Impact of VAT on Businesses

Value Added Tax (VAT) can have several impacts on businesses. Here are some ways in which VAT can impact businesses:

Financial Impact: VAT imposes an additional cost on businesses as they are required to collect VAT from their customers and remit it to the tax authorities. This can affect cash flow management, especially for businesses with tight profit margins, as they need to allocate funds for VAT payments.

Pricing and Margins: VAT affects pricing strategies and profit margins. Businesses must consider the impact of VAT on their prices to ensure that they cover the cost of VAT while remaining competitive in the market. VAT can also impact profit margins, especially if businesses are unable to pass on the full VAT burden to customers.

Compliance and Administrative Burden: Businesses are responsible for VAT registration, maintaining proper records, issuing VAT-compliant invoices, and filing regular VAT returns. This administrative burden can require additional resources and time, particularly for smaller businesses that may have limited staff or expertise in VAT compliance.

Impact on Sales and Consumer Behaviour: The introduction of VAT can influence consumer behaviour and purchasing decisions. Customers may become more price-sensitive and adjust their spending patterns based on the VAT rate and the resulting price increase. This can impact the demand for certain products or services, potentially affecting sales volumes for businesses.

Competitive Landscape: VAT can impact the competitive dynamics within an industry. Businesses that can efficiently manage VAT and pass on the VAT burden effectively may gain a competitive advantage. Conversely, businesses that struggle with VAT compliance or fail to adjust prices accordingly may face challenges in the market.

Supply Chain Considerations: VAT can impact the supply chain of businesses, particularly for those involved in international trade. Cross-border transactions may involve import and export VAT considerations, which can have implications for customs procedures, documentation requirements, and cash flow management.

It’s important for businesses to understand and effectively manage the impact of VAT on their operations. Seeking guidance from experts in VAT regulations can help businesses navigate the complexities of VAT and ensure compliance while minimizing any adverse effects on their operations.

Kaplan offers an internationally certified VAT Diploma in UAE. This VAT course will provide you with a deep understanding of the regulation and provide strategies for tax computation. It is available in both classroom and online formats, and it is offered in English and Arabic. By enrolling in this VAT training, you will have the opportunity to learn from experienced tax experts and benefit from valuable study materials and resources. Speak to our program advisers to know more! 

Career Pathways with the ESG Certification

Obtaining the ESG (Environmental, Social, and Governance) certification from the CFA Institute opens up a range of exciting and impactful career opportunities in the rapidly growing field of sustainable finance. Here are some potential career pathways you can pursue with the CFA Institute ESG certification:

Sustainable Investment Analyst: Utilize your ESG expertise to analyze investment opportunities through a sustainability lens. Evaluate companies and assess their environmental and social performance to make informed investment decisions.

ESG Research Analyst: Work with financial institutions, asset managers, or research firms to provide in-depth analysis of companies’ ESG performance, helping clients make sustainable investment choices.

Corporate ESG Advisor: Join organizations to help them integrate ESG principles into their business strategies. Advise on sustainability reporting, risk management, and stakeholder engagement.

Portfolio Manager – Sustainable Funds: Manage investment portfolios that focus on sustainable assets. Apply your ESG knowledge to construct and oversee investment strategies that align with clients’ values.

Ethical and Impact Investing Specialist: Guide clients towards investments that align with their ethical values and have a positive impact on society and the environment.

ESG Consultant: Partner with businesses to develop and implement ESG strategies, aiding in their sustainability initiatives and compliance with global standards.

ESG Data Analyst: Collect, analyze, and interpret ESG data to provide insights to financial institutions, asset managers, and investors, aiding in decision-making.

ESG Compliance Officer: Ensure companies adhere to ESG regulations and standards, assisting in the development of ethical business practices.

Sustainability Manager: Work within organizations to design and manage sustainability programs, aligning business operations with ESG goals.

ESG Reporting Specialist: Assist organizations in preparing comprehensive and transparent ESG reports for stakeholders, regulators, and investors.

Climate Risk Analyst: Assess financial risks and opportunities associated with climate change, helping institutions navigate the challenges posed by environmental factors.

ESG Auditor: Review companies’ ESG practices and reporting to ensure accuracy, transparency, and compliance with industry standards.

