Study guide
CFA Level II study guide
Read a lesson, then practice the ideas you want to remember.
Lessons
- Commodities and Commodity Derivatives: Secto
- Hedge Fund Strategies: Classification, Imple
- Real Estate Investment Features, Due Diligen
- Private Real Estate Investments: Direct Capi
- Public Real Estate Investments: REIT Structu
- Corporate Governance, Board Oversight & ESG
- Cost of Capital: Advanced Topics — Free CFA Level 2 Guide 2026
- Analysis of Dividends: Policy Theories, Sign
- Corporate Restructuring: Types, Motivations,
- Restructuring Financial Effects: EPS, Net De
- Share Repurchases: Methods, EPS and Book Val
- The Black-Scholes-Merton Model, Option Greek
- Contingent Claims: Binomial Option Pricing M
- Pricing and Valuation of Forward Commitments
- Interest Rate Options, Swaptions & the Black
- Swap Pricing and Valuation: Interest Rate, C
- Economic Growth Theories & Production Functi
- Forward Points, the Carry Trade & Policy Eff
- Foreign Exchange Parity Relations & Equilibr
- Growth Determinants: Natural Resources, Demo
- Discounted Dividend Valuation: Gordon Growth
- Equity Valuation Framework & Required Rate o
- Free Cash Flow Valuation: FCFF and FCFE Mode
- Market-Based Valuation: Price and Enterprise
- Choosing and Combining Models: Definitions o
- Private Company Valuation: Income, Market &
- Residual Income Valuation — Free CFA Level 2 Guide 2026
- Application of the Code and Standards: Level
- Code of Ethics & The Seven Standards of Prof
- Recommended Procedures: Compliance Programs,
- Duties to Clients & Duties to Employers
- Standard V: Investment Analysis, Recommendat
- Vignette Analysis: Conflicts of Interest & D
- Evaluating the Quality of Financial Reports
- Employee Compensation: Defined Benefit Pensi
- Analysis of Financial Institutions & The CAM
- Integration of Financial Statement Analysis
- Intercorporate Investments: Equity Method &
- Multinational Operations: Current Rate vs Te
- The Arbitrage-Free Valuation Framework & Bin
- Credit Analysis Models: Structural vs Reduce
- Credit Default Swaps: Mechanics, Pricing & T
- Valuation and Analysis of Bonds with Embedde
- The Term Structure and Interest Rate Dynamic
- Managing Yield-Curve Risk: Key Rate Duration
- 2026 Curriculum Structure & 10 Topic Weight
- CFA Level II Exam Overview & Item-Set Vignet
- 300-Hour Study Plan, Calculator Mastery & Pr
- Analysis of Active Portfolio Management & Th
- Economics & Investment Markets: Business Cyc
- Backtesting and Simulation: Procedures, Metr
- Exchange-Traded Funds: Creation, Arbitrage,
- Measuring and Managing Market Risk: VaR, CVa
- Using Multifactor Models: Macroeconomic, Fun
- Big Data Projects: Wrangling, Exploration, F
- Extensions of Multiple Regression: Influence
- Machine Learning, Deep Learning & Big Data P
- Multiple Linear Regression, ANOVA & Hypothes
- Regression Diagnostics: Multicollinearity, H
- Time-Series Analysis: AR Models, Nonstationa