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 mini case study questions and in-depth 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 it examines knowledge of specific markets. Topics covered include local market practices looking at legal, regulation, taxation issues, and the cultural environment of the financial market being studied.

Exam 1

3H

Regulation Ethics Financial statements analysis Market structures and instruments