ESG Policy Analyst: Work with government agencies, NGOs, or advocacy groups to analyze and influence policies related to sustainability and responsible investing.

Sustainable Finance Entrepreneur: Launch your own consultancy or startup focused on providing ESG advisory services, sustainable investment solutions, or ESG data analytics.

As the importance of ESG continues to grow, professionals with CFA Institute ESG certification are well-positioned to make a meaningful impact on both the financial industry and the broader global sustainability agenda. The diverse career opportunities in this field offer a chance to align your skills and passion with creating a more sustainable and responsible future.

At Kaplan we offer an OnDemand ESG certification that provides you with videos and study resources to help you prepare for the exam and gain the certification. Speak to our program advisers to learn more about this program.

How does the ESG Certification compliment the CFA program?

As the importance of ESG continues to grow, professionals with CFA Institute ESG certification are well-positioned to make a meaningful impact on both the financial industry and the broader global sustainability agenda. Here’s how the ESG certificate enhances and complements the CFA program:

Incorporating ESG Considerations:

The ESG certificate delves deeper into the integration of ESG factors into investment analysis, decision-making, and risk assessment. While the CFA program covers a wide range of financial topics, the ESG certificate specifically focuses on the incorporation of environmental, social, and governance considerations into the investment process.

Specialized Expertise:

By earning the ESG certificate, CFA Charterholders can gain specialized expertise in sustainable finance, allowing them to address the growing demand for ESG knowledge and skills in the investment industry.

Meeting Investor Demand:

The ESG certificate equips CFA Charterholders with the tools to meet the increasing investor demand for ESG-aligned investments. This specialization positions them to provide more comprehensive and relevant advice to clients seeking sustainable investment options.

Enhanced Career Opportunities:

While the CFA program opens doors to a broad range of finance-related roles, the ESG certificate expands career opportunities in sustainable investment, ESG research, ethical advisory services, and roles focused on addressing environmental and social challenges.

Alignment with Global Trends:

The ESG certificate aligns with global trends towards responsible investing and sustainable business practices. This alignment enhances the value that CFA charterholders can bring to their organizations and clients.

Ethical and Social Considerations:

The ESG certificate addresses ethical considerations and social impact, providing a broader context for financial decision-making. This holistic approach can improve investment analysis and decision outcomes.

Integrated Approach:

The ESG certificate encourages an integrated approach to finance, where financial performance is assessed alongside environmental and social impact. This complements the CFA program’s emphasis on comprehensive financial analysis.

Networking Opportunities:

Earning the ESG certificate connects CFA Charterholders with a network of professionals focused on sustainable finance. This network can provide insights, collaboration opportunities, and exposure to the latest developments in the field.

Addressing Complex Challenges:

The ESG certificate equips CFA Charterholders to navigate the complexities of ESG-related issues, such as climate change, social inequality, and corporate governance, which have significant implications for investment strategies.

Enhanced Value Proposition:

Combining the CFA charter with the ESG certificate creates a compelling value proposition, showcasing your commitment to ethical investing, sustainability, and holistic financial analysis.

In summary, the ESG certificate from the CFA Institute complements the CFA program by providing a specialized focus on sustainable finance and responsible investing. This combination enhances your skills, knowledge, and career opportunities, enabling you to thrive in a financial industry increasingly influenced by ESG considerations.

Contact us to know more about Kaplan’s training for the ESG certification.

Advantages of Choosing Kaplan’s ACCA Approved Study Materials for Your Exam Preparation

Studying from Kaplan’s ACCA (Association of Chartered Certified Accountants) approved study material offers several advantages that make it a preferred choice for many ACCA candidates. While there are various study materials available in the market, Kaplan’s approved resources stand out for the following reasons:

Accurate and Reliable Content:

Kaplan’s study materials are approved by ACCA, ensuring that the content is accurate, up-to-date, and aligned with the latest syllabus and exam requirements. This level of accuracy is crucial to your exam success.

Comprehensive Coverage:

Covering the entire ACCA syllabus comprehensively, our materials ensure a thorough grasp of the topics and concepts essential for mastering the exams.

Expert Authors and Instructors:

Authored by seasoned professionals and instructors with a profound understanding of the ACCA curriculum, it ensures well-explained and exam-relevant content.

