{"id":10830,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm4\/"},"modified":"2026-09-22T07:44:37","modified_gmt":"2026-09-21T22:44:37","slug":"cfa-l2-fsa-lm4","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm4\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L2 FSA LM4\u3011Analysis of Financial Institutions \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u30fb\u30d0\u30fc\u30bc\u30eb\u898f\u5236\u30fbCAMELS\u30fb\u4fdd\u967a\u4f1a\u793e\u306e\u5206\u6790"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 4\u300cAnalysis of Financial Institutions\uff08\u91d1\u878d\u6a5f\u95a2\u306e\u5206\u6790\uff09\u300d\u306f\u3001\u91d1\u878d\u6a5f\u95a2\u304c\u4e00\u822c\u4f01\u696d\u3068\u7570\u306a\u308b\u70b9\u3001\u30d0\u30fc\u30bc\u30eb\u898f\u5236\u306a\u3069\u306e\u91d1\u878d\u898f\u5236\u306e\u8981\u70b9\u3001CAMELS \u306b\u3088\u308b\u9280\u884c\u5206\u6790\u3068\u305d\u306e\u9650\u754c\u3001CAMELS \u4ee5\u5916\u306b\u8003\u616e\u3059\u3079\u304d\u8981\u56e0\u3001\u305d\u3057\u3066\u640d\u5bb3\u4fdd\u967a\u4f1a\u793e\u30fb\u751f\u547d\u4fdd\u967a\u4f1a\u793e\u306e\u5206\u6790\u306b\u4f7f\u3046\u4e3b\u8981\u306a\u6bd4\u7387\u3068\u8981\u56e0\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM4\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM4\u306b\u306f6\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u91d1\u878d\u6a5f\u95a2\u304c\u4ed6\u306e\u4f01\u696d\u3068\u3069\u306e\u3088\u3046\u306b\u7570\u306a\u308b\u304b\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe how financial institutions differ from other companies<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u91d1\u878d\u6a5f\u95a2\u306b\u5bfe\u3059\u308b\u91d1\u878d\u898f\u5236\u306e\u4e3b\u8981\u306a\u5074\u9762\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe key aspects of financial regulations of financial institutions<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u9280\u884c\u5206\u6790\u306b\u304a\u3051\u308b CAMELS\uff08\u81ea\u5df1\u8cc7\u672c\u306e\u5145\u5b9f\u5ea6\u3001\u8cc7\u7523\u306e\u8cea\u3001\u7d4c\u55b6\u3001\u53ce\u76ca\u3001\u6d41\u52d5\u6027\u3001\u5e02\u5834\u30ea\u30b9\u30af\u3078\u306e\u611f\u5fdc\u5ea6\uff09\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u3001\u4e3b\u8981\u306a\u6bd4\u7387\u3068\u9650\u754c\u3092\u542b\u3081\u3066\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">explain the CAMELS (capital adequacy, asset quality, management, earnings, liquidity, and sensitivity) approach to analyzing a bank, including key ratios and its limitations<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u8ca1\u52d9\u8af8\u8868\u305d\u306e\u4ed6\u306e\u8981\u56e0\u306b\u57fa\u3065\u3044\u3066\u9280\u884c\u3092\u5206\u6790\u3059\u308b<\/span><span class=\"en\">analyze a bank based on financial statements and other