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CFA-Level-I Reliable Test Collection PdfExam Code: CFA-Level-I
Exam Name: CFA Institute CFA Level I Chartered Financial Analyst
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CFA-Level-I Dump Collection Total Q&A: 2200 Questions and Answers
Last Update: 2017-05-19

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CFA Program Level I Exam Details

For Registered Candidates

Prerequisite Economics Material: Demand and Supply Analysis (PDF)
Log in to access your candidate resources, including your personal study planner and practice tests.
Some of the items you'll review when preparing for the Level I exam:

Exam questions format
Examples of Level I exam questions
Exam topics and study session outlines: 2017
Tips for taking the Level I exam
Exam Structure and Timing
Structure: The Level I exam consists of 240 multiple choice questions, split among two 3-hour sessions. Candidates must attend both sessions.

Morning session (3 hours): 120 multiple choice questions, covering all topics
Afternoon session (3 hours): 120 multiple choice questions, covering all topics
Timing: On average you should allow approximately 90 seconds for each multiple choice question. You may need more or less time, depending on the question and how well you understand the topic.

Exam Question Format
Multiple Choice Questions

Each item on the Level I multiple choice exam consists of a question, a statement, and/or table and three answer choices: A, B, and C.

Two basic formats are used:

Sentence completion with three unique choices
Questions with three unique choices
Example 1 (Sentence completion)
An analyst suspects that a particular company’s U.S. GAAP financial statements may require adjustment because the company uses take-or-pay contracts. The most likely effect of the appropriate adjustments would be to increase that company’s

A. return on assets.
B. debt-to-equity ratio.
C. interest coverage ratio.

Example 2 (Question)
An analyst suspects that a particular company’s U.S. GAAP financial statements may require adjustment because the company uses take-or-pay contracts. Which of the following is most likely to increase as a result of the appropriate adjustments being made to that company’s financial statements?

A. Return on assets.
B. Debt-to-equity ratio.
C. Interest coverage ratio.

All questions are equally weighted and there is no penalty for an incorrect answer.

More details referencing item stem and item construction (PDF).

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Examples of Level I Exam Questions
Below are some examples of Level I questions, but remember: the exam is based on the current curriculum. You can expect to see similar questions in terms of structure, format and level of difficulty, but don't expect to see the same questions repeated on future exams.

Examples of Level I exam multiple choice questions (PDF)

Already registered for the next Level I exam? Login to access your practice topic tests and mock exam.

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2017 Exam Topics and Study Session Outlines
2017 Level I Study Sessions index | 2017 Level I Study Sessions combined

Ethical and Professional Standards
Exam Weight: 15% Study Session 1 | Readings 1-5
Quantitative Methods
Exam Weight: 12% Study Session 2
Study Session 3
Economics
Exam Weight: 10% Study Session 4
Study Session 5
Financial Reporting and Analysis
Exam Weight: 20% Study Session 6
Study Session 7
Study Session 8
Study Session 9
Corporate Finance
Exam Weight: 7% Study Session 10
Study Session 11
Portfolio Management
Exam Weight: 7% Study Session 12
Equity
Exam Weight: 10% Study Session 13
Study Session 14
Fixed Income
Exam Weight: 10% Study Session 15
Study Session 16
Derivatives
Exam Weight: 5% Study Session 17
Alternative Investments
Exam Weight: 4% Study Session 18
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Examples of Tips for Taking the Level I Exam
Be comfortable with your calculator. Make sure you know how to use the calculator features needed to address the learning outcome statements (LOS).
Exam questions referring to Financial Reporting and Analysis (FRA) are based on International Financial Reporting Standards (IFRS) unless otherwise specified. When a question is based on U.S. GAAP, it will be stated in the question.
Answer all questions: There is no penalty for incorrect answers.
Log in to view more tips for taking the Level I exam and access the rest of your candidate resources, including your personal study planner, topic tests, and mock exams.


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Posted 2017/5/20 10:27:06  |  Category: CFA  |  Tag: CFA-Level-I Dump CollectionCFA-Level-I Test ResultCFA