CISI Wealth Management

CISI Financial Markets Exam Preparation

Structured preparation for Financial Markets, the first Level 6 unit in the three-unit CISI Chartered Wealth Manager Qualification.

7 required answers with published question choices Detailed Study Notes Written-answer focused revision

Try a written Financial Markets answer

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Financial Markets is a written exam — train for it here

This practice paper contains 7 required answers with published question choices.

Write your own answers, manage 100 available marks within the published 3-hour time limit, and receive criteria-based practice feedback after submission.

Preview one sample question

Responses: 7 required answers with published question choices
Marks: 100 available marks
Time: 3 hours exam-conditions option
Selection: Practice question choices enforced
Feedback: Written-answer criteria after submission

Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.

5 mock exams / unlimited practice

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Full Chapter Audio Lessons New

Listen to extended lessons covering the examinable rules, numbers and traps in every chapter.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

Free exam-practice preview

Type your answer. See which marking points you covered.

Try one 5-mark Financial Markets written question. After you submit, you’ll receive a clear breakdown of the points your answer covered and what to improve.

Question (a)

Calculate5 marks

ScenarioCurrent assets are £300,000 including £120,000 inventory; current liabilities are £150,000.

Calculate current and quick ratios, explain the inventory adjustment, and give one limitation of inferring payment capacity from them.

5 marks available. Use the mark allocation to judge how much relevant detail to include.

Your answer

Enter at least 10 characters. Do not enter real client or personal information.0 / 6,000

Syllabus

Module 1: Macroeconomics Professional Assessment

🎧 Audio

Study macroeconomic concepts through our official-source supplement. CISI delivers this outcome through a separate Professional Assessment; we do not reproduce that assessment.

• Economic growth, inflation and employment
• Monetary and fiscal policy
• Business, credit and market cycles

Module 2: Financial Statement Analysis and Accounting Ratios

Analyse company accounts, accounting policies, cash flow and ratios to evaluate financial position and performance.

• Primary financial statements
• Accounting quality and adjustments
• Profitability, liquidity and leverage ratios

Module 3: Compounding, Discounting and Bond Mathematics

Apply time-value-of-money methods, discounting, yields, duration and other calculations used in security analysis.

• Compound and present values
• Bond price and yield
• Duration, convexity and sensitivity

Module 4: Liquidity, Risk and Return Characteristics

Evaluate liquidity, risk and return across investments and understand the factors that influence market behaviour.

• Liquidity measures and constraints
• Risk and return measures
• Correlation and diversification

Module 5: Bonds

Evaluate government and corporate debt, structures, credit, valuation, yield curves and bond-market risks.

• Bond structures and markets
• Credit and default risk
• Yield curves and relative value

Module 6: Equities

Analyse equity markets, company performance, valuation approaches, corporate actions and shareholder returns.

• Equity characteristics and markets
• Company and sector analysis
• Equity valuation and corporate actions

Module 7: Property and Alternative Investments

Compare property, commodities, private markets, hedge funds and other alternatives in an investment context.

• Direct and indirect property
• Private equity and hedge funds
• Commodities and alternative risk

Module 8: Derivatives

Evaluate forwards, futures, options and swaps, including their valuation, payoff structures and risk-management uses.

• Forwards and futures
• Options and option strategies
• Swaps, hedging and counterparty risk

Module 9: The Securities Market Structure

Understand issuance, trading, liquidity, market participants, clearing, settlement and the organisation of securities markets.

• Primary and secondary markets
• Trading venues and order execution
• Clearing, settlement and market infrastructure

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Interactive preview

Free CISI Financial Markets Written Exam Sample Questions

Try 15 CISI Financial Markets answer-planning prompts from Chapter 1: Application of Financial Statement Analysis and Accounting Ratios

Practice CISI Financial Markets written-exam answer planning with sample prompts and model structures, then unlock all five planning sets and chapter study tools.

Exam Practice

Chapter 1: Application of Financial Statement Analysis and Accounting Ratios

Scenario 1 of 15

A company buys equipment for cash and later records depreciation. Which statement is correct?

1 / 15

Flashcards

Card 1 of 10Accounting and Macroeconomics

Question

Which expenditure belongs as a subtraction in GDP = C + I + G + X − M?

Tap to reveal answer

Focus Learn

Key Written-Exam Areas7

LO1.1–1.4 supplement: economic principles, indicators, international comparisons and fiscal/monetary transmission
LO2.1: financial position, income, cash flow and consolidated accounts
LO2.2: ESG reporting, materiality and greenwashing
LO2.3–2.7: profitability, liquidity, working capital, gearing and growth
LO2.8–2.9: basic and diluted EPS, corporate actions, yields and dividend cover
LO2.10–2.11: accounting distortions, interpretation, trend and common-size analysis
LO2.12: fintech applications and risks in analysis

Written-Answer Pitfalls to Avoid4

Exam Traps4

Key Numbers10

Chapter 1: Application of Financial Statement Analysis and Accounting Ratios

Macroeconomics supplement — Learning Outcome 1. The printed Financial Markets workbook begins with accounting and places macroeconomics in a separate CISI Professional Assessment. This supplementary teaching follows the four published Financial Markets objectives using the official CISI Economics and Markets for Wealth Management macroeconomics chapter. It does not reproduce the separate Professional Assessment.

