Common knowledge exams

Foundation level

Exam Format: multiple choice, calculation, discursive and short essay questions.

Exam 1 3H10
  • Equity valuation and analysis
  • Financial accounting and statement analysis
  • Corporate Finance
Exam 2 2H40
  • Fixed income valuation and analysis
  • Economics
Exam 3 3H10
  • Derivative valuation and analysis
  • Portfolio management

Graduates who already have relevant qualifications may be exempt from the Foundation Level exams. Contact your local national / regional society for further details.

Final level

Exam Format: full and minicase study questions and indepth essay.

Exam 1 3H
  • Corporate finance
  • Economics
  • Financial accounting and statement analysis
  • Equity valuation and analysis
Exam 2 3H
  • Fixed income valuation and analysis
  • Derivative valuation and analysis
  • Portfolio management

National / Regional exam

Set by individual national/regional societies and examines knowledge of specific markets. Covered are the legal, regulation, taxation, local market practices and the cultural environment of the financial market of study.

Exam 1 3H
  • Regulation
  • Ethics
  • Financial statements analysis
  • Market structures and instruments