No of

questions Hours required

Number expected in for
of LOS the exam understanding
Financial Reporting and Analysis
Financial Statement Analysis: An Introduction 6 2 to 4 2
Financial Reporting Mechanics 8 2 to 4 2
Financial Reporting Standards 9 2 to 4 2
Understanding Income Statements 13 6 to 10 5
Understanding Balance Sheets 8 3 to 5 4
Understanding Cash Flow Statements 9 4 to 7 4
Financial Analysis Techniques 7 3 to 6 3
Inventories 12 4 to 7 3
Long-Lived Assets 16 4 to 7 4
Income Taxes 10 2 to 4 3
Non-Current (Long-Term) Liabilities 11 3 to 7 4
Financial Reporting Quality 9 2 to 4 2
Financial Statement Analysis: Applications 5 1 to 4 2.5
3 Sectional Tests- FRA

Quantitative Methods
The Time Value of Money 6 3 to 5 2
Discounted Cash Flow Applications 6 3 to 5 2

Corporate Finance
Corporate Governance and ESG: An Introduction 11 2 to 4 2
Capital Budgeting 6 2 to 5 1.5
Cost of Capital 12 3 to 6 2
Measures of Leverage 5 2 to 4 1
Dividends and Shares Repurchases: Basics 6 3 to 5 2
Working Capital Management 7 3 to 5 2.5
2 Sectional Tests- Corporate Finance

Equity Investments
Market Organization and Structure 12 4 to 6 4
Security Market Indices 11 3 to 5 2
Market Efficiency 7 3 to 5 2
Overview of Equity Securities 8 4 to 6 2.5
Introduction to Industry and Company Analysis 11 3 to 5 2.5
Equity Valuation: Concepts and Basic Tools 11 4 to 6 3
2 Sectional Tests - Equity Investments

Fixed Income
Fixed-Income Securities: Defining Elements 6 2 to 5 2.5
Fixed-Income Markets: Issuance, Trading, and Funding 9 2 to 5 2.5
Introduction to Fixed-Income Valuation 9 4 to 7 3
Introduction to Asset-Backed Securities 9 3 to 5 3
Understanding Fixed-Income Risk and Return 12 4 to 7 3
Fundamentals of Credit Analysis 10 4 to 6 4
3 Sectional Tests - Fixed Income

Derivatives
Derivative Markets and Instruments 5 2 to 4 1.5
Basics of Derivative Pricing and Valuation 15 6 to 8 4
Risk Management Application of Option Strategies 2 2 to 4 1.5
2Sectional Tests - Derivatives

Quantiative Methods
Statistical Concepts and Market Returns 13 3 to 6 4
Probabilty Concepts 15 2 to 4 2
Common Probability Distributions 18 3 to 6 3
Sampling and Estimation 11 2 to 4 1.5
Hypothesis Testing 11 2 to 4 3
Technical Analysis 8 1 to 3 2
3 Sectional Tests - Quantitative Methods

Alternative Investments
Introduction to Alternative Investments 7 10 5
Sectional Test - Alternative Investments

Portfolio Management
Portfolio Management: An Overview 5 2 to 4 2
Risk Management: An Introduction 7 2 to 4 2
Portfolio Risk and Return: Part I 8 3 to 6 3
Portfolio Risk and Return: Part II 8 3 to 6 3
Basics of Portfolio Planning and Construction 7 2 to 4 1.5
2 Sectional Tests- Portfolio Management

Financial Reporting and Analysis

Revision of FRA
2 Sectional Tests - FRA

Economics
Topics in Demand and Supply Analysis 6 3 to 5 3.5
The Firm and Market Structures 8 3 to 5 3.5
Aggregate Output, Prices, and Economic Growth 15 2 to 4 4
Understanding Business Cycles 9 2 to 4 3
Monetary and Fiscal Policy 20 2 to 4 4
International Trade and Capital Flows 10 2 to 4 3.5
Currency Exchange Rates 10 2 to 4 3
3 Sectional Tests - Economics

