No of

questions Hours required

Reading Number expected in for
Number of LOS the exam understanding
Financial Reporting and Analysis
21 Financial Statement Analysis: An Introduction 6 2 to 4 2
22 Financial Reporting Mechanics 8 2 to 4 2
23 Financial Reporting Standards 9 2 to 4 2
24 Understanding Income Statements 13 6 to 10 5
25 Understanding Balance Sheets 8 3 to 5 4
26 Understanding Cash Flow Statements 9 4 to 7 4
27 Financial Analysis Techniques 7 3 to 6 3

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

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

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

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

Derivatives
57 Derivative Markets and Instruments 5 2 to 4 1.5
58 Basics of Derivative Pricing and Valuation 15 6 to 8 4.5
59 Risk Management Application of Option Strategies 2 2 to 4 1.5
2 Sectional Tests - Derivatives

Financial Reporting and Analysis

28 Inventories 12 4 to 7 3
29 Long-Lived Assets 16 4 to 7 4
30 Income Taxes 10 2 to 4 3
31 Non-Current (Long-Term) Liabilities 11 3 to 7 4
32 Financial Reporting Quality 9 2 to 4 2
34 Financial Statement Analysis: Applications 5 1 to 4 2.5
5 Sectional Tests - FRA

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

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

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

Economics
14 Topics in Demand and Supply Analysis 6 3 to 5 3.5
15 The Firm and Market Structures 8 3 to 5 3.5
16 Aggregate Output, Prices, and Economic Growth 15 2 to 4 4
17 Understanding Business Cycles 9 2 to 4 3
18 Monetary and Fiscal Policy 20 2 to 4 4
19 International Trade and Capital Flows 10 2 to 4 3.5
20 Currency Exchange Rates 10 2 to 4 3
3 Sectional Tests - Economics
 Ethical and Professional Standards
1 Ethics and Trust in the Investment Profession 5 1 to 2 1
2 Code of Ethics and Standards of Professional Conduc 3 1 to 2 0.5
3 Guidance for Standards I-VII 3 30 to 34 5
4 Introduction to the Global Investment Performance 3 0 to 1 0.5
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 comfo
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 preparatio
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 cas
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 Week Number-Day (Working Week Number- Day (for those
practicing hours Professionals) ( 2 hours on working days who are not working)(hours
problems required and 8 on weekends) Progress distributed uniformly)

1 3 1 - Monday and 1- Tuesday 1 - Monday

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

2 4 2 - Friday and 2 -Saturday 2- Wednesday and 2- Thursday

1 3 2 - Saturday 2 - Thursday and 2- Friday

1 3 2- Saturday and 2- Sunday 2- Friday

1 2.5 2 - Sunday 2- Friday and 2 - Saturday
1 3 2 - Sunday 2 - Saturday
0.5 1.5 2 - Sunday 2- Sunday
1 3 3 - Monday and 3 - Tuesday 2- Sunday
1 3.5 3 - Tuesday and 3 - Wednesday 3- Monday
4 3 - Friday 3 - Tuesday and 3- Wednesday

1.5 5.5 3 - Saturday 3 - Wednesday and 3- Thursday

1 3 3 - Saturday 3 - Friday
1 3 3- Sunday 3 - Saturday
1.5 4 3 - Sunday 3 - Sunday
1 3.5 3 - Sunday and 4- Monday 4 - Monday
1.5 4.5 4 - Tuesday and 4 - Wednesday 4 - Monday and Tuesday
4 4 - Thursday 4 - Wednesday

1 3.5 4 - Saturday 4 - Thursday

1 3.5 4 - Saturday 4 - Friday
1.5 4.5 4 - Sunday 4 - Saturday
1.5 4.5 4- Sunday 4- Sunday
1.5 4.5 5- Monday to 5 Wednesday 5- Monday
1.5 5.5 5 - Wednesday to 5- Friday 5- Tuesday and 5- Wednesday
6 5 - Saturday 5- Wednesday and 5- Thursday
0.5 2 5- Saturday 5- Friday
1.5 6 5 - Sunday 5- Friday and 5- Saturday
0.5 2 5 - Sunday 5 Sunday
4 6 - Monday and 6- Tuesday 5- Sunday and 6- Monday

1.5 4.5 6- Wednesday to 6- Friday 6- Monday and 6-Tuesday

1.5 5.5 6- Friday to 6- Saturday 6- Tuesday and 6- Wednesday
1 4 6- Saturday 6- Thursday
2 6 6- Sunday 6- Friday and 6- Saturday
1 3 6- Sunday and 7-Monday 6- Saturday and 6- Sunday
1 3.5 7- Monday and 7- Tuesday 6- Sunday
10 7 - Wednesday to 7- Saturday 7-Monday to 7- Wednesday

2 6 7- Saturday and 7- Sunday 7-Wednesday and 7-Thursday

1 3 7- Sunday 7- Friday
2 5 7- Sunday and 8- Monday 7- Friday and 7-Saturday
1 2.5 8- Tuesday and 8- Wednesday 7- Sunday
1.5 4.5 8- Wednesday to 8 - Friday 7- Sunday and 8- Monday
0.5 2.5 8- Friday and 8- Saturday 8- Monday
6 8- Saturday 8- Tuesday and 8- Wednesday

2 7 8 - Saturday and 8- Sunday 8- Wednesday to 8- Friday

2 8- Sunday 8- Friday

0.5 2.5 9- Monday 8- Saturday

1 3 9- Tuesday and 9 - Wednesday 8- Saturday and 8- Sunday
1.5 4.5 9- Wednesday to 9- Friday 8- Sunday and 9- Monday
1.5 4.5 9 - Saturday 9- Monday and 9-Tuesday
0.5 2 9 - Saturday 9-Tuesday
4 9 - Saturday and 9 - Sunday 9- Wednesday

1.5 5 9 - Sunday 9- Thursday and 9-Friday

2 5.5 10 - Monday to 10 - Wednesday 9-Friday and 9- Saturday
1.5 5.5 10 - Wednesday to 10 - Saturday 9- Saturday and 9- Sunday
1 4 10 - Saturday 10- Monday
1.5 5.5 10 - Saturday and 10 - Sunday 10 - Tuesday and 10 - Wednesday
1.5 5 10 - Sunday 10- Wednesday and 10- Thursday
1.5 4.5 11- Monday and 11- Tuesday 10 - Thursday and 10- Friday
6 11- Wednesday to 11-Friday 10 - Friday and 10- Saturday
 1 11- Saturday 10 - Sunday
0.5 11- Saturday 10 - Sunday
5 10 11- Saturday and 11- Sunday 10 - Sunday to 11- Tuesday
0.5 11- Sunday 11 - Tuesday
0.5 2.5 11- Sunday 11 - Wednesday
6 11- Sunday to 12 - Tuesday 11 - Wednesday and 11 - Thursday

50 12 - Wednesday to 13 - Friday 11 - Friday to 13- Friday

8 12 - Wednesday to 13- Wednesday 11 - Friday to 13- Wednesday

8 12 - Saturday 11 - Sunday
8 12 - Saturday 12 - Saturday
8 13 - Tuesday 13 - Tuesday

Total hours 375

tting more than 70% marks comfortably, then you may need to increase your effort.
QM first.
with it thorughout your preparation.

en.
70%.
ay in case you are a borderline case.

fa-level-i
Progress
1 - Thursday