Reading Number

Number of LOS
Corporate Finance
22 Capital Budgeting 9
23 Capital Structure 5
24 Dividends and Share Repurchase: Analysis 10
25 Corporate Performance, Governance, and Business Ethics 4
26 Corporate Governance 8
27 Mergers and Acquisitions 15
Sectional Test 1 - Corporate Finance

Financial Reporting and Analysis

15 Inventories: Implications for Financial Statements and Ratios 6
16 Long-lived Assets: Implications for Financial Statements and Ratios 6
17 Intercorporate Investments 3
18 Employee Compensation: Post-Employment and Share-Based 8
19 Multinational Operations 10
20 Evaluating Quality of Financial Reports 13
21 Integration of Financial Statement Analysis Techniques 5
Sectional Test 1 - Financial Reporting and Analysis
Sectional Test 2 - Financial Reporting and Analysis

Quantitative Methods
36 Correlation and Regression 11
37 Multiple Regression and Issues in Regression Analysis 15
38 Time-Series Analysis 15
Sectional Test 1 - Quantitative Methods

Equity
28 Equity Valuation: Applications and Processes 8
29 Return Concepts 8
30 The Five Competitive Forces That Shape Strategy 4
31 Your Strategy Needs a Strategy 3
32 Industry and Company Analysis 13
33 Discounted Dividend Valuation 16
34 Free Cash Flow Valuation 13
35 Market-Based Valuation: Price and Enterprise Valie Multiples 18
36 Residual Income Valuation 12
37 Private Company Valuation 12
Sectional Test 1- Equity
Sectional Test 2- Equity

Fixed Income
42 The Term Structure and Interest Rates Dynamics 12
43 The Arbitrage-Free Valuation Framework 8
44 Valuation and Analysis: Bonds with Embedded Options 17
45 Credit Analysis Models 9
46 Introduction to Asset-Backed Securities 8
Sectional Test 1- Fixed Income

Alternative Investments
38 Private Real Estate Investments 13
39 Publicly Traded Real Estate Securities 8
40 Private Equity Valuation 11
41 A Primer on Commodity Investing 9
Sectional Test 1 - Alternative Investments

Derivatives
47 Forward Markets and Contracts 4
48 Futures Markets and Contracts 8
49 Option Markets and Contracts 10
50 Swap Markets and Contracts 10
51 Interest Rate Derivative Instruments 2
52 Credit Default Swaps 5
Sectional Test 1- Derivatives

Portfolio Management and Wealth Planning

53 Portfolio Concepts 14
54 Residual Risk and Return: The Information Ratio 5
55 The Fundamental Law of Active Management 5
56 The Portfolio Management Process and the Investment Policy Statement 7
Sectional Test 1- Portfolio Management

Economics
12 Currency Exchange Rates: Determination and Forecasting 16
13 Economic Growth and the Investment Decision 12
14 Economics of Regulation 9
Sectional Test 1- Economics

Ethical and Professional Standards

1 Code of Ethics and Standards of Professional Conduct 2
2 Guidance for standards I-VII 2
3 CFA Institute Reserach Objectivity Standards 2
4 The Glenarm Company 2
5 Preston Partners 2
6 Super Selection 2
7 Trade Allocation: Fair Dealing and Disclosure 2
8 Changing Investment Objectives 2
Sectional Test - Ethical and Professional Standards

5 Sectional Tests combining 3-4 subjects together

Revision along with 10 more sectional tests

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 Notes:
Sectional tests will be of 90 minutes duration and will have 5 item sets and 30 questions.
You can find free sectional tests from here - http://konvexity.com/free-resources
You can subscribe to our test series from the links given below:
Sectional Tests - http://konvexity.com/cfa-exam/cfa-level-ii/super-30-test-series-cfa-level-ii
Mock Tests - http://konvexity.com/cfa-exam/cfa-level-ii/mock-tests-of-cfa-level-ii
Combo Pack - http://konvexity.com/cfa-exam/cfa-level-ii/mock-tests-of-cfa-level-ii
Working professionals need to devote more time in last 3-4 weeks
 Hours required
for
Item Sets expected and Important topics understanding

4
2
The weight of Corporate Finance is 5-15%. So, you may get 1 to 3 item sets from this 3
section. Historically, they have asked 2 item sets from this section. Mergers and 1.5
Acquisition has been one of their favorite area. This time they have added one
additional new chapter(Corporate Performance). So, you may expect few questions 1.5
from that chapter as well. 5