factors<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u9280\u884c\u306e\u5206\u6790\u3067\u8003\u616e\u3059\u3079\u304d\u305d\u306e\u4ed6\u306e\u8981\u56e0\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe other factors to consider in analyzing a bank<\/span><\/li>\n<li><span class=\"ja\">LOS 6\uff1a\u4fdd\u967a\u4f1a\u793e\u306e\u5206\u6790\u3067\u8003\u616e\u3059\u3079\u304d\u4e3b\u8981\u306a\u6bd4\u7387\u3068\u305d\u306e\u4ed6\u306e\u8981\u56e0\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe key ratios and other factors to consider in analyzing an insurance company<\/span><\/li>\n<\/ol>\n<h2>LM4\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u91d1\u878d\u6a5f\u95a2\u306f\u30b7\u30b9\u30c6\u30e0\u4e0a\u306e\u91cd\u8981\u6027\u304c\u9ad8\u3044\u305f\u3081\u3001\u53b3\u3057\u304f\u898f\u5236\u3055\u308c\u3066\u3044\u308b<\/li>\n<li>\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u306f\u3001\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306e\u4e00\u90e8\u306e\u6a5f\u80fd\u4e0d\u5168\u304c\u4ed6\u306e\u90e8\u5206\u306b\u6ce2\u53ca\u3057\u3001\u7d4c\u6e08\u5168\u4f53\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3059\u30ea\u30b9\u30af<\/li>\n<li>\u56fd\u969b\u6c7a\u6e08\u9280\u884c\u306e\u30d0\u30fc\u30bc\u30eb\u59d4\u54e1\u4f1a\u306f\u3001\u6700\u4f4e\u81ea\u5df1\u8cc7\u672c\u3001\u6700\u4f4e\u6d41\u52d5\u6027\u3001\u5b89\u5b9a\u8abf\u9054\u306b\u95a2\u3059\u308b\u56fd\u969b\u7684\u306a\u898f\u5236\u67a0\u7d44\u307f\u3092\u5b9a\u3081\u3066\u3044\u308b<\/li>\n<li>\u91d1\u878d\u6a5f\u95a2\u306e\u8cc7\u7523\u306f\u8cb8\u51fa\u3084\u6709\u4fa1\u8a3c\u5238\u306a\u3069\u91d1\u878d\u8cc7\u7523\u304c\u4e2d\u5fc3\u3067\u3001\u4fe1\u7528\u30fb\u6d41\u52d5\u6027\u30fb\u5e02\u5834\u30fb\u91d1\u5229\u30ea\u30b9\u30af\u306b\u76f4\u63a5\u3055\u3089\u3055\u308c\u3001\u8cc7\u7523\u4fa1\u5024\u306f\u516c\u6b63\u4fa1\u5024\u306b\u6bd4\u8f03\u7684\u8fd1\u3044<\/li>\n<li>CAMELS \u306f\u3001\u81ea\u5df1\u8cc7\u672c\u306e\u5145\u5b9f\u5ea6\u30fb\u8cc7\u7523\u306e\u8cea\u30fb\u7d4c\u55b6\u30fb\u53ce\u76ca\u30fb\u6d41\u52d5\u6027\u30fb\u5e02\u5834\u30ea\u30b9\u30af\u3078\u306e\u611f\u5fdc\u5ea6\u306e6\u3064\u306e\u89b3\u70b9\u3067\u9280\u884c\u3092\u5206\u6790\u3059\u308b<\/li>\n<li>CAMELS \u4ee5\u5916\u306b\u3082\u3001\u653f\u5e9c\u306e\u652f\u63f4\u3001\u4f01\u696d\u6587\u5316\u3001\u7af6\u4e89\u74b0\u5883\u3001\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u9805\u76ee\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u60c5\u5831\u3001\u70ba\u66ff\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3001\u30ea\u30b9\u30af\u958b\u793a\u306b\u6ce8\u610f\u304c\u5fc5\u8981<\/li>\n<li>\u4fdd\u967a\u4f1a\u793e\u306f\u640d\u5bb3\u4fdd\u967a\u3068\u751f\u547d\u4fdd\u967a\u306b\u5927\u5225\u3055\u308c\u3001\u4fdd\u967a\u6599\u53ce\u5165\u3068\u30d5\u30ed\u30fc\u30c8\u306e\u904b\u7528\u53ce\u76ca\u3067\u7a3c\u3050