS Exam Tips
48 22 Oct 18 Monday A FS Alternative Investment (1)
49 22 Oct 18 Monday B FS Exam Tips
50 Take A Quick Pre Test Exam 50 Take Quick Pre Test Exam 50 A Quick Pre Test Exam
51 Home B 51 Home 51 B
Quick Pretest will be distributed on 22 Oct 2018 for weekday class and 27 Oct 2018 for weekend classes
Module IV: Review Class + Practice Exam + Explanatory (12 Sessions) – 3 Weeks
After studying the theories, we move on to prepare for real exam. The review sessions focus on how to solve different types of multiple choice
problems that you will face on the exam. Then you will have a mock exam, full day sessions in which you will face a test which is similar to the real
exam. This mock exam will be graded and the top four participants will receive rewards. Then in solution sessions we will discuss each problem faced
during the mock exam in detail and how to solve them amicably.
Day Sess CLASS A (Weekdays) Weekend Sess CLASS B (Weekend) CLASS C (Weekend)
No. Weekdays No. No.
ion L Topic ion L Topic L Topic
52 29 Oct 18 Monday A AN Review Class 1 52 3 Nov 18 A RI Review Class 3 52 AS Review Class 2
53 29 Oct 18 Monday B AN Review Class 2 53 3 Nov 18 B RI Review Class 4 53 AS Review Class 5
54 31 Oct 18 Wed A RI Review Class 3 54 3 Nov 18 C AS Review Class 1 54 SH Review Class 4
55 31 Oct 18 Wed B RI Review Class 4 55 3 Nov 18 D AS Review Class 5 55 SH Review Class 1
56 2 Nov 18 Friday A RI Review Class 5 56 3 Nov 18 E AS Review Class 2 56 SH Review Class 3
57-60 10 Nov 18 Saturday PRACTICE EXAM: Morning Session 09.00-12.00 and Afternoon Session 13.00-16.00*, No coffee break provided
61 14 Nov 18 Wed A AN Solution Class 1 61 24 Nov 18 A RI Solution Class 4 61 AN Solution Class 2
62 14 Nov 18 Wed B AN Solution Class 2 62 24 Nov 18 A RI Solution Class 5 62 AN Solution Class 3
63 21 Nov 18 Wed A RI Solution Class 3 63 24 Nov 18 B AN Solution Class 1 63 RI Solution Class 1
64 21 Nov 18 Wed B RI Solution Class 4 64 24 Nov 18 C AN Solution Class 2 64 RI Solution Class 4
65 23 Nov 18 Friday A RI Solution Class 5 65 24 Nov 18 D AN Solution Class 3 65 RI Solution Class 5
Notes * Quick Pretest is take home session. No lecturing is provided
** FULL DAY Sat 09.00-16.00, those who cannot join on that day can join on alternative test date of 14 and 15 November 2018 (18.30-21.30)
Init Name / Occupation / Organization Email Address
AD Aditya Sutandi, CFA aditya.sutandhi@hotmail.com
AS Agus Salim, CFA (Independent Practitioner) agussalim09@gmail.com
AV Andre Varian, CFA, FRM (Portfolio Manager, BNI Asset Management) andre.varian@gmail.com
AN Andreyoso Sutikno, CFA (Kendall Court, Investment Manager) andreyoso88@hotmail.com
BE Bramantya Egin, CFA (Head of Product Development) eginpratama@gmail.com
CL Christian Linardo, CFA (Risk Methodology & Development Specialist) christianlinardo@gmail.com
BR Budi Rustanto, M.M., CFA, FRM, CSA darmadir@cbn.net.id;firewalk_82@yahoo.com
CW Christofer Wibisono, MA, CFA (Director, Wijaya Wisesa Group) cwibisono@gmail.com
FK Franky Venly Kumendong, CFA (Investment Analyst, Sequis) frankyvk@yahoo.com
FS DR. Ferdinand Sadeli, MAF, CFA, CPA, FRM, CFOS (CFO, Sinarmas Land) ferdinand.sadeli@sinarmasland.com
FW Ferry Wong, MBA, CFA, FRM (Head of Indonesia Research, Citigroup Securities) ferry.wong@citi.com
HW Hariyanto Wijaya, CFA, CPA, CFP, CMT (Vice President, Research Department) hariyantowijaya@yahoo.com;hariyanto.wijaya.cpa.cfa@gmail.com
MI Mohammad Indraputra, CFA (Saratoga) muhammad.indraputra@gmail.com
NR Nathalia Ratulangie, CFA (Citibank) nyratulangi@gmail.com; natalia.yoselin.ratulangi@citi.com
NS Nathanael Sutanto, CFA (Head of Investment, Heidelberg) nathanael.sutanto@gmail.com
PM Pintaro Mulia, CFA, CFOS (President Director, PT Citra Adi Karunia Pusaka) pintaro@gmail.com
Ricky Ichsan, CFA, FRM, PFM, CFP, CFOS, ERMCP, CRMP, CSA, CRP (Managing Director, Ghera
RI rickyichsan72@yahoo.co.id
Multi Wahana)
RK Ruben Kurniawan, CFA, FRM, CAIA rubenkurniawan@gmail.com
SA dr Saka Abadi, MBA, MSc (Infinity Capital) sakaabadi@yahoo.com
SD Sandy Hartawan, CFA sandy.hartawan@gmail.com
SH Santoso Himawan (Finance Director, Spectra Alam Sejahtera) santosohimawan@yahoo.com
SO Suryadi Ong, CFA (Director, Citibank Indonesia) suryadi.ong@gmail.com
SP Sugeng Purwanto, PhD , FRM (Dean, Paramadina) s-p@cbn.net.id / spvmax@yahoo.com
TS Triono Soedirdjo, CFA (Managing Partner, PwC) triono.soedirdjo@id.pwc.com
VH Vivi Handoyo Lie, CFA (Analyst, Citigroup) vivihlie@gmail.com
YS Yohan Setio, CFA (Vice President, Bank Mandiri) yohan.setio@bankmandiri.co.id
Participants may contact lecturers for queries on a specific study session/reading by emailing to Lecturer for the particular subject