Practice Questions and Mock Exams:

Our materials include a wide range of practice questions and mock exams. These resources help you apply your knowledge, assess your understanding, and practice exam-style questions before the actual exams.

Structured Learning Pathways:

Exclusively designed to provide a structured learning pathway, guiding you through the syllabus in a logical sequence. We help you stay on track and efficiently cover all required topics.

Alignment with Exam Format:

Crafted to mirror the format and structure of the actual ACCA exams, this familiarity with the exam style can boost your confidence and performance.

Online Resources and Support:

We offer online platforms and resources that complement their study materials. These resources may include video lectures, interactive quizzes, and student support forums, enhancing your learning experience.

Pass Rates and Success Stories:

Numerous ACCA candidates have attained exam success by utilizing our study materials. The remarkable pass rates and success stories serve as a testament to the effectiveness of these resources in exam preparation.

Regular Updates:

ACCA syllabus and exam formats may evolve over time. Kaplan’s approved study materials are regularly updated to reflect these changes, ensuring that you are studying the most relevant and current content.

Approved Provider Status:

Kaplan is an ACCA-approved content provider, which means our study materials undergo a rigorous review process to meet ACCA’s standards of quality and accuracy.

Kaplan offers ACCA training in Dubai face to face and online across the Middle East region for all 13 papers. To view our study material and know more about our training program,  contact our program advisers today.

Accounting professionals are adapting to technology through the ACCA Qualification, revolutionizing the accounting landscape

In an era of rapid technological advancement, the accounting industry is undergoing a profound transformation. Automation, artificial intelligence (AI), and blockchain are reshaping traditional practices, presenting both challenges and opportunities for accounting professionals. This article explores how accounting professionals are adapting to these technological shifts and the ways in which these innovations are revolutionizing their roles within the accounting landscape through the ACCA Qualification.

The Rise of Automation: 

ACCA professionals are embracing automation to streamline routine tasks such as data entry, reconciliations, and transaction processing. This shift allows them to focus on higher-value tasks, such as data analysis, interpreting insights, and providing strategic financial advice to clients.

Data Crunching to Strategic Insights:

ACCA professionals are utilizing AI-driven analytics to process vast amounts of  data quickly, leading to more informed decision-making. AI-powered tools can identify patterns, trends, and anomalies, enabling ACCA professionals to offer more valuable insights to clients and organizations.

Blockchain and Transparency:

Audit and Assurance ACCA professionals are exploring blockchain’s potential to enhance transparency and traceability in financial transactions. Blockchain’s immutable ledger can simplify audit processes by providing a secure and transparent record of financial activities.

Shifting from Transactional to Advisory:

ACCA professionals are transitioning from transactional services to offering strategic advisory roles to clients. Leveraging technology, they can provide real-time insights, scenario analysis, and financial forecasts to guide clients’ business decisions.

Data Security and Ethics:

ACCA professionals are addressing ethical and security concerns related to technology, ensuring client data privacy and compliance. They play a crucial role in designing and implementing robust cybersecurity measures to protect sensitive financial information.

The accounting profession is undergoing a paradigm shift driven by technological advancements. ACCA professionals are at the forefront of this transformation, embracing AI, automation, and blockchain to enhance efficiency, provide strategic insights, and deliver more value to clients. As they navigate the evolving landscape, ACCA Qualification continues to prioritize continuous learning, data ethics, and client-centric services to thrive in a technology-driven future. With the right blend of technical expertise and adaptability, ACCA professionals are well-positioned to shape the future of accounting and finance.

Kaplan offers ACCA classes in Dubai as well as ACCA online training. To know more about Kaplan’s training, study material and student support, contact us today.

Benefits of studying for your CFA exam with Kaplan Schweser study materials

Studying for the CFA exam with Kaplan Schweser study materials can offer a range of benefits that can enhance your preparation and increase your chances of success. Kaplan Schweser is a well-known provider of CFA exam review resources, and many candidates have found their materials to be highly effective. Here are some key benefits of using Kaplan Schweser study materials for your CFA exam preparation:

Concise and Focused Content:

Kaplan Schweser study materials are known for their ability to distill complex CFA curriculum topics into concise and focused summaries. This approach can help you grasp key concepts more efficiently and save time during your study process.