<\/li>\n<li>\u640d\u5bb3\u4fdd\u967a\u306f\u77ed\u671f\u3067\u8acb\u6c42\u306e\u5909\u52d5\u304c\u5927\u304d\u304f\u3001\u751f\u547d\u4fdd\u967a\u306f\u9577\u671f\u3067\u8acb\u6c42\u306e\u4e88\u6e2c\u304c\u3057\u3084\u3059\u3044\u3002\u640d\u5bb3\u4fdd\u967a\u306e\u5206\u6790\u3067\u306f\u652f\u6255\u5099\u91d1\u3068\u30b3\u30f3\u30d0\u30a4\u30f3\u30c9\u30fb\u30ec\u30b7\u30aa\u304c\u91cd\u8981<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u91d1\u878d\u6a5f\u95a2\u3068\u4e00\u822c\u4f01\u696d\u306e\u9055\u3044<\/h3>\n<p>\u91d1\u878d\u6a5f\u95a2\u306f\u7d4c\u6e08\u5168\u4f53\u306b\u5bfe\u3059\u308b<strong>\u30b7\u30b9\u30c6\u30e0\u4e0a\u306e\u91cd\u8981\u6027<\/strong>\u304c\u9ad8\u304f\u3001\u7834\u7dbb\u306e\u5f71\u97ff\u304c\u6ce2\u53ca\u3057\u3084\u3059\u3044\u305f\u3081\u53b3\u3057\u304f\u898f\u5236\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u8cc7\u7523\u306e\u5927\u534a\u304c<strong>\u91d1\u878d\u8cc7\u7523<\/strong>\u3067\u3042\u308a\u3001\u4fe1\u7528\u30fb\u6d41\u52d5\u6027\u30fb\u5e02\u5834\u30fb\u91d1\u5229\u306e\u5404\u30ea\u30b9\u30af\u306b\u76f4\u63a5\u3055\u3089\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30fb\u30ea\u30b9\u30af\uff1a\u4e00\u90e8\u306e\u6a5f\u80fd\u4e0d\u5168\u304c\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306b\u6ce2\u53ca<\/li>\n<li>\u8cc7\u7523\u306f\u8cb8\u51fa\u30fb\u6709\u4fa1\u8a3c\u5238\u304c\u4e2d\u5fc3\u3067\u3001\u516c\u6b63\u4fa1\u5024\u306b\u8fd1\u3044\u8a55\u4fa1<\/li>\n<li>\u8ca0\u50b5\uff08\u9810\u91d1\u306a\u3069\uff09\u306e\u6bd4\u7387\u304c\u9ad8\u304f\u3001\u9ad8\u30ec\u30d0\u30ec\u30c3\u30b8<\/li>\n<li>\u9810\u91d1\u4fdd\u967a\u306a\u3069\u306b\u3088\u308b\u516c\u7684\u652f\u63f4\u306e\u5b58\u5728<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u91d1\u878d\u898f\u5236\u306e\u4e3b\u8981\u306a\u5074\u9762<\/h3>\n<p><strong>\u30d0\u30fc\u30bc\u30eb\u59d4\u54e1\u4f1a<\/strong>\u306e\u56fd\u969b\u7684\u306a\u898f\u5236\u67a0\u7d44\u307f\uff08\u30d0\u30fc\u30bc\u30eb\u2162\uff09\u306f\u3001<strong>\u6700\u4f4e\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u3001\u6700\u4f4e\u6d41\u52d5\u6027\u3001\u5b89\u5b9a\u8abf\u9054<\/strong>\u306e3\u3064\u3092\u8981\u4ef6\u3068\u3057\u307e\u3059\u3002\u3053\u306e\u307b\u304b\u3001\u91d1\u878d\u5b89\u5b9a\u7406\u4e8b\u4f1a\uff08FSB\uff09\u3001\u4fdd\u967a\u76e3\u7763\u8005\u56fd\u969b\u6a5f\u69cb\uff08IAIS\uff09\u3001\u56fd\u969b\u9810\u91d1\u4fdd\u967a\u5354\u4f1a\uff08IADI\uff09\u3001\u8a3c\u5238\u76e3\u7763\u8005\u56fd\u969b\u6a5f\u69cb\uff08IOSCO\uff09\u306a\u3069\u304c\u91d1\u878d\u306e\u5b89\u5b9a\u306b\u95a2\u308f\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u81ea\u5df1\u8cc7\u672c\uff1a\u30ea\u30b9\u30af\u52a0\u91cd\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u6700\u4f4e\u6bd4\u7387\uff08\u666e\u901a\u682a\u5f0f\u7b49 Tier 1 \u306f 