LevelSet

Visual final-review system

LevelSet CFA Level 1 Review

A focused review system for candidates who already studied the curriculum and need sharper calibration: visual explanations, high-yield drills, and mock-exam repair.

8 modules
33 lessons
5 hr 54 min
Start the review

CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. This prototype is independent and is not endorsed by or affiliated with CFA Institute.

Diagnose
Repair
Rehearse
Part 1

Review Setup

Turn a huge curriculum into a controlled final-review system: diagnostic, schedule, formula stack, and daily reps.

  1. 21-Day LevelSet Review Plan

    Build the review map: topic blocks, mock timing, weak-area repair, and the exact role of this course.

    9:00
  2. Exam Weighting Triage

    Prioritize the topics that carry score weight and repair the weak areas that keep repeating.

    8:00
  3. Diagnostic Mock And Error Log

    Turn a mock exam into a repair dashboard instead of a confidence verdict.

    11:00
  4. Formula Triage

    Separate formulas to memorize cold from formulas to reconstruct and formulas to only recognize.

    10:00
Part 2

Ethics And Professional Standards

The standards questions are subtle. Learn the decision logic, tempting wrong answers, and final-week ethics rhythm.

  1. Ethics Decision Map

    Use a repeatable filter for questions where two answers both sound professionally reasonable.

    12:00
  2. Standards Trap Ladder

    Spot common traps in independence, misrepresentation, material nonpublic information, and priority of transactions.

    11:30
  3. Ethics Case Drills

    Practice short cases that combine duties to clients, employers, markets, and candidates.

    14:00
  4. Ethics Final-Week Loop

    Set the final-week ethics cadence so standards stay fresh without taking over the review plan.

    7:00
Part 3

Quant And Economics

Refresh the math and macro tools that appear across the exam: TVM, probability, regression, markets, FX, and policy.

  1. Time Value Money Reset

    Rebuild present value, future value, annuities, uneven cash flows, and calculator setup as one system.

    11:00
  2. Probability And Statistics Map

    Connect expected value, variance, normal distributions, confidence intervals, and sampling logic.

    13:00
  3. Hypothesis And Regression Reading

    Read test statistics, p-values, regression output, and model limitations without getting lost in tables.

    12:00
  4. Micro, Macro, And FX Map

    Review supply-demand moves, business cycles, inflation, currency relationships, and trade effects.

    13:00
  5. Monetary And Fiscal Policy

    Compare policy tools, transmission channels, inflation effects, and constraints.

    9:00
Part 4

Financial Statement Analysis

The accounting core: linked statements, inventory, long-lived assets, deferred taxes, cash flows, and ratio effects.

  1. Three-Statement Linkage

    See how transactions move through income statement, balance sheet, and cash flow statement.

    12:00
  2. FIFO vs LIFO Under Inflation

    Watch inventory layers move through COGS, ending inventory, gross margin, taxes, cash flow, and ratios.

    13:00
  3. Long-Lived Assets And Impairment

    Review capitalization, depreciation, revaluation, impairment, and ratio consequences.

    11:00
  4. Deferred Tax Loop

    Use book/tax timelines to classify temporary differences, DTA/DTL movement, and valuation allowance logic.

    12:00
  5. Cash Flow Reclassification

    Sort operating, investing, and financing flows and connect direct vs indirect method presentation.

    12:00
Part 5

Corporate Issuers And Equity

Capital budgeting, leverage, working capital, market structure, and valuation method selection.

  1. Capital Budgeting And NPV

    Review NPV, IRR, payback, mutually exclusive projects, and cash-flow decision traps.

    12:00
  2. Working Capital And Leverage

    Connect liquidity, operating cycle, financial leverage, business risk, and ratio interpretation.

    10:00
  3. Markets And Efficiency

    Review market orders, limit orders, bid-ask spread, indexes, and market efficiency forms.

    9:00
  4. Equity Valuation Grid

    Choose between DDM, free cash flow, multiples, and residual income from prompt clues.

    13:00
Part 6

Fixed Income, Derivatives, And Alternatives

The payoff and risk section: bond pricing, duration, credit risk, derivatives, and alternative investments.

  1. Duration And Convexity

    See bond price sensitivity as a curve, not just a formula stack.

    13:00
  2. Credit Risk And Bond Structure

    Review spreads, seniority, covenants, embedded options, and yield measures.

    11:00
  3. Derivatives Payoff Map

    Map forwards, futures, options, swaps, and payoff diagrams to the underlying risk transfer.

    12:00
  4. Alternative Investments Map

    Compare real estate, private equity, hedge funds, commodities, infrastructure, and diversification roles.

    9:00
Part 7

Portfolio Management

Risk, return, diversification, beta, CAPM, portfolio planning, and investor constraints.

  1. Portfolio Risk Map

    Connect variance, covariance, correlation, diversification, and portfolio risk.

    12:00
  2. CAPM And Beta

    Review systematic risk, beta, expected return, security market line, and alpha interpretation.

    11:00
  3. Portfolio Planning And Constraints

    Review objectives, risk tolerance, return needs, liquidity, time horizon, tax, legal, and unique constraints.

    10:00
Part 8

Final Review And Exam Execution

Mixed sets, mock repair, last-72-hour planning, timing, and exam-day execution.

  1. Mixed-Set Repair

    Use mixed question sets to prove that repaired concepts survive exam context.

    9:00
  2. Exam-Day Timing

    Build a timing strategy for first pass, flags, guesses, review, and mental reset.

    8:00
  3. The Last 72 Hours

    Prioritize ethics, formulas, error log, one timed mixed set, sleep, and logistics.

    8:00
  4. Full Review Checklist

    A final readiness checklist for topics, formulas, ethics, mocks, and exam-day process.

    7:00