Reading Number

Number of LOS
Corporate Finance
21 Capital Budgeting 9
22 Capital Structure 5
23 Dividends and Share Repurchase: Analysis 10
24 Corporate Performance, Governance, and Business Ethics 4
25 Corporate Governance 8
26 Mergers and Acquisitions 15
Sectional Test 1 - Corporate Finance

Financial Reporting and Analysis

16 Intercorporate Investments 3
17 Employee Compensation: Post-Employment and Share-Based 8
18 Multinational Operations 10
19 Evaluating Quality of Financial Reports 13
20 Integration of Financial Statement Analysis Techniques 5
Sectional Test 1 - Financial Reporting and Analysis
Sectional Test 2 - Financial Reporting and Analysis

Quantitative Methods
9 Correlation and Regression 11
10 Multiple Regression and Issues in Regression Analysis 15
11 Time-Series Analysis 15
12 Excerpt from "Probabailistic Approaches: Scenario Analysis, Decision Trees, and Simul 7
Sectional Test 1 - Quantitative Methods

Equity
27 Equity Valuation: Applications and Processes 8
28 Return Concepts 8
29 Industry and Company Analysis 13
30 Discounted Dividend Valuation 16
31 Free Cash Flow Valuation 13
32 Market-Based Valuation: Price and Enterprise Valie Multiples 18
33 Residual Income Valuation 12
34 Private Company Valuation 12
Sectional Test 1- Equity
Sectional Test 2- Equity

Fixed Income
35 The Term Structure and Interest Rates Dynamics 13
36 The Arbitrage-Free Valuation Framework 8
37 Valuation and Analysis: Bonds with Embedded Options 16
38 Credit Analysis Models 9
39 Credit Default Swaps 5
Sectional Test 1- Fixed Income
 Alternative Investments
43 Private Real Estate Investments 13
44 Publicly Traded Real Estate Securities 8
45 Private Equity Valuation 11
46 Commodities and Commodity Derivatives: An Introduction 10
Sectional Test 1 - Alternative Investments

Derivatives
40 Pricing and Valuation of Forward Commitments 4
41 Valuation of Contingent Claims 15
42 Derivatives Strategies 10
Sectional Test 1- Derivatives

Portfolio Management
47 The Portfolio Management Process and the Investment Policy Statement 7
48 An Introduction to Multifactor Models 7
49 Measuring and Managing Market Risk 12
50 Economics of Investment Markets 13
51 Analysis of Active Portfolio Management 6
52 Algorithm Trading and High-Frequency Trading 6
Sectional Test 1- Portfolio Management

Economics
13 Currency Exchange Rates: Determination and Forecasting 16
14 Economic Growth and the Investment Decision 12
15 Economics of Regulation 9
Sectional Test 1- Economics

Ethical and Professional Standards

1 Code of Ethics and Standards of Professional Conduct 2
2 Guidance for standards I-VII 2
3 CFA Institute Reserach Objectivity Standards 2
4 The Glenarm Company 2
5 Preston Partners 2
6 Super Selection 2
7 Trade Allocation: Fair Dealing and Disclosure 2
8 Changing Investment Objectives 2
Sectional Test - Ethical and Professional Standards

5 Sectional Tests combining 3-4 subjects together

Revision along with 10 more sectional tests

5 Sectional Tests combining different subjects (4-7 subjects)

Full Length Mock Tests

Mock Test 1 (Morning + Afternoon)
Mock Test 2 (Morning + Afternoon)
Mock Test 3 (Morning + Afternoon)

Important Notes:
Sectional tests will be of 90 minutes duration and will have 5 item sets and 30 questions.
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Working professionals need to devote more time in last 3-4 weeks
 Hours required
for
Item Sets expected and Important topics understanding

4
2
The weight of Corporate Finance is 5-15%. So, you may get 1 to 3 item sets from this 3
section. Historically, they have asked 2 item sets from this section. Mergers and 1.5
Acquisition has been one of their favorite area. This time they have added one
additional new chapter(Corporate Performance). So, you may expect few questions 1.5
from that chapter as well. 5

