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Turn your CFA or FSA study notes into flashcards

Upload PDFs, slides, notes or photos of pages and get flashcards with spaced repetition. Start free, no credit card needed.

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

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Why build your own CFA and FSA decks

Shared Quizlet-style CFA and FSA flashcards often follow someone else's syllabus, and the wording may not match your curriculum or exam edition. DeckOwl works the other way: you upload the readings, notes or slides you are actually using, and it turns them into cards you can check and edit.

Cards from PDFs, DOCX, PPTX, plain text or photos of pages
Spaced repetition schedules reviews around the cards you miss
Quizzes with explanations to test formulas and standards
Export to Anki or CSV on Plus; the free plan studies in the browser

Example CFA Level I flashcards

Time-weighted return vs. money-weighted return: which measures manager skill independent of cash flow timing?Time-weighted return, because it removes the effect of external cash flows into and out of the portfolio.

How is expected return calculated under CAPM?Risk-free rate plus beta times the market risk premium, where the premium is market return minus risk-free rate.

A bond has a modified duration of 6 and yields rise 0.5%. What is the approximate price change?About −3%, since the approximate price change equals negative modified duration times the change in yield.

What are the three forms of the efficient market hypothesis?Weak (past prices), semi-strong (all public information) and strong (all public and private information).

Which CFA Standard covers loyalty, prudence and care toward clients?Standard III(A), because it requires acting for the benefit of clients with the care of a prudent person.

Generate the full set

Your own materials

Upload PDFs, DOCX, PPTX, plain text or photos of textbook pages and get cards built from them.

Spaced repetition

Cards return on a schedule that adjusts to what you miss, so formulas stick before exam day.

Quizzes and mind maps

Practice questions with explanations and mind maps covering topics like ethics and portfolio management.

How it works

Upload your material

Add CFA reading summaries, FSA study notes or lecture slides.

Review the cards

Edit any card that is wrong or unclear before you start studying.

Study on a schedule

Spaced repetition brings back the cards you are about to forget.

For CFA candidates, that means ethics rules, return calculations and valuation formulas come from your own curriculum notes. For FSA candidates, actuarial tables and probability notes from your own problem sets stay in the deck. Spaced repetition then schedules review so weak cards appear more often than the ones you already know.

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Frequently asked questions

How many flashcards should I make for the CFA exam?

There is no fixed number. Most candidates build cards from each study session's readings and focus on formulas, definitions and standards they keep missing. Start with one chapter and add more as you go.

How should I study CFA formulas with flashcards?

Put the formula on the back of the card with one line on when to use it, such as the CAPM expected return. Review those cards with spaced repetition, then run a short practice quiz each week to check recall in context.

Does DeckOwl include ready-made CFA or FSA decks?

No. DeckOwl generates flashcards from the material you upload, so the content follows your own syllabus and sources.

Do I need to pay to export my flashcards?

Yes. PDF, DOCX, Anki and CSV exports are part of the Plus plan at $39 a year or $7.99 a month. The free plan includes 3 generations a month and studying in the browser.

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Keep exploring the topic

Review the main ideas visually or practice recalling them.