No of

questions
Number expected in
of LOS
the exam

Reading
Number
Financial Reporting and Analysis
22 Financial Statement Analysis: An Introduction
23 Financial Reporting Mechanics
24 Financial Reporting Standards
25 Understanding Income Statements
26 Understanding Balance Sheets
27 Understanding Cash Flow Statements
28 Financial Analysis Techniques
Sectional Test - FRA first 7 chapters
Quantitative Methods
5 The Time Value of Money
6 Discounted Cash Flow Applications

Corporate Finance
36 Capital Budgeting
37 Cost of Capital
38 Measures of Leverage
39 Dividends and Shares Repurchases: Basics
40 Working Capital Management
41 The Corporate Governance of Listed Companies: A Man
Sectional Test - Corporate Finance

62
72
92
12 7
94
94
73

4
4
4
12
8
9
6

6 3 to 5
6 3 to 5

62
12 3
52
63
73
72

Equity Investments
46 Market Organization and Structure
12 4
47 Security Market Indices
11 3
48 Market Efficiency
73
49 Overview of Equity Securities
84
50 Introduction to Industry and Company Analysis
11 3
51 Equity Valuation: Concepts and Basic Tools
11 4
Sectional Test - Equity Investments
Sectional Test - FRA + Corporate Finance + Equity Investments
Fixed Income
52 Fixed-Income Securities: Defining Elements
53 Fixed-Income Markets: Issuance, Trading, and Funding
54 Introduction to Fixed-Income Valuation
55 Understanding Fixed-Income Risk and Return
56 Fundamentals of Credit Analysis
Sectional Test - Fixed Income
Sectional Test - FRA + Corporate Finance + Fixed Income

to
to
to
to
to
to
to

64
84
94
11 4
10 4

to
to
to
to
to
to

5
6
4
5
5
4

to
to
to
to
to
to

6
5
5
6
5
6

to
to
to
to
to

6
6
7
7
7

Derivatives
57 Derivative Markets and Instruments
51
58 Forward Markets and Contracts
82
59 Futures Markets and Contracts
62
60 Option Markets and Contracts
15 3
61 Swap Markets and Contracts
21
62 Risk Management Application of Option Strategies
22
Sectional Test - Derivatives
Sectional Test - Fixed Income + Equity Investments+ Derivatives
Financial Reporting and Analysis
29 Inventories
30 Long-Lived Assets
31 Income Taxes
32 Non-Current (Long-Term) Liabilities
33 Financial Reporting Quality: Red Flags and Accounting
34 Accounting Shenanigans on the Cash Flow Statement
35 Financial Statement Analysis: Applications
Sectional Test - Full FRA
Quantiative Methods
7 Statistical Concepts and Market Returns
8 Probabilty Concepts
9 Common Probability Distributions
10 Sampling and Estimation
11 Hypothesis Testing
12 Technical Analysis
Sectional Test - Quantitative Methods
Sectional Test - QM + FRA + Fixed Income
Alternative Investments
63 Introduction to Alternative Investments
Sectional Test - Alternative Investments
Portfolio Management
42 Portfolio Management: An Overview
43 Portfolio Risk and Return: Part I
44 Portfolio Risk and Return: Part II
45 Basics of Portfolio Planning and Construction
Sectional Test - Portfolio Management
Sectional Test - QM + PM + AI + FRA
Economics
13 Demand and Suppy Analysis: Introduction

to
to
to
to
to
to

2
3
3
6
3
4

82
11 2
10 2
12 3
40
20
51

to
to
to
to
to
to
to

6
6
4
7
2
2
4

13 3
15 2
18 3
11 2
11 2
81

to
to
to
to
to
to

6
4
6
4
4
3

52
83
83
72

to
to
to
to

4
7
7
4

13 3 to 5

14 Demand and Suppy Analysis: Consumer Demand

15 Demand and Supply Analysis: The Firm
16 The Firm and Market Structures
17 Aggregate Output, Prices, and Economic Growth
18 Understanding Business Cycles
19 Monetary and Fiscal Policy
20 International Trade and Capital Flows
21 Currency Exchange Rates
Sectional Test - Economics
Ethical and Professional Standards
1 Code of Ethics and Standards of Professional Conduct
2 Guidance for Standards I-VII
3 Introduction to the Global Investment Performance St
4 The GIPS Standards
Sectional Test - Ethics