4
3
The weight of Financial Reporting and Analysis is 15-20 percent. So, you will get 4
either 3 or 4 item sets from this area. You can expect 1 item set each from the first 3
chapters and 1 item set from remaining two chapters. Two chapters have been 2
dropped this year from this area.So, most probably you will get 3 item sets only. 1.5

3
4
1 item set will be asked from this subject as its weight is 5-10%. The important areas
are ANOVA table calculations, problems in multiple regression (heteroskedasticiy, 4
serial correlation and multicollinearity) and time series models and their issues. 1

1
2
4
The most important area of CFA level II curriculum and also the easiest one. Its 4
weight is 15-25 percent. Last year they asked only 3 item sets from it. But this time 5
you can expect 4 item sets from this area. Two small chapters have been dropped 5
from this area this year. The chapters from 30-35 are extremely important with 31st
chapter being the most important. You need to avoid silly mistakes in this area and 4
that can be achieved by practicing more item sets. 4

4
The weight of Fixed Income is 10-20%.They asked only 2 item sets from this area last 2
year. But this time you are likely to get 3 item sets from this area as the 39th chapter 4
which used to be a part of Derivatives has been shifted under this area. The 37th
chapter is the most important one. You must be really good conceptually in this area 4
to score well. 1
 4
The weight of AI is 5-10%. So, you are more likely to get only 1 item set from this 3
subject. All sections are important. There are only few formulas. Concentrate on
memorising those formulas. Doing blue box examples from book is advisable to ace 5
this subject. 2

Concentrate on understanding the valuation of various derivatives instruments and 7

related concepts. The 42nd chapter has been added this time only. So, you may
expect few questions from this chapter. Though 40th and 41st chapters are also new 6
but those topics were earlier as well in last year syllabus. 3

1.5
2
4
The weight of PM is 5-10%. So, you are more likely to get only 1 item set from this 3
topic. Your focus should be on concepts and formulas. Try to memorize and learn how
to derive formulas. Two readings 49th and 52nd have been added this year only. So, 2
you can even get 2 item sets from this area. 49th chapter is important. 1.5

though they asked 2 item sets from it last year. There are too many cumbersome 6
concepts to master to ace this subject. More time will be spent to gain few additional
marks. Tradeoff is not favorable. However, if you want to master the concepts, then 4
do follow curriculum book blue box examples. 1.5

0.5
10
2
The weight of Ethics has been changed from 10% to 10-15% this year. So, you can 0.5
expect 2 to 3 item sets from it. You will most likely get 2 item sets only as 1 reading 0.5
related to Soft Dollars has been removed this time. Chapters 1,2,3,7 and 8 are 0.5
important. Pratice is the key to master this subject. Read it slowly from curriculum
books and make notes alongside. While practicing the questions, note down your 0.5
mistakes and try to avoid those mistakes. That's the best way to ace this subject. 0.5
ons.

evel-ii
Hours
required for Total
practicing hours Week Number-Day (Working Professionals) (2
problems required hours on working days and 6 on weekends) Progress

3 7 1 - Monday to 1- Thursday
1.5 3.5 1 - Thursday to 1- Friday
1.5 4.5 1 - Saturday
0.5 2 1- Saturday and 1- Sunday
0.5 2 1- Sunday
3 8 1- Sunday to 2- Wednesday
3 2- Wednesday and 2 - Thursday

3 7 2- Friday and 2 - Saturday

2 5 2- Saturday and 2- Sunday
3 7 2- Sunday to 3-Wednesday
1 3 3- Wednesday and 3- Thursday
0.5 2 3- Friday
3 3- Saturday
3 3- Saturday

1 4 3-Sunday
2 6 3-Sunday to 4-Tuesday
2 6 4- Wednesday to 4- Friday
0.5 1.5 4-Saturday
3 3 4- Saturday

