CFA resources
Investment analysis, valuation and portfolio management
- Templates
Operating-ratio definition log
Download a worksheet for flow bases, averages, proxies and interpretation.
- Templates
Retake review and triage worksheet
Download a structured record for evidence, corrections and fresh tasks.
- Templates
Exclusion-screen review worksheet
Download an editable CSV for thresholds, missing values and screening decisions.
- Templates
Weekly study-block worksheet
Download an editable plan that records tasks, outputs and actual time.
- Templates
Finance work-sample outline
Download an editable outline for a question, inputs, method and limitations.
- Tools
Equal-payment annuity value calculator
Compare end-period and beginning-period payment patterns at defined dates.
- Tools
Bayes probability update calculator
Combine a prior with evidence probabilities under an event and its complement.
- Tools
Bond price calculator
Price a regular fixed-rate bond and inspect its cash-flow sensitivity.
- Tools
Duration and convexity calculator
Compare duration estimates with the exact repricing of a regular bond.
- Tools
Cash conversion cycle calculator
Compute inventory, receivable and payable days with explicit period flows.
- Tools
DuPont analysis calculator
Reconcile three and five factors with direct return on equity.
- Tools
Expected credit loss calculator
Explore the simple PD × LGD × EAD loss model.
- Tools
Effective annual rate calculator
Convert a nominal annual quotation and inspect its periodic rate.
- Tools
Economic order quantity calculator
Inspect the deterministic ordering and holding cost trade-off.
- Tools
Liquidity ratios calculator
Calculate current, quick and cash ratios from explicit current-asset components.
- Tools
Net present value calculator
Discount an initial payment and equally spaced future cash flows.
- Tools
Odds and probability calculator
Convert odds for a risk event into event and complement probabilities.
- Tools
Scenario expected return and risk calculator
Calculate expected return, variance and standard deviation from explicit scenario probabilities.
- Tools
Single-sum present and future value calculator
Move one amount backward or forward over a stated count of equal periods.
- Tools
Study-hours planner
Calculate an average weekly and daily workload from your own study target.
- Tools
Tracking error calculator
Calculate sample tracking error from paired portfolio and benchmark returns.
- Tools
Trade-credit discount cost calculator
Compare an invoice discount, two annualization conventions and a stated funding model.
- Worked examples
Pricing a three-year annual-coupon bond payment by payment
Work through every discounted coupon and principal payment.
- Worked examples
Decomposing an uneven stream into an annuity and an extra payment
Check cash-flow additivity using two representations of the same dated stream.
- Worked examples
Calculating a collaborative engagement group’s aggregate stake
Add holdings with a matching denominator and test a stated participation condition.
- Worked examples
Building and reconciling a common-size balance sheet
Divide each selected amount by the same asset base without counting subtotals twice.
- Worked examples
Updating a control-weakness probability after an exception flag
Calculate both flag branches before interpreting the posterior.
- Worked examples
Converting covariance into correlation with consistent units
Normalize a covariance of −18 using standard deviations of 6% and 5%.
- Worked examples
Why paying current debt can raise the current ratio and lower the cash ratio
Trace both numerator and denominator changes in a stated cash repayment.
- Worked examples
Calculating a cash cycle with separate flow bases
Reconstruct each days measure before combining the result.
- Worked examples
How the debt definition changes a leverage ratio
Compare interest-bearing debt with total liabilities using the same equity base.
- Worked examples
Funding the discounted invoice amount
Compare cash costs over the actual gap between payment dates under a stated simple-rate model.
- Worked examples
Reconciling all five DuPont factors
Use the full precision of each factor and check the product against direct ROE.
- Worked examples
Estimating a price change with duration and convexity
Follow the signs, decimal yield change and squared curvature term.
- Worked examples
Expected credit loss from a two-outcome table
Derive PD × LGD × EAD from explicit default and non-default outcomes.
- Worked examples
An engagement free-rider incentive: a simple payoff example
Compare an investor’s share of a common benefit with the cost it bears alone.
- Worked examples
Calculating an engagement outcome rate with a clear denominator
Calculate resolved, escalated and ongoing shares without conflating them.
- Worked examples
Checking nearby order quantities around EOQ
Compare the objective value rather than assuming a rounded quantity is automatically optimal.
- Worked examples
A finite annuity compared with the perpetuity limit
Compare a bounded payment stream with an infinite stream under the same positive rate.
- Worked examples
A level-payment amortization model
Derive a payment from an annuity factor and separate interest from principal.