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 Brand training material certainly helps you to focus on the key information required and get straight to the salient facts. Having to read all of RO4 and JO5 was daunting but by using the notes as a guide it helped me to condense a lot of this information quickly ."
Mandy SaundersVerifier - "At the age of 20 I became the youngest person to hold the CII Diploma. I achieved this through hard work and the use of resources including those provided by Brand Financial Training; in particular the mock exams, study notes and the extremely helpful Calculation Workbooks. I'm now moving forward with the Advanced Diploma and continue to use Brand Financial Training's resources to aid my progression to Chartered Status. I certainly recommend them."Josh ButtenMDG MK, Milton Keynes
- "I passed R02 - No doubt thanks to your fantastic workbook which helped no end! With the extra work that I did going through your workbook, this helped a great deal with feeling confident which in this exam particularly was useful given that the technique and timing is as important as the knowledge and skill in ensuring that you get through the questions in a timely manner. One could so easily become distracted or frustrated trying to work out/remember one particular formula to the deficit of the other questions but your workbook enabled me to feel glad that there were so many calculations in the exam whereby before I actually feared them."David GunnAdviser, Nottingham
- "I would like to say a big thank you for the quality, depth, clarity and effectiveness of the study material packages which I used for the RO2, RO3 and RO6 exams allowing me to attain the Diploma in Regulated Financial Planning."Antony GummersonClient Support, W Denis Financial Services, Leeds
- "The calculation work book for AF4 was really helpful. A question on Return on Equity came up and I'd literally only come across this in the Brand workbook. Glad to say I passed the exam with flying colours!"Russell HammondSenior Partner, London
- 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
Mandy Saunders
Josh Butten
David Gunn
Gary Friel
