CFA Program Level I Exam Preparation is a free program on ARPS, the Arab Platform for Professional Studies. A bilingual preparation program aligned to CFA Institute’s 2026 Level I topic outline. Ten domains and forty lessons combine worked cases, separate exercises, and original practice items. It does not administer the issuer exam or guarantee a pass.
Important notice: Independent preparation; this program neither administers the official CFA exam nor grants the CFA designation, eligibility, or a pass guarantee.
A bilingual preparation program aligned to CFA Institute’s 2026 Level I topic outline. Ten domains and forty lessons combine worked cases, separate exercises, and original practice items. It does not administer the issuer exam or guarantee a pass. Study progresses through ethics, quantitative methods, economics, financial reporting, corporate issuers, equity, fixed income, derivatives, alternatives, and portfolio management. Each lesson gives an explained method, a case with explicit facts, and practice with feedback. The 292 bilingual question groups are 292 logical questions, not 584. Ten short checks, a 20-item internal completion assessment, and a separate 20-item diagnostic mock are provided. The mock does not reproduce the full external examination.
Practical relevance
Cases are fictional and country-neutral with explicit figures, units, and reproducible answers. They are not personal investment advice.
Why this program
Concepts are tied to checkable decisions: choosing a discount rate, understanding why correlation changes portfolio risk, or respecting a liquidity deadline despite high projected return. Assumptions and limits accompany the formula.
Career relevance
Designed for candidates who need structured review of a broad syllabus and want to explain calculations and ethical decisions. It grants no professional designation or employment guarantee.
What you will learn
Apply Ethical and Professional Standards in a reasoned case, calculation, or decision.
Apply Quantitative Methods in a reasoned case, calculation, or decision.
Apply Economics in a reasoned case, calculation, or decision.
Apply Financial Statement Analysis in a reasoned case, calculation, or decision.
Apply Corporate Issuers in a reasoned case, calculation, or decision.
Apply Equity Investments in a reasoned case, calculation, or decision.
Apply Fixed Income in a reasoned case, calculation, or decision.
Apply Derivatives in a reasoned case, calculation, or decision.
Apply Alternative Investments in a reasoned case, calculation, or decision.
Apply Portfolio Management in a reasoned case, calculation, or decision.
Learning outcomes (40)
Explain and apply Ethical decision framework and duty priority with checks of assumptions and result.
Explain and apply Client and employer duties and confidentiality with checks of assumptions and result.
Explain and apply Research integrity, information, and conflicts with checks of assumptions and result.
Explain and apply Performance presentation and GIPS fundamentals with checks of assumptions and result.
Explain and apply Returns and time value of money with checks of assumptions and result.
Explain and apply Statistics, probability, and portfolio risk with checks of assumptions and result.
Explain and apply Sampling, inference, and hypothesis tests with checks of assumptions and result.
Explain and apply Regression, simulation, and data limits with checks of assumptions and result.
Explain and apply Market structure and production decisions with checks of assumptions and result.
Explain and apply Business cycles and policy transmission with checks of assumptions and result.
Explain and apply Trade, geopolitics, and capital flows with checks of assumptions and result.
Explain and apply Currency cross-rates and covered parity with checks of assumptions and result.
Explain and apply Financial statement analysis framework and sources with checks of assumptions and result.
Explain and apply Revenue, inventory, and long-lived assets with checks of assumptions and result.
Explain and apply Deferred taxes, leases, and long-term obligations with checks of assumptions and result.
Explain and apply Cash flows, ratios, and reporting quality with checks of assumptions and result.
Explain and apply Issuer governance and business model with checks of assumptions and result.
Explain and apply Cash conversion cycle and liquidity with checks of assumptions and result.
Explain and apply Capital budgeting and real options with checks of assumptions and result.
Explain and apply Capital structure and weighted cost with checks of assumptions and result.
Explain and apply Equity securities, markets, and indexes with checks of assumptions and result.
Explain and apply Industry and company analysis and forecasting with checks of assumptions and result.
Explain and apply Dividend and cash-flow equity valuation with checks of assumptions and result.
