01Money & mathematics
Time value of money
Start with a timeline, compounding and discounting a single amount.
About 35 min · 6 practice questions
IBBC CAPITAL ACADEMY / FOUNDATIONS
Build understanding.
Practice with purpose.
From your first timeline to a defensible research note. Follow a connected bilingual path, work the examples, and revisit what you missed.
12 connected lessons72 original practice questionsEN / VI · Switch anytime
Toward CFA 2027 · development edition
Read original bilingual lessons and Level II/III teaching cases. Track the writing and review gaps openly; the full three-level program is not yet complete.
Explore the 2027 program →YOUR LEARNING, ON THIS DEVICE
Complete a lesson checkpoint with at least 5/6. Progress is self-study information stored in this browser, without an account or certificate.
A path you can make your own
Start with 01 if you are new. Otherwise use the starting-point check to identify topics to revisit. All lessons stay open; there are no artificial locks.
02Money & mathematics
Cash flows & annuities
Move several cash flows to one date and distinguish payments at the start and end of a period.
About 40 min · 6 practice questions
03Money & mathematics
Percentages, rates & purchasing power
Read returns correctly and separate money growth from purchasing-power growth.
About 35 min · 6 practice questions
04Business & data
Read financial statements
Connect assets, earnings and cash without confusing profit with money in the bank.
About 35 min · 6 practice questions
05Business & data
Business ratios & interpretation
Calculate a few useful ratios, then ask why they changed and whether comparisons are fair.
About 35 min · 6 practice questions
06Business & data
Statistics, probability & uncertainty
Summarize data, build a simple scenario model and distinguish an estimate from a guarantee.
About 35 min · 6 practice questions
07Markets & risk
Bonds, yields & rate risk
Price promised cash flows and understand why coupon rate, yield and realized return differ.
About 40 min · 6 practice questions
08Markets & risk
Equity & valuation fundamentals
Distinguish price from value, enterprise claims from equity claims, and models from facts.
About 40 min · 6 practice questions
09Markets & risk
Portfolios, diversification & risk
Combine assets, calculate a two-asset risk model and connect risk to goals and constraints.
About 40 min · 6 practice questions
10Markets & risk
Economics & market context
Understand prices, incentives and macro indicators without turning a headline into a forecast.
About 35 min · 6 practice questions
11Markets & risk
Instruments, leverage & payoff
Recognize basic instrument structures and separate payoff from profit before discussing risk.
About 40 min · 6 practice questions
12Research integrity
Ethics, evidence & a research case
Write a defensible research note that separates facts, assumptions and conflicts.
About 35 min · 6 practice questions
No matching lessons. Clear the search or choose another view.
Turn mistakes into your next session
Review your latest missed questions or take a broader checkpoint. Explanations appear after you submit, and every result links back to its lesson.
Choose a manageable study rhythm
About 7–9 hours for a first pass, depending on how much practice you need. A lesson can be split across sessions.
A bilingual reference, close at hand
IBBC Capital Finance Foundations · Original content drafted with AI assistance. IBBC Capital is responsible for editorial review and content. General education, not an official CFA Institute curriculum or credential.
Your saved lessons and scores stay in this browser. Clearing browser data removes them. No data is sent to IBBC Capital by these learning tools. The AI tutor and account synchronization are not implemented.
Open the original Learning Studio →