Cfa Permitted Calculators






CFA Permitted Calculators: The Ultimate 2026 Guide & Policy Checker


CFA Permitted Calculators Checker

Instantly verify if your model is one of the official cfa permitted calculators for exam day. Get clarity on the strict CFA calculator policy.

Is Your Calculator Approved?


Choose your calculator model from the list. The policy for cfa permitted calculators is very specific.


The calculator policy is the same for all exam levels.


Dynamic visualization of the result.

Your Selection

Official CFA Policy

What Are CFA Permitted Calculators?

CFA permitted calculators are the only electronic calculating devices authorized by the CFA Institute for use during the Chartered Financial Analyst (CFA) exams. The CFA Institute maintains a very strict calculator policy to ensure a level playing field for all candidates and to prevent any possibility of bringing in devices with stored text or wireless communication capabilities. As of 2026, possessing an unapproved calculator during the exam is a policy violation that can result in the voiding of your exam results.

This policy is a critical component of exam administration. Every candidate, regardless of their background or location, must adhere to the same rules. The list of cfa permitted calculators is intentionally short and specific, consisting of only two basic model types. This uniformity ensures that no candidate has an unfair technological advantage. If you are preparing for the exam, obtaining one of the cfa permitted calculators should be a top priority. You can find more details in our guide on the how to prepare for the CFA exam.

Common Misconceptions

  • Any financial calculator is fine: This is incorrect. Many powerful financial calculators, like the HP 17BII+ or TI-83/84 series, are explicitly forbidden. Only the specified models are allowed.
  • The test center provides calculators: This is false. You must bring your own approved calculator. Test centers do not provide them.
  • Calculator apps are allowed: Absolutely not. Phones, smartwatches, or any device with communication abilities are strictly prohibited in the testing room.

CFA Calculator Policy and Official Guidelines

The core of the policy regarding cfa permitted calculators is simplicity and fairness. The CFA Institute explicitly lists the only two families of calculators that are authorized. This policy has been in place for many years and applies to all three levels of the CFA exam. The primary reason for this strictness is to prevent candidates from using calculators with text-storage or programming capabilities, which could be used to cheat.

During check-in on exam day, proctors will physically inspect your calculator to ensure it is an approved model. They will also likely ask you to clear the calculator’s memory to ensure no data is stored. Failure to comply or being found with an unapproved model will lead to severe consequences. Therefore, understanding and respecting the rules for cfa permitted calculators is not just a suggestion; it’s a requirement for a successful exam day. The policy ensures that your analytical skills are being tested, not your ability to use a high-powered machine. For a deeper look into the rules, check out the official CFA exam calculator policy.

Policy Details Table

Key aspects of the official CFA calculator policy.
Aspect Official Rule / Guideline Importance
Approved Models TI BA II Plus (incl. Pro) & HP 12C (incl. Platinum/Prestige) Critical
Prohibited Features Graphing, programming, text storage, internet access Critical
Exam Day Inspection Calculators are inspected by proctors before the exam. High
Memory Clearing You will be required to show you have cleared your calculator’s memory. High
Backup Calculators You may bring a second, approved calculator. Many candidates do. Recommended
Accessories Calculator covers, keystroke cards, and loose batteries are permitted. Manuals are not. Important

Practical Examples (Real-World Use Cases)

Example 1: The Prepared Candidate

A candidate plans to take the CFA Level I exam. They purchase a Texas Instruments BA II Plus Professional. Before exam day, they use our cfa permitted calculators checker and select their model. The tool confirms their choice is “Permitted.” This gives them peace of mind. On exam day, their calculator passes inspection without issue, and they can focus solely on the test questions.

Example 2: The Unprepared Candidate

Another candidate, used to their university coursework, brings a TI-84 Plus graphing calculator to the test center. They did not check the official CFA calculator policy. During inspection, the proctor identifies the calculator as a prohibited model. The candidate is not allowed to take the calculator into the exam room. Since they have no backup, they must take the entire exam without a calculator, severely jeopardizing their chance of passing. This scenario highlights the critical importance of having one of the approved cfa permitted calculators.

How to Use This CFA Permitted Calculators Checker

This tool is designed for simplicity and speed, helping you verify your calculator choice against the official list of cfa permitted calculators in seconds.

  1. Select Your Model: Choose your calculator’s make and model from the “Select Your Calculator Model” dropdown list. We’ve included all approved models and several common, non-approved models.
  2. Choose Your Level: Select your CFA exam level. While the policy for cfa permitted calculators is consistent across all levels, this step helps confirm the context.
  3. Review the Result: The tool instantly provides a “Permitted” or “Not Permitted” verdict. The color of the result box and the icon provide a clear visual cue.
  4. Read the Details: The intermediate results boxes show your selection and the specific policy rule that applies, giving you a clear explanation for the verdict.

Making a decision on which model to use can be influenced by your background. Explore our article on understanding RPN calculators if you’re considering the HP 12C.

Key Factors: Choosing Between CFA Permitted Calculators

Once you know the approved models, the next question is which of the cfa permitted calculators is right for you? This decision usually comes down to the Texas Instruments BA II Plus vs. the Hewlett Packard 12C. Here are the key factors to consider.

