A comprehensive CFA exam prep course that provides guided streamlined, straight to the point CFA curriculum content coverage with engaging, motivating video instruction through active learning exercises and demonstrations.

This course cracks the CFA Level 1 exam code by:

  • Leveraging Prof. Gordon's 20+ years of CFA exam prep experience and insights that go way beyond simple content coverage, giving you an edge over other candidates.

  • Removing the guess work of how to study and what you really MUST study, we've done the hard work, all you have to do is follow along.

  • Eliminating the usual CFA study traps and roadblocks that lead to frustration, so you can confidently progress and actually enjoy what you are doing.

  • Building your core knowledge base quickly allowing you to focus your time on the higher payoff learning activities developed by Prof. Gordon.

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I stumbled across your site in a fit of study frustration. I found your approach to be exactly what I wanted, direct, no crap, tell me how you think it's go...

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I stumbled across your site in a fit of study frustration. I found your approach to be exactly what I wanted, direct, no crap, tell me how you think it's going to be tested. Honestly, I wish I found you before I purchased my package from another provider. I've set that aside and am only using your materials. Keep publishing great stuff!!

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If it weren’t for you, I don’t think I could have ever cleared this exam (within this decade). Thank you Exam Success! I’m even thanking the guy who told me ...

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If it weren’t for you, I don’t think I could have ever cleared this exam (within this decade). Thank you Exam Success! I’m even thanking the guy who told me about you. You have no idea. Cheers!

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Student Support

Have a doubt, not sure how a solution was derived or just have a quick query that needs addressing? This exclusive feature allows students to get help directly from the Prof. "It's like raising your hand in class!"

Success Guarantee

Have peace of mind knowing if you do not pass your exam, for any reason and without any milestones, you can access the materials again at no cost for another exam attempt that falls within 1 year of your original exam date.

Meet the Prof.

Director of Learning

Brian Gordon

Prof. Gordon has 20+ years of financial industry exam prep experience.

Prior to entering academia, Prof. Gordon developed his expertise in the discount brokerage, full service brokerage and banking industries, specializing in investment management, business development, strategic sales and marketing, and wealth management training.

Education / Credentials:
Certified Financial Planner (CFP) 2005
Chartered Financial Analyst (CFA) 1999
Master of Business Administration (MBA) 1998
Chartered Investment Manager (CIM) 1995
B.A. Economics (B.A. Econ) 1992

CFA Level 1 Study Program Outline

Each learning module has summary notes, practice questions, lesson videos and the Prof's exclusive exam tips and strategies.

Expand the sections below for specific details.

