HomeCoursesCFA — Chartered Financial Analyst (Exam-Prep, Levels I-III)

📈 CFA — Chartered Financial Analyst (Exam-Prep, Levels I-III)

Free, independent CFA Program exam-preparation with a signed certificate. Learn the modules, pass the exam.

Last updated: June 2026

A free, independent, vendor-neutral preparation course covering the publicly available CFA Program Candidate Body of Knowledge across all three levels. Work through 22 plain-English modules — ethics, quant, economics, financial reporting, corporate issuers, equity, fixed income, derivatives, alternatives and portfolio management — then prove your understanding on a 45-question exam. Earn a signed AMAADOR ACADEMY certificate; the charter itself is awarded only by CFA Institute. It maps to CFA Institute Candidate Body of Knowledge (Levels I-III). The course is organized into 14 modules, ending with a final exam (pass mark 70%). It is independent, free exam-preparation training — not an official or accredited review course.

What you'll learn

  • Ethical & Professional Standards I — Code of Ethics and Standards of Professional Conduct I–III
  • Ethical & Professional Standards II — Standards IV–VII and GIPS
  • Quantitative Methods
  • Economics
  • Financial Statement Analysis I — The Three Statements
  • Financial Statement Analysis II — Inventories, Long-Lived Assets, Income Taxes, Liabilities & Ratio Analysis
  • Corporate Issuers
  • Equity Investments I — Markets, Indexes & Efficiency
  • Equity Investments II — Industry, Company Analysis & Valuation
  • Fixed Income I — Features, Issuance & Valuation
  • Fixed Income II — Yields, Risk, Securitization & Credit
  • Derivatives
  • Alternative Investments
  • Portfolio Management

Learning objectives

  • Understand what the CFA charter is, the three sequential exam levels and how each is structured and scored.
  • Master the Code of Ethics and the seven Standards of Professional Conduct — the most heavily weighted topic at every level.
  • Apply core quantitative tools: time value of money, statistics, probability distributions and hypothesis testing.
  • Read and interpret the income statement, balance sheet and cash-flow statement, and key financial-analysis ratios.
  • Value equities with dividend-discount, free-cash-flow and relative (multiples) models.
  • Price fixed-income securities and measure interest-rate risk with duration and convexity.
  • Explain forwards, futures, options and swaps, and the role of alternative investments.
  • Build and manage portfolios using risk-return, the efficient frontier, CAPM and a written Investment Policy Statement.
  • Distinguish the level-specific focus: knowledge (I), asset valuation (II), portfolio management & wealth (III).
  • Pass a 45-question exam (80% to earn your certificate).