CFA 2026 Level 1 Course

CFA 2026 Level 1 Course

Core Readings in Financial Statement Analysis, Equity Investments, and Fixed IncomeBy Azhar ul Haque Sario
Michael Caine
Listen with Sir Michael Caine™ and 1,000+ voices
Length5h 48m

About this audiobook

You are about to enter a comprehensive guide tailored for the 2026 CFA Level 1 candidate. This book breaks down the core readings in Financial Statement Analysis. It explains the art of analyzing Income Statements. You will learn to decode Balance Sheets. It uncovers the truth behind Cash Flows. You will master the analysis of Inventories. It simplifies Long-Term Assets and Liabilities. You will understand the complexities of Income Taxes. It teaches you to spot Financial Reporting nuances. You will build Financial Statement Models. It explores the world of Equity Investments. You will study Market Organization and Structure. It explains Security Market Indexes. You will analyze Market Efficiency. It covers Equity Valuation tools. You will dive into Fixed Income markets. It details Bond Valuation and Yields. You will understand Interest Rate Risk. It explains Credit Risk analysis. You will learn about Securitization. It covers every critical topic for your success.   Most textbooks treat finance like a dead language, but this book treats it like a living ecosystem. Its competitive advantage lies in its modern 2026 perspective, addressing game-changers like the new IFRS 18 standards which redefine how operating profit is reported. While other books might leave you lost in theory, this guide uses vivid analogies—comparing financial analysts to detectives and bonds to legal contracts—to make complex concepts stick. It integrates contemporary themes like the impact of AI on industry analysis and the rise of "Green" sovereign bonds, ensuring you aren't just learning history, but preparing for the future. It distinguishes between the "accounting reality" and the "investor reality," helping you see through the numbers to the true economic story. This approach transforms dry regulatory filings into a vibrant narrative of business reality, giving you the tools to not just pass an exam, but to think like a seasoned professional.   Disclaimer: This book is an independent publication by Azhar ul Haque Sario and Azhar Sario Hungary. It is intended for educational purposes only. This work is not affiliated with, associated with, endorsed by, or in any way officially connected with the CFA Institute or any of its subsidiaries or its affiliates. The use of the term "CFA" is for nominative and descriptive purposes only to indicate the intended subject matter of the book.

Audiobook details

GenreBusiness and Economics, Politics and Government
Length5 hrs 48 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateFeb 6, 2026
LanguageEnglish

Table of contents

1Subject 3: Financial Statement Analysis
23Subject 5: Fixed Income
2Introduction to Financial Statement Analysis
24Fixed-Income Instrument Features
3Analyzing Income Statements
25Fixed-Income Cash Flows and Types
4Analyzing Balance Sheets
26Fixed-Income Issuance and Trading
5Analyzing Statements of Cash Flows I
27Fixed-Income Markets for Corporate Issuers
Show all chapters
6Analyzing Statements of Cash Flows II
28Fixed-Income Markets for Government Issuers
7Analysis of Inventories
29Fixed-Income Bond Valuation: Prices and Yields
8Analysis of Long-Term Assets
30Yield and Yield Spread Measures for Fixed-Rate Bonds
9Long-Term Liabilities and Equity
31Yield and Yield Spread Measures for Floating-Rate Instruments
10Analysis of Income Taxes
32The Term Structure of Interest Rates: Spot, Par, and Forward Curves
11Financial Reporting Quality
33Interest Rate Risk and Return
12Financial Analysis Techniques
34Yield-Based Bond Duration Measures and Properties
13Introduction to Financial Statement Modeling
35Yield-Based Bond Convexity and Portfolio Properties
14Subject 4: Equity Investments
36Curve-Based and Empirical Fixed-Income Risk Measures
15Market Organization and Structure
37Credit Risk
16Security Market Indexes
38Credit Analysis for Government Issuers
17Market Efficiency
39Credit Analysis for Corporate Issuers
18Overview of Equity Securities
40Fixed-Income Securitization
19Company Analysis: Past and Present
41Asset-Backed Security (ABS) Instrument and Market Features
20Industry and Competitive Analysis
42Mortgage-Backed Security (MBS) Instrument and Market Features
21Company Analysis: Forecasting
43About Author & Publisher
22Equity Valuation: Concepts and Basic Tools

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