Economics examines how scarce resources are allocated among competing uses. Households supply factors of production and buy output; firms use land, labour, capital and enterprise and pay the corresponding incomes. The real flows of resources and goods have monetary counterparts. Investment, government spending and exports inject expenditure; saving, taxes and imports are leakages.…

Unlock all Focus Learn

Open every chapter’s key areas, pitfalls, exam traps and key numbers.

Adaptive study tools

Focus weak topics, learn with feedback, then switch to exam conditions.

Practice modes

Learn first. Then prove you’re ready.

Learn with feedback, then switch to exam conditions.

Study Mode

Instant feedback & explanations

See the answer and explanation after each choice.

Practice Mode

Timed answer-planning practice

Use the timer, keep answers hidden, then review your result.

Preparation Package at a Glance

Feature	Exams Academy	Details
Access Period	Lifetime Access	One-time enrollment with no recurring fee
Answer-Planning Practice	Unlimited Retakes
Study Support	Instant 24/7 AI Tutor	Self-service AI support; live instructor support is not included
Cost	$199 (One-Time)	One-time payment with no recurring subscription

Frequently Asked Questions

Financial Markets is a three-hour, 100-mark narrative examination. Section A requires four five-mark answers selected from six, Section B contains two compulsory 20-mark questions, and Section C is a compulsory 40-mark case-study section.

No. Financial Markets is the first unit. The qualification also includes Portfolio Construction Theory and Applied Wealth Management, subject to the current CISI entry and completion requirements.

Macroeconomics is the first official learning outcome but is delivered through a separate CISI online Professional Assessment. The supplied workbook covers the other eight outcomes in eight chapters.

The official workbook recommends approximately 200 hours across the workbook, the Professional Assessment, formal tuition where used and wider reading.

No. This course is the CISI Financial Markets unit within the Chartered Wealth Manager Qualification. GARP Financial Markets and Products is a different FRM curriculum book and examination route.

The course includes five original written papers with the official choice rules and mark structure, plus 205 answer-planning questions across five sets. Written feedback is a practice estimate, not an official CISI grade.

Financial Markets is assessed in writing. This original practice paper provides 180 minutes and 100 practice marks, with 7 required answers with published question choices. These practice counts do not establish the official paper structure. Marking guidance stays hidden until submission. Try the free written-answer preview.

Key Benefits

Three-section written-exam method

Prepare the different response skills required for concise short answers, compulsory applied questions and the 40-mark case study.

✓ Four short answers from six
✓ Two compulsory 20-mark questions
✓ Compulsory 40-mark case study

Complete markets foundation

Connect accounting analysis and bond mathematics with asset classes, derivatives and securities-market structure.

✓ Eight workbook chapters
✓ Nine official learning outcomes
✓ Quantitative and written application

Qualification-route clarity

Study Financial Markets as the first unit while keeping its place in the three-unit Chartered Wealth Manager pathway clear.

✓ First Level 6 unit
✓ Three-unit qualification route
✓ Not the complete Level 7 Diploma

Exam Format & Details

Assessment	Three-hour narrative written paper: four short answers from six, two compulsory 20-mark questions and a compulsory 40-mark case-study section
Duration	180 Minutes
Level	CISI Level 6
Total Qualification Time	200 hours

Prepare for the CISI Financial Markets examination

Financial Markets is the first unit in the CISI Chartered Wealth Manager Qualification. It is a Level 6 written examination, not the complete Level 7 Diploma. Candidates then progress through Portfolio Construction Theory and Applied Wealth Management, subject to the current CISI qualification requirements.

The official workbook contains eight study chapters. The official syllabus contains nine learning outcomes because Macroeconomics is delivered through a separate CISI online Professional Assessment rather than a workbook chapter. Our course includes a clearly identified macroeconomics supplement grounded in official CISI material and maps the remaining eight outcomes to financial-statement analysis, bond mathematics, liquidity and risk, bonds, equities, property and alternatives, derivatives, and securities-market structure.

The formal assessment is a three-hour, 100-mark narrative paper. Section A requires four short answers selected from six for 20 marks. Section B contains two compulsory 20-mark questions. Section C is a compulsory 40-mark case-study section. The course provides five original written papers following this structure, with typed answers and criteria-based practice feedback. A further 205 answer-planning questions across five sets support focused revision, alongside eight chapter lessons, 169 flashcards, 169 reference entries and a source-grounded AI tutor. Practice feedback and the internal 70% mastery target are not official CISI grades or pass predictions.

The course follows the official syllabus applicable to the published 2026 examination window. The official addendum and the later CISI Candidate Update override any affected workbook wording or calculations. Always confirm the latest official CISI syllabus and Candidate Update for your sitting; this page records the year so the general guidance remains useful when individual amendments are issued.

Who Is This For?

✓ Candidates beginning the CISI Chartered Wealth Manager Qualification

✓ Candidates preparing specifically for the Financial Markets written examination

✓ Wealth managers, private bankers, investment advisers and portfolio professionals

✓ Practitioners strengthening financial-statement, bond, equity and derivatives analysis

Preparation centre

Use these connected guides for the syllabus, exam format, booking and revision strategy.

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Exam format

CISI Financial Markets Exam Guide: Format, Syllabus and Study Plan

Understand the CISI Financial Markets Level 6 exam format, nine learning outcomes, eight workbook chapters and a practical study plan for 2026 in one guide.

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