2
3
The weight of FRA has been reduced from 15-25% to 15-20% this year. 4 item sets 4
used to be asked from this subject. But now with the reduction of its weight, it looks 3
like that they might ask only 3 item sets from it. But still it is a very important area 4
and one must master it. The important topics are the readings 17,18 and 19. You will
most likely get 1 item set from each of those readings. Practice is the key to master 2
this subject. 1.5

1 item set will be asked from this subject as its weight is from 5-10%. The important 3
areas are ANOVA table calculations, problems in multiple regression
(heteroskedasticiy, serial correlation and multicollinearity) and time series models 4
and their issues. 4

1
2
2
1.5
The most important area of CFA level II curriculum and also the easiest one. Its 4
weight has been decreased from 20-30% to 15-25% this year. But still you can expect
the same number of item sets as had been asked in last few years i.e. 4 item sets. The 4
important areas are chapters 33 to 37 with chapter 34 being the most important one. 5
Chapter 32 is very important for understanding financial modeling and will help you 5
in cracking interviews realted to equity research and valuation roles. Study at least
this chapter from CFA curriculum book. You need to avoid silly mistakes in this topic 4
and should target 80%+ score. 4

4
The weight of Fixed Income has been increased from 5-15% to 10-20%. Only 1 item 2
set had been asked from this topic in last two years. But this time we can expect 2-3 4
item sets from it due to increase in its weightage. It is very important to understand
each concept thoroughly to master this subject. Every topic is important and
demands adequate time. Chapter 46 is the most important chapter.
The weight of Fixed Income has been increased from 5-15% to 10-20%. Only 1 item
set had been asked from this topic in last two years. But this time we can expect 2-3
item sets from it due to increase in its weightage. It is very important to understand
each concept thoroughly to master this subject. Every topic is important and 4
demands adequate time. Chapter 46 is the most important chapter. 4

4
The weight of AI has been decreased from 5-15% to 5-10%. So, we are more likely to 3
get only 1 item set from this subject. All sections are important. There are only few
formulas. Concentrate on memorising those formulas. Doing blue box examples from 5
book is advisable to ace this subject. 2

3
2
5
The weight of Derivatives is 5-15% and you wil most likely get 2 item sets from it. 3
Concentrate on understanding the valuation of various derivatives instruments and
related concepts. Chapters related to Options is more important than the other 1
chapters. 1

6
The weight of PM has been decreased from 5-15% to 5-10% this year. So, we are 1.5
more likely to get only 1 item set from this topic although 2 item sets were asked
from it last year. Your focus should be on formulas. Try to memorize and learn how to 1.5
derive formulas. 1

like previous years' exams. There are too many cumbersome concepts to master to 6
ace this subject. More time will be spent to gain few additional marks. Tradeoff is not
favorable. However, if you want to master the concepts, then do follow curriculum 4
book blue box examples. 1.5

0.5
10
2
The weight of Ethics has been changed from 10% to 10-15% this year. So, you can 0.5
expect 2 to 3 item sets from it. You will most likely get 2 item sets only as 1 reading 0.5
related to Soft Dollars has been removed this time. Chapters 1,2,3,7 and 8 are 0.5
important. Pratice is the key to master this subject. Read it slowly from curriculum
books and make notes alongside. While practicing the questions, note down your 0.5
mistakes and try to avoid those mistakes. That's the best way to ace this subject. 0.5
ons.

evel-ii
Hours
required for Total
practicing hours Week Number-Day (Working Professionals) (2
problems required hours on working days and 12 on weekends) Progress

3 7 1 - Monday to 1- Thursday
1.5 3.5 1 - Thursday to 1- Friday
1.5 4.5 1 - Saturday
0.5 2 1- Saturday and 1- Sunday
0.5 2 1- Sunday
3 8 1- Sunday to 2- Wednesday
3 2- Wednesday and 2 - Thursday

1 3 2 - Friday and 2- Saturday

2 5 2 - Saturday
3 7 2 - Sunday and 3 - Monday
2 5 3- Monday to 3 - Wednesday
3 7 3- Thursday to 30 Saturday
1 3 3 - Saturday
0.5 2 3 - Sunday
3 3 - Sunday
3 3 - Sunday and 4- Monday