  • 2

    Course Welcome

    • Prof. Gordon's Welcome Message

  • 3

    Quantitative Methods

    • Study Notes - QM Part 1 Updated

    • Study Notes - QM Part 2

    • Quantitative Methods Introduction

    • TVM Introduction

    • Calculator Tutorial

    • Time Value of Money Lesson

    • Effective Rate

    • Organizing, Visualizing and Describing Data Introduction

    • Frequency Distribution Lesson

    • Measures of Central Tendency Lesson

    • Quantiles, Quintiles, Deciles and Percentiles Lesson

    • Measures of Dispersion Lesson

    • Correlation Lesson

    • Kurtosis

    • SemiVariance

    • AM vs GM vs HM

    • Probability Concepts Lesson

    • Probability Bayes Formula

    • Probability Concepts Introduction

    • ER COV and SD Calculations

    • Portfolio Standard Deviation

    • Common Probability Distributions Introduction

    • Common Probability Concepts Lesson

    • Normal and Skewed Distributions

    • Univariate Multivariate

    • Cumulative Distribution Function Example

    • Sampling and Estimation Introduction

    • Sampling and Estimation Lesson

    • Confidence Intervals

    • Hypothesis Testing Introduction

    • Hypothesis Testing Lesson

    • Hypothesis Test Statistics

    • Hypothesis Tests

    • Mean Difference t test

    • Correlation t test

    • Chi Squared

    • F Test

    • Introduction to Linear Regression Introduction

    • Introduction to Linear Regression Lesson Part 1

    • Regression Learning Exercise Intro

    • Regression Learning Exercise

    • Practice Questions Intro

    • QM Quiz 1

    • QM Quiz 2

  • 4

    Economics

    • Study Notes - ECO Part 1

    • Study Notes - ECO Part 2

    • Introduction to Geopolitics

    • Eco Intro

    • Topics in Demand and Supply Intro

    • Topics in Demand and Supply Analysis Lesson

    • Consumer and Producer Surplus

    • Elasticity

    • Cross Price Elasticity Calculation

    • Income Elasticity Calculation

    • Membership Fee Example

    • The Firm and Market Structures Intro

    • The Firm and Market Structures Lesson

    • Price Elasticity

    • Perfect Competion

    • Profit Maximizing Output

    • LR EQBM Perfect Comp vs Monopolistic Comp

    • Nash Equilibrium

    • HHI Concentration Ratio

    • Aggregate Output, Prices and Economic Growth Intro

    • Aggregate Output, Prices and Economic Growth Lesson

    • Savings and Investments Fundamental Relationship

    • Output Gap

    • Understanding Business Cycles Intro

    • Understanding Business Cycles Lesson

    • Monetary and Fiscal Policy Intro

    • Monetary and Fiscal Policy Lesson

    • Government and Tax Multipliers

    • International Trade and Capital Flows Intro

    • International Trade and Capital Flows Lesson

    • Tariffs

    • Currency Exchange Rates Intro

    • Currency Exchange Rates Lesson

    • Forward Points

    • Interest Rate Parity

    • Practice Questions Intro

    • Economics Quiz 1

    • Economics Quiz 2

  • 5

    Financial Statement Analysis

    • Study Notes - FSA Part 1

    • Study Notes - FSA Part 2

    • Accounting Intro

    • Financial Reporting and Analysis Intro

    • Financial Statements Intro

    • Introduction to Financial Statement Analysis Lesson

    • Financial Reporting Standards Intro

    • Financial Statement Analysis and Financial Reporting Standards Lesson

    • Comment on Preliminary Reading

    • Preliminary Reading

    • Preliminary Reading - Financial Reporting Mechanics Lesson

    • Accrual Adjustments

    • Understanding the Income Statement Intro

    • Understanding Income Statements Lesson - Part 1

    • Converged Accounting Standards for Revenue Recognition

    • Weighted Average Shares Outstanding

    • Understanding Income Statements Lesson - Part 2

    • Diluted EPS

    • Treasury Stock Method

    • Understanding the Balance Sheet Intro

    • Understanding the Cash Flow Statement Intro

    • Understanding Balance Sheets and Cash Flow Statements Lesson

    • CFO Direct Method

    • CFO Indirect Method

    • Financial Analysis Techniques Intro

    • Financial Analysis Techniques Lesson

    • ROE 3 Stage

    • ROE 5 Stage

    • Accounting for Inventory Intro

    • Accounting for Inventory Lesson

    • LIFO Perpetual

    • LIFO Periodic

    • LIFO Periodic Example Video

    • FIFO Periodic Example Video

    • COGS Formula - Periodic

    • Convert LIFO to FIFO Inventory

    • LIFO to FIFO Adjustment - Calculation Example

    • Long Lived Assets Intro

    • Long-lived Assets Lesson

    • Applications of Financial Statement Analysis Intro

    • Capitalizing vs Expensing

    • Fixed Asset Impairment

    • Accounting for Write-downs and Write-ups

    • Deferred Income Taxes Intro

    • Deferred Income Taxes Lesson

    • Deferred Taxes Basic Examples

    • Deferred Taxes Income Statement

    • Non-current (Long-term) Liabilities Intro

    • Non-current (Long-term) Liabilities Lesson

    • Accounting for Bonds

    • Financial Reporting Quality Intro

    • Financial Reporting Quality Lesson

    • Applications of Financial Statement Analysis Intro

    • Applications of Financial Statement Analysis Lesson

    • Lease Adjustments on the Balance Sheet

    • Lease Adjustments on the Income Statement

    • Practice Questions Intro

    • FRA Quiz 1

    • FRA Quiz 2

  • 6

    Corporate Issuers

    • Corporate Governance Intro

    • Corporate Governance Lesson

    • NPV and IRR

    • Multiple IRR

    • Crossover Rate

    • Cash Conversion Cycle

    • TBills

    • Cost of Trade Discount

    • Unlevering Beta

    • Weighted Average Cost of Capital

    • M&M Theory of Capital Structure

    • M&M Theory

    • Measures of Leverage Intro

    • Measures of Leverage Lesson

    • DOL, DFL & Breakeven

    • Practice Questions Intro

    • Corporate Finance Quiz 1

    • Corporate Finance Quiz 2

  • 7

    Equity Investments

    • Study Notes - EQ Part 1

    • Study Notes - EQ Part 2

    • Equity Investments Intro

