![]() ![]() Here’s the summary of FRA chapter readings: Reading Number It is covered in Study Sessions 5-8, which includes Reading 15-26. This is one of the unmissable topic areas – key to passing Levels 1 and 2, and therefore key to the entire CFA program.Ģ022 CFA Level 1 Financial Reporting and Analysis’ topic weighting is 13%-17%, which means 23-31 questions of the 180 questions of CFA Level 1 exam is centered around this topic. Let’s dive in – this is a MONSTER article for a monstrous topic □ Bookmark and come back to it often!įRA is a key foundational topic for CFA Level 1, which forms a basis for Level 2 learnings, but drops off at Level 3.įRA has the second largest topic weighting after Ethics in Level 1. Use the Cheat Sheets during your practice sessions to refresh your memory on important concepts. More Cheat Sheets will be published in the coming weeks, sign up to our member’s list to be notified first.īy referring to the CFA Learning Outcome Statements (LOS), we prioritize and highlight the absolute key concepts and formula you need to know for each topic. That’s why we decided to create our Cheat Sheet series of articles, which focuses on one specific topic area for one specific CFA Level. And how I felt 5x worse when studying Level 2’s FRA section…įinancial Reporting and Analysis is one of the largest hurdles in the CFA exams, especially for Level 1 and Level 2. ![]() Note: this cheat sheet is updated for the latest 2022’s curriculum.Īh, I remember the days where I looked at the sheer volume of formulae and concepts in CFA Level 1 FRA (Financial Reporting and Analysis) in despair. ![]()
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