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About Level 1

CFA Level I covers all the essential topics that build the strong foundation of finance and investment concepts. The curriculum consists of 10 topic areas that cover key subjects, including ethical and professional standards, investment tools, asset classes, and portfolio management and wealth planning.
The average 10 year passing rate for CFA Level I is 41%

Read FAQs for further details

About
CFA

About Level i

CFA Level I covers all the essential topics that build the strong foundation of finance and investment concepts. The curriculum consists of 10 topic areas that cover key subjects, including ethical and professional standards, investment tools, asset classes, and portfolio management and wealth planning.
The average 10 year passing rate for CFA Level I is 41%

Read FAQ’s for further details

Why
CFA?

COVERAGE:

TOPICS

Quantitative Methods (QM)

Economics (ECO)

Corporate Issuers (CI)

Financial Statement Analysis (FSA)

Equity Investments (EI)

Fixed Income (FI)

Derivatives (DER)

Alternative Investments (AI)

Portfolio Management (PM)

Ethics (ETH)

Weightage

6-9%

6-9%

6-9%

11-14%

11-14%

11-14%

5-8%

7-10%

8-12%

15-20%

COVERAGE:

Quantitative Methods (QM)

6-9%

Economics (ECO)

6-9%

Corporate Issuers (CI)

6-9%

Financial Statement Analysis (FSA)

11-14%

Equity Investments (EI)

11-14%

Fixed Income (FI)

11-14%

Derivatives (DER)

5-8%

Alternative Investments (AI)

7-10%

Portfolio Management (PM)

8-12%

Ethics (ETH)

15-20%

So, why choose

Mohsin Azam Khan
for your CFA journey?

Mohsin Azam Khan is a CFA Charterholder and an ACCA qualified. A passionate and committed CFA teacher with over 10 years of teaching experience of CFA/ACCA and also including different reputable universities. He also focuses on the analytical and understanding skills of students so they blossom in the practical world too.

Watch Video

and know the expert introduction of AAA

Why Sir
Owais

Qualification & Achievements

Qualified
ACCA & ICAEW

15 years

of experience

35 Nationwide Positions

by student in all offered exams

14 positions
by his AAA Students

Corporate Experience
of Big 4 & MNC

Selected multiple times for
ACCA’s officials webinars

View Instructor Profile

Position Holders

Testimonials

Aoa Sir just wanted to come here and thank you so much for all your help effort and guidance, couldn’t have cleared level 1 without you. Your video and material provided made all the course understanding provided made the course understanding really smooth and made also the concepts very clear, you were always available 24/7 with queries, I would highly recommend you to anyone looking for CFA preparation, IA will soon register with you for level 2 as well. Thank you once again sir.
Aatika Khan
Aatika Khan
Thank you so much sir for your support and guidance. I passed the CFA level 1 exam. I highly recommend every CFA candidate for your mentorship. As your exam material was very useful and especially your efforts towards every student. Thanks for your insightful teaching methods and encouragement, I not only grasped the challenging concepts but also excelled in my exams. Your passion for teaching and commitment to students’ success make them an invaluable asset to any learning journey. Thank you once again.
Zain Malik
Zain Malik
Demo Lectures

The demo lectures of the AAA course within the ACCA program, presented by Sir Owais Mirchawala, offer a compelling introduction to the intricacies of Advanced Audit and Assurance. Sir Owais Mirchawala’s teaching style stands out for its clarity and depth, providing students with a comprehensive understanding of auditing principles and practices. His engaging approach not only demystifies complex concepts but also instills practical insights essential for navigating the challenges of the auditing profession. Aspiring ACCA students can expect a dynamic and enriching learning experience from Sir Owais Mirchawala’s demo lectures, setting a solid foundation for success in the AAA course.

Select Lecture Language
Course Orientation
by Owais Mirchawala
Watch Lecture
Course Orientation
by Owais Mirchawala
Watch Lecture

Lectures

Demo Lectures

The demo lectures of the AAA course within the ACCA program, presented by Sir Owais Mirchawala, offer a compelling introduction to the intricacies of Advanced Audit and Assurance. Sir Owais Mirchawala’s teaching style stands out for its clarity and depth, providing students with a comprehensive understanding of auditing principles and practices. His engaging approach not only demystifies complex concepts but also instills practical insights essential for navigating the challenges of the auditing profession. Aspiring ACCA students can expect a dynamic and enriching learning experience from Sir Owais Mirchawala’s demo lectures, setting a solid foundation for success in the AAA course.

