CFA Level 1 Financial Statement Analysis mock test: common questions

CFA Level 1 Financial Statement Analysis Mock Test 2026: Free Practice Questions

This is a free, full length Financial Statement Analysis practice set for the 2026 CFA Level 1 exam, with 100 questions in the same format and difficulty as the real paper. Financial Statement Analysis carries an exam weight of 11 to 14 percent of CFA Level 1, so it is worth benchmarking your score here before deciding where the rest of your study time goes. No signup is needed to attempt Set 1.

The questions span income statements, balance sheets, cash flow statements, inventories, long lived assets, income taxes, non current liabilities and financial reporting quality. Every question is written to the current 2026 Level 1 curriculum, which is unchanged from 2025, so your score is a fair read on where you stand today.

Sno Exam Name Who Should Pass this Exam? Test Duration Fees (Rs) Maximum Marks No. of Questions Pass Mark (%) Negative Marks Cert. Validity (In years) Purchase
1
CFA Level 1 Financial Statement Analysis Set 1 CFA Level 1 candidates preparing for the 2026 exam who want to benchmark their Financial Statement Analysis score before the final revision phase. 180 Free 100 100 70 0 - Start Free
2
CFA Level 1 Financial Statement Analysis Set 2 - 180 7 100 100 70 0 - Add to cart
3
CFA Level 1 Financial Statement Analysis Set 3 - 180 7 100 100 70 0 - Add to cart
4
CFA Level 1 Financial Statement Analysis Set 4 - 180 7 100 100 70 0 - Add to cart
5
CFA Level 1 Financial Statement Analysis Set 5 - 180 7 100 100 70 0 - Add to cart
6
CFA Level 1 Financial Statement Analysis Set 6 - 180 7 100 100 70 0 - Add to cart
7
CFA Level 1 Financial Statement Analysis Set 7 - 180 7 100 100 70 0 - Add to cart
8
CFA Level 1 Financial Statement Analysis Set 8 - 180 7 100 100 70 0 - Add to cart
9
CFA Level 1 Financial Statement Analysis Set 9 - 180 7 100 100 70 0 - Add to cart
10
CFA Level 1 Financial Statement Analysis Set 10 - 180 7 100 100 70 0 - Add to cart
Best value

Unlock all 9 sets for less than a coffee

You have seen what Set 1 looks like. Sets 2 to 10 are where the real preparation happens: 900 more Financial Statement Analysis questions, every one with a worked explanation.

  • 900 additional questions covering every learning module
  • Each set timed at 3 hours so you practise without clock pressure
  • Topic wise score report that pinpoints your weak modules
  • One payment, lifetime access, nothing to renew
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Unlock all 9 sets for Rs 200
That is about 22 paise per question.
Buying the 9 sets one at a time costs Rs 261. Set 1 stays free forever.

Financial Statement Analysis is one of the three heavyweight topics at Level 1 and it underpins Equity Investments as well, so time invested here pays twice. Inventory and long lived asset questions are the most common source of avoidable errors.

Attempt this set under timed conditions, then use your topic report card to decide what to revise rather than restudying everything evenly. Sets 2 to 10 extend this bank to 1,000 Financial Statement Analysis questions. You can browse every topic and full length paper on the CFA exam mock tests hub.

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