CFA® Exam Formulas App

Using this app, you can learn your level 1 & level 2 CFA exam formulas anytime and anywhere. Now – the Formulas App is in its trial mode – which means only a few formulas get generated. To gain unlimited access to our Free Formulas App you need to set up your account.

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Net Income FIFO vs Net Income LIFO
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\(NI_{FIFO}=NI_{LIFO}+\text{ increase in LIFO reserve}\times{(1-T)}\)

  • \(NI\) - net income
  • \(LIFO\) - Last-In, First-Out
  • \(FIFO\) - First-In, First-Out
  • \(T\) - tax rate

LIFO method is allowed under U.S. GAAP only (it is not permitted under IFRS).

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The app contains all formulas for the level 1 & level 2 CFA exams

Formulas can be filtered by topics, readings and importance

Formulas are randomly generated each time you click the "Apply" button

After you learn a given formula you can mark it as memorized

You can add personal notes to each formula

The app is mobile-friendly, so you can use it on the go

Sign up for free now! Free CFA Exam Formulas inside Free Study Plan

NOTE: If you are not signed in, the app is in its trial mode, which means only a few formulas get generated. With your free account, you get access to the full mode of the Formulas App & your free Study Plan. Enjoy studying :)