CFA In-class Training Program - Ernst & Young

Programme starts: 24 January 2014 (Level 1) 31 January 2014 (Level 2) Timetable – pages 2 & 3 Place: Tbilisi

CFA® In-class Training Program (ahead of the June 2014 exam session for Level I and Level II) Client Relationship Manager Marika Vakhtangishvili Mobile: +955 99 31 07 05 [email protected] EY Georgia Baratashvili 8, 0105 Tbilisi, Georgia Tel: +955 32 243 93 75 Fax:+955 32 243 93 76

Why EY Academy of Business? ►

The market leader for financial services in the CIS and abroad

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Proven experience and reputation since 1993 Over 65 000 specialists trained by the Academy

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Qualified tutors, experienced in their subject and fully dedicated in CFA® training Ongoing improvement and updating of the training materials, methodology and techniques On-line support of participants by the tutors throughout the period of their self-study

“Passing CFA is easy as one, two, three!” What does EY offer? Academy of Business has been offering CFA® Level I, II and III courses since 1994 in Europe and since 2013 in Georgia. The Academy’s courses are intensive and are specially designed to help the candidate apply examination technique. Courses are mostly conducted over a weekend to minimize the need for candidates to take additional time off work.

Passing of the CFA test is easy as ONE, TWO, THREE when you follow our course methodology: ► ►

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ONE, master the key theoretical components TWO, reinforce understanding of the key components with solving numerous practice exercises THREE, pay attention to the relevant and important details frequently overlooked by the students

Course description: ► ► ► ► ►

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Courses are intensive, concentrating on the most demanding parts of the syllabus Studies happen mostly on the weekends Courses are held in English We provide students with a study planner Tutors work through the topics covered in the CFA curriculum, answer student’s questions, and work numerous exam-type questions We use leading CFA review materials: Schweser CFA Study Notes, and Schweser Practice exam Volumes I, II, III We provides students with additional materials developed inhouse, including PowerPoint slides On-line support of participants by the tutors throughout the period of their self-study.

What is the course structure?

Pre-course requirements

The course structure is as follows: ► Interim

To start СFA® training, we advise you to have, in addition to good working knowledge of English, at least background knowledge in the topics below (these will be covered in our course both intensively and as a refresher):

► Revision

► Statistics:

meetings — several two-day sessions spread over three months. Most of the syllabus is covered with numerous practice questions. — around two to three weeks before the exam, there is an intensive three day revision course during which all topics are briefly revised and candidates practice exam-level questions. exam — before the exam, candidates take Schweser Mock Exam, which is intended to be fully representative of the likely CFA® examination. The mock exam is conducted under exam conditions and its purpose is to give the candidates feedback before the real thing.

measures of central tendency (arithmetic mean, geometric mean) and dispersion (variance, standard deviation, etc.), basic probability concepts, common probability distributions (binomial, uniform, normal)

► Mock

► Please

see the curriculum and examinations of the CFA Institute and CFA curriculum on our website at www.ey.com/cis/cfa or www.cfainstitute.org.

What administrative support does Ernst & Young offer?

► Economics:

basic concepts of microeconomic models of demand and supply and the determination of the equilibrium price and quantity

► Accounting:

basic double entry and construction of simple balance sheets and income statements.

Please note that courses will be conducted in English (with the ability to ask questions in Russian).

At your request, we can arrange registration and fee transfer to CFA Institute.

Registration fees for new candidates June 20141 Payment deadlines September 25, 2013

February 12, 2014

March 12, 2014

$440

$440

$440

$620

$800

$1170

$1060

$1240

$1610

Program enrollment (new Level I only) Exam registration fee Total cost to enter the CFA program

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All registrations and payments for the exams can be done with СFA Institute directly. Please visit www.cfainstitute.org for details.

CFA® course schedule2 and price list in Georgia Interim

Dates

Topic

CFA® Level I training program schedule: preparation for exam in June 2014

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Interim 1

January 24-26

Financial Statement Analysis, Investments

Interim 2

February 28- March 2

Quantitative Methods, Fixed Income, Portfolio Management

Interim 3

March 22-23

Economics, Derivatives

Interim 4

April 25-27

Corporate Finance, Ethics, Equity and Alternative Investments

Revision

May 10-11

Revision

Mock exam

May 17

Level I and Level II courses are held from 9:00 to 17:00.

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CFA® course schedule2 and price list in Georgia (continued) Interim

Dates

Topic

CFA® Level II training program schedule: preparation for exam in June 2014

2

Interim 1

January 31- February 2

Quantitative Methods, Portfolio Management, Fixed Income

Interim 2

February 14-16

Financial Statement Analyses

Interim 3

March 14-16

Corporate Finance, Equity Investments

Interim 4

April 12-13

Economics, Derivatives, Ethics

Revision

May 3-4

Alternative Investments, Revision

Mock exam

May 17

Level I and Level II courses are held from 9:00 to 17:00.

