Put These Notes into Practice
Reading the notes is a great start. Now practise with unlimited AI-generated questions and get instant feedback. 100,000+ students are already improving their grades.
CFA Level I
10 sections available · 93 chapters available
Free CFA Level I study notes for CFA students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Ethical and Professional Standards
Quantitative Methods
Rates and Returns
Time Value of Money in Finance
Statistical Measures of Asset Returns
Probability Trees and Conditional Expectations
Portfolio Mathematics
Simulation Methods
Estimation and Inference
Hypothesis Testing
Parametric and Non-Parametric Tests of Independence
Simple Linear Regression
Introduction to Big Data Techniques
Economics
Financial Statement Analysis
Introduction to Financial Statement Analysis
Analyzing Income Statements
Analyzing Balance Sheets
Analyzing Statements of Cash Flows I
Analyzing Statements of Cash Flows II
Analysis of Inventories
Analysis of Long-Term Assets
Topics in Long-Term Liabilities and Equity
Analysis of Income Taxes
Financial Reporting Quality
Financial Analysis Techniques
Introduction to Financial Statement Modeling
Corporate Issuers
Equity Investments
Fixed Income
Fixed-Income Instrument Features
Fixed-Income Cash Flows and Types
Fixed-Income Issuance and Trading
Fixed-Income Markets for Corporate Issuers
Fixed-Income Markets for Government Issuers
Fixed-Income Bond Valuation: Prices and Yields
Yield and Yield Spread Measures for Fixed-Rate Bonds
Yield and Yield Spread Measures for Floating-Rate Instruments
The Term Structure of Interest Rates: Spot, Par, and Forward Curves
Interest Rate Risk and Return
Yield-Based Bond Duration Measures and Properties
Yield-Based Bond Convexity and Portfolio Properties
Curve-Based and Empirical Fixed-Income Risk Measures
Credit Risk
Credit Analysis for Government Issuers
Credit Analysis for Corporate Issuers
Fixed-Income Securitization
Asset-Backed Security (ABS) Instrument and Market Features
Mortgage-Backed Security (MBS) Instrument and Market Features
Derivatives
Derivative Instrument and Derivative Market Features
Forward Commitment and Contingent Claim Features and Instruments
Derivative Benefits, Risks, and Issuer and Investor Uses
Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities
Pricing and Valuation of Futures Contracts
Pricing and Valuation of Interest Rates and Other Swaps
Pricing and Valuation of Options
Option Replication Using Put–Call Parity
Valuing a Derivative Using a One-Period Binomial Model
Alternative Investments
Done reading? Test yourself with AI practice questions
Practice This Topic Now