- 關於 CFA
- CFA 考試
- CFA 活動
- Research Challenge
CFA Program 考生常見問題說明
以下內容僅是翻譯自CFA Institute網站，一切規定或說明仍以英文原文為準。本協會不保證翻譯的正確性，亦不保證會同步更新CFA Institute網站上的相關資訊。若要確認相關規定仍應參考CFA Institute網站原文或直接聯絡美國CFA Institute為準。勿以本站翻譯內容為最終規定依據。
I am a candidate in the CFA Program. Am I also a member of CFA Institute?
No. The CFA Institute membership process is separate from enrollment for the CFA Program.
Is there a time limit for candidates to complete all three exam levels in the CFA Program?
No, you may take as long as you need to complete the CFA program; your exam results never expire; and we don’t limit the number of times you can sit for each exam level.
問：我註冊(enroll)CFA Progrma已經7年了，我是否還要再繳一次註冊費(enrollment fee)？
It has been several years since I enrolled in the CFA Program. Will I have to pay the enrollment fee again?
答：不需要。考生在一開始參加CFA Program時需繳交註冊費。考生之後來參加各級考試時只要繳交該次考試的報名費(registration fee)即可。
No, applicants pay an initial enrollment fee upon entering the CFA Program. Returning candidates pay only the registration fee for each exam taken.
Where can I view past exams?
Many actual exam questions are embedded in the curriculum and included in the online sample and mock exams. We do, however, take great care to eliminate past questions that are no longer consistent with the current curriculum and question-formatting conventions. We also provide free sample questions for each exam level to allow you to get a sense of the rigor.
May my employer verify the status of my application?
CFA Institute may only verify for an employer the receipt of any recent payments they have made on your behalf. All other information is confidential. Candidates must contact CFA Institute directly for further assistance.
If I pass the Level I exam in December, can I register for the Level II exam held the following June?
Yes, candidates who pass Level I in December can register for the Level II exam held the following June.
When will my exam results be available?
Exam results are typically available for December exams in mid-January and for the June exams between mid-July and late August.)
Can you help me determine if my degree is comparable to a U.S. bachelor’s degree?
Generally, applicants must have reached a level of study that qualifies them for acceptance to university graduate programs in the countries where they earned their undergraduate degrees. If you need assistance to determine whether or not your degree is comparable to a U.S. bachelor’s degree, CFA Institute suggests that you contact your college or university to make an inquiry.
考試報名/註冊 Exam Enrollment/Registration
When will I receive specific details on my test center location?
答：考場的確切位置會印在您的准考證上(exam admission ticket)。在六月份參加考試的考生可以在四月下旬於線上列印准考證，而在十二月份參加考試的考生能夠在十月下旬於線上列印准考證。CFA協會將在准考證開放列印時通知您。
The exact location of your test center will be printed on your exam admission ticket. Admission tickets for the June exam will be available in late April. Admission tickets for the December exam will be available in late October. You will receive notice from CFA Institute when the online ticket system is available.
How do I change my test center?
Follow these instructions. CFA Institute will grant such requests if space is available.
I just moved and sent in my address change form. Will you automatically change my test center?
No. Changing your address and changing your test center are two separate processes. You can submit a change of mailing address at any time. Candidates who want to change test centers for the CFA exams must follow these instructions.
If I withdraw from the December Level I exam, do I have to wait until the forms have been processed and confirmed before I apply for the June exam?
No. Candidates may submit a paper re-registration application for the June exam at the same time they submit their request to withdraw from the December exam, but they cannot apply online until their withdrawal is processed. However, please note that registration fees cannot be refunded or transferred from one exam to the next. You will need to pay another registration fee for the June exam.
If I request an exam score retabulation, should I wait to receive the retabulation result before re-registering?
No. We strongly encourage you to re-register at the earlier (and less expensive) deadline.
