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Brand Financial Training > CII AF4 Investment Planning Calculation Workbook

CII AF4: Calculation Workbook

  • Overview
  • Free taster
  • Full workbook
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AF4 PDF 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

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Everything you need for your best chance of passing first time
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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 Workbook
£49 Inc VAT
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Save 10% with our study kit packages
Everything you need for your best chance of passing first time
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Our best value study kits

Valid for examinations from 1 September 2025 to 31 August 2026

Silver
£84.60 Inc VAT
10% OFF
£94
Multiple mock papers - essential for exam practice and pin-pointing areas where more work is needed3 Full Sets of Mock Questions +
Calculation questions and step-by-step answers to ensure you are fully prepared for calculations that come up in your examCalculation Workbook +
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Gold
£128.70 Inc VAT
10% OFF
£143
Multiple mock papers - essential for exam practice and pin-pointing areas where more work is needed3 Full Sets of Mock Questions +
Calculation questions and step-by-step answers to ensure you are fully prepared for calculations that come up in your examCalculation Workbook +
A streamlined version of the learning outcomes and exam syllabus, plus self-test questionsRevision Notes +
Add To CartAdd To Cart

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.

  • "I'm now Chartered... I have sat six exams in a year - all supported by Brand and passed them all. Thank you!"
    Scott MiddletonScott MiddletonJ M Taylor, Aberdeen
  • "There is no doubt that without Brand Financial Training our road towards passing these exams would have been a lot steeper!! There is no doubt that R02 caused the most pain but without your comprehensive notes on formulas etc it would have been even more painful simply because the book was so bland."
    Mark CourageMark CourageDirector and Lifestyle Financial Planner, Encompass Financial Management Ltd, Berkshire
  • From completing my R01 exam in January 2018 to getting my result for my R06 exam in May 2019, Brand Financial Training have helped me work my way through Diploma in Regulated Financial Planning. I have found their Mock Exams and Calculation Workbooks particularly helpful and their R06 Case Study review was critical to me passing my R06 exam. I have recommended Brand Financial Training to my colleagues and wouldn’t hesitate to recommend them to my peers also.
    Matthew BiggsMatthew BiggsTrainee Independent Financial Planner, Liberty Partnership Ltd, Peterborough
  • "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 HargreavesChristopher HargreavesInvestment Adviser, Southport
  • 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 Training
    Sian ThomasSian ThomasFinancial Adviser, Hargreaves Lansdown Advisory Services, Bristol
  • "Brand's solution papers were massively helpful in my preparation for the R06 exam. The expected questions came up on the exam and I was well prepared to give answers that covered all the aspects that I needed to in order to get a good mark. Gained a very good pass so am very grateful to Brand for their support."
    Matt HignettMatt HignettIFA

Related Posts:

  • The CII AF4 September 2025 Exam in Review
    The CII AF4 September 2025 Exam in Review
  • How to Calculate Modified Duration
    How to Calculate Modified Duration
  • The CII AF4 March 2025 Exam IN REVIEW
    The CII AF4 March 2025 Exam in Review

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