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Turn your CFA study notes into flashcards you review on schedule

Upload your readings, lecture slides or photos of textbook pages. DeckOwl builds flashcards from them and schedules reviews so you revisit weak cards before the exam.

Create flashcards nowFree · No credit card required

Drop files here or browsePDF, DOCX, PPTX, text or photos of your notes · several files with Plus

Free · First set needs no signup · Creates flashcards in seconds

How a CFA flashcards app fits into exam prep

Level I candidates often have hundreds of formulas, standards and definitions across ethics, quantitative methods and fixed income. A CFA flashcards app helps by turning the pages you already study into question-and-answer cards, so you spend less time typing and more time recalling.

Generate cards from PDFs, DOCX files, PPTX slides, notes and photos of pages
Review cards on a spaced repetition schedule that adapts to your misses
Test yourself with quizzes that include explanations for every answer
Study in the browser on the free plan, with export to Anki and CSV on Plus

Example CFA Level I flashcards

What is the CAPM formula for expected return?Expected return = risk-free rate + beta × (market return − risk-free rate).

What does the Sharpe ratio measure?Excess return per unit of total risk: (portfolio return − risk-free rate) ÷ standard deviation of portfolio returns.

What does a bond's modified duration estimate?The approximate percentage change in a bond's price for a 1 percentage point change in yield.

What does CFA Institute Standard I(C) cover?Misrepresentation: members and candidates must not knowingly misrepresent investment analysis, recommendations, actions or other professional activities.

What is the constant-growth dividend discount model?V0 = D1 ÷ (r − g), where D1 is the next dividend, r is the required return, g is the constant growth rate, and r must be greater than g.

Generate the full set

Built from your own material

Upload PDFs, DOCX files, PPTX slides, plain text notes or photos of pages. Text in images is read with text recognition.

Spaced repetition scheduling

Cards you miss come back sooner and cards you know are spaced further apart, so review time goes to the topics you still need.

Quizzes and mind maps too

Switch to multiple choice, true/false or short answer quizzes with explanations, or map how Level I topics connect.

How it works

Upload your readings or notes

Add a PDF, slide deck, document, text file or photo of a page from your CFA curriculum.

Review the generated cards

Check the flashcards against your official materials, edit any that are unclear and remove the ones you do not need.

Study on a daily schedule

Work through the due cards each day in your browser. Missed cards return sooner until they stick.

The approach works best when the cards come from your own material. Upload the readings or lecture slides you are working through, then review the cards for accuracy before you rely on them. Cards built from the curriculum you are actually studying tend to match what you will see on exam day.

Spaced repetition does the rest. Cards you find difficult are shown again sooner, and cards you know are pushed further out, which keeps daily sessions short and focused.

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AI Flashcard Maker for Any Study Material

Turn PDFs, slides, notes and photos into spaced repetition flashcards. Free to start.

AI Flashcard Study App

Turn your PDFs, slides and notes into flashcards with spaced repetition.

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Alphabet flashcards from your own sheets

Build a custom alphabet flashcard set from a photo or PDF of your letter lessons.

Frequently asked questions

How many flashcards should I make for each CFA study session?

Short daily batches work better than long one-off sessions. Start with a number of new cards you can review in 20 to 30 minutes, then adjust based on how many you miss.

How should I format CFA formula flashcards?

Put the formula on the back with each variable named, and add a sentence on when to use it. The exam tests application as well as recall, so a formula alone is rarely enough.

Does the free plan include flashcard exports?

No. The free plan includes 3 generations per month and studying in the browser. PDF, DOCX, Anki and CSV export are available on the Plus plan.

Can I use my own CFA readings or textbook pages?

Yes. You can upload PDFs, DOCX files, PPTX slides, plain text or photos of pages, and the app builds flashcards from that material. Check the cards against your official curriculum before exam day.

Generate free flashcards

Keep exploring the topic

Review the main ideas visually or practice recalling them.