Body Of Knowledge - BOK

AAA

DEFINITION of 'Body Of Knowledge - BOK'

The core teachings, skills and research in a field or industry. The body of knowledge (BOK) often forms the foundation for the curriculum of most professional programs or designations. It is the essential competencies mastered by members, to receive accreditation before applying these principles in practice. Mastery of the body of knowledge is generally demonstrated by passing rigorous examinations at single or multiple levels.

INVESTOPEDIA EXPLAINS 'Body Of Knowledge - BOK'

Since the required core competencies and skill sets for almost any profession evolves and changes over the years, its body of knowledge has to be dynamic, in order to incorporate new information and techniques, and maintain the relevance of the curriculum.


In the investment world, one of the best-known examples of the body of knowledge is that of the Chartered Financial Analyst, or CFA, program. The CFA program's Candidate Body of Knowledge (CBOK) is determined by getting input from CFA Institute members and employers, on current best practices and projected future trends in the investment profession. The CBOK encompasses 10 knowledge domains grouped into four broad areas: ethical and professional standards, investment tools, asset classes, and portfolio management and wealth planning.

RELATED TERMS
  1. CFA Institute

    Formerly known as the Association for Investment Management and ...
  2. Core Competencies

    The main strengths or strategic advantages of a business. Core ...
  3. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  4. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
  5. Bulldog Market

    A nickname for the foreign bond market of the United Kingdom. ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Personal Finance

    A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.
  2. Professionals

    CPA, CFA Or CFP® - Pick Your Abbreviation Carefully

    A couple of letters can mean a big difference. Find out which designation you need and how to get it.
  3. Professionals

    Is A Career In Financial Planning In Your Future?

    Take our quiz to find out whether you're suited for this line of work.
  4. Professionals

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  5. Options & Futures

    The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  6. Personal Finance

    What's a Commercial Bank?

    A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans; and offers basic financial products ...
  7. Professionals

    What is a SWOT Analysis?

    SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a management tool used to identify strategies for success. It may be used to guide individual thinking, group ...
  8. Professionals

    Introduction To The CAIA Designation

    Are you preparing for a CAIA designation? Don't worry, we'll give you a bit of insight.
  9. Professionals

    The Claritas Investment Certificate: A New Foundation-Level Program From The CFA Institute

    The Claritas Investment Certificate is likely to find growing acceptance as the new foundation-level education and ethics standard for the financial service sector internationally.
  10. Mutual Funds & ETFs

    Choose A Fund With A Winning Manager

    We break down the key components of analyzing a fund manager's performance so you can find a winner.

You May Also Like

Hot Definitions
  1. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  2. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  3. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  4. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  5. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
  6. Irrevocable Trust

    A trust that can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets ...
Trading Center