I am not able to sit for the exam. Can I request a refund or transfer my registration to the next exam
答：不行。一旦您申請了CFA Program，我們全部的規定都會即刻生效（根據規定，這樣是不可以退費的）。就如同我們的退費規定所述，CFA Program的註冊費(enrollment fee)和考試報名費(exam registration fee)皆不可退費，且不可移轉(也就是說，您不能讓別人使用您的註冊費或是考試報名費，而您也不能拿註冊A考試的費用去參加B考試）。請注意，您的CFA Program註冊費(enrollment fee)只需要繳交一次。
No. Once you submit your application for the CFA Program, all of our policies immediately go into effect. As our refund policy states, your CFA Program enrollment fee and exam registration fee are non-refundable and non-transferable (i.e. another candidate cannot use your fees and you cannot apply your fees to another exam offering). Please note that your CFA Program enrollment fee will remain valid throughout your candidacy.
How long does it take to process my enrollment and registration application?
Online applications are processed within 48 hours and you will be notified of your status.
May I withdraw my registration in the Level I exam?
Yes. View complete information on withdrawal options. If you would like to re-register for the Level I exam, fax the appropriate registration form along with your withdrawal request to +1 (434) 951-5240. Deadline information is available on the withdrawal request form.
I am a U.S. veteran. Can I be reimbursed for CFA Program fees?
Yes. You pay CFA Program fees up front and we provide you with documentation to submit to the U.S. Department of Veterans Affairs for reimbursement. Please contact us for more information.
What features of the approved calculators should I be prepared to use on the exams?
You should practice and become proficient at using any of the specific calculator features needed to address the learning outcome statements (LOS) in the curriculum. Examples include, but are not limited to, present and future values, annuity payments, square roots, and exponents. You should also know how to use general features of your chosen calculator, such as changing the number of decimal places displayed.
問：我必須使用螺絲起子替換Texas Instruments BA II Plus的電池，如果考試時電池沒電，會被允許使用嗎？
I have to use a screwdriver to replace the batteries in my Texas Instruments BA II Plus calculator. Will I be allowed to do this during the exams if my battery dies?
Yes. If your calculator requires the use of a screwdriver to replace batteries, you may bring one and keep it in your pocket or place it under your chair until you need to use it. However, CFA Institute advises you to place fresh batteries in your calculator(s) on the day before the exams. Replacing batteries during the exams will use valuable testing time.
問：在使用HP 12C計算機進行貨幣的時間價值計算時會遇到問題，我該擔心HP 12C在計算累積給定終值所需之時間時自動進位的問題嗎？
There is a problem with using the HP 12C calculator to do some time value of money calculations. Should I be concerned that the HP 12C automatically rounds up when computing the time required to accumulate a given future value?
No. CFA Institute is aware that the HP 12C rounds up when computing the time required to accumulate a certain sum. We have taken that into consideration in the creation of questions and in the grading process.
I understand that there are only two calculator models that I’m allowed to use. This is an archaic rule that has no basis except to impose restrictions on candidates. Why can’t I use my HP17B2?
答：許多計算機，例如HP17B2，含有儲存文字的功能，可能導致考生將事先儲存的文字內容帶進考場，造成不公平的情形。藉由採用准許政策(規定考生只能使用何種計算機，編按：正面表列)而非省略政策(試圖規定考生不能使用何種計算機，編按負面表列)，我們較容易維護CFA考試的一致性，對許多專業考試機構而言，提供准許使用機型的清單乃標準慣例。在現行政策中，偏好後序運算式(Postfix notation)的考生可使用HP的機型，偏好代數運算式(algebraic notation)的考生則可使用TI的機型，兩種機型都可以在CFA考試中使用，於全球銷售且相對而言並不昂貴，此政策是為所有考生創造公平競爭環境而發展的。請注意：CFA協會本身並不銷售計算機，也不會從這兩種機型的銷售中取得任何報酬。
Many calculators, such as the HP17B2, have text-storing capabilities. Candidates could bring text stored in the calculator into the testing room, creating an unfair situation. By adopting a policy of permission (defining what a candidate may use) rather than a policy of omission (attempting to describe what the candidate may not use), we can more easily protect the integrity of the CFA exam. It is a standard practice of many professional testing bodies to provide a short list of permissible models. In the current policy, the HP model is available for candidates who prefer Postfix notation entry, and the TI model is available for those who prefer algebraic notation entry. Both of the models approved for use on the CFA exams are available for sale worldwide and are relatively inexpensive. The policy was developed to create a level playing field for all candidates. Please note that CFA Institute does not sell calculators, nor does CFA Institute receive any financial remuneration from sales of either calculator model.