Comprehensive Coverage:

Despite their condensed format, Kaplan Schweser materials provide comprehensive coverage of the CFA curriculum. They prioritize the most relevant and frequently tested topics, ensuring you have a strong understanding of the core concepts that are likely to appear on the exam.

Practice Questions and Mock Exams:

Kaplan Schweser offers a substantial number of practice questions, including both multiple-choice questions and item sets. These questions are designed to simulate the exam format, allowing you to practice effectively and build confidence in your exam-taking skills. Mock exams provided by Kaplan Schweser also help you simulate real exam conditions and assess your readiness.

Interactive Online Platform:

Kaplan Schweser provides an interactive online platform that offers a variety of study tools. This platform may include video lectures, quizzes, practice exams, and performance tracking. It caters to different learning styles and allows you to study at your own pace.

Expert Authorship:

Kaplan Schweser study materials are created by experienced CFA charterholders and instructors who have a deep understanding of the exam content and structure. This ensures that the study resources are aligned with the exam’s requirements and provide accurate information.

Supplementary Resources:

In addition to core study notes, Kaplan Schweser often provides supplementary materials like formula sheets, quick study guides, and study workshops. These resources can aid in review and reinforce your understanding of key concepts

Fexible Learning Options:

Kaplan Schweser offers study materials in various formats, including print, digital, and mobile. This flexibility allows you to choose the format that suits your learning preferences and study schedule.

Proven Success:

Kaplan Schweser has a history of helping candidates pass the CFA exams. Many successful charterholders have used their materials, which can provide confidence in the effectiveness of their resources.

Supportive Community:

Kaplan Schweser provides opportunities to engage with instructors and fellow candidates through discussion forums and study groups. This sense of community can be valuable for clarifying doubts, sharing insights, and staying motivated.

Ultimately, the choice of study materials should align with your learning style, preferences, and study needs. It’s recommended to explore sample materials, reviews, and feedback from other candidates to determine if Kaplan Schweser study materials are the right fit for your CFA exam journey.

At Kaplan  we provide CFA  classes in Dubai and Abu Dhabi for all levels of the CFA exam.  This training is available in classroom and online formats to suit your studying style. To  learn more about our training and view our CFA Schweser study materials and resources, contact us today!


Understanding Constructive Response Questions for the Level III CFA Exam

Level III introduces a shift in the exam format, emphasizing your ability to provide detailed, coherent, and well-structured written responses. These essay questions require you to apply your knowledge to complex scenarios and demonstrate your analytical skills. At Kaplans CFA classes we

Mastering the Grading System: 

Familiarize yourself with the CFA Institute’s grading rubric for constructive response questions. Understand how points are allocated for various components of your response, such as identification, calculation, and justification. This awareness helps you tailor your answers to meet the criteria the graders are looking for.

Effective Structuring of Responses:

Begin your response with a clear introduction that outlines your approach to the problem. Break down your  answer into distinct sections, such as problem identification, calculation, and conclusion. Use headings and bullet points to enhance clarity and readability.

Addressing All Components of the Question:

Pay close attention to the question’s prompts and ensure that your response addresses each component explicitly. Avoid tangents and stay focused on providing a concise yet comprehensive answer.

Application of Concepts and Real-World Examples:

Constructive response questions require you to apply your knowledge to practical situations. Use real-world examples, case studies, and scenarios to support your arguments and showcase your ability to integrate theory and application.

Effective Use of Formulas and Calculations:

When calculations are involved, clearly present your formulas, inputs, and steps. Show your work in a structured manner, making it easy for graders to follow your thought process. Always double-check your calculations for accuracy.

Time Management for Essay Questions:

Time management remains crucial even in the essay section. Allocate a specific amount of time for each  question based on its point value. If you encounter a challenging question, move on and return to it later if time permits.

Practice, Practice, Practice:

Regularly practice constructing essay responses under timed conditions. Use past exams and mock tests to simulate the actual exam environment. Analyze your answers critically to identify areas for improvement.