Explain and apply Valuation multiples and comparability with checks of assumptions and result.
Explain and apply Bond features, yields, and pricing with checks of assumptions and result.
Explain and apply Spot curves, duration, and convexity with checks of assumptions and result.
Explain and apply Credit, securitization, and claim priority with checks of assumptions and result.
Explain and apply Bond return, investor horizon, and curve risk with checks of assumptions and result.
Explain and apply Derivative commitments and payoffs with checks of assumptions and result.
Explain and apply Forward pricing, arbitrage, and carry with checks of assumptions and result.
Explain and apply Options, put-call parity, and binomial value with checks of assumptions and result.
Explain and apply Interest-rate swaps and hedge design with checks of assumptions and result.
Explain and apply Alternative investment structures and liquidity with checks of assumptions and result.
Explain and apply Real estate, infrastructure, and natural resources with checks of assumptions and result.
Explain and apply Private equity, private debt, and fund life with checks of assumptions and result.
Explain and apply Hedge funds, digital assets, and net return with checks of assumptions and result.
Explain and apply Portfolio risk, return, and diversification with checks of assumptions and result.
Explain and apply CAPM and market efficiency with checks of assumptions and result.
Explain and apply Investor objectives, constraints, and the IPS with checks of assumptions and result.
Explain and apply Portfolio construction, performance, and risk review with checks of assumptions and result.
Who it is for
CFA Level I candidates seeking structured review in Arabic and English.
Finance, banking and audit professionals practising accurate explanation of investment concepts and calculations.
Finance students and graduates who want a method that links each concept to a worked case and its limits.
Prerequisites
Basic algebra, percentages and financial reading; the necessary concepts are revisited at the point of application.
Ability to use a financial calculator or spreadsheet to calculate time value of money and returns.
Enrolling in this programme does not establish eligibility to sit the external exam; check requirements directly with the certification owner.
What it does not offer
Awarding the CFA designation or guaranteeing success in a CFA Institute exam.
Reproducing official examination questions or giving personal investment advice.
This unit links Ethical and Professional Standards to numerical applications and conditional decisions.
4 lessons · 3 hours
Ethical decision framework and duty priority44 min
Client and employer duties and confidentiality42 min
Research integrity, information, and conflicts42 min
Performance presentation and GIPS fundamentals44 min
Subject 2
Quantitative Methods
This unit links Quantitative Methods to numerical applications and conditional decisions.
4 lessons · 3 hours
Returns and time value of money44 min
Statistics, probability, and portfolio risk44 min
Sampling, inference, and hypothesis tests46 min
Regression, simulation, and data limits48 min
Subject 3
Economics
This unit links Economics to numerical applications and conditional decisions.
4 lessons · 3 hours
Market structure and production decisions44 min
Business cycles and policy transmission46 min
Trade, geopolitics, and capital flows44 min
Currency cross-rates and covered parity42 min
Subject 4
Financial Statement Analysis
This unit links Financial Statement Analysis to numerical applications and conditional decisions.
4 lessons · 3 hours
Financial statement analysis framework and sources48 min
Revenue, inventory, and long-lived assets48 min
Deferred taxes, leases, and long-term obligations48 min
Cash flows, ratios, and reporting quality50 min
Subject 5
Corporate Issuers
This unit links Corporate Issuers to numerical applications and conditional decisions.
4 lessons · 3 hours
Issuer governance and business model44 min
Cash conversion cycle and liquidity42 min
Capital budgeting and real options42 min
Capital structure and weighted cost42 min
Subject 6
Equity Investments
This unit links Equity Investments to numerical applications and conditional decisions.
4 lessons · 3 hours
Equity securities, markets, and indexes50 min
Industry and company analysis and forecasting44 min
Dividend and cash-flow equity valuation44 min
Valuation multiples and comparability42 min
Subject 7
Fixed Income
This unit links Fixed Income to numerical applications and conditional decisions.