Select Lecture Language
Course Orientation
by Owais Mirchawala
Watch Lecture
Course Orientation
by Owais Mirchawala
Watch Lecture

Lectures

Stay ahead in the Exams with Mirchawala's specialized LMS.
MHA-LMS

Our Specialised LMS provides student with the course in well structured manner which ensure effective and efficient study. Customized Testing system in our LMS helps a student to have actual exam experience while attempting homeworks and Mock Exams.

To discover further key features of our LMS, including Access to recorded lectures library, specialized testing system, access to course attachments and comprehensive progress reports, watch our tutorial video.

Watch LMS Walkthrough

Seamless
Streaming

Access to video
lectures library

resource
libraries

testing
system

Supports Windows,
iiOS, android

Stay ahead in the world of finance with Mirchawala's innovative LMS.
MHA-LMS
Welcome to Mirchawala’s cutting-edge Learning Management System (LMS), the heartbeat of your accountancy journey! Our LMS is a dynamic platform tailored for seamless learning, offering real-time progress tracking, interactive modules, and collaborative study tools.

To discover the key features of our LMS, including personalized study plans, live webinars, resource libraries, discussion forums, and comprehensive progress reports!”

Watch LMS Walkthrough

personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

Course Outline
Audit Planning
  • Objectives: Define the purpose and scope of the audit, assess risks, and develop a strategy for gathering evidence.
  • Key considerations: Understanding the business, internal controls, industry risks, and regulatory requirements.
  • Deliverables: Audit plan outlining procedures, timeline, and resources.
  • Internal controls: Evaluate the effectiveness of controls in preventing and detecting errors or fraud.
  • Risk assessment: Identify and analyze potential risks that could affect the financial statements.
  • Materiality: Determine the level of misstatement that would be considered significant and require adjustment.
  • Types of evidence: Documentary, physical, analytical, and inquiry evidence.
  • Sufficiency and relevance: Ensure evidence is reliable, relevant, and supports the audit opinion.
  • Audit sampling: Use sampling techniques to test a representative portion of transactions or balances.
  • Analytical procedures: Compare financial data to industry benchmarks or trends to identify potential anomalies.
  • Tests of controls: Evaluate the design and effectiveness of internal controls.
  • Substantive procedures: Test the accuracy and completeness of financial statements.
  • Types of reports: Unqualified, qualified, adverse, and disclaimer of opinion.
  • Reporting standards: Follow International Standards on Auditing (ISA) or Generally Accepted Auditing Principles (GAAP).
  • Communication: Clearly communicate findings and recommendations to stakeholders.
Course Outline
Audit Planning
  • Objectives: Define the purpose and scope of the audit, assess risks, and develop a strategy for gathering evidence.
  • Key considerations: Understanding the business, internal controls, industry risks, and regulatory requirements.
  • Deliverables: Audit plan outlining procedures, timeline, and resources.
  • Internal controls: Evaluate the effectiveness of controls in preventing and detecting errors or fraud.
  • Risk assessment: Identify and analyze potential risks that could affect the financial statements.
  • Materiality: Determine the level of misstatement that would be considered significant and require adjustment.
  • Types of evidence: Documentary, physical, analytical, and inquiry evidence.
  • Sufficiency and relevance: Ensure evidence is reliable, relevant, and supports the audit opinion.
  • Audit sampling: Use sampling techniques to test a representative portion of transactions or balances.
  • Analytical procedures: Compare financial data to industry benchmarks or trends to identify potential anomalies.
  • Tests of controls: Evaluate the design and effectiveness of internal controls.
  • Substantive procedures: Test the accuracy and completeness of financial statements.
  • Types of reports: Unqualified, qualified, adverse, and disclaimer of opinion.
  • Reporting standards: Follow International Standards on Auditing (ISA) or Generally Accepted Auditing Principles (GAAP).
  • Communication: Clearly communicate findings and recommendations to stakeholders.
  • Code of ethics: Understand and adhere to professional ethical standards for auditors.
  • Independence: Maintain objectivity and avoid conflicts of interest.
  • Professional skepticism: Maintain a questioning attitude throughout the audit.
  • Information technology audits: Focus on the controls and risks associated with IT systems.
  • Operational audits: Evaluate the efficiency and effectiveness of operations.
  • Compliance audits: Assess adherence to laws, regulations, and internal policies.
  • Forensic accounting: Investigate financial fraud and misconduct.
  • Due diligence: Evaluate a business for a potential acquisition or investment.
  • Agreed-upon procedures: Perform specific procedures as agreed upon with the client.
  • Internal audit: Provide independent assurance to an organization's management.
  • Government auditing: Audit government agencies and programs.
  • Non-profit auditing: Audit non-profit organizations.
  • Stay up-to-date on current auditing pronouncements and best practices.
  • Read journals and articles on specific audit topics.
  • Attend conferences and training courses.