Cracking the CFA Level III exam requires a mastery of constructive response questions. By understanding the grading rubric, structuring your responses effectively, addressing all components of the question, applying concepts to real-world scenarios, and practicing diligently, you’ll be well-prepared to tackle the challenges of the essay section. Remember that Level III is not only a test of knowledge but also an assessment of your ability to communicate your insights clearly and convincingly. Stay focused, stay confident, and approach the exam with a strategic mindset. Your dedication and preparation will pave the way to earning the prestigious CFA charter and achieving your goal as a Chartered Financial Analyst. Best of luck on your Level III journey!

At Kaplan  we provide CFA  classes for all levels of the CFA exam.  This training is available in classroom and online formats to suit your studying style. Studying with us will provide you with opportunity to learn from experienced CFA Charter holder trainers, benefit from valuable CFA Schweser study materials and resources, and receive unparalleled student support. Contact us today to know more about this program.

CFA Certification vs. Other Finance Certifications: Making the Right Choice for Your Career

In the dynamic and competitive field of finance, pursuing a professional certification is a strategic move to enhance your knowledge, skills, and career prospects. While there are several finance certifications available, the CFA Certification stands out as one of the most prestigious. In this article, we’ll compare the CFA program with other prominent finance certifications, highlighting the differences and helping you make an informed decision based on your career goals.

  • CFA Program Overview:
    The CFA program is a globally recognized qualification offered by the CFA Institute. It is renowned for its rigorous curriculum, comprehensive coverage of investment topics, and emphasis on ethics. The program consists of three levels and requires passing exams for each level.
  • Certified Public Accountant (CPA):
    The CPA certification focuses on accounting and financial reporting. It is essential for professionals in auditing, taxation, and financial accounting roles. While CPA covers accounting regulations and laws, the CFA program emphasizes investment analysis and portfolio management.
  • Chartered Alternative Investment Analyst (CAIA):
    The CAIA designation is suitable for those interested in alternative investments such as hedge funds, private equity, and real assets. While the CFA program provides a broader view of investment management, CAIA is specialized in alternative investments.
  • Financial Risk Manager (FRM):
    The FRM designation is designed for professionals specializing in risk management, including credit risk, market risk, and operational risk. While the CFA program covers risk management as well, FRM delves deeper into risk analysis and mitigation strategies.
  • Chartered Financial Planner (CFP):
    The CFP designation is geared towards financial planning and wealth management. It focuses on personal financial planning, retirement planning, estate planning, and taxation. CFA, on the other hand, is more investment-centric.
  • Investment Banking Certifications (e.g., Series 7, Series 79):
    Investment banking certifications, like the Series 7 and Series 79, are required for specific regulatory purposes in the United States. These certifications are necessary for professionals engaging in securities trading and investment banking activities, whereas the CFA program offers a broader investment knowledge base.
  • Key Differences:
  • Breadth vs. Specialization: The CFA program covers a wide range of investment topics, while other certifications tend to specialize in specific areas.
  • Global Recognition: The CFA program is recognized worldwide and is highly regarded by employers in the finance industry.
  • Exam Structure: The CFA program consists of three levels of exams, while other certifications may have varying exam structures.
  • Ethical Emphasis: The CFA program places a strong emphasis on ethics, making it a valuable asset for maintaining ethical standards in the finance industry.
  • Choosing the Right Certification:
    Consider your career goals, interests, and strengths when choosing a certification. If you’re interested in a comprehensive investment education with a global reputation, the CFA program may be the best fit. For specialized areas such as risk management, alternative investments, or financial planning, other certifications may be more suitable.

Selecting the right finance certification is a critical decision that can significantly impact your career trajectory. The CFA program stands out for its comprehensive curriculum, global recognition, and emphasis on ethics. However, other certifications offer specialized knowledge in areas like accounting, risk management, and financial planning. Assess your career aspirations, strengths, and interests to make an informed choice that aligns with your professional goals. Regardless of the certification you pursue, continuous learning and commitment to excellence will undoubtedly contribute to your success in the dynamic world of finance.

At Kaplan  we provide CFA  training for all levels of the CFA exam.  This training is available in classroom and online formats to suit your studying style. Studying with us will provide you with opportunity to learn from experienced CFA Charter holder trainers, benefit from valuable CFA Schweser study materials and resources, and receive unparalleled student support. Contact us today to know more about this program.

