CFA Level I Practice Updates and Feedback

Current practice

Finance Prep’s Level I practice targets CFA Institute’s curriculum effective from February 2027. Use the official Level I exam page and curriculum errata alongside your registered curriculum materials.

The practice uses three-choice, single-answer questions across all ten topics. It includes calculations, financial exhibits, professional decisions and explanations for every answer option. An active Finance Prep subscription or access pass includes the bank and the other Finance Prep banks during its access period.

October 4, 2026 — Reviewed 2027 Level I practice

• Completed editorial review of 4,000 original practice questions across the ten 2027 topics.
• Checked stems, answer choices, grading, calculations and explanations. Corrections clarified cash-flow presentation, investment assumptions, exercise timing and professional duties where needed.
• Added a 180-question public practice set with explanations for all answer choices and a pacing reference based on the official exam’s total working time.
• Kept case assumptions and reporting conventions explicit where they affect the answer, including material accounting-standard transitions.

Interpreting practice results

Editorial review supports clearer questions and defensible explanations. It does not establish equivalence to official exam difficulty, guarantee that every defect has been found or validate a passing prediction. Review correct guesses as well as mistakes, and use fresh questions after targeted study.

Share Level I feedback

Include the public question number or in-app question reference when possible. Tell us which assumption, calculation, answer or explanation needs attention. For sign-in, access or billing help, use support .

Feedback about CFA Program Level I 2027 in Finance Prep goes privately to our team. Tell us about a question, a coverage gap, or an app improvement. Email is optional. For account or billing help, contact support.