1
Level I - Ethical and Professional Standards
An ethical decision sequence | Material nonpublic information | Independence under pressure | Matching advice to a client
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Chartered Financial Analyst (CFA) Free Practice Test
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An equity analyst owns shares in a company covered by the analyst’s research. The personal holding could reasonably be expected to affect the analyst’s objectivity. Which action is most appropriate?
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Chartered Financial Analyst (CFA)
Treasury Conquer · 2,800+ exam-style practice questions with clear explanations
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Exam Syllabus
Core Chartered Financial Analyst (CFA) topics
2
Level I - Quantitative Methods
The time value of money | Arithmetic and geometric returns | Dispersion in return data | Conditional probability
3
Level I - Economics
Price elasticity and revenue | The firm's output decision | Measuring aggregate output | Aggregate demand and fiscal effects
4
Level I - Financial Statement Analysis
How the statements connect | Revenue before cash collection | Inventory cost formulas | Depreciation and carrying amount
5
Level I - Corporate Issuers
Control and economic ownership | Stakeholder risks in company decisions | Capital budgeting with NPV | Weighted average cost of capital
6
Level I - Equity Investments
Sources of equity return | Bid, ask, and trading cost | Market-value-weighted indexes | Industry concentration
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Video course preview
Chartered Financial Analyst (CFA) video course
Treasury Conquer brings guided video study, worked examples, and exam-style practice into one study flow.
Core exam topics
Work through the syllabus in a clear sequence.
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See how the method applies before you practise.
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Review reasoning, choices, and common traps.
Included with any paid module · Yours for life
Bring your finance experience into focus.
Your Treasury Conquer Career Launch Kit includes completed CV examples, six interview questions per career family, a worked case and a practical 30-day plan.
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A lifetime buyer bonus alongside your exam preparation. Fictional examples illustrate the tools; they are not candidate results or employment promises.
Show cash visibility, forecast reasoning and financial decision support. Project, analytics and supply-chain studies are transferable inputs, not treasury designations.
Sample from the kit · Fictional example
Treasury analyst
Finance operations analyst seeking treasury responsibilities, with experience reconciling inputs and explaining forecast differences. Preparing the next credential step while building practical cash-analysis evidence.
Experience extract
Reconciled a fictional 13-week cash forecast to bank and ledger inputs and documented four timing differences.
Use the structure with your own experience and figures. Do not copy fictional achievements as your own.
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Learner reviews
What learners say about the Chartered Financial Analyst (CFA) practice tools
Feedback from learners using Treasury Conquer to make Chartered Financial Analyst (CFA) preparation more focused and manageable.
4.9/5
from 400+ reviews
Dana W.
Treasury Conquer learner
“While preparing for CFA, I keep a small list of mistakes from Analyst Applied Practice and Decision-Making. Reviewing why each answer went wrong keeps my study sessions more focused than simply rereading notes.”
Victor S.
Treasury Conquer learner
“Great CFA prep. Treasury Conquer was clear and easy to use!”
Amara K.
Treasury Conquer learner
“For CFA, Methods, Procedures, and Documentation was the area I kept postponing. Breaking it into a few practice questions at a time makes the material much easier to revisit after work.”
Leo F.
Treasury Conquer learner
“My CFA routine is simple: one timed set, a short break, then a careful review of Ethics, Safety, and Professional Standards. The explanations show whether I understood the idea or just guessed well.”
Nadia F.
Treasury Conquer learner
“The CFA practice questions kept my review focused.”
Jonas P.
Treasury Conquer learner
“I use lunch breaks to review Case Analysis and Exam-Style Scenarios for CFA. Short sessions work better for me because I can focus on one weak area without trying to cover the whole syllabus at once.”
Rosa M.
Treasury Conquer learner
“The hardest part of CFA prep for me is keeping similar ideas in Chartered Concepts and Core Domain Knowledge separate. I now write one-line comparisons after each practice set, which makes the next review much clearer.”
Jamal W.
Treasury Conquer learner
“Treasury Conquer made CFA prep simple and easy to follow.”
Yuki S.
Treasury Conquer learner
“I am still working through CFA, especially Financial Assessment and Interpretation. Going back through missed questions slowly has shown me which details I rush past when I practice under time pressure.”
Trevor B.
Treasury Conquer learner
“CFA review felt much more manageable with these tools.”
Recorded customer testimonials
“Thanks to the well-organized practice questions, I was able to tackle my exam preparations with ease. The questions are thoughtfully designed to closely resemble those in the actual exam.”
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“The practice questions, key study notes, and supportive staff all help me to pass the exam. And the best thing is, is that the questions are well-structured and similar to the ones on the actual exam.”
“The practice questions are superbly crafted, making exam preparation a breeze. The explanations provided after this question are like gold dust.”
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FAQ
Common questions about Chartered Financial Analyst (CFA)
How do the three CFA Program levels build on one another?
Level I establishes the terms, calculations, and concepts used in investment work. Level II asks candidates to analyze and evaluate situations presented in vignettes. Level III emphasizes integrating information and applying judgment, including constructed responses and a specialized pathway. A Level I valuation formula is therefore a starting point: later decisions may require reconciling its assumptions with client needs and competing evidence.
Why does the accounting basis matter when analyzing a company?
Recognition and measurement rules affect reported assets, profit, and ratios even when the underlying business is the same. In Level I Financial Statement Analysis, use IFRS unless a question explicitly specifies U.S. GAAP. First identify the transaction and applicable basis, then trace its effects through the statements before interpreting a ratio.
How should a candidate connect valuation with portfolio risk?
Valuation estimates what an asset is worth under stated cash flow and discount rate assumptions. Portfolio analysis asks how holding that asset changes the investor's total risk and expected return. A stock can appear undervalued on its own yet add concentrated exposure to an existing portfolio. Compare the valuation case with the asset's risk, liquidity, and fit with the investor's objectives.
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