4.5% \u4ee5\u4e0a\uff09<\/li>\n<li>\u6d41\u52d5\u6027\u30ab\u30d0\u30ec\u30c3\u30b8\u6bd4\u7387\uff08LCR\uff09\uff1a30\u65e5\u9593\u306e\u30b9\u30c8\u30ec\u30b9\u6642\u306e\u8cc7\u91d1\u6d41\u51fa\u3092\u9ad8\u6d41\u52d5\u6027\u8cc7\u7523\u3067\u307e\u304b\u306a\u3046<\/li>\n<li>\u5b89\u5b9a\u8abf\u9054\u6bd4\u7387\uff08NSFR\uff09\uff1a\u5b89\u5b9a\u8abf\u9054\u984d\u304c\u6240\u8981\u5b89\u5b9a\u8abf\u9054\u984d\u4ee5\u4e0a<\/li>\n<li>\u5404\u56fd\u306e\u898f\u5236\u5f53\u5c40\u304c\u56fd\u5185\u3067\u898f\u5236\u3092\u5b9f\u65bd<\/li>\n<\/ul>\n<div class=\"cfalm-f\">LCR = \u9ad8\u6d41\u52d5\u6027\u8cc7\u7523 \u00f7 30\u65e5\u9593\u306e\u30b9\u30c8\u30ec\u30b9\u4e0b\u306e\u7d14\u8cc7\u91d1\u6d41\u51fa\u984d \u2265 100%<\/div>\n<h3>LOS 3\uff1aCAMELS \u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u4e3b\u8981\u6bd4\u7387\u30fb\u9650\u754c<\/h3>\n<p><strong>CAMELS<\/strong> \u306f\u3001\u9280\u884c\u3092<strong>\u81ea\u5df1\u8cc7\u672c\u306e\u5145\u5b9f\u5ea6\u30fb\u8cc7\u7523\u306e\u8cea\u30fb\u7d4c\u55b6\u30fb\u53ce\u76ca\u30fb\u6d41\u52d5\u6027\u30fb\u5e02\u5834\u30ea\u30b9\u30af\u3078\u306e\u611f\u5fdc\u5ea6<\/strong>\u306e6\u9805\u76ee\u3067\u8a55\u4fa1\u3059\u308b\u67a0\u7d44\u307f\u3067\u3059\u3002\u5404\u9805\u76ee\u306b\u5bfe\u5fdc\u3059\u308b\u6bd4\u7387\u3067\u5206\u6790\u3057\u3001\u7dcf\u5408\u7684\u306b\u8a55\u4fa1\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u653f\u5e9c\u306b\u3088\u308b\u652f\u63f4\u3084\u4f01\u696d\u6587\u5316\u306a\u3069\u3001CAMELS \u306e\u67a0\u7d44\u307f\u3067\u306f\u6349\u3048\u304d\u308c\u306a\u3044\u91cd\u8981\u306a\u8981\u7d20\u304c\u3042\u308b\u70b9\u304c\u9650\u754c\u3067\u3059\u3002<\/p>\n<ul>\n<li>C\uff1a\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\uff08CET1\u30fbTier 1\u30fb\u7dcf\u81ea\u5df1\u8cc7\u672c\uff09<\/li>\n<li>A\uff1a\u4e0d\u826f\u50b5\u6a29\u6bd4\u7387\u3001\u8cb8\u5012\u5f15\u5f53\u91d1\u306e\u6c34\u6e96\u3001\u8cc7\u7523\u306e\u5206\u6563<\/li>\n<li>M\uff1a\u6a5f\u4f1a\u3092\u751f\u304b\u3057\u3064\u3064\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3059\u308b\u7d4c\u55b6\u80fd\u529b\u3001\u30ac\u30d0\u30ca\u30f3\u30b9<\/li>\n<li>E\uff1a\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u8cc7\u672c\u53ce\u76ca\u7387\u3001\u5229\u76ca\u306e\u8cea\uff08\u5b89\u5b9a\u3057\u305f\u7d14\u5229\u606f\u53ce\u5165\u306a\u3069\uff09<\/li>\n<li>L\uff1aLCR\u3001NSFR\u3001\u9810\u91d1\u306b\u3088\u308b\u8abf\u9054\u306e\u5b89\u5b9a\u6027<\/li>\n<li>S\uff1a\u91d1\u5229\u30fb\u70ba\u66ff\u30fb\u682a\u5f0f\u30fb\u5546\u54c1\u4fa1\u683c\u306e\u5909\u52d5\u304c\u5229\u76ca\u3068\u8cc7\u672c\u306b\u4e0e\u3048\u308b\u5f71\u97ff<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u8ca1\u52d9\u8af8\u8868\u306a\u3069\u306b\u57fa\u3065\u304f\u9280\u884c\u306e\u5206\u6790<\/h3>\n<p>\u9280\u884c\u306e\u5206\u6790\u3067\u306f\u3001CAMELS \u306e\u5404\u9805\u76ee\u306b\u3064\u3044\u3066<strong>\u8ca1\u52d9\u8af8\u8868\u306e\u6570\u5024\u3068\u958b\u793a\u60c5\u5831<\/strong>\u304b\u3089\u6bd4\u7387\u3092\u8a08\u7b97\u3057\u3001\u6642\u7cfb\u5217\u3084\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u307e\u3059\u3002\u81ea\u5df1\u8cc7\u672c\u306e\u539a\u3055\u3001\u8cc7\u7523\u306e\u8cea\u306e\u63a8\u79fb\u3001\u5229\u76ca\u306e\u6e90\u6cc9\u3068\u5b89\u5b9a\u6027\u3001\u8abf\u9054\u69cb\u9020\u3001\u91d1\u5229\u611f\u5fdc\u5ea6\u3092\u7dcf\u5408\u7684\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u7d14\u5229\u606f\u30de\u30fc\u30b8\u30f3\u3001\u975e\u91d1\u5229\u53ce\u5165\u306e\u6bd4\u7387\u3001\u7d4c\u8cbb\u7387\u306a\u3069\u3067\u53ce\u76ca\u6027\u3092\u5206\u6790<\/li>\n<li>\u5f15\u5f53\u91d1\u306e\u59a5\u5f53\u6027\u3068\u4e0d\u826f\u50b5\u6a29\u306e\u63a8\u79fb\u3092\u78ba\u8a8d<\/li>\n<li>\u9810\u91d1\u6bd4\u7387\u30fb\u8cb8\u51fa\u9810\u91d1\u6bd4\u7387\u3067\u8abf\u9054\u306e\u5b89\u5b9a\u6027\u3092\u78ba\u8a8d<\/li>\n<li>\u91d1\u5229\u30ae\u30e3\u30c3\u30d7\u3084\u611f\u5fdc\u5ea6\u5206\u6790\u306e\u958b\u793a\u3067\u91d1\u5229\u30ea\u30b9\u30af\u3092\u8a55\u4fa1<\/li>\n<\/ul>\n<h3>LOS 5\uff1a\u9280\u884c\u5206\u6790\u3067\u8003\u616e\u3059\u3079\u304d\u305d\u306e\u4ed6\u306e\u8981\u56e0<\/h3>\n<p>CAMELS \u306e6\u9805\u76ee\u306b\u52a0\u3048\u3066\u3001<strong>\u653f\u5e9c\u306e\u652f\u63f4\u3001\u9280\u884c\u306e\u4f7f\u547d\u3068\u4f01\u696d\u6587\u5316\u3001\u7af6\u4e89\u74b0\u5883\u3001\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u9805\u76ee\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u60c5\u5831\u3001\u70ba\u66ff\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3001\u30ea\u30b9\u30af\u958b\u793a<\/strong>\u306b\u3082\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u653f\u5e9c\u306e\u652f\u63f4\uff1a\u30b7\u30b9\u30c6\u30e0\u4e0a\u91cd\u8981\u306a\u9280\u884c\u306f\u6551\u6e08\u306e\u53ef\u80fd\u6027<\/li>\n<li>\u4f7f\u547d\uff1a\u5354\u540c\u7d44\u5408\u578b\u30fb\u516c\u7684\u91d1\u878d\u6a5f\u95a2\u306a\u3069\u76ee\u7684\u306e\u9055\u3044<\/li>\n<li>\u4f01\u696d\u6587\u5316\uff1a\u30ea\u30b9\u30af\u3092\u3068\u308b\u59ff\u52e2<\/li>\n<li>\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u9805\u76ee\uff1a\u4fdd\u8a3c\u3084\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3001\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\u30c9\u30fb\u30a8\u30f3\u30c6\u30a3\u30c6\u30a3<\/li>\n<li>\u30ea\u30b9\u30af\u958b\u793a\uff1a\u30ea\u30b9\u30af\u306e\u96c6\u4e2d\u3084\u611f\u5fdc\u5ea6<\/li>\n<\/ul>\n<h3>LOS 