CFA Exam Prep Test iOS App

CFA Exam Prep Test iOS App

Elevate Your Finance Career with CFA Exam Prep Test!

Achieve excellence and confidently pass your CFA Certification Exams using our expertly designed CFA Exam Prep Test app. Whether you're an aspiring analyst or a seasoned financial professional, our app provides the essential tools and knowledge to excel in the rigorous CFA curriculum.

Become a Chartered Financial Analyst with These Key Features:

Realistic Practice Questions
Test your knowledge with carefully crafted questions that mirror the format and complexity of the actual CFA exams. Covering all three levels, our questions ensure you're thoroughly prepared for every aspect of the CFA curriculum.

Detailed Explanations
Deepen your understanding with comprehensive explanations for each question. Gain insights into advanced investment analysis, portfolio management, ethical standards, and financial reporting to reinforce your mastery of key concepts.

Progress Tracking
Monitor your study progress with detailed analytics. Identify your strengths and target areas for improvement, allowing you to focus your efforts effectively and stay on track towards your certification goals.

Customizable Practice Tests
Tailor your study sessions by creating custom tests based on specific topics or subtopics. This personalized approach ensures comprehensive coverage of the CFA material, catering to your unique preparation needs.

Error Review System
Enhance your proficiency by reviewing and analyzing questions you've answered incorrectly. Our error review system helps you understand your mistakes, solidify your knowledge, and avoid repeating errors in the actual exam.

Question Collection Feature
Compile challenging questions into a personal collection for ongoing review. Reinforce key concepts and promote long-term retention, making it easier to revisit and master difficult topics.

Offline Access
Study anytime, anywhere with full access to practice questions and progress tracking features, even without an internet connection. Enjoy the flexibility to learn on the go.

User-Friendly Interface
Navigate effortlessly through a sleek, intuitive design that makes studying efficient and enjoyable. Whether you're at home or on the move, CFA Exam Prep Test ensures a seamless learning experience.

Prepare for your CFA Certification Exams with unparalleled confidence. The CFA Exam Prep Test app is your ultimate academic companion, providing the practice and analytical tools you need to attain certification and advance your career in the finance sector.

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Elevate your financial expertise. Ace your CFA exams. Advance your career. With CFA Exam Prep Test, your path to professional excellence is clear and achievable.

Content Overview

Explore a variety of topics covered in the app.

Ethical and Professional Standards

Code of Ethics and Standards
Guidance for Standards
Global Investment Performance
Professionalism in Practice
Integrity of Capital Markets
Duties to Clients
Duties to Employers
Investment Analysis Duties
Conflicts of Interest
CFA Member Responsibilities

Quantitative Methods

Time Value of Money
Discounted Cash Flow
Statistical Concepts Basics
Probability Distributions
Sampling and Estimation
Hypothesis Testing
Correlation and Regression
Multiple Regression Analysis
Time-Series Analysis
Technical Analysis

Economics

Microeconomic Principles
Demand and Supply Analysis
Market Structures
Macroeconomic Concepts
Aggregate Demand & Supply
Economic Growth Models
Monetary and Fiscal Policy
International Trade Theory
Currency Exchange Rates
Balance of Payments

Financial Reporting and Analysis

Financial Reporting Standards
Income Statement Analysis
Balance Sheet Analysis
Cash Flow Statement Analysis
Inventories Accounting
Long-Lived Assets
Income Tax Accounting
Non-Current Liabilities
Financial Reporting Quality
Financial Statement Ratios
Applications in Analysis

Corporate Finance

Corporate Governance
Capital Budgeting Process
Cost of Capital Concepts
Measures of Leverage
Working Capital Management
Dividend Policy Decisions
Business Risk Management
Mergers and Acquisitions

Equity Investments

Market Organization Basics
Security Market Indices
Market Efficiency Theory
Equity Security Types
Industry Analysis Techniques
Company Analysis Methods
Equity Valuation Concepts
Dividend Discount Models
Free Cash Flow Valuation
Market-Based Valuation
Private Company Valuation

