CII AF4: Calculation Workbook
- This is for you if… you need help with the calculation aspect of your AF4 exam
- Free AF4 calculation workbook taster
- Over 140 pages of calculation questions and answers
- Full step-by-step answers for every question
- Detailed explanations for each answer
- Cross-references to the relevant CII study text
- Kept up to date to reflect changes to the exam syllabus and tax year
- Download instantly in PDF format and print as required
AF4 PDF taster calculation workbook for free!
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AF4 PDF Calculation Workbook
Valid for examinations from 1 September 2025 to 31 August 2026
AF4 Calculation WorkbookOur best value study kits
Valid for examinations from 1 September 2025 to 31 August 2026
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What calculations are included?
- Conversion Premium/Discount on Convertible Bonds
- Interest Yield
- Redemption Yield
- Modified Duration
- Rights Issues and Bonus Issues
- Share Splits
- Property Rental Yields
- Futures
- Capital Asset Pricing Model (CAPM)
- Sharpe Ratio
- Alpha
- Information Ratio
- Stamp Duty / Stamp Duty Reserve Tax
- Earnings per Share
- Dividend Yield
- Dividend Cover
- Price Earnings (P/E) Ratio
- Net Asset Value (NAV)
- Basic Compound Interest Formula
- Effective Annual Rate of Interest (EAR), Annual Percentage Rate (APR) / Annual Equivalent Rate (AER)
- Present Value
- Accumulating and Discounting Regular Savings
- Real Returns and Nominal Returns
- Net Present Value (NPV)
- Investment Trusts – Diluted and Undiluted NAV
- Taxation of Dividends
- Taxation of Investment Bonds
- Holding Period Return and Relative Return
- Money-Weighted Rate of Return
- Time-Weighted Rate of Return
- Standard Deviation
- Return on Equity (ROE)
- Return on Capital Employed (ROCE)
- Gearing Ratio
- Liquidity Ratio
- Operating Margin
- Net Margin
- Interest Cover
- Working Capital Ratio
- Debtor Turnover
- Stock Turnover
- Creditor Turnover
- Sales per Employee
- Dividend Discount Models
- Pay-Out Ratios
- Portfolio Performance
How will the AF4 PDF calculation workbook help me to pass?
Many CII AF4 exam-takers lose vital marks when it comes to performing calculations as they haven’t nailed down the exact process and order in which to perform the calculations, and haven’t spent enough time practising them.
The number of marks gained or lost on calculation questions can make the difference between a pass and a fail. Just a little more time taken on calculations during the revision period can give you the confidence you need to perform the calculations that are likely to come up in your exam, so that you know you will gain top marks on all those calculation questions.
Unfortunately, not enough calculation practice and help are given in the CII AF4 material. Our calculation workbook for AF4 solves this problem by helping you decipher and extract the necessary information from a calculation question and provides calculation questions with full step-by-step answers, detailed explanations, and cross-references to the relevant CII study text.
- “The hard work needed to get through exams is paying off. Many more advisers have been inspired to learn and work hard. My old boss told me once – we don’t sell widgets – we sell knowledge, trust and confidence. Knowledge is a key component - the trust equation is a whole different subject, but many more advisers have been on a learning journey that is sure to continue - and the stats prove it. Well done to everyone at Brand for supporting them on that journey."
John ReynoldsExpert Pensions, Edinburgh - "I'm now Chartered... I have sat six exams in a year - all supported by Brand and passed them all. Thank you!"Scott MiddletonJ M Taylor, Aberdeen
- I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . The material helped me pass J10 and AF4 first time with very little time to study. Excellent value for money! Thank you Brand Financial TrainingSian ThomasFinancial Adviser, Hargreaves Lansdown Advisory Services, Bristol
- "Pleased to inform you I passed! I just want to thank you for your calculation work book as I would not have Passed without it. Thanks for an excellent personal service and encouragement."Christopher HargreavesInvestment Adviser, Southport
- I gained Chartered Financial Planner status in early 2017 and wanted to thank you for your support throughout my years of study to attain this qualification. It was a hard slog at times but worth it in the end. I have used Brand material for all exams, bar the G60 exam back in 1998, and have found it invaluable. It has always cut through the rather bland CII material and made study far more palatable. Brand has continued to evolve and improve the delivery of the learning material which has proved to be a fantastic investment.Gary FrielChartered Financial Planner, Kent Insurance Services, Sittingbourne
- "I have used Brand Financial Training for many of my CF & R0 exams. Each module has done exactly what it days on the tin, and it helps you pass your exams. The material is very detailed, but not to the point it's overwhelming. It complements the CII coursework, but gives you a detailed understanding of the topics and puts your theory into practice. I have a 100% success rate so far, and I wouldn't hesitate to recommend the service to any of my colleagues or friends."Leanne TraceySenior Customer Consultant, Standard Life Direct
John Reynolds
Sian Thomas
Christopher Hargreaves
Gary Friel
Leanne Tracey