6\uff1a\u4fdd\u967a\u4f1a\u793e\u306e\u5206\u6790\uff1a\u4e3b\u8981\u6bd4\u7387\u3068\u8981\u56e0<\/h3>\n<p>\u4fdd\u967a\u4f1a\u793e\u306f<strong>\u4fdd\u967a\u6599<\/strong>\u3068\u3001\u652f\u6255\u3044\u307e\u3067\u306e\u8cc7\u91d1\u3067\u3042\u308b<strong>\u30d5\u30ed\u30fc\u30c8<\/strong>\u306e\u904b\u7528\u53ce\u76ca\u3067\u7a3c\u304e\u307e\u3059\u3002\u640d\u5bb3\u4fdd\u967a\u30fb\u751f\u547d\u4fdd\u967a\u3068\u3082\u3001<strong>\u4e8b\u696d\u306e\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\u3001\u53ce\u76ca\u306e\u7279\u5fb4\u3001\u904b\u7528\u53ce\u76ca\u3001\u6d41\u52d5\u6027\u3001\u8cc7\u672c\u306e\u5145\u5b9f\u5ea6<\/strong>\u304c\u5206\u6790\u306e\u4e2d\u5fc3\u3067\u3001\u640d\u5bb3\u4fdd\u967a\u3067\u306f<strong>\u652f\u6255\u5099\u91d1<\/strong>\u3068<strong>\u30b3\u30f3\u30d0\u30a4\u30f3\u30c9\u30fb\u30ec\u30b7\u30aa<\/strong>\u304c\u7279\u306b\u91cd\u8981\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u640d\u5bb3\u4fdd\u967a\uff1a\u77ed\u671f\u5951\u7d04\u3001\u8acb\u6c42\u306e\u5909\u52d5\u304c\u5927\u304d\u3044<\/li>\n<li>\u751f\u547d\u4fdd\u967a\uff1a\u9577\u671f\u5951\u7d04\u3001\u8acb\u6c42\u306e\u4e88\u6e2c\u304c\u3057\u3084\u3059\u3044<\/li>\n<li>\u30b3\u30f3\u30d0\u30a4\u30f3\u30c9\u30fb\u30ec\u30b7\u30aa\u304c100%\u8d85\u306a\u3089\u4fdd\u967a\u5f15\u53d7\u640d\u5931<\/li>\n<li>\u652f\u6255\u5099\u91d1\u306e\u7a4d\u307f\u5897\u3057\u30fb\u53d6\u308a\u5d29\u3057\u3067\u5229\u76ca\u304c\u5909\u52d5<\/li>\n<li>\u30ea\u30b9\u30af\u30fb\u30d9\u30fc\u30b9\u306e\u8cc7\u672c\u898f\u5236\u3067\u8cc7\u672c\u306e\u5145\u5b9f\u5ea6\u3092\u8a55\u4fa1<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u30b3\u30f3\u30d0\u30a4\u30f3\u30c9\u30fb\u30ec\u30b7\u30aa = \u640d\u5bb3\u7387\uff08\u640d\u5931\u30fb\u640d\u5bb3\u8abf\u67fb\u8cbb \u00f7 \u7d4c\u904e\u4fdd\u967a\u6599\uff09\uff0b \u4e8b\u696d\u8cbb\u7387<\/div>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level2movie\/\" target=\"_blank\" rel=\"noopener\">Level 2 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm3\/\">LM3 Multinational Operations\uff08\u591a\u56fd\u7c4d\u4f01\u696d\u306e\u4f1a\u8a08\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm5\/\">LM5 Evaluating Quality of Financial Reports\uff08\u8ca1\u52d9\u5831\u544a\u306e\u8cea\u306e\u8a55\u4fa1\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l2-fsa\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 2 Financial Statement Analysis\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 2 Financial Statement Analysis LM4\u300cAnalysis of Financial Institutions\uff08\u91d1\u878d\u6a5f\u95a2\u306e\u5206\u6790\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[99],"tags":[],"class_list":["post-10830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level2-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10830"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10830\/revisions"}],"predecessor-version":[{"id":11360,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10830\/revisions\/11360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11176"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}