Comparison of the two approved CFA calculator models.
Factor Texas Instruments BA II Plus / Professional Hewlett Packard 12C / Platinum
Entry Logic Algebraic (AOS) – e.g., 2 + 3 = 5. Very intuitive for most users. Reverse Polish Notation (RPN) – e.g., 2 Enter 3 + . More keystrokes but can be faster for complex calculations once mastered.
Learning Curve Low. Most people can pick it up and use it within minutes. High. RPN feels unnatural to many new users and requires dedicated practice.
Popularity Extremely popular among CFA candidates. Most prep materials use it for examples. A classic in the finance industry, but less common among new candidates.
Key Functions Worksheet-based functions for TVM, Cash Flow (NPV/IRR), Bonds, and Depreciation are very user-friendly. Powerful and efficient for experienced users, but functions are less guided than the TI’s worksheets.
Build & Feel The standard model is plastic. The Professional version has a better feel and a metal case. Often praised for its professional look, solid build quality, and responsive keys.
Cost Generally more affordable than the HP 12C models. Typically more expensive, sometimes significantly so.

Ultimately, the best choice is the one you are most comfortable with. However, for the vast majority of candidates, the TI BA II Plus is the recommended and safer choice due to its intuitive operation and the prevalence of learning materials that use it. It’s a key part of your toolkit, much like a good investment return calculator.

Frequently Asked Questions (FAQ)

1. Can I bring two cfa permitted calculators to the exam?

Yes. The CFA Institute allows you to bring more than one approved calculator into the exam room. Many candidates bring a backup—either the same model or one of each type—as a precaution against battery failure or malfunction. Both calculators will be inspected.

2. What is the difference between the BA II Plus and the BA II Plus Professional?

The Professional version has a sturdier, metal build, no-slide rubber feet, and a few extra worksheet functions like Net Future Value (NFV) and Modified IRR (MIRR). While these extra functions are not strictly necessary for the exam, some candidates prefer the superior build quality. Both are fully compliant cfa permitted calculators.

3. What happens if my calculator’s battery dies during the exam?

If you do not have a backup calculator, you will have to complete the exam without one. Test proctors will not provide batteries or a replacement calculator. You are allowed to bring spare batteries and a small screwdriver, but changing them mid-exam is stressful and wastes valuable time. A backup calculator is a better strategy.

4. Do I need to clear my calculator’s memory?

Yes. Proctors will likely ask you to demonstrate that you have cleared the memory of your cfa permitted calculators before the exam begins. It’s best to know how to do this quickly. For the TI BA II Plus, this is typically done via the [2nd] [RESET] function.

5. Is the HP 12C’s RPN logic hard to learn?

For many people, yes. RPN (Reverse Polish Notation) requires you to enter your numbers first, then the operator. It can be more efficient once mastered but feels counter-intuitive if you’re used to standard algebraic calculators. If you’re new to financial calculators, the TI BA II Plus is a much safer bet. Learning RPN is not a productive use of valuable CFA study time.

6. Are keystroke cards or calculator covers allowed?

Yes. According to the official CFA calculator policy, you can bring the calculator’s cover and any keystroke cards that came with it. However, you cannot bring the full instruction manual.

7. Where is the best place to buy cfa permitted calculators?

They are widely available online from retailers like Amazon, as well as office supply stores. The TI BA II Plus is often sold in university bookstores as well. The CFA Institute provides links to distributors but does not endorse or profit from sales.

8. Why isn’t a more advanced scientific calculator on the list of cfa permitted calculators?

The CFA Institute’s goal is to ensure fairness and prevent cheating. Advanced scientific or graphing calculators often have extensive memory for storing notes, formulas, or even entire programs, which would compromise the integrity of the exam. The limited list of cfa permitted calculators ensures everyone uses a basic, non-programmable tool.

© 2026 Your Company Name. All Rights Reserved. This tool is for informational purposes only and does not represent official CFA Institute policy. Always consult the official CFA Institute website for the most current information on cfa permitted calculators.



Leave a Comment

Cfa Permitted Calculators






CFA Permitted Calculators: Eligibility Checker & Guide


CFA Permitted Calculators

The CFA Institute enforces a strict calculator policy to ensure fairness and integrity during exams. Only specific models are allowed. Use our CFA Permitted Calculators eligibility checker below to see if your device meets the requirements for the CFA exam.

CFA Calculator Eligibility Checker


Select the brand of your calculator.


Enter the model name/number exactly as it appears on the calculator.
Model cannot be empty.


Official List of CFA Permitted Calculators

Brand Approved Models Primary Input Method
Texas Instruments BA II Plus (including BA II Plus Professional) Algebraic
Hewlett Packard 12C (including Platinum, 25th/30th anniversary, and Prestige editions) Reverse Polish Notation (RPN)
Table 1: The only two families of CFA permitted calculators for all exam levels.

Comparison: TI BA II Plus vs. HP 12C

Feature comparison of CFA permitted calculators High Mid Low Ease of Use Price TI BA II Plus HP 12C

Chart 1: A general comparison of the two CFA permitted calculators. The TI BA II Plus is generally seen as easier to learn, while the HP 12C can be more expensive.