Ethical and Professional Standards

Ethics and Trust in the Investment Profession 6 1 to 2 1
Code of Ethics and Standards of Professional Conduct 3 1 to 2 0.5
Guidance for Standards I-VII 3 30 to 34 5
Introduction to the Global Investment Performance Standard 3 0 to 1 0.5
The GIPS Standards 4 2 to 4 2
3 Sectional Tests - Ethics

Revision

4 Sectional Tests combining different subjects (3 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 more than 70% marks comfortably, the
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 revise it again so that you are in touch with it thorughout your preparation.
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%.
Practice enough questions on Ethics. That may make the difference on the exam day in case you are a borderline case.
You can subscribe to our test series using the links given below:
Sectional Tests - http://konvexity.com/cfa-exam/cfa-level-i/super-30-test-series-cfa-level-i
Mock Tests - http://konvexity.com/cfa-exam/cfa-level-i/mock-tests-of-cfa-level-i
Combo Tests - http://konvexity.com/cfa-exam/cfa-level-i/combo-cfa-level-i
Hours
required for Total
practicing hours Working Professionals (2 hours on
problems required working days and 8 on weekends) Progress

1 3 done
1 3 done ti lm bi tp
1 3 not yet
3 8
2 6
3 7
2 5
1.5 4.5
1.5 5.5
1 4
2 6
1 3
1 3.5
6 Should be finished by 3rd week Saturday

2 4
1 3 Should be finished by 3rd week Sunday

1 3
1 2.5
1 3
0.5 1.5
1 3
1 3.5
4 Should be finished by 4th week Saturday

1.5 5.5
1 3
1 3
1.5 4
1 3.5
1.5 4.5
4 Should be finished by 5th week Saturday

1 3.5
1 3.5
1.5 4.5
1.5 4.5
1.5 4.5
1.5 5.5
6 Should be finished by 6th week Sunday

0.5 2
2 6
0.5 2
4 Should be finished by 7th week Saturday

2 6
1 3
2 5
1 2.5
1.5 4.5
0.5 2.5
6 Should be finished by finshed by 8th week Saturday

2 7
2 Should be finished by 8th week Sunday

0.5 2.5
1 3
1.5 4.5
1.5 4.5
0.5 2
4 Should be finished by 9th week Saturday

20
4 Should be finished by 10th week Saturday

1.5 5
2 5.5
1.5 5.5
1 4
1.5 5.5
1.5 5
1.5 4.5
 6 Should be finished by 12th week Wednesday

1
0.5
5 10
0.5
0.5 2.5
6 Should be finished by 12th week Sunday

60 Should be finished by 15th week Tuesday

8 Should be finished by 15th week Saturday

8 15th week Sunday

8 16th week Wednesday
8 16th week Sunday

Total hours 405

re than 70% marks comfortably, then you may need to increase your effort.
.
orughout your preparation.

e you are a borderline case.

i
For those who are not working(hours distributed
uniformly)(4 hours daily) Progress

th 3
th 3
th 4
th 5
th 5
th 6
Should be finished by 3rd week Wednesday tun 6 (5/9-10/9)

th 7
Should be finished by 3rd week Friday th 7 tun 6 (5/9-10/9)

Should be finished by 4th week Wednesday tun 7

Should be finished by 5th week Wednesday tun 7+tun 8

Should be finished by 6th week Thursday tun 9

Should be finished by 7th week Monday tun 10

Should be finished by 8th week Tuesday tun 10+tun 11

Should be finished by 8th week Thursday tun 11

Should be finished by 9th week Tuesday tun 12

Should be finished by 10th week Monday

Should be finished by 11th week Friday tun 13

Should be finished by 12th week Wednesday tun 14

Should be finished by 14th week Thursday

Should be finished by 14th week Saturday

15th week Wednesday

15th week Sunday
16th week Saturday
10,900 purchase price capitalised
200 delivery capitalised
300 installation+testing capitalised
100 train staff expense
350 reinforce factory floor capitalised
1,500 reparing roof capitalised
1,000 repaint expense