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CISI Wealth Management
CISI Financial Markets Exam Preparation (UK)
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
Exams Academy exclusive
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
Self-Paced Learning
Certificate of Completion
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
5 marks available. Use the mark allocation to judge how much relevant detail to include.
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
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
- 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
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.
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.
No. For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity. Confirm the requirement with the employer and regulator before booking.
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Financial Markets. Confirm the current workbook edition and read Candidate Updates before booking.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
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
CISI Financial Markets Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
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CISI Financial Markets
Course Features
🇬🇧 Local market guide
CISI Financial Markets in the United Kingdom: pathway, booking and careers
Review how CISI Financial Markets connects to regulation, qualification pathways, booking, currency and careers in the United Kingdom before paying the official exam fee.
Regulator and qualification pathway
For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity.
Financial Conduct AuthorityBooking and official examination
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Financial Markets. Confirm the current workbook edition and read Candidate Updates before booking.
Find a CISI test centreCareer and employer context
Match the course syllabus to the knowledge needed for your intended role. UK regulated activities may require a particular qualification or combination of units; confirm the requirements with your employer.
Price and currency
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Market-specific reading
Understand the pathway before booking
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CISI Financial Markets
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