Part 1: How Investing in Your CFA® Candidates Benefits Your Organization

This is the first in a three-part series of articles focusing on the significant benefits that investing in an effective CFA learning program can have for your organization and employees.

  • Part 1: Benefits to Your Organization
  • Part 2: Benefits to Your Employees
  • Part 3: Critical Elements of a Successful CFA Learning Program


Achieving the Chartered Financial Analyst (CFA) is a crowning achievement for many finance professionals. It demonstrates several key qualities that employers value:

  • a high level of expertise in investment analysis and asset management
  • the dedication necessary to successfully complete a rigorous program
  • a high ethical grounding


As such, it remains popular among aspiring finance professionals, as well as the organizations that hire them.

The drawback is that earning the CFA designation is a challenging process spanning multiple years. The relatively low pass rates on the CFA exams confirm just how hard the CFA exams are. Furthermore, most candidates pursuing the CFA Charter are already in the workforce, which further complicates the preparation process.

Employers that recognize and support employees as they pursue the CFA charter, stand to realize tangible benefits. Offering access to an effective CFA exam prep program complemented by support from your organization in the form of mentorships, work flexibility, and tuition reimbursement can benefit your organization in multiple ways:

  • Increase company loyalty and improve retention
  • Enhance your organization’s competitiveness
  • Lower exam and tuition costs

Increasing Company Loyalty and Improve Retention

It’s no secret that companies are concerned about employee retention. According to LinkedIn Learning’s 2023 Workplace Learning Report, 93% of organizations worry about retention. In this report, Van Ton-Quinlivan, Futuro Health CEO, divulges “Everyone wants experienced workers but lacks the capacity to train the new folks, so they are stealing talent from each other. We need to figure out a way to break this cycle — and that includes investing in the training capacity to grow brand new workers.”

When you invest in your team members, they feel valued, creating loyalty that results in lower turnover and improved job performance. In a tight labor market where skilled professionals freely migrate from company to company, investing in your employees is a deeply personal benefit that keeps motivation high. Formal training programs, tuition reimbursement programs, and associated internal support are being successfully employed by many companies to attract, retain, and upskill high-performing employees.

A recent survey from Strategic Education, Inc. found that 76% of respondents, who said their current employer offers tuition benefits, indicated that they felt valued by their current employer. Taking that one step further, providing key employees with educational opportunities, such as a CFA learning program aligned directly with their career aspirations and your organization’s talent needs, is known to provide dividends in the form of increased expertise and employee retention.

Learn How Kaplan Schweser’s Corporate Programs Can Benefit Your Team and Organization

Enhancing Your Organization’s Competitiveness

Organizations that offer an effective CFA exam prep program help increase your firm’s competitiveness by developing employees into skilled professionals, strengthening your organization’s talent, accelerating productivity, and enhancing your organization’s credibility and reputation.

Addressing Skill Gaps and Strengthen Your Organization’s Talent
A recent McKinsey & Company survey found that “87 percent of executives said they were experiencing skill gaps in the workforce or expected them within a few years.” With respect to the financial services industry, a PwC study indicated that a large majority of CEOs ‘see a skills gap emerging because of a deficit in the supply of skilled workers.”

The same PwC study indicates that those same CEOs saw “significant retraining or upskilling their current workforce as their main approach to closing this skills gap.” So instead of competing for talent, you’re investing in talent internally.

Enhancing your organization’s credibility and reputation

There is a high regard for CFA charterholders globally, and having charterholders on your staff enhances your organization’s credibility. It is a testament that your team has proven skills and knowledge to positively impact the bottom line. It also demonstrates that your organization is committed to superior professionalism and a strong work ethic, traits that resonate with clients. It helps earn their trust that your organization has the capabilities to successfully meet their needs.

Lowering Exam and Tuition Costs

CFA Program registration fees for the 2024 CFA exam season are on the rise. CFA Institute is increasing its early registration to $940, while standard registration is increasing to $1,250. With historical average pass rates hovering between 41% for the Level I exam and 55% for the Level III exam, exam fees alone can quickly add up. And if an employee fails, as most people do at least once along the way, registration fees alone can be an expensive proposition.