0.5 1.5 4-Saturday

1 3 4-Sunday
2 6 4-Sunday to 5-Tuesday
2 6 5- Tuesday to 5-Friday
3 8 5- Friday to 5-Sunday
3 8 5- Sunday to 6- Tuesday
2 6 6- Tuesday to 6-Friday
2 6 6- Friday and 6- Saturday
3 6- Sunday
3 6-Sunday

2 6 7-Monday to 7-Wednesday
1 3 7-Thursday and 7-Friday
2 6 7-Friday and 7-Saturday
2 6 7-Saturday and 7- Sunday
0.5 1.5 7- Sunday
3 8-Monday and 8-Tuesday
 3 7 8- Tuesday to 8-Friday
2 5 8-Saturday
3 8 8-Saturday to 9-Monday
1 3 9-Monday and 9-Tuesday
3 9-Wednesday and 9-Thursday

3 10 9- Thursday to 9-Sunday
3 9 9- Sunday to 10-Tuesday
2 5 10-Wednesday to 10-Friday
3 10-Friday and 10-Saturday

0.5 2 10-Saturday
1 3 10-Saturday
2 6 10-Sunday
2 5 11-Monday to 11-Wednesday
1 3 11-Wednesday and 11-Thursday
0.5 2 11-Friday
3 3 11-Saturday

3 9 11-Saturday and 11-Sunday

2 6 12-Monday to 12-Wednesday
0.5 2 12-Thursday
3 12-Friday and 12-Saturday

0.5 12- Saturday

3 13 12-Saturday to 13-Monday
0.5 2.5 13-Tuesday and 13-Wednesday
0.5 13-Wednesday
0.5 13-Wednesday
0.5 13-Wednesday
0.5 13- Thursday
0.5 13- Thursday
3 13- Thursday and 13-Friday

15 13 - Saturday to 14 - Saturday

80 14 - Saturday to 17 - Saturday

20 14 - Saturday to 17 - Saturday

9 14 - Sunday
 9 15 - Sunday
9 16 - Saturday

Total hours 417

Week Number- Day (for those who
are not working)(4 hours daily) Progress

1 -Monday and 1- Tuesday

1 - Tuesday and 1- Wednesday
1- Wednesday and 1- Thursday
1- Thursday and 1- Friday
1 - Friday
1 - Friday to 1- Sunday
1- Sunday and 2 - Monday

2-Monday to 2-Wednesday
2-Wednesday and 2-Thursday
2-Thursday to 2-Saturday
2- Saturday
2- Sunday
2- Sunday and 3-Monday
3- Monday

3-Tuesday
3-Wednesday and 3-Thursday
3-Thursday and 3-Friday
3-Saturday
3-Saturday

3-Sunday
3-Sunday
4-Monday and 4-Tuesday
4-Tuesday and 4-Wednesday
4-Thursday and 4-Friday
4-Saturday and 4-Sunday
5-Monday and 5-Tuesday
5-Tuesday and 5-Wednesday
5-Thursday
5-Thursday and 5-Friday

5-Friday and 5-Saturday

5-Sunday
5-Sunday to 6-Tuesday
6-Tuesday to 6-Thursday
6-Thursday
6-Thursday and 6-Friday
6-Friday to 6-Sunday
6-Sunday and 7-Monday
7-Monday to 7-Wednesday
7-Wednesday
7-Thursday

7-Thursday to 7-Sunday
7-Sunday to 8-Tuesday
8-Tuesday and 8-Wednesday
8-Wednesday and 8-Friday

8-Friday
8-Saturday
8-Saturday to 9-Monday
9-Monday and 9-Tuesday
9-Wednesday
9-Wednesday and 9-Thursday
9-Thursday

9-Friday to 9-Sunday
9-Sunday and 10-Monday
10-Monday
10-Monday and 10-Tuesday

10-Tuesday
10-Tuesday to 10-Friday
10-Saturday
10-Saturday
10-Saturday
10-Saturday
10-Sunday
10-Sunday
10-Sunday

11 - Monday to 11 - Thursday

11 - Friday to 17 - Saturday

11 - Friday to 17 - Saturday

14 - Sunday
15 - Saturday
16 - Wednesday