Memory Cards and Tricks for Complex Concepts

Flash cards are expedient; you can prepare your own or even use the digital ones provided through online channels. We prepared some flashcards to help you with some confusing CFA Level 1 concepts:

Ethics

Material Nonpublic Information and the Mosaic Theory are crucial concepts in the CFA Level 1 exam.

mosaic-theory-cfa-level-1

Quantitative Methods

Students often have trouble understand Probability concepts. However, once you understand them, they are easy to implement.

probability-concepts-1-cfa-level-1

probability-concepts-2-cfa-level-1

Economics

The differences between Perfect Competition and Monopoly are shown in this memo card. Be sure to remember how monopolistic companies maximize their profits.

perfect-competition-monopoly-cfa-level-1

Financial Reporting and Analysis

Here are some of the most crucial concepts from the FRA portion of the exam. Remember that this chapter will be 20% of your exam!

US GAAP vs IFRS Inventories

ifrs-gaap-cfa-level-1

Finance Lease vs Operating Lease

finance-lease-operating-lease-cfa-level-1

 Straight Line vs Accelerated Depreciation

memocard3

FCFF vs FCFE

memocard5

Corporate Finance

Degrees of leverage and how to calculate them

dol-dfl-dtl-leverage-cfa-level-1

 We strongly recommend you prepare your own flashcards for some revision right before exam time. If you would like to know I passed the CFA Level 1 exam on my first try, click here.

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