CFA Level II – Study Plan 2026

• Revisit Standards I–VII and rewrite each in your own words to sharpen judgement for subtle vignette wording.
• Refresh multiple regression, time-series diagnostics, and machine-learning LOS—summarise assumptions, test statistics, and use cases in a one-page sheet.
• Solve at least two mixed item sets per session to practice scanning exhibits efficiently.

• Master intercorporate investments, business combinations, pensions, and multinational operations—prepare quick-reference entries for GAAP vs. IFRS differences.
• Link corporate issuer topics (capital structure, dividend policy, working capital) to valuation adjustments inside residual income and EVA models.
• Complete blue-box examples from the curriculum, then replicate each on blank paper to make the process second nature.

• Map currency forecast frameworks, parity conditions, and economics of growth to equity return drivers.
• Practice top-down industry and company analysis: write short memos explaining your sector views, factor exposures, and multiples.
• Build a table linking the required steps for residual income, FCFF/FCFE, and dividend discount approaches.

• Deep dive term structure models, key rate duration, and curve strategies—annotate when to use each point on the curve.
• Work through credit analysis LOS: structural vs. reduced-form, high-yield modeling, distressed restructuring.
• Create a workflow for valuing securitised products (MBS/ABS) highlighting prepayment modelling and OAS interpretation.

• Rebuild option valuation from first principles (binomial, BSM, put-call parity) and memorise the hedge ratios needed for risk management LOS.
• Practise swap valuation (currency, equity, amortising) and forward rate agreements until you can solve without a calculator template.
• For alternatives, summarise private equity waterfall structures, real asset valuation, and commodities term structure dynamics.

• Connect multi-factor models, performance attribution, and active portfolio management frameworks.
• Translate investment policy statements into strategic and tactical asset allocation decisions.
• Document risk management techniques that appear across topics (tracking error, information ratio, IC) to reuse during mocks.

• Alternate morning and evening blocks between FRA/EQ and FI/DER sets to keep every formula fresh.
• Time box each vignette to 18 minutes, log misses, and immediately classify whether failure was concept, process, or careless.
• Rewrite condensed notes after each drill—only keep information you would use in the final two weeks.

• Sit for at least four full-length mock exams (two official, two provider) under timed conditions.
• Use post-mock reviews to update your error log and re-plan the final review days by weakest topic weight.
• Refine calculator keystrokes, inventory formulas, and decide on exam-day break strategy.

Mock Review Playbook

Learn how our mentors grade item-set responses, highlight red flags, and convert weak answers into full-credit responses.

Making Sense of CFA Pre‑Readings

Use this guide to prioritise prerequisite readings so Level I concepts that reappear in Level II do not slow you down.

CFA Last 60 Days Strategy

A tactical blueprint for blending revision, light-weight memorisation, and mock exams in the final two months.