    • Market Organization and Structure Intro

    • Market Organization and Structure Lesson

    • Stop Buy Order

    • Stop Loss Order

    • Short Sale

    • Margin Transaction Rate of Return

    • Security Market Indexes Intro

    • Security Market Indexes Lesson

    • Index Calculations

    • Market Efficiency Intro

    • Market Efficiency Lesson

    • Overview of Equity Securities Intro

    • Overview of Equity Securities Lesson

    • Investing in Non-domestic Equity Securities

    • Accounting ROE Example

    • Industry and Company Analysis Intro

    • Industry and Company Analysis Lesson

    • Equity Valuation: Concepts and Basic Tools Intro

    • Equity Valuation Lesson

    • DDM 2 Stage Calculation

    • Practice Questions Intro

    • Equity Quiz 1

    • Equity Quiz 2

  • 8

    Fixed Income

    • Study Notes - FI Part 1

    • Study Notes - FI Part 2

    • Fixed Income Introduction

    • Fixed Income Defining Elements Intro

    • Fixed-Income Securities: Defining Elements Lesson

    • Fixed Income Markets Trading Issuance Intro

    • Fixed-Income Markets: Issuance, Trading, and Funding Lesson

    • Fixed Income Valuation Intro

    • Fixed Income Valuation Lesson Part 1

    • Fixed Income Valuation Lesson Part 2

    • Floating Rate Notes

    • G Spread and I Spread

    • Z Spread and OAS

    • TBills

    • Spot Rates and Forward Rates Basics

    • Spot Rates and Forward Rates Calculation

    • Asset-Backed Securities Intro

    • Asset Backed Securities Lesson

    • MBS Prepayment Risk

    • CMO Structure

    • Level 1 Fixed Income Part 2

    • Understanding Fixed-Income Risk and Return Intro

    • Understanding Fixed Income Risk and Return Lesson

    • Factors Affecting Duration

    • Duration

    • Duration Calculation

      FREE PREVIEW
    • Duration and Convexity

    • Portfolio Duration Calculation

    • Callable and Putable Bonds

    • Duration Gap

    • Credit Analysis Intro

    • Fundamentals of Credit Analysis Lesson

    • Practice Questions Intro

    • Fixed Income Quiz 1

    • Fixed Income Quiz 2

  • 9

    Derivatives

    • Study Notes - Derivatives

    • Interest Rate Forward Example from Page 16

    • Option Payoffs at Expiration

    • Call Option Diagram

    • Put Option Diagram

    • Forward Contract Price

    • Forward Contract Monetary and Non monetary Benefits and Costs

    • FRA Basics

      FREE PREVIEW
    • Interest Rate Swap Basics

    • Protective Put

    • Put Call Parity

    • Binomial Option Model Basics

    • Practice Questions Intro

    • Derivatives Quiz 1

    • Derivatives Quiz 2

  • 10

    Alternative Investments

    • Hedge Fund Fee Calculation

    • Contango and Backwardation

    • Practice Questions Intro

    • Alternative Investments Quiz 1

    • Alternative Investments Quiz 2

  • 11

    Portfolio Management

    • Study Notes - PM Modules

    • Study Notes - Behavioral Finance

    • Portfolio Management introduction

    • Portfolio Management: An Overview Intro

    • Portfolio Management: An Overview Lesson

    • Risk and Return Part I Intro

      FREE PREVIEW
    • Risk and Return Part I Lesson

    • Modern Portfolio Theory

    • Efficient Frontier

    • Correlation

    • Portfolio Standard Deviation

    • Expected Return, Covariance and Standard Deviation Calculations

    • Risk and Return Part II Intro

    • Risk and Return Part II Lesson

    • M Squared

    • Risk Adjusted Performance

    • The Market Model

    • Security Market Line (CAPM)

    • Capital Allocation Line

    • Basics of Portfolio Planning and Construction Intro

    • Basics of Portfolio Planning and Construction Lesson

    • Introduction to Risk Management Intro

    • Introduction to Risk Management Lesson

    • Technical Analysis Intro

    • Technical Analysis Lesson

    • Fintech in Investment Management Intro

    • Fintech in Investment Management Lesson

    • Practice Questions Intro

    • Portfolio Management Quiz 1

    • Portfolio Management Quiz 2

  • 12

    Ethical and Professional Standards

    • Ethics Summary

    • Ethics Question Analysis Intro

    • Ethics Question Analysis 1

    • Ethics Question Analysis 2

    • Ethics Question Analysis 3

    • Ethics Question Analysis 4

    • Ethics Question Analysis 5

    • Ethics Question Analysis 6

    • Practice Questions Introduction

    • Ethics Quiz 1

    • Ethics Quiz 2

  • 13

    Final Review Introduction

    • Final Review Intro

    • Quiz Take Up Instructions

  • 14

    Final Review - Test Mode

    • Mini Mock 1 - Economics - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 2 - Corporate Finance - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 3 - Portfolio Management - You Have 45 Minutes To Complete This 30 Question Quiz

    • Mini Mock 4 - Financial Reporting and Analysis - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 5 - Quantitative Methods - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 6 - Fixed Income - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 7 - Derivatives - You Have 45 Minutes To Complete This 30 Question Quiz

    • Mini Mock 8 - Equity Investments - You Have 60 Minutes To Complete This 40 Question Quiz

    • Mini Mock 9 - Alternative Investments - You Have 37.5 Minutes To Complete This 25 Question Quiz

  • 15

    Final Review - Review Mode

    • Questions and Solutions Intro

    • Mini Mock 1 - Economics - Questions and Solutions

    • Mini Mock 2 - Corporate Finance - Questions and Solutions

    • Mini Mock 3 - Portfolio Management - Questions and Solutions

    • Mini Mock 4 - Financial Reporting and Analysis - Questions and Solutions

    • Mini Mock 5 - Quantitative Methods - Questions and Solutions

    • Mini Mock 6 - Fixed Income - Questions and Solutions

    • Mini Mock 7 - Derivatives - Questions and Solutions

    • Mini Mock 8 - Equity Investments - Questions and Solutions

    • Mini Mock 9 - Alternative Investments - Questions and Solutions

Teaching what you need to know to pass!