The CFA Level II Program curriculum changes a little every year. Hence you need to be careful when working through past mock exams. The table below identifies item-sets which are still relevant for 2014. Some items-sets are partially relevant and have been indicated as such. I cannot guarantee that information presented here is 100% accurate. If you feel there is an error please post under this thread.
Regards,
Arif Irfanullah
| Exam | Questions | Topic | Comment | Relevant? |
| 2009 Mock AM | 01to6 | Ethics | | Yes |
| 2009 Mock AM | 07to12 | Quant | Autoregression | Yes |
| 2009 Mock AM | 13to18 | FRA | Intercorporate Investments | Yes |
| 2009 Mock AM | 19to24 | FRA | Multinational investments | Yes |
| 2009 Mock AM | 25to30 | CF | Corporate Governance, Dividend Policy | Yes |
| 2009 Mock AM | 31to36 | Equity | Industry analysis readings have changed | Partial |
| 2009 Mock AM | 37to42 | Equity | EVA, Residual Income | Yes |
| 2009 Mock AM | 43to48 | FIS | Credit Analysis | No |
| 2009 Mock AM | 49to54 | Der | Options, Equity Swap | Yes |
| 2009 Mock AM | 55to60 | PM | Multifactor models | Yes |
| 2009 Mock PM | 01to6 | Ethics | Research Objectivity Standards | Yes |
| 2009 Mock PM | 07to12 | FIS | ABS, CDOs, Tranching | Yes |
| 2009 Mock PM | 13to18 | FRA | Pension accounting, compensation expense | No |
| 2009 Mock PM | 19to24 | FRA | Free cash flow, quality of earnings | Yes |
| 2009 Mock PM | 25to30 | CF | Capital budgeting | Yes |
| 2009 Mock PM | 31to36 | Equity | Porter, Multiples, DuPont | No |
| 2009 Mock PM | 37to42 | Equity | Industry analysis readings have changed | Partial |
| 2009 Mock PM | 43to48 | FIS | MBS, CMO, PAC | Yes |
| 2009 Mock PM | 49to54 | Der | FX Options, Swaptions | Yes |
| 2009 Mock PM | 55to60 | PM | CAPM Assumptions, APT, IPS | Yes |
| 2010 Mock AM | 01to6 | Ethics | | Yes |
| 2010 Mock AM | 07to12 | Der | Forwards and Futures | Yes |
| 2010 Mock AM | 13to18 | FIS | Credit analysis has changed | Partial |
| 2010 Mock AM | 19to24 | PM | Portfolio allocation, risk and return | Yes |
| 2010 Mock AM | 25to30 | Alt | Commodities, Hedge Funds | No |
| 2010 Mock AM | 31to36 | FRA | Intercorporate Investments | Yes |
| 2010 Mock AM | 37to42 | FRA | Earnings Quality | Yes |
| 2010 Mock AM | 43to48 | CF | Economic vs accounting income, MACRS, NPV | Yes |
| 2010 Mock AM | 49to54 | Econ | Parity relations | No |
| 2010 Mock AM | 55to60 | Equity | FCFE Valuation | Yes |
| 2010 Mock PM | 01to6 | Ethics | | Yes |
| 2010 Mock PM | 07to12 | Der | Currency Forwards, FRAs | Yes |
| 2010 Mock PM | 13to18 | FIS | WAC, WAM, PSA, Credit and Prepayment Risk | Yes |
| 2010 Mock PM | 19to24 | PM | CAPM assumptions, APT, Multifactor models | Yes |
| 2010 Mock PM | 25to30 | FRA | Pension accounting, multi-national | No |
| 2010 Mock PM | 31to36 | FRA | Trading, HTM, AFS | Yes |
| 2010 Mock PM | 37to42 | Quant | Regression, t-value, p-value | Yes |
| 2010 Mock PM | 43to48 | CF | Dividend Policy, Operating Leverage, Financial Leverage, D/E | No |
| 2010 Mock PM | 49to54 | Equity | Residual Income, EVA, AFS | Yes |
| 2010 Mock PM | 55to60 | Equity | Equity returns, txn costs, ETF, ex-ante and ex-post alpha, Treynor Black | Yes |
| 2011 Mock AM | 01to6 | Ethics | | Yes |
| 2011 Mock AM | 07to12 | Der | Swaps | Yes |
| 2011 Mock AM | 13to18 | FIS | Term Structure, Duration, OAS, Valuation of Callable Bonds | Yes |