CFA® Level I 112 academ. Hours6

CFA® Level II5 112 academ. Hours6

Training fee3 EUR. (per person)

Training fee3 EUR. (per person)

Prior to 30 October 20134

EUR 2,850+ 18% VAT

EUR 2,850+ 18% VAT

Prior to 15 December 2013

EUR 3,000+ 18% VAT

EUR 3,000+ 18% VAT

Registration deadlines

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Course price includes: participation of one person in the training program (112 hours for Level I, Level I;), Schweser set of books, online instructor support during self-study, participation in Schweser Live Mock exam, coffee breaks.

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For registrants prior to 30 October 2013 we are offering a 5% discount.

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We are offering an additional 5% corporate discount to participants taking Level I and Level II training programs together.

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We are also offering an additional 5% corporate discount to companies for registering more than 1 participant (discount is applied to second participant, and thereafter).

Who are the tutors? Tutors involved in CFA courses are professionals in the financial services industry. CFA® Level I Interim 1

Tutors Jarek Olszewski

Interim 2

Loius Loizou

Interim 3

Constantinos Papanastasiou

Interim 4 Revision

Loius Loizou Constantinos Papanastasiou

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Who are the tutors? (continued) CFA® Level II Interim 1

Tutors Peter Juhasz

Interim 2

Brian Connolly

Interim 3

Constantinos Papanastasiou

Interim 4 Revision

Peter Juhasz Peter Juhasz

Jarosław Olszewski Senior Manager at EY FCCA, CFA, CIA Ernst & Young Academy of Business sp. z o.o. T: +48 22 579 8261 F: +48 22 579 8001 [email protected] Loius Loizou Assistant Vice President at Barclays Capital Ernst & Young Academy of Business T: +44 78 999 43 910 [email protected] Constantinos Papanastasiou The Cyprus Investment & Securities Corporation Limited (CISCO), Bank of Cyprus Group T: +357-22-336421 constantinos.papanastasiou@ cisco.bankofcyprus.com

Brian Connolly Audit supervisor and senior manager at Ernst & Young Academy of Business sp. z o.o. T: +48 502 444 011 [email protected]

Peter Juhasz Associate professor Columnist, financial analyst PHD, CFA Ernst & Young Academy of Business sp. z o.o. [email protected]

Jarosław has been working for Ernst & Young since 1996. At the beginning of his career Jarosław gained professional experience specialising in audit and review of financial statements, performing due diligence and other projects for companies from industrial and service sectors.

Louis has been working for Ernst & Young since 2012. At the beginning of his career Louis gained professional experience specializing in investment banking sector, constructing valuation models for banks, insurers, asset managers and service firms.

Jarosław’s main area of specialization is International Financial Reporting Standards (IFRS). He is a director of post-graduate IFRS studies organized in partnership with the Warsaw School of Economics for key players of the energy and mining industries in Poland.

Louis is actively involved in equity capital market, debt capital market, debt restricting and leverage financing transactions. He is advisor to EFG Eurobank in announced M&A transactions.

Constantinos is specialised in IPOs and listing of a number of important clients on organised Stock Exchanges in Cyprus and abroad. He has an extensive experience in consultancy services involving capital restructuring, strategic planning and company valuations.

Charter Financial Analyst (CFA) Charterholder – CFA Institute

Brian is involved in training internal Ernst & Young staff and clients for professional exams (ACCA accounting and auditing papers). He is conducting training courses in many countries, including Poland, Hungary, the Middle East, Latvia and Lithuania.

Brian has a portfolio of large audit clients in the engineering, communications, manufacturing, food processing and leisure industries. He is responsible for planning, completion and review of these clients.

From 2005 - Associate professor, Corvinus University Budapest 1999 - 2004 - Department of Investments and Corporate Finance, University of Economic Sciences and Public Administration.

Teaching Corporate Finance, Advanced Corporate Finance, Business Economics, Business valuation, Cost Management, Managerial Accounting, Performance measurement, Informatics, Programming.

Constantinos is actively involved in structuring merger & acquisition transactions.Responsibilities included company valuations, formulating of acquisition terms, negotiating of terms with the parties involved with a view to concluding the transaction.

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How to apply? If you are interested in the CFA® training programme, please complete the attached application form and return it to us by fax (+995 32 243 93 76).Applications will be accepted on a first come first served basis. If you require more information do not hesitate to contact Ms Marika Vakhtangishvili at: [email protected]

Application form – CFA® Training Programme On receipt of this form, we shall send to you the details of how to register as a CFA candidate as well as a course timetable. Name

Surname

Company name

Address

Telephone no

E-mail

 I confirm my attendance in CFA® Level 1 Training Programme – preparation for June 2014 exam  I confirm my attendance in CFA® Level 2 Training Programme – preparation for June 2014 exam

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Signature and date

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