I heard that CFA Institute writes the exam questions based on what is, or is not, in the notes prepared by prep course providers. Is that true?
No. The exam development process begins long before any review course has published its notes. CFA Program question writers begin drafting exam questions in mid-July, and spend many months reviewing and fine-tuning the questions and guideline answers. Exam questions are finalized by early March so that copyediting and secure printing can take place in time to ship the exams around the world.
Do commercial prep course providers receive advance exam details from CFA Institute?
No. At no time during the exam development process do either the question writers or CFA Institute staff consult with or provide exam information to prep course providers. It is important to note that prep course providers can only guess at what items will appear on the exams; very often they guess wrong.
I have begun studying for the Level I exam and discovered that there are many formulas presented. Are candidates expected to memorize all these formulas?
答：考生應該參考我們的學習成果說明（learning outcome statements， LOS）。如果說明中明確指出，考生應該要記得某條公式，那麼，那條公式就應該要被記起來。
Candidates are expected to be able to perform the actions specified in the learning outcome statements (LOS). If a formula is required, then it should be committed to memory.
Am I required to buy the CFA Program curriculum separately?
Beginning with the 2008 exams, the complete curriculum is included as part of the registration. Learn more about this change.
Remember that the exams are developed directly from the curriculum and are consistent with the learning outcome statements (LOS) assigned by CFA Institute. There is no substitute for studying the original material.
How is the curriculum shipped and when will I get it?
答：指定教材會透過UPS寄送（國際包裹採用Worldwide Saver方案/北美地區採用UPS Ground方案。對於美國考生，從寄出日起，教材大約需要等待六至九個工作天才會寄達。至於國際考生，教材應會在寄出後的九個工作天內到達海關。包裹何時出關則取決於考生。
The curriculum is shipped via UPS (Worldwide Saver for international shipments/UPS Ground for North America shipments). Candidates should allow six to nine business days for delivery. For international candidates, the package should reach the customs department within nine business days. It will be up to the candidate to clear the package from customs.
I live outside the United States. Will I have to pay any additional import fees when the CFA Program curriculum is shipped to me?
答：可能要。各國海關及進口規定均不同，很抱歉我們無法提供適用於所有考生的詳細資訊。如果當地法規要求您支付進口費用，快遞公司(UPS, FedEx, or DHL)將會另行通知您相關資訊。
Maybe. Customs and import requirements vary from country to country, and unfortunately we cannot provide detailed information that will apply to all candidates. If your local regulations require you to pay an import fee, you will be contacted by the shipping company (UPS, FedEx, or DHL) with additional information.
Why can’t I bring my mobile phone into the testing room if I agree to turn the sound off?
CFA Institute is concerned not only for the distraction posed by ringing telephones, but also for the potential for cheating. With camera and text messaging capabilities, mobile phones are actively being used by students around the world to take an unfair advantage. Therefore, to ensure a fair and equitable opportunity for all candidates, mobile phones are not allowed in the testing room. Any mobile phone found in the testing room will be confiscated, and the candidate will be reported to CFA Institute for disciplinary action.
Is there a dress code for the exams?
No. CFA Institute advises candidates to dress comfortably and in layers. Temperatures in the testing room should be comfortable; however, sometimes candidates get hot or cold during the exams. We suggest that you wear soft-soled shoes to keep noise in the testing room to a minimum.
What is the CFA Institute contingency plan in the event of inclement weather?
CFA Institute will make every effort to administer the exam as scheduled. Please view the cancellation policy.
What is the exam day schedule like?
答：請參閱一般考試日(typical exam day)的部分。
Read about a typical exam day.