CFA Level II Exam Preparation
Move from knowing the tools to applying them.
About this course
Move from knowing the tools to applying them. This preparation course for the CFA Level II exam focuses on asset valuation and analysis across all ten topic areas, from advanced financial statement analysis and equity valuation to fixed income, derivatives and portfolio management.
Level II questions come as vignette-based item sets, so the course trains you to read a case quickly, pick out what matters and work accurately under time pressure. It closes with a full mock exam and a focused review of the areas that need more attention.
What you'll learn
- Apply the Code of Ethics and Standards of Professional Conduct to more complex case situations.
- Use multiple regression, time-series analysis and machine learning concepts in investment analysis.
- Analyse intercorporate investments, employee compensation, multinational operations and financial institutions.
- Value equities using dividend, free cash flow, residual income and market multiple approaches.
- Value fixed income securities, including bonds with embedded options and credit derivatives.
- Price and value forwards, futures, swaps and options.
- Evaluate alternative investments and apply portfolio management tools such as multifactor models and risk measurement.
- Answer vignette-based item sets confidently and complete a full mock exam under timed conditions.
Curriculum
- Level II exam format and item sets
- Reading vignettes efficiently
- Topic areas and study priorities
- Building a personal study plan
- Code of Ethics and Standards of Professional Conduct
- Applying the Standards in case vignettes
- Research objectivity
- Ethics case practice
- Multiple regression
- Model misspecification and diagnostics
- Time-series analysis
- Machine learning
- Big data projects
- Currency exchange rates: arbitrage and forecasting
- Economic growth
- Economics of regulation
- Intercorporate investments
- Employee compensation
- Multinational operations
- Analysis of financial institutions
- Evaluating the quality of financial reports
- Dividends and share repurchases
- Environmental, social and governance considerations
- Cost of capital
- Corporate restructuring
- Industry and company analysis
- Discounted dividend valuation
- Free cash flow valuation
- Market-based valuation
- Residual income and private company valuation
- Term structure and interest rate dynamics
- Arbitrage-free valuation
- Bonds with embedded options
- Credit analysis models
- Credit default swaps
- Pricing and valuation of forwards and futures
- Pricing and valuation of swaps
- Valuation of options
- Option strategies
- Real estate investments
- Private equity
- Hedge fund strategies
- Commodities and commodity derivatives
- Exchange-traded funds
- Multifactor models
- Measuring and managing market risk
- Backtesting and simulation
- Active portfolio management
- Full timed mock exam
- Reviewing results by topic
- Targeted revision
- Final-weeks study plan
Who it's for
Candidates who have passed CFA Level I and are preparing to sit the Level II exam.
Before you start
- A pass in the CFA Level I exam.
- Confident use of a financial calculator and Excel.
Prepares for
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