This guide breaks down the essential formulas, concepts, and "traps" you need to memorize to conquer exam day. 1. Ethical and Professional Standards
AnalystPrep 5m Show all Unlike Level 1, these are complex vignettes where you must identify subtle violations. YouTube +1 The Big 7 Standards: Professionalism, Integrity of Capital Markets, Duties to Clients, Duties to Employers, Investment Analysis, Conflicts of Interest, and Member Responsibilities. Key Nuance: If local law is stricter than CFA Standards, follow the law; otherwise, follow the Standards. Scribd +1 Strategic Study Recommendations for 2026 Study Order: Start with the "Big 4" (FSA, Equity, Fixed Income, and Ethics) while your motivation is peak. Formula Mastery: Use active recall. Write formulas in red, define variables in a different color, and include a numerical example beneath complex ones. Mock Exams: Aim for 4–6 full mock exams in the final month to get used to the vignette pacing. Resources: FinQuiz 2026 Formula Sheet : A 2026 curriculum-aligned PDF for daily review. UWorld/SimpleSheets : Topic-by-topic layout for vignette-style practice. YouTube +7 Would you like a more detailed breakdown of a specific topic, like the Binomial Tree or FCFE derivations? AI responses may include mistakes. For financial advice, consult a professional. cfa level 2 quick sheet
Acquisition Method: Recognizing 100% of assets/liabilities and Minority Interest. This guide breaks down the essential formulas, concepts,
Always look for the "most restrictive" rule when local laws conflict with the Code and Standards. 2. Quantitative Methods: Correlation and Regression YouTube +1 The Big 7 Standards: Professionalism, Integrity
For Level 2, the focus shifts from definitions to application . Your Quick Sheet shouldn't define what Net Present Value (NPV) is; it should list the specific formulas for calculating NPV in complex scenarios, the rules for the Treynor-Black model, or the steps for a Gordon Growth variation.
This is where you will see heavy calculation questions.