4 lessons · 3 hours
Bond features, yields, and pricing48 min
Spot curves, duration, and convexity46 min
Credit, securitization, and claim priority48 min
Bond return, investor horizon, and curve risk44 min
Subject 8
Derivatives
This unit links Derivatives to numerical applications and conditional decisions.
4 lessons · 3 hours
Derivative commitments and payoffs42 min
Forward pricing, arbitrage, and carry42 min
Options, put-call parity, and binomial value42 min
Interest-rate swaps and hedge design42 min
Subject 9
Alternative Investments
This unit links Alternative Investments to numerical applications and conditional decisions.
4 lessons · 3 hours
Alternative investment structures and liquidity42 min
Real estate, infrastructure, and natural resources42 min
Private equity, private debt, and fund life42 min
Hedge funds, digital assets, and net return42 min
Subject 10
Portfolio Management
This unit links Portfolio Management to numerical applications and conditional decisions.
4 lessons · 3 hours
Portfolio risk, return, and diversification44 min
CAPM and market efficiency42 min
Investor objectives, constraints, and the IPS46 min
Portfolio construction, performance, and risk review44 min
Subjects unlock in sequence as you progress.
Strengths
Forty lessons with worked cases, including numerical cases, and exercises with feedback.
Original bilingual items with internal credential assessment separated from learning checks.
Primary-source mapping and explicit limits on the diagnostic mock.
Evidence basis
The design maps each domain to the 2026 outline and public CFA Institute pages, while distinguishing issuer facts from fictional examples.
Reference organizations
CFA Institute
Frameworks used
2026 Level I Topic Outlines — 2026
Methodology
Domains were mapped to the 2026 outline; explanations, cases, and items are original with identified primary sources.
How the route works
Professional Certification Preparation programs help learners prepare for a recognized external certification through structured knowledge, review, practice questions, and readiness assessments. Arab Platform for Professional Studies (ARPS) does not administer the certification owner's official exam.
Structured self-paced study aligned to the current external certification scope, with knowledge review, practice questions, readiness checks, and internal mock assessments.
Focused preparation for a specific external certification.
Content aligned to the current official exam scope when available.
Practice questions and internal readiness assessments.
Clear separation between Arab Platform for Professional Studies (ARPS) preparation and the official external exam.
Assessment
The route includes an internal assessment for Arab Platform for Professional Studies (ARPS) completion eligibility and separate mock/readiness assessments that are not the external official exam.
Assessment attempts: 2 per assessment, 7 days apart
The pass mark is announced before the program is published.
Certificate
The Arab Platform for Professional Studies (ARPS) credential confirms completion of the preparation program only; the target professional certification requires passing the external issuer's examination under its rules.
Disclaimer: Any Arab Platform for Professional Studies (ARPS) internal credential certifies preparation-program completion only, not a CFA credential or CFA Institute endorsement.
Program questions
Is this the official CFA exam?
No. This is independent preparation, with internal assessments only.
Does a mock score predict an official pass?
No. It identifies topics to review in this sample.
Which curriculum year is targeted?
The 2026 Level I outline consulted on 22 October 2026; later cycles require rechecking.
How is study time estimated?
It is an editorial estimate for reading, exercises, and internal assessment, not accredited external hours.
Are these issuer exam questions?
No. Cases and learning questions are original program material, not CFA Institute exam items.
Is CFA Program Level I Exam Preparation free, and do I get a certificate?
Yes. CFA Program Level I Exam Preparation is free on ARPS: every lesson, exercise and assessment is free, the first subject is open to read without an account, and the program is available in Arabic and English. Issuing a certificate is optional; it is a training completion certificate showing you passed the program's assessments, not a university degree, a professional licence or an endorsement by an external body.
What other names is CFA Program Level I Exam Preparation known by?
The subject of this program is also known as: CFA Level I prep, CFA Level 1 exam review, CFA L1 preparation. Learners usually find it by searching for: free CFA Level I prep, CFA Level 1 course online, CFA Level I practice questions, CFA topic outline review, CFA prep with completion certificate, what is CFA certification, CFA exam requirements, CFA course in Arabic.
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