{"product":"CFA Level 2 Formula Reference 2026 — 219 Formulas + 276 Definitions + 80-Question Drill (PDF)","slug":"cfa-level-2-formula-reference-2026","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":16,"price_currency":"USD","price_pending":false,"price_source":"gumroad","card_count":"60 pages + 80 recall questions","format":"PDF","cover_image":"https://uniprep2go.study/covers/cfa-level-2-formula-reference-2026.webp","exam_or_focus":"2026 CFA Level 2 preparation cycle","coverage":"219 CFA Level 2 formulas and 276 definitions across Quant, Economics, Financial Reporting, Corporate Issuers, Equity Valuation, Fixed Income, Derivatives, Alternatives, Portfolio Management, and Ethics","use_case":"CFA Level 2 candidates who need fast formula retrieval under item-set exam timing — print the reference, run the recall drill, and pair with spaced-repetition review on the companion Anki deck.","study_mode":"active recall and spaced repetition","serp_answer":"CFA Level 2 Formula Reference 2026 — 219 Formulas + 276 Definitions + 80-Question Drill (PDF): 60 pages + 80 recall questions, PDF, 219 CFA Level 2 formulas and 276 definitions across Quant, Economics, Financial Reporting, Corporate Issuers, Equity Valuation, Fixed Income, Derivatives, Alternatives, Portfolio Management, and Ethics, 2026 CFA Level 2 preparation cycle.","linked_readiness_check":null,"direct_answer":"UniPrep2Go sells an independent CFA Level 2 Formula & Definitions Quick Reference PDF with 60 printable pages: 495 entries (219 typeset formulas and 276 examiner-style definitions) organized across all 10 Level 2 topic areas (concept, typeset formula, one-line meaning), an 80-question Formula Recall Drill with explained answer key, and a clickable table of contents. Built from the same validated item bank as the CFA Level 2 Anki deck. Delivered as a grayscale-friendly US Letter PDF for $16 USD through Gumroad. Recall companion — not CFA Institute curriculum or a study course.","checkout_url":"https://pixidstudio.gumroad.com/l/cfa-level-2-formula-reference-2026?wanted=true","product_page":"https://uniprep2go.study/decks/cfa-level-2-formula-reference-2026","facts_json":"https://uniprep2go.study/api/facts/cfa-level-2-formula-reference-2026","markdown":"https://uniprep2go.study/cfa-level-2-formula-reference-2026.md","topic_coverage":[{"name":"Quantitative Methods","examWeight":"67 entries","cards":"Regression, ML, time-series — typeset with one-line meanings"},{"name":"Economics","examWeight":"22 entries","cards":"Currency equilibrium and growth models"},{"name":"Financial Reporting","examWeight":"66 entries","cards":"Pensions, FX translation, intercorporate accounting"},{"name":"Corporate Issuers","examWeight":"40 entries","cards":"M&A, capital structure, ESG, bank analysis"},{"name":"Equity Valuation","examWeight":"66 entries","cards":"Residual income, FCFF/FCFE, multiples, private company"},{"name":"Fixed Income","examWeight":"62 entries","cards":"Arbitrage-free pricing, credit models, term structure"},{"name":"Derivatives","examWeight":"38 entries","cards":"BSM, binomial trees, swaps"},{"name":"Alternative Investments","examWeight":"36 entries","cards":"Commodities, REITs, hedge funds"},{"name":"Portfolio Management","examWeight":"62 entries","cards":"Multifactor models, APT, active PM"},{"name":"Ethics & Standards","examWeight":"40 entries","cards":"Application-level ethics recall"},{"name":"Formula Recall Drill","examWeight":"80 questions","cards":"See the formula, name the concept — explained answer key"}],"sample_cards":[{"question":"Cover — Level 2 formula reference at a glance","answer":"60 print-ready pages with 219 typeset formulas and 276 definitions organized across all 10 Level 2 topic areas.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-formula-reference-2026-sample-1.webp"},{"question":"Fixed Income formula table — typeset math at a glance","answer":"Each row shows concept, typeset formula, and a one-line plain-English meaning — the fastest pre-exam scan for arbitrage-free and credit-model families Level 2 repeats.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-formula-reference-2026-sample-2.webp"},{"question":"Formula Recall Drill — see the formula, name the concept","answer":"80 questions with same-topic distractors test whether you can retrieve the concept behind a displayed formula under item-set exam timing.","imageUrl":"https://uniprep2go.study/samples/cfa-level-2-formula-reference-2026-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"}