CII J12: Calculation Workbook
- This is for you if… you need help with the calculations aspect of your J12 exam
- Free J12 calculation workbook taster
- Over 115 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
J12 PDF taster calculation workbook for free!
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J12 PDF Calculation Workbook
Valid for examinations from 1 September 2026 to 31 August 2027
Our best value study kit
Valid for examinations from 1 September 2026 to 31 August 2027
What calculations are included?
- Conversion Premium / Discount on Convertible Preference Shares
- Warrants
- Contracts for Difference (CFDs)
- Convertible Bonds
- Bond Pricing
- Interest Yield
- Gross Redemption Yield
- Modified Duration
- Annual Effective Rate (AER)
- Foreign Exchange
- Order-Driven Markets
- Scrip Dividends
- Rights Issues, Bonus Issues, and Share Splits
- Operating Margin
- Net Margin
- Return on Equity (ROE)
- Return on Capital Employed (ROCE)
- Gearing Ratio
- Interest Cover
- Working Capital Ratio
- Liquidity Ratio
- Debtor Turnover
- Stock Turnover
- Creditor Turnover
- Sales per Employee
- Earnings per Share (EPS)
- Price Earnings (PE) Ratio
- Dividend Cover
- Dividend Yield
- Price to Book Ratio
- Dividend Discount Models
- Net Asset Value (NAV)
- Capital Asset Pricing Model (CAPM)
- Investment Data
- Present Value
- Standard Deviation
- Sharpe Ratio
- Alpha
- Information Ratio
- Holding Period Return (or total return)
- Money-Weighted Rate of Return (MWR)
- Time-Weighted Rate of Return (TWR)
How will the J12 PDF calculation workbook help me to pass?
Many CII J12 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 is given in the CII J12 study text. Our calculation workbook for J12 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 CII J12 study text.

Gary Friel
Christopher Hargreaves






