Cfa Authorized Calculators

Instantly verify if your calculator is permitted for the CFA exam.

What are CFA Authorized Calculators?

The CFA Institute enforces a strict calculator policy to ensure a level playing field for all candidates during the exam. This policy limits the types of calculators that can be used, preventing any unfair advantages that might come from models with programming capabilities or wireless communication. Only two specific models of business calculators are authorized for the exam: the Texas Instruments BA II Plus and the Hewlett Packard 12C. This rule applies to all levels of the CFA Program. Bringing an unauthorized calculator will result in it being confiscated, and you may face penalties, including having your exam results voided.

The Official CFA Institute Calculator Policy

The CFA Institute’s policy is clear and non-negotiable. The only two calculator families permitted are:

• Texas Instruments BA II Plus (including the BA II Plus Professional model)
• Hewlett Packard 12C (including the HP 12C Platinum, 12C Platinum 25th anniversary edition, 12C 30th anniversary edition, and HP 12C Prestige)

No other calculator, regardless of its functionality, is allowed. This includes other financial calculators, scientific calculators, or graphing calculators. It is your responsibility to bring an approved calculator and ensure it is in working order. Testing centers will not provide calculators or spare batteries.

Comparison of Officially Approved CFA Calculators

Model Family	Common Variants	Primary Input Method	Best For
Texas Instruments BA II Plus	Standard, Professional	Algebraic (AOS)	Beginners and those used to standard mathematical input.
Hewlett Packard 12C	Classic, Platinum, Prestige	Reverse Polish Notation (RPN)	Experienced finance professionals comfortable with RPN’s efficiency.

Practical Examples

Example 1: A Common Mistake

A candidate owns a powerful Texas Instruments TI-84 graphing calculator, which they used throughout university. They enter “TI-84” into the checker. The result immediately shows “Not Authorized”. This alerts the candidate that they must purchase an approved model before exam day.

Example 2: A Permitted Variant

Another candidate has the “HP 12C Platinum” version. They are unsure if “Platinum” is an accepted model. They enter “HP 12C Platinum” into the checker. The result shows “Authorized”, giving them confidence that their device complies with the CFA calculator policy.

How to Use This CFA Authorized Calculators Checker

Using this tool is straightforward. Follow these simple steps:

1. Locate the Model Name: Look at the front of your calculator. The model name is usually printed clearly at the top (e.g., “BA II PLUS PROFESSIONAL”).
2. Enter the Model: Type the full model name into the input field above.
3. Check the Status: Click the “Check Authorization” button.
4. Review the Result: The tool will instantly display whether your calculator is “Authorized” or “Not Authorized” based on the official CFA Institute policy.

For more study resources, you might be interested in our guide on {related_keywords}.

Key Factors That Affect the CFA Calculator Policy

• Fairness: The policy ensures that no candidate has an unfair technological advantage. All candidates use tools with the same fundamental capabilities.
• Exam Security: Prohibiting devices with text-storage or communication capabilities is crucial to prevent cheating.
• Focus on Concepts: The exam is designed to test your analytical skills and understanding of financial concepts, not your ability to operate a complex mini-computer.
• Uniformity: A standardized list of calculators makes the proctoring and inspection process consistent across all testing centers worldwide.
• Practicality: The approved models are industry-standard tools used by finance professionals, ensuring the skills you develop are relevant in the real world.
• Longevity: Both the TI BA II Plus and HP 12C have been trusted industry staples for many years, known for their reliability.

Understanding the {related_keywords} can also provide valuable context for your exam preparation.

Frequently Asked Questions (FAQ)

1. Can I bring two calculators to the exam?

Yes, you are allowed to bring a second calculator, as long as it is also an approved model. Many candidates bring a backup to avoid issues if one malfunctions or its battery dies.

2. Are calculator instruction manuals or keystroke cards allowed?

No, instruction manuals are strictly forbidden. However, keystroke cards that come with the calculator are generally permitted, as are calculator covers.

3. Do I need to clear my calculator’s memory before the exam?

Yes, proctors may inspect your calculator and will require you to clear its memory to ensure no notes or formulas are stored.

4. Is the ‘Professional’ or ‘Platinum’ version better?

These upgraded versions often have a better build quality, more memory, and slightly faster processors. For example, the TI BA II Plus Professional offers functions like Net Future Value (NFV). The choice is personal, but both standard and upgraded versions are sufficient for the exam.

5. Which calculator is better for beginners?

The Texas Instruments BA II Plus is widely recommended for beginners because its algebraic operating system is more intuitive and similar to standard calculators.

6. What happens if I bring an unauthorized calculator?

Proctors will confiscate the unauthorized calculator. Depending on the circumstances, this could lead to a formal incident report or even the voiding of your exam results.

7. Are spare batteries and screwdrivers allowed?

Yes, you may bring spare batteries and a small screwdriver to change them if needed.

8. Is a calculator mobile app allowed?

No. The use of mobile phones, tablets, or any device with a calculator app is strictly prohibited.

Learn more about {related_keywords} to improve your exam performance.

Related Tools and Internal Resources

As you prepare, leveraging the right tools is essential. Here are some other resources that may help you on your journey to becoming a CFA charterholder:

• {related_keywords}: Dive deep into the study strategies and topic weights for the first level of the exam.
• {related_keywords}: Understand the ethical framework that forms the backbone of the CFA program.
• {related_keywords}: Explore effective strategies for tackling the notoriously difficult Level II exam.
• {related_keywords}: Get insights on the final step in your CFA journey with our comprehensive guide.
• {related_keywords}: A comparison of the top review courses to help you choose the best prep provider.
• {related_keywords}: Plan your study schedule with our interactive tool.