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Turn your CFA Level 1 notes into flashcards with AI

Upload the readings, slides or photographed notes from your CFA Level 1 prep and get a flashcard deck built from that exact material, ready for spaced repetition.

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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

Why build your own CFA Level 1 flashcards

Ready-made decks rarely match the readings your own CFA Level 1 course or prep provider assigns, so the cards end up covering the wrong material. Upload your own PDFs, slides or photographed notes and DeckOwl builds CFA Level 1 flashcards from exactly what you are studying, then schedules reviews so the hard cards come back sooner.

Cards drawn from the readings your course actually assigns
Spaced repetition that schedules reviews around what you miss
Multiple choice, true/false and short answer quizzes with explanations
Export to Anki or CSV on the Plus plan to keep studying on other devices

Example CFA Level 1 flashcards

Under Standard I(C) of the CFA Institute Code of Ethics and Standards of Professional Conduct, what is misrepresentation?Knowingly making false statements or omitting facts about investment analysis, recommendations, or actions. Members must not misrepresent their work or credentials.

Which return measure best reflects a portfolio manager's skill when external cash flows occur?Time-weighted return. It removes the effect of the timing and size of client contributions and withdrawals, so it isolates manager performance.

What does modified duration estimate for a bond?The approximate percentage change in price for a 1 percentage point change in yield. It measures the bond's sensitivity to interest rate changes.

How is correlation calculated from covariance?Correlation equals covariance divided by the product of the two standard deviations. The result is scaled to fall between -1 and +1.

What is free cash flow to the firm (FCFF)?Cash flow available to all capital providers after operating expenses, taxes, and reinvestment in working capital and fixed capital.

Generate the full set

Built from your own material

Upload PDFs, PPTX slides, DOCX files, plain notes or photos of pages and get cards drawn from what you are studying.

Spaced repetition scheduling

Cards you miss come back sooner and cards you know fade into longer intervals, so review time goes where you need it.

Quizzes from the same notes

Check whether a card has stuck with multiple choice, true/false or short answer questions that include explanations.

How it works

Upload your readings

Add a PDF, slide deck, Word file, text notes or a photo of a page from your CFA Level 1 materials.

Generate your flashcards

DeckOwl reads the text and turns key terms, formulas and standards into question and answer cards.

Review on a schedule

Rate each card as you study and let spaced repetition decide when it shows up again.

The exam covers ten topic areas, from ethics and quantitative methods through equity, fixed income, derivatives and portfolio management. Splitting your deck by topic lets you spend more time on weak areas instead of re-reading what you already know. Quizzes built from the same notes can confirm whether a card has actually stuck.

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Frequently asked questions

How many flashcards should I make for CFA Level 1?

Start with one card per formula, definition and ethics standard in each topic, then trim anything you already answer without thinking. Keep each card short so a review takes seconds, and add new cards as you finish each reading.

Is spaced repetition useful for CFA Level 1 study?

Spaced repetition shows each card again just before you would likely forget it, which suits the large number of formulas and definitions you review over months. Rate each card honestly so the schedule adjusts to what you actually know.

Can I export my CFA Level 1 flashcards?

Yes, but exports are part of the paid Plus plan, which includes PDF, DOCX, Anki and CSV export. The free plan lets you study in the browser, and students get 40% off with a school email.

How many generations do I get for free?

The free plan includes 3 generations per month, and no credit card is needed to start. Plus, at $39/year or $7.99/month, gives unlimited generations.

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