61
12 3
83
14 2
92
19 2
92
10 2

to
to
to
to
to
to
to
to

2
5
5
4
4
4
4
4

3 1 to 2
3 30 to 34
2 0 to 1
4 2 to 4

Revision
5 Sectional Tests combining different subjects (4-7 subjects)
Full Length Mock Tests
Mock Test 1 (Morning + Afternoon)
Mock Test 2 (Morning + Afternoon)
Mock Test 3 (Morning + Afternoon)

Important Points:
The sectional tests are of 1.5 hours duration and contain 60 questions each.
Check your performance in sectional tests and practice problems. If you are not getting mo
The last 5 sectional tests containing 4-7 subjects should be of 3 hours duration so that you
You may shuffle the subjects but it is advisable to do FRA and first two chapters of QM first.
FRA is very important and it is advisable to do it in 2 parts so that you are in touch with it th
If you are short on time, you may skip 1 mock and few sectional tests.
If you are progressing smoothly then try adding few more sectional tests in between.
You must attempt more sectional tests for subjects in which your score fall below 70%.
If you are too much short on time and thinking of devoting less time on any topic, then tha
Practice enough questions on Ethics. That may make the difference on the exam day in cas
You may find some sample sectional tests from here - http://konvexity.com/oldsite/CFA%20L
Wish you all the best!!!

Hours
Hours required required for Total
Week Number-Day (Working
for
practicing
hours
Professionals) ( 2 hours on working
understanding problems
required days and 8 on weekends)
2
2
2
5
4
4
3

1
1
1
3
2
3
2

31
31
31
81
61
71
52
32

2
2

2
1

4 2 - Saturday
3 2 - Saturday

1.5
2
1
2
2.5
2

1
1
0.5
1
1
0.5

2.5 2
32
1.5 2
33
3.5 3
2.5 3
33

4
2
2
2.5
2.5
3

1.5
1
1
1.5
1
1.5

5.5 3 - Saturday
3 3 - Saturday
3 3- Sunday
4 3 - Sunday
3.5 3 - Sunday and 4- Monday
4.5 4 - Tuesday and 4 - Wednesday
3 4 - Thursday
3 4 - Friday

2.5
2.5
3
3
4

1
1
1.5
1.5
1.5

3.5 4
3.5 4
4.5 4
4.5 4
5.5 5
35
35

Monday and 1- Tuesday

Tuesday and 1 - Wednesday
Thursday and 1 - Friday
Friday and 1- Saturday
Saturday and 1 - Sunday
Sunday and 2 - Monday & Tuesday
Wedensday, Thursday and Friday
Friday and 2 - Saturday

Sunday
Sunday
Sunday
Monday and 3 - Tuesday
Tuesday and 3 - Wednesday
Thursday
Friday

Saturday
Saturday
Sunday
Sunday
Monday to Wednesday
Thursday
Friday

1.5
1
2
3
1.5
1

0.5
0.5
1
1
0.5
0.5

25
1.5 5
35
45
25
1.5 5
35
36

Saturday
Saturday
Saturday
Saturday and 5 - Sunday
Sunday
Sunday
Sunday
Monday

1.5
2.5
3
4
1
1
2.5

1
1.5
1
2
0.5
0.5
1

2.5 6
46
46
66
1.5 6
1.5 6
3.5 6
36

Tuesday
Wednesday and 6 - Thursday
Friday and 6- Saturday
Saturday
Sunday
Sunday
Sunday
Sunday

4
2
3
1.5
3
2

2
1
2
1
1.5
0.5
3
3

67
37
57
2.5 7
4.5 7
2.5 7
37
38

Monday to Wednesday
Thursday and 7 - Friday
Friday and 7 - Saturday
Saturday
Saturday and 7 - Sunday
Sunday
Sunday
Monday