| 2011 Mock AM | 19to24 | PM | ICAPM | No |
| 2011 Mock AM | 25to30 | Alt | Real Estate, Private Equity | No |
| 2011 Mock AM | 31to36 | Quant | Regression, Autoregression | Yes |
| 2011 Mock AM | 37to42 | FRA | Earnings Quality | Yes |
| 2011 Mock AM | 43to48 | FRA | Intercorporate Investments | Yes |
| 2011 Mock AM | 49to54 | CF | M&M, Dividends | Yes |
| 2011 Mock AM | 55to60 | Equity | Porter, Industry Analysis readings have changed. | Partial |
| 2011 Mock PM | 01to6 | Ethics | | Yes |
| 2011 Mock PM | 07to12 | Der | Forwards, Options, Swaptions, CDS | Yes |
| 2011 Mock PM | 13to18 | FIS | Credit Analysis | No |
| 2011 Mock PM | 19to24 | PM | PM Process, Treynor Black | Partial |
| 2011 Mock PM | 25to30 | Econ | Growth Theories, Regulation | No |
| 2011 Mock PM | 31to36 | FRA | Pension accouting, compensation, corporate governance | Partial |
| 2011 Mock PM | 37to42 | FRA | Intercorporate Investments | Yes |
| 2011 Mock PM | 43to48 | CF | Cash flow, depreciation, NPV | Yes |
| 2011 Mock PM | 49to54 | Equity | FCFE, Valuation, H-Model | Yes |
| 2011 Mock PM | 55to60 | Equity | Valuation, Residual Income, Multiples | Yes |
| 2012 Mock AM | 01to6 | Ethics | | Yes |
| 2012 Mock AM | 07to12 | Der | Options, BSM, Greeks | Yes |
| 2012 Mock AM | 13to18 | FIS | Binomial, ABS, Theories, Prepayment | Yes |
| 2012 Mock AM | 19to24 | PM | Risk Return Objectives, Asset Allocation | Yes |
| 2012 Mock AM | 25to30 | Alt | Private Equity | Yes |
| 2012 Mock AM | 31to36 | Quant | Regression, ANOVA | Yes |
| 2012 Mock AM | 37to42 | FRA | Earnings Quality, LLA, FSA Tech | Yes |
| 2012 Mock AM | 43to48 | FRA | Intercorporate Investments, FSA Tech | Yes |
| 2012 Mock AM | 49to54 | Equity | FCFE, HHI | Yes |
| 2012 Mock AM | 55to60 | Equity | Return Concepts, Multi-factor | Yes |
| 2012 Mock PM | 01to6 | Ethics | Soft dollar standards | Yes |
| 2012 Mock PM | 07to12 | Econ | Growth Theories, Regulation | No |
| 2012 Mock PM | 13to18 | FRA | Pension accounting has changed | Partial |
| 2012 Mock PM | 19to24 | FRA | | Yes |
| 2012 Mock PM | 25to30 | CF | | Yes |
| 2012 Mock PM | 31to36 | Equity | | Yes |
| 2012 Mock PM | 37to42 | Equity | Industry analysis readings have changed | Partial |
| 2012 Mock PM | 43to48 | Der | | Yes |
| 2012 Mock PM | 49to54 | FIS | Credit Analysis | No |
| 2012 Mock PM | 55to60 | PM | Portfolio concepts is relevant, international asset pricing is not | Partial |
| 2013 Mock AM | 01to6 | Ethics | | Yes |
| 2013 Mock AM | 07to12 | Der | | Yes |
| 2013 Mock AM | 13 to 18 | FIS | | Yes |
| 2013 Mock AM | 19 to 24 | PM | | Yes |
| 2013 Mock AM | 25 to 30 | ALT | | Yes |
| 2013 Mock AM | 31 to 36 | Quant | | Yes |
| 2013 Mock AM | 37 to 42 | FRA | | Yes |
| 2013 Mock AM | 43 to 48 | FRA | | Yes |
| 2013 Mock AM | 49 to 54 | CF | | Yes |
| 2013 Mock AM | 55 to 60 | Equity | | Yes |
| 2013 Mock PM | 01to6 | Ethics | | Yes |
| 2013 Mock PM | 07to12 | Der | Q12 is not relevant | Partial |
| 2013 Mock PM | 13 to 18 | FIS | Credit analysis reading has changed | Partial |
| 2013 Mock PM | 19 to 24 | PM | Relevant except for Q22 | Partial |
| 2013 Mock PM | 25 to 30 | Econ | | Yes |
| 2013 Mock PM | 31 to 36 | FRA | | Yes |
| 2013 Mock PM | 37 to 42 | FRA | | Yes |
| 2013 Mock PM | 43 to 48 | CF | | Yes |
| 2013 Mock PM | 49 to 54 | Equity | | Yes |
| 2013 Mock PM | 55 to 60 | Equity | | Yes |