1 4 4- Tuesday and 4- Wednesday

2 6 4- Thursday to 4- Saturday
2 6 4 - Saturday and 4- Sunday
3 3 4 - Sunday

0.5 1.5 4 - Sunday

1 3 5 - Monday and 5- Tuesday
1 3 5 - Tuesday and 5- Wednesday
0.5 2 5- Thursday
2 6 5 - Friday and 5- Saturday
2 6 5 - Saturday and 5- Sunday
3 8 5- Sunday to 6 - Wednesday
3 8 6 - Thursday to 6 - Saturday
2 6 6 - Saturday and 6- Sunday
2 6 6- Sunday to 7 - Tuesday
3 7 - Wednesday and 7- Thursday
3 7 - Thursday and 7 - Friday

2 6 7 - Saturday
1 3 7- Sunday
2 6 7- Sunday to 8- Tuesday
 2 6 8 - Tuesday to 8 - Friday
2 6 8 - Friday and 8 - Saturday
3 8 - Saturday and 8- Sunday

3 7 8- Sunday to 9- Tuesday
2 5 9 - Tuesday to 9 - Thursday
3 8 9 - Friday and 9 - Saturday
1 3 9 - Sunday
3 9 - Sunday

2 5 10- Monday to 10- Wednesday

1 3 10 - Wednesday and 10 - Thursday
3 8 10 - Friday and 10 - Saturday
2 5 10 - Sunday
0.5 1.5 10 - Sunday
0.5 1.5 11 - Monday
3 11 - Tuesday and 11- Wednesday

3 9 11 - Wednesday to 11 - Saturday
0.5 2 11 - Saturday
0.5 2 11 - Sunday
0.5 1.5 11 - Sunday
3 3 11 - Sunday

3 9 12 - Monday to 12 - Friday
2 6 12 - Friday and 12 - Saturday
0.5 2 12 - Saturday and 12 - Sunday
3 12 - Sunday

0.5 12 - Sunday
3 13 12 - Sunday to 13 - Saturday
0.5 2.5 13 - Saturday
0.5 13 - Saturday
0.5 13 - Saturday
0.5 13 - Saturday
0.5 13 - Saturday
0.5 13 - Saturday
3 13 - Sunday

15 13 - Sunday to 14 - Saturday

80 14 - Saturday to 17 - Saturday
 20 14 - Saturday to 17 - Saturday

9 14 - Sunday
9 15 - Sunday
9 16 - Saturday

Total hours 426.5

Week Number- Day (for those who
are not working)(4 hours daily) Progress

1 -Monday and 1- Tuesday

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

2- Monday and 2 - Tuesday

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

3 - Wednesday and 3- Thursday

3 - Thursday and 3 - Friday
3 - Saturday and 3- Sunday
3 - Sunday

4 - Monday
4 - Monday
4 - Tuesday
4 - Tuesday and 4- Wednesday
4- Wednesday and 4 - Thursday
4 - Thursday to 4- Saturday
4 - Saturday to 5- Monday
5- Monday to 5- Wednesday
5 - Wednesday and 5 - Thursday
5 - Thursday to 5 - Saturday
5 - Saturday
5 - Sunday

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

7 - Monday and 7 - Tuesday

7 - Tuesday and 7 - Wednesday
7 - Thursday and 7 - Friday
7 - Saturday
7 - Saturday and 7 - Sunday

7 - Sunday and 8 - Monday

8 - Monday and 8 - Tuesday
8- Tuesday to 8 - Thursday
8- Thursday and 8 - Friday
8 - Friday
8 - Saturday
8 - Saturday

8 - Sunday to 9 - Tuesday
9 - Tuesday
9 - Tuesday and 9 - Wednesday
9 - Wednesday
9 - Wednesday and 9 - Thursday

9 - Thursday to 9 - Saturday
9 - Sunday and 10 - Monday
10 - Monday
10- Tuesday

10 - Tuesday
10 - Wednesday to 10 - Friday
10 - Saturday
10 - Saturday
10 - Saturday
10 - Saturday
10 - Sunday
10 - Sunday
10 - Sunday

11 - Monday to 11 - Thursday

11 - Friday to 17 - Saturday
11 - Friday to 17 - Saturday

14 - Sunday
15 - Saturday
16 - Wednesday