Course Outline

Free Resources for AAA by Tutor
Here are some videos & study material for AAA
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Free
Resources

Frequently Asked Questions
What does a CFA Level 1 do?
  • Passing the CFA Level I exam can help you get an entry as financial analyst in the investment world which includes Investment banks, Capital Markets, Brokerages, Asset Management Companies, Treasury division of multinationals and etc.
  • CFA Level 1 Exam Pass rates may change every attempt, the latest rates stood at 44%.
  • Passing the CFA exam requires discipline, hard work and well planned preparation. It is a basic knowledge-based exam with a comfortable passing rate.
  • CFA institute does not reveal the minimum passing score officially. However, as per different CFA tutors it is estimated to be around 65-70% overall of the exam.
  • No, you are required to get an overall 65-70% score in the exam. It could be 50% in a few topics while 90% in some.
  • CFA certification is regarded as the most cost-effective qualification in comparison to MBA’s of high ranked university.
  • Yes, if either you have a four years professional experience in any field prior to registration or a combination of 2-years college life and 2-years work experience totaling four years in continuity not overlapping.
  • It depends and varies person to person as per his/her academic background, life stage, free time to study and other factors. However, CFA recommends to study for 300 hours ranging from 4 months to 10 months. On average 5-6 months seems sufficient time. For more clarity, it is advised to discuss one to one with our tutor.

Current Status

Yes

No

I am a Graduate from university

 

I have just passed my Inter or Alevels 

 

I have in my third year of graduation

 

I have four years professional work experience

 

I am an ACCA Affiliate 

 

I have earned my OBU degree through ACCA

 

I have completed my first year of graduation

 

I do not have a graduate degree but an equivalent certification 

 

I have a graduation in engineering

 

I have completed a two years BCOM and pursuing my bachelors. 

 
  • You should choose Sir Owais Mirchawala because of his 24/7 availability, providing support and also his immense teaching experience in the area of audit.

Yes

No, your graduation can be of any field like engineering, medical or etc. 

It depends on your prior experience but on average CFA level 1 salary is starts from $46,918 to $74,000 yearly as the top earners globally.

Frequently Asked Questions
What does a CFA Level 1 do?
  • Passing the CFA Level I exam can help you get an entry as financial analyst in the investment world which includes Investment banks, Capital Markets, Brokerages, Asset Management Companies, Treasury division of multinationals and etc.
  • CFA Level 1 Exam Pass rates may change every attempt, the latest rates stood at 44%.
  • Passing the CFA exam requires discipline, hard work and well planned preparation. It is a basic knowledge-based exam with a comfortable passing rate.
  • CFA institute does not reveal the minimum passing score officially. However, as per different CFA tutors it is estimated to be around 65-70% overall of the exam.
  • No, you are required to get an overall 65-70% score in the exam. It could be 50% in a few topics while 90% in some.
  • CFA certification is regarded as the most cost-effective qualification in comparison to MBA’s of high ranked university.
  • Yes, if either you have a four years professional experience in any field prior to registration or a combination of 2-years college life and 2-years work experience totaling four years in continuity not overlapping.
  • It depends and varies person to person as per his/her academic background, life stage, free time to study and other factors. However, CFA recommends to study for 300 hours ranging from 4 months to 10 months. On average 5-6 months seems sufficient time. For more clarity, it is advised to discuss one to one with our tutor.

Current Status

Yes

No

I am a Graduate from university

 

I have just passed my Inter or Alevels 

 

I have in my third year of graduation

 

I have four years professional work experience

 

I am an ACCA Affiliate 

 

I have earned my OBU degree through ACCA

 

I have completed my first year of graduation

 

I do not have a graduate degree but an equivalent certification 

 

I have a graduation in engineering

 

I have completed a two years BCOM and pursuing my bachelors. 

 
  • You should choose Sir Owais Mirchawala because of his 24/7 availability, providing support and also his immense teaching experience in the area of audit.

Yes

No, your graduation can be of any field like engineering, medical or etc. 

It depends on your prior experience but on average CFA level 1 salary is starts from $46,918 to $74,000 yearly as the top earners globally.

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