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Turn your CFA Level 1 formula sheets into flashcards

Upload your curriculum PDFs, slides or handwritten notes and get formula flashcards you can review 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

Free account · 3 sets a month · Creates flashcards in seconds

Why build your own CFA Level 1 formula flashcards

Level 1 candidates often juggle time value of money, ratios and portfolio statistics in the same month, and CFA Level 1 formulas start to blur together. A generic deck rarely matches the notation and inputs used in your own readings.

Upload the readings you are studying so each card reflects your curriculum.
Write cards for formulas you keep mixing up, such as EAR and nominal rate.
Add a worked number to each back so you can check the result, not just recall the symbols.
Review in short daily sessions rather than one long cram before exam day.

Example CFA Level 1 formula flashcards

Future value of a single cash flowFV = PV × (1 + r)^N, where r is the rate per period and N is the number of periods

Holding period return with no interim cash flowsHPR = (P1 − P0 + D1) ÷ P0, where P0 is beginning price, P1 is ending price and D1 is income received

Sharpe ratio(Rp − Rf) ÷ σp, the portfolio's excess return over the risk-free rate per unit of total risk

Effective annual rate from a periodic rateEAR = (1 + periodic rate)^m − 1, where m is the number of compounding periods per year

Bond price change from a yield changePercentage price change ≈ −modified duration × change in yield

Generate the full set

Cards from your own material

Upload PDFs, DOCX or PPTX files, plain notes, or photos of pages. Each formula comes from the readings you are actually studying.

Spaced repetition

Formulas you miss return sooner, and the ones you know fade to later reviews, so your time goes to the hard ones.

Study in the browser

The free plan includes 3 generations per month and browser study. Plus adds PDF, DOCX, Anki and CSV export.

How it works

Upload your notes

Add a curriculum PDF, a slide deck, typed notes or a photo of a formula sheet.

Review the flashcards

Check the generated fronts and backs, and edit anything that does not match your course materials.

Study on a schedule

Work through the deck with spaced repetition and let the reviews show which formulas still need practice.

Making cards from your own material keeps the wording and variables consistent with your curriculum. Put the formula on the front with its variables named, and put the result, units and a short worked example on the back.

Spaced repetition works best when the deck is small and specific. Review new formulas daily, then let the ones you recall well wait longer between sessions.

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Frequently asked questions

How many CFA Level 1 formulas should I memorize?

There is no fixed number. Start with the formulas listed in each topic's learning outcome statements and focus on the ones you keep missing on practice questions.

How should I study CFA Level 1 formulas effectively?

Put the formula, its variables and a worked example on each card, then review with spaced repetition so the harder formulas come back sooner.

Does DeckOwl include ready-made CFA Level 1 decks?

No. DeckOwl generates flashcards from your own material, such as curriculum PDFs or notes. Studying in the browser is free on the free plan, and exports require Plus.

Do I have to pay to export my flashcards?

Yes. PDF, DOCX, Anki and CSV export are included in Plus at $99.90/year or $9.99/month, and students get 40% off with a school email.

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Keep exploring the topic

Review the main ideas visually or practice recalling them.