- CFA Exams
 - 2025 Level I
 - Topic 3. Corporate Issuers
 - Learning Module 4. Working Capital and Liquidity
 
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Learning Outcome Statements PDF Download
| 1. Cash Conversion Cycle explain the cash conversion cycle and compare issuers' cash conversion cycles  | |
| 2. Liquidity explain liquidity and compare issuers' liquidity levels  | |
| 3. Managing Working Capital and Liquidity describe issuers' objectives and compare methods for managing working capital and liquidity  | 
      I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
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