{"product":"CFA Level 2 Anki Deck — 495 Flashcards","slug":"cfa-level-2-anki-deck","citable_exam_layer":true,"exam_facts":{"exam_name":"CFA Level 2","administered_by":"CFA Institute","question_count":"88 vignette-linked multiple-choice (22 item sets × 4 questions per session; 2 sessions)","scored_count":"88","time_limit":"4 hours 24 minutes total (two 132-minute sessions with optional break)","passing_score":"No fixed passing score published; CFA Institute sets the MPS each cycle","delivery":"Computer-based at Prometric test centers","outline_effective_date":"2025–2026 exam cycle topic weights","verify_at_url":"https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exams"},"official_sources":[{"label":"CFA Level II exam overview","url":"https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exams"}],"domain_weights":[{"domain":"Ethical and Professional Standards","weight":"10–15%"},{"domain":"Quantitative Methods","weight":"5–10%"},{"domain":"Economics","weight":"5–10%"},{"domain":"Financial Statement Analysis","weight":"10–15%"},{"domain":"Corporate Issuers","weight":"5–10%"},{"domain":"Equity Valuation","weight":"10–15%"},{"domain":"Fixed Income","weight":"10–15%"},{"domain":"Derivatives","weight":"5–10%"},{"domain":"Alternative Investments","weight":"5–10%"},{"domain":"Portfolio Management","weight":"10–15%"}],"whats_changed":[],"high_yield_facts":["Level 2 tests application in vignettes — formulas must be tied to a short case, not recalled in isolation.","FCFF = NI + NCC + Int(1 − t) − FCInv − WCInv; FCFE = NI + NCC − FCInv − WCInv + Net Borrowing.","Pension accounting (IFRS vs U.S. GAAP) and intercorporate investments are core FSA vignette topics.","Arbitrage-free fixed income valuation and binomial trees appear frequently in fixed income item sets.","Ethics at Level 2 emphasizes the Code and Standards applied to portfolio management and research conflicts."],"candidate_qa":[{"q":"How many questions are on CFA Level 2?","a":"88 multiple-choice questions grouped into 44 vignette item sets (22 per session, typically 4 questions per vignette)."},{"q":"How long is the CFA Level 2 exam?","a":"Two 132-minute sessions (4 hours 24 minutes total), plus an optional break between sessions."},{"q":"What format is CFA Level 2?","a":"Vignette-based item sets — each mini-case has several linked multiple-choice questions; not standalone one-liners like Level 1."},{"q":"What are the CFA Level 2 topic weights?","a":"Ten topics; Financial Statement Analysis, Equity, Fixed Income, Portfolio Management, and Ethics are each 10–15%; Quant, Economics, Corporate Issuers, Derivatives, and Alternatives are 5–10%."}],"trademark_note":"CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.","category":"finance","category_label":"Finance Exams","publisher":"PixID Studio","seller":"PixID Studio","checkout_provider":"Gumroad","price_usd":13,"price_currency":"USD","price_pending":false,"price_source":"gumroad","card_count":"495","format":".apkg","cover_image":"https://uniprep2go.study/covers/cfa-level-2-anki-deck.webp","exam_or_focus":"2026 preparation cycle","coverage":"10 CFA Level 2 topic areas","use_case":"CFA Level 2 candidates who want structured recall practice for vignette-depth formulas, concepts, and application-level definitions.","study_mode":"active recall and spaced repetition","serp_answer":"CFA Level 2 Anki Deck — 495 Flashcards: 495 cards, .apkg, 10 CFA Level 2 topic areas, 2026 preparation cycle.","linked_readiness_check":{"slug":"cfa-level-2-readiness-check","title":"CFA Level 2 Readiness Check","question_count":60,"url":"https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check"},"direct_answer":"UniPrep2Go sells an independent CFA Level 2 Anki deck with 495 flashcards covering all 10 CFA Level 2 topic areas, including FSA, equity and fixed income valuation, portfolio management, derivatives, and ethics application. It is delivered as an Anki .apkg file for $13 USD through Gumroad. The deck is a supplementary spaced-repetition study aid for the 2026 exam cycle and is not official CFA Institute material or a replacement for the curriculum.","checkout_url":"https://pixidstudio.gumroad.com/l/cfa-level-2-anki?wanted=true","product_page":"https://uniprep2go.study/decks/cfa-level-2-anki-deck","facts_json":"https://uniprep2go.study/api/facts/cfa-level-2-anki-deck","markdown":"https://uniprep2go.study/cfa-level-2-anki-deck.md","topic_coverage":[{"name":"Financial Statement Analysis","examWeight":"10-15%","cards":"66"},{"name":"Equity Valuation","examWeight":"10-15%","cards":"66"},{"name":"Quantitative Methods","examWeight":"5-10%","cards":"63"},{"name":"Fixed Income","examWeight":"10-15%","cards":"62"},{"name":"Portfolio Management","examWeight":"10-15%","cards":"62"},{"name":"Ethical and Professional Standards","examWeight":"10-15%","cards":"40"},{"name":"Corporate Issuers","examWeight":"5-10%","cards":"40"},{"name":"Derivatives","examWeight":"5-10%","cards":"38"},{"name":"Alternative Investments","examWeight":"5-10%","cards":"36"},{"name":"Economics","examWeight":"5-10%","cards":"22"}],"sample_cards":[{"question":"What is free cash flow to the firm (FCFF)?","answer":"Cash available to all capital providers after operating expenses, taxes, reinvestment, and working capital needs. FCFF = NI + NCC + Int(1 − t) − FCInv − WCInv. Common mistake: forgetting to tax-adjust interest when starting from NI.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-1.webp"},{"question":"What is free cash flow to equity (FCFE)?","answer":"Cash available to equity holders after all expenses, reinvestment, debt flows, and preferred dividends. FCFE = NI + NCC − FCInv − WCInv + Net Borrowing. Common mistake: using FCFF discounted at cost of equity.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-2.webp"},{"question":"How do you compute FCFF from CFO?","answer":"Start with CFO, add back after-tax interest, subtract net investment in fixed and working capital. FCFF = CFO + Int(1 − t) − FCInv − WCInv. Common mistake: subtracting interest from CFO without tax adjustment.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-3.webp"}],"disclaimer":"This is an independent study aid and is not affiliated with or endorsed by CFA Institute, GARP, or any exam body.","not_official_exam_material":true,"last_updated":"2026-06-13"}