Level II Topic Outlines
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The curriculum is organized into topics, and each topic contains learning modules. There are learning outcome statements at the beginning of each learning module.
Below you'll find current outlines by level. Each outline includes learning outcome statements (LOS) and source references for the readings.
2023 Level II Exam Topic Outlines
| Topic | Exam Weight | ||
|---|---|---|---|
| Quantitative Methods |
5–10% | ||
| Economics |
5–10% | ||
| Financial Reporting and Analysis |
10–15% | ||
| Corporate Issuers |
5–10% | ||
| Equity Valuation |
10–15% | ||
| Fixed Income |
10–15% | ||
| Derivatives |
5–10% | ||
| Alternative Investments |
5–10% | ||
| Portfolio Management |
10–15% | ||
| Ethical and Professional Standards |
10–15% |
2022 Level II Exam Topics and Study Session Outlines
| Topic | Exam Weight | Sessions | |
|---|---|---|---|
| Quantitative Methods | 5–10% |
|
|
| Economics | 5–10% | Study Session 3 |
|
| Financial Reporting and Analysis | 10–15% | Study Session 4 Study Session 5 |
|
| Corporate Issuers |
5–10% | Study Session 6 Study Session 7 |
|
| Equity Valuation | 10–15% | Study Session 8 Study Session 9 Study Session 10 |
|
| Fixed Income | 10–15% | Study Session 11 Study Session 12 |
|
| Derivatives | 5–10% | Study Session 13 |
|
| Alternative Investments |
5–10% | Study Session 14 |
|
| Portfolio Management | 10–15% | Study Session 15 Study Session 16 |
|
| Ethical and Professional Standards | 10–15% | Study Session 17 Readings 45-47 |