CFA Study Guide 2026

Everything you need to pass the CFA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.

📋 CFA Exam Format at a Glance

100
Questions
90 min
Time Limit
70.00%
Passing Score

📚 CFA Topics to Study (21)

✍️ Sample CFA Questions & Answers

1. What is the primary purpose of a field observation checklist?
To standardize and document all required observations

Checklists ensure systematic data collection and prevent omission of critical details during observations.

2. Why are corrective action plans important in QA processes?
They systematically prevent recurrence of identified issues

Structured plans address root causes to prevent recurrence of compliance issues.

3. In Certified Field Associates, what role does continuous improvement play in practical applications & techniques?
It ensures practices evolve to meet changing requirements and improve outcomes

Continuous improvement ensures that practices in this area evolve to meet changing requirements, incorporate new knowledge, and consistently improve outcomes.

4. What is the first phase of strategic planning?
Environmental analysis and assessment of current position

Strategic planning begins with analyzing the current environment, including internal strengths and weaknesses and external opportunities and threats (SWOT analysis).

5. What should you do if a client becomes agitated during a field visit?
Pause the conversation and suggest a break

When a client becomes agitated, the most professional and effective response is to de-escalate the situation. Pausing the conversation and suggesting a break allows both parties to cool down, regain composure, and approach the issue more calmly. This demonstrates empathy and respect for the client's emotional state, fostering a more productive interaction.

6. Which regulatory body is MOST commonly associated with workplace safety standards relevant to Certified Field Associates?
OSHA (Occupational Safety and Health Administration)

OSHA is the primary federal agency responsible for setting and enforcing workplace safety standards across most industries in the United States.

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Your CFA Study Path
1. Learn with Flashcards → 2. Drill Practice Tests → 3. Take the Full Exam Simulation
CFA Study Guide 2026 — Exam Format, Topics & Practice Questions