2
3
3
1.5

0.5
1.5
1.5
0.5

3.5

1.5

7 8 - Tuesday to Friday
1.5 8 - Friday

2.5 8
4.5 8
4.5 8
28
38
39

Saturday
Saturday
Saturday and 8 - Sunday
Sunday
Sunday
Monday

5 9 - Tuesday to Thursday

1.5
3
3.5
4
3
4
3.5
3

0.5
5
0.5
2

0.5
1
2
1.5
1
1.5
1.5
1.5

5
0.5

2 9 - Thursday and 9 - Friday

4 9 - Friday and 9 - Saturday
5.5 9 - Saturday
5.5 9 - Sunday
4 9- Sunday and 10 - Monday
5.5 10 - Tuesday to Thursday
5 10 - Friday and 10 - Saturday
4.5 10 - Saturday
3 10 - Saturday

0.5 10
10 10
0.5 11
2.5 11
3 11

Sunday
Sunday and 11 - Monday
Tuesday
Tuesday and 11 - Wednesday
Thursday

50 11 - Friday to 13 - Friday
20 11 - Friday to 12 - Friday

9 11 - Sunday
9 12 - Saturday
9 13 - Tuesday
Total hours

382

s each.
ou are not getting more than 70% marks comfortably, then you may need to increase your effort.
duration so that you can move smoothly from sectional tests of 1.5 hours to 3 hours and then to full length 6 o chapters of QM first.
are in touch with it thorughout your preparation.
.
sts in between.
e fall below 70%.
on any topic, then that topic should be Economics and that subject has the minimum benefit to effort ratio.
n the exam day in case you are a borderline case.
.com/oldsite/CFA%20Level%20I%20Newsletters.php

Week Number- Day (for those

who are not working)(hours
Progress distributed uniformly)
11111122-

Monday
Monday and 1 - Tuesday
Tuesday and 1- Wednesday
Wedneday to Friday
Friday to Sunday
Sunday and 2- Monday
Tuesday and Wednesday
Wednesday

2- Thursday
2 - Friday

2- Friday and 2 - Saturday

2 - Saturday
2- Sunday
2- Sunday
3- Monday
3- Tuesday
3 - Tuesday and 3- Wednesday

3
3
3
3
4
4
4
4

Wednesday and 3- Thursday

Friday
Saturday
Sunday
Monday
Monday and Tuesday
Wednesday
Wednesday and 4 - Thursday

4
4
4
4
5
5
5

Thursday
Friday
Saturday
Sunday
Monday and 5 - Tuesday
Tuesday and 5 - Wednesday
Thursday

Progress

5
5
5
5
5
5
5
6

Thursday
Friday
Friday
Saturday
Sunday
Sunday
Sunday
Monday

6
6
6
6
6
6
6
7

Monday and 6- Tuesday

Tuesday and 6- Wednesday
Thursday
Friday and 6 - Saturday
Saturday
Saturday
Sunday
Monday

7
7
7
7
7
7
7
7

Monday and Tuesday

Wednesday
Wednesday and 7 - Thursday
Thursday
Friday
Saturday
Saturday
Sunday

7 - Sunday and 8 - Monday

8 - Tuesday

8
8
8
8
8
8

Tuesday
Wednesday
Thursday
Friday
Friday
Saturday

8 - Saturday and 8 Sunday

9 - Monday
9 - Monday and 9 - Tuesday
9 - Tuesday and 9 - Wednesday
9 - Thursday and 9 - Friday
9 - Friday and 9 - Saturday
9 - Saturday and 9 - Sunday
10 - Monday and 10 - Tuesday
10 - Wednesday
10 - Thursday

10
10
10
10
11

Thursday
Friday and Saturday
Sunday
Sunday
Monday

11 - Tuesday to 13 - Friday
11 - Tuesday to 12 - Friday

11 - Sunday
12 - Saturday
13 - Tuesday

our effort.
d then to full length 6 - hours mock tests.

nefit to effort ratio.