What Is Body of Knowledge?
Body of information (BOK) refers to the core teachings and skills required to art work in a decided on field or business. The body of information (BOK) is maximum frequently defined by the use of professional associations or societies. People of the profession outline what is needed to do their jobs and that paperwork the basis for the curriculum of {{most professional}} tactics or designations. People in search of to enter the profession must display their mastery of the body of information in an effort to download accreditation that lets them apply the ones skills. Candidates maximum frequently show their mastery of the body of information by the use of passing rigorous examinations. The ones assessments generally is a single session or the accreditation can also be completed stage by the use of stage, requiring a person to apply at a decided on stage for a suite time frame forward of inauspicious the next stage.Â
Working out Body of Knowledge (BOK)
Body of information is a additional formal approach of referring to things we additional many times identify core competencies and required skills at the moment. Not now not like a role business, the body of information is a list of stuff you must know and stuff you must have the ability to do forward of you are going to be licensed as a professional by the use of the gang doing the accreditation. Universities have a defined body of information {{that a}} student must show their familiarity with forward of being granted a point. Trades have a body of information that an apprentice works by the use of in an effort to become an entire journeyman of the trade. The actual contents of the body of information for a decided on profession evolves over time. This is among the reasons that associations are ceaselessly in keep watch over of accreditation, as it is extremely difficult for other folks outside of a chosen business to keep up with new ways and characteristics.Â
The Body of Knowledge for the CFA
Inside the investment world, one of the best-known examples of the body of information is that of the Chartered Financial Analyst, or CFA, program. The CFA program’s Candidate Body of Knowledge (CBOK) is decided by the use of getting input from CFA Institute individuals and employers, on provide perfect practices and projected long term traits throughout the investment profession. The CBOK encompasses 10 knowledge domains:
- Ethical {{and professional}} necessities
- Quantitative methods
- Economics
- Financial reporting and analysis
- Corporate finance
- Equity investments
- Mounted income
- Derivatives
- Selection investments
- Portfolio keep watch over and wealth planning
The CFA Institute continuously evaluations the curriculum to stick it associated with would-be analysts. For example, the 2017 Apply Analysis Survey put additional emphasis on the serve as of large data in financial analysis.
