CFA Level 1 Curriculum

When you register for an exam you gain access to the curriculum materials for your exam level, including study session outlines, learning outcome statements (LOS), and source references for the readings.

Each level of the curriculum is organized into study sessions, with each study session containing a number of readings. There are learning outcome statements at the beginning of each reading.

CFA Level 1 Curriculum

What is a Learning Outcome Statement?
Learning Outcome Statements (LOS) are descriptions of specific knowledge, skills, and abilities that you should be able to apply after you complete a reading. The statements use command words such as “demonstrate,” “formulate,” or “evaluate” to indicate how much you should know about a given topic.

Curriculum Corrections
We continually update the curriculum with errata — corrections we collect, verify, and publish for your review. See the latest errata (if any) above.

CFA Level 1 Curriculum- Study Session Outlines and LOS

Below you’ll find current study session outlines, by level, which include:

• Learning outcome statements (LOS) for the readings in each study session
• Reading assignment source references

We have also provided, for each level:

• Access to the curriculum content (readings) for Study Session 1
• All study sessions combined (18 study sessions for Levels I and III, 17 study sessions for Level II)
• An index for all the study sessions combined

CFA Level 1 Curriculum