Fixed Income

Fixed-Income Securities
Fixed-Income Markets
Bond Valuation Techniques
Yield Measures and Curves
Term Structure of Rates
Interest Rate Risk
Credit Analysis Models
Mortgage-Backed Securities
Asset-Backed Securities
Fixed-Income Derivatives

Derivatives

Derivative Instrument Types
Forward Contracts Basics
Futures Markets Overview
Options Markets and Uses
Swap Contracts Fundamentals
Risk Management with Derivatives
Valuation of Derivatives

Alternative Investments

Real Estate Investments
Private Equity Overview
Hedge Fund Strategies
Commodities Investment
Infrastructure Assets
Managed Futures
Alternative Investment Valuation
Alternative Strategies Risks

Portfolio Mgmt & Wealth Planning

Portfolio Concepts Basics
Risk and Return Measures
Portfolio Planning Process
Asset Allocation Strategies
Portfolio Construction
Investment Policy Statement
Capital Market Expectations
Risk Management Concepts
Performance Evaluation
Behavioral Finance Insights

Example questions

Let's look at some sample questions

What should an analyst do if their employer asks them to misrepresent information in a report?

Comply with the request to maintain good relations with the employerRefuse the request and report the incident to a higher authority within the companyResign immediately without explanationReport the employer to the media
The CFA Institute's Code of Ethics and Standards of Professional Conduct requires members to maintain integrity and professionalism. If an employer asks an analyst to misrepresent information, they should refuse and report the incident to a higher authority within the company.

In a Poisson distribution with lambda=5, what is the probability of exactly 3 occurrences?

0.1400.1750.2100.265
The probability of k occurrences in a Poisson distribution is given by the formula: P(X=k) = (lambda^k * e^-lambda)/k!. Substituting lambda=5 and k=3, we get P(X=3) = 0.175.

Which of the following is not a characteristic of perfect competition?

There are many buyers and sellersFirms sell identical productsThere is free entry and exitFirms can influence the price
In a perfect competition, firms are price takers and cannot influence the price. They must accept the market price.

What is the effect of a decrease in investment on aggregate demand?

Aggregate demand decreasesAggregate demand stays the sameAggregate demand increasesNone of the above
A decrease in investment reduces aggregate demand because investment is a component of aggregate demand.

Which of the following is NOT a characteristic of the Solow Growth Model?

It assumes constant returns to scaleIt includes a production function with capital and labor inputsIt assumes that technology grows at a constant rateIt assumes that savings rate is determined by population growth
The Solow growth model does not assume that the savings rate is determined by population growth. Instead, it assumes that the savings rate is an exogenous variable, which means it is determined outside the model.

What happens to the carrying value of a bond if it was issued at a premium and the premium is being amortized?

It increases over timeIt decreases over timeIt remains constant over timeIt fluctuates depending on the market interest rate
If a bond was issued at a premium and the premium is being amortized, the carrying value of the bond decreases over time. The premium is gradually subtracted from the carrying value until it reaches the bond's face value at maturity.

Which of the following is a challenge in private company valuation?

Availability of public informationHigh liquidityStable cash flowsLow cost of capital
Private companies often lack public information, making it difficult to assess their value accurately. This is a significant challenge in private company valuation.

What is a current yield in bonds?

The ratio of the annual income from an investment to the current market priceThe ratio of the annual income from an investment to the original investment costThe ratio of the current market price to the annual income from an investmentThe ratio of the original investment cost to the annual income from an investment
Current yield is the ratio of the annual income from an investment (in this case, the interest received from a bond) to the current market price of that investment. It is expressed as a percentage.

What is the purpose of tranching in Asset-Backed Securities?

To increase liquidityTo diversify riskTo increase yieldAll of the above
Tranching in Asset-Backed Securities is primarily used to diversify risk. It allows for different levels of risk and return within the same investment, catering to a wider range of investors.

What does a steeper Capital Market Line indicate?

Lower expected return for each unit of riskHigher expected return for each unit of riskHigher risk-free rateLower risk-free rate
A steeper Capital Market Line indicates a higher expected return for each unit of risk. This is because the slope of the line represents the risk premium, or the additional return expected for taking on more risk.