# CFA Level 2 Anki Deck — 495 Flashcards

> 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.

## Product facts

- Publisher: PixID Studio
- Checkout provider: Gumroad
- Category: Finance Exams
- Price: $13 USD
- Cards: 495
- Format: .apkg
- Focus: 2026 preparation cycle
- Coverage: 10 CFA Level 2 topic areas
- Audience: CFA Level 2 candidates who want structured recall practice for vignette-depth formulas, concepts, and application-level definitions.
- Checkout: 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

## Topic coverage

| Topic | Exam weight | Cards |
| --- | --- | ---: |
| Financial Statement Analysis | 10-15% | 66 |
| Equity Valuation | 10-15% | 66 |
| Quantitative Methods | 5-10% | 63 |
| Fixed Income | 10-15% | 62 |
| Portfolio Management | 10-15% | 62 |
| Ethical and Professional Standards | 10-15% | 40 |
| Corporate Issuers | 5-10% | 40 |
| Derivatives | 5-10% | 38 |
| Alternative Investments | 5-10% | 36 |
| Economics | 5-10% | 22 |
## Sample cards

### What is free cash flow to the firm (FCFF)?

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.

Image: https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-1.webp

### What is free cash flow to equity (FCFE)?

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.

Image: https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-2.webp

### How do you compute FCFF from CFO?

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.

Image: https://uniprep2go.study/samples/cfa-level-2-anki-deck-sample-3.webp
## FAQ

### What is included in the CFA Level 2 Anki deck?

The product includes 495 Anki flashcards covering CFA Level 2 concepts, formulas, vignette logic, and application-level definitions across all 10 topic areas.

### How is this different from the Level 1 deck?

Level 2 is vignette-depth: FSA intercorporate issues, pension accounting, arbitrage-free fixed income, FCF and residual income valuation, active PM, and ethics application. It is not a copy of the L1 deck.

### Is this official CFA Institute material?

No. This is an independent study aid and is not endorsed, promoted, or warranted by CFA Institute.

### How do I import the deck into Anki?

Download the .apkg file from your Gumroad receipt, open the desktop Anki app, choose File then Import, select the .apkg file, and the deck appears in your deck list ready for study.

### Does the deck pair with a formula reference?

Yes. The 60-page CFA Level 2 Formula Reference PDF shares the same validated item bank — use it for printable tables and the 80-question recall drill; use this deck for daily spaced repetition.

### Does the deck work on AnkiDroid and AnkiMobile?

Yes. Import the .apkg file on Anki desktop and sync through AnkiWeb, or import the file directly in AnkiDroid (Android) and AnkiMobile (iOS).

## Disclaimer

This is an independent study aid and is not affiliated with or endorsed by CFA Institute, GARP, or any exam body.