Furthermore, the cost of failure is not only financial; failing an exam can take a toll on your employee’s emotional well-being. This can result in disappointment, embarrassment, and frustration that can negatively impact job performance.

With such high stakes, the best way to keep the costs down is to have employees:

  • register only during the early-bird period
  • communicate with their managers to ensure aligned expectations during the study period
  • participate in CFA exam prep programs that increase the likelihood of passing each exam the first time


Trusting in a proven CFA exam prep program for your employees can generate improved outcomes on the exam, minimize exam and tuition costs, and result in happier and more productive employees. This is how the organization and the employees both win.

Preparing with the Industry Leader

Kaplan is the most respected and trusted CFA exam prep provider in the industry. For more than 30 years Kaplan Schweser has helped over 500,000 candidates prepare for the CFA exam while supporting hundreds of financial services organizations.

We have helped candidates achieve their career goals through our experienced trainers, world-class support, and digital solutions. Contact us today to know how our CFA B2B learning programs can help your organization achieve your talent development and cost-constraint goals!

How to prepare a successful CFA study plan

The CFA program requires candidates to pass three separate exams. Each CFA level requires candidates to prepare a lot of material. To be successful, you need to prepare an effective CFA study plan that includes a detailed prep schedule.

Having a study schedule can help you organize your study planner around the topics on which you will be tested. To master these curriculum topics and utilize the time you have we have outlined our recommendations for the CFA Charter and provided you with tips for creating an effective CFA study plan.

Tips For Creating an Effective CFA Study Plan

1. Stick to your CFA study schedule and don’t fall behind.

Once you create your study schedule, be disciplined and stick to it! To provide the motivation to stay on task, take a CFA Program review course and prepare for it like a university course; read the relevant material ahead of time, get at least a big picture of the topics to be covered, and write down any questions you want to ask.

Another great way to stick to your study plan is to form a study group that meets on a regular basis. Studying with others who are facing the same challenge you face provides motivation and support. In addition, being able to ask questions or explain a concept to someone else helps develop your own mastery of the topics. Build the class times and study group meeting times into your schedule, and, once again, stick to it!

2. Prepare, Practice, Perform.

A very useful organizing structure for your plan is based on the three key stages of learning: Prepare, Practice, and Perform. The path to success is to focus on the Learning Outcome Statements (LOS) provided by CFA Institute.

These are performance-based objectives that provide detail on exactly what you are expected to be able to DO on exam day. For example, one LOS might be “Calculate and interpret Net Present Value (NPV).” The command words “calculate” and “interpret” are what you should be able to do correctly.

3. Review regularly.

The material you learn when you begin will not stay with you until exam day if you don’t go back and revisit it once in a while. Plan to spend a few hours each week going back and reviewing material you think you’ve already mastered. Do some CFA practice questions and, if you make any mistakes, dig into those concepts again until you know them.

4. Cover all of the material.

Don’t play the prediction game by guessing which Learning Outcome Statements from the CFA Institute won’t be tested and then ignoring that material. Every LOS is fair game for the exam, and you have to be ready for anything to be tested.

5. Study Ethics and Professional Standards last.

We recommend studying Ethics and Professional Standards after you are comfortable with other CFA topics because preparing for these questions mainly relies on using the ROTE learning method, which is the process of memorizing information based on repetition.

6. Reserve the last month for CFA Mock Exams.

During the last month or so before the exam, begin to take practice and CFA mock exams in realistic settings. Take the exam on your own with no notes, and be sure to block off at least 3 hours to simulate one session. The key is to use the exams to identify how prepared you are by assessing your areas of weakness and addressing them. If you get a question wrong, note whether the issue was the application of your knowledge to the question, or a fundamental lack of understanding of the concept. Keep track of your scores and look for an upward trend…by exam day, you should be scoring above 70% consistently.

7. And finally, reward yourself.

Make a plan to do something fun and relaxing on the day after the exam…golf, hiking, time with family, video games, or simply sleeping. You’ve earned it!


If you are interested in joining hands with a leading CFA tuition provider to help make your CFA journey easier, then Kaplan Professional Middle East is here to offer you the expertise of having helped students to successfully ace their CFA exams for several years with the industry’s leading trainers. If you are looking for CFA training, join us as a student to kickstart your CFA exam preparation.