What is a CFA Permitted Calculator?

A CFA permitted calculator is one of the specific electronic calculator models that the CFA Institute has officially approved for use during its rigorous series of professional exams. To maintain fairness and prevent cheating, the Institute strictly limits candidates to just two families of calculators: the Texas Instruments (TI) BA II Plus and the Hewlett Packard (HP) 12C. This policy ensures that all candidates use tools with comparable functionality and no unapproved features like programmability or internet access.

Who Should Use This Guide?

This guide is essential for anyone registered for a CFA exam (Level I, II, or III). Understanding the rules around CFA permitted calculators is not just a recommendation; it is a mandatory requirement. Failure to comply can result in having your exam results voided. This guide is also useful for finance students and professionals who want to use the same tools favored by charterholders.

Common Misconceptions

A frequent mistake candidates make is assuming any business or financial calculator is acceptable. This is incorrect. Advanced scientific calculators, graphing calculators, or even other financial models from TI or HP are strictly forbidden. Another misconception is that you can borrow a calculator at the test center; you must bring your own approved device. The policy on CFA permitted calculators is inflexible.

CFA Permitted Calculators: The “Formula” of Eligibility

Unlike a financial calculation, determining if a device is a CFA permitted calculator doesn’t involve a mathematical formula. Instead, it follows a strict logical rule-set defined by the CFA Institute. The “calculation” is a simple check against an approved list. The core logic is: Is the calculator model a member of the ‘Texas Instruments BA II Plus’ family OR the ‘Hewlett Packard 12C’ family?

Step-by-Step Logic

  1. Identify the Brand: Is it ‘Texas Instruments’ or ‘Hewlett Packard’? If not, it is not a CFA permitted calculator.
  2. Identify the Model Series: If the brand is Texas Instruments, does the model name contain ‘BA II Plus’? If the brand is Hewlett Packard, does the model name contain ’12C’?
  3. Check for Variations: The policy allows for specific model variations, such as the ‘BA II Plus Professional’ for Texas Instruments, and the ’12C Platinum’ or anniversary editions for Hewlett Packard.
  4. Final Verdict: If the calculator satisfies these brand and model checks, it is a CFA permitted calculator. Otherwise, it is not.

Variables Table

Variable Meaning Unit Permitted Values
Brand The manufacturer of the calculator. Text ‘Texas Instruments’, ‘Hewlett Packard’
Model The specific model identifier. Text ‘BA II Plus’, ’12C’ (and their official variations)

Practical Examples: Checking Your Device

Example 1: A Common Permitted Model

  • Input Brand: Texas Instruments
  • Input Model: BA II Plus Professional
  • Logic Check: The brand is ‘Texas Instruments’ and the model is an approved variation (‘Professional’) of the ‘BA II Plus’ series.
  • Output: This is a CFA permitted calculator.

Example 2: A Non-Permitted Model

  • Input Brand: Casio
  • Input Model: fx-991EX
  • Logic Check: The brand is ‘Casio’, which is not on the approved list.
  • Output: This is NOT a CFA permitted calculator. Using this device on exam day would be a policy violation.

How to Use This CFA Permitted Calculators Checker

Using our eligibility checker is simple and provides instant clarity.

  1. Select the Brand: Choose your calculator’s brand from the dropdown menu. If it’s not ‘Texas Instruments’ or ‘Hewlett Packard’, select ‘Other’.
  2. Enter the Model: Type the model name exactly as it appears on your device (e.g., “BA II Plus”, “12C Platinum”).
  3. Check Eligibility: Click the “Check Eligibility” button.
  4. Review the Result: The tool will immediately display a clear message indicating whether your calculator is permitted or not. This check helps you avoid any issues on exam day related to non-compliant CFA permitted calculators.

Key Factors When Choosing Between CFA Permitted Calculators

While the list of CFA permitted calculators is short, the choice between the TI BA II Plus and the HP 12C can impact your study efficiency and exam day performance.

  1. Input Method (Algebraic vs. RPN): This is the biggest difference. The TI BA II Plus uses the standard algebraic method (e.g., 2 + 3 = 5). The HP 12C uses Reverse Polish Notation (RPN), which involves entering numbers first, then the operator (e.g., 2 ENTER 3 +). RPN can be faster once mastered but has a steeper learning curve.
  2. Ease of Use and Learning Curve: The TI BA II Plus is widely considered more intuitive and easier for beginners to learn. Most third-party CFA prep materials use it for their examples.
  3. Price: The TI BA II Plus is typically more affordable than the HP 12C. The HP 12C’s higher price is often attributed to its build quality and long-standing reputation in the finance industry.
  4. Build Quality and Durability: The HP 12C is known for its robust construction and longevity, with some professionals using the same device for decades. The standard TI BA II Plus is plastic, though the ‘Professional’ version offers a more solid feel.
  5. Keystroke Feel: Some users report that the HP 12C has more reliable and responsive keys, while the TI BA II Plus can sometimes miss inputs if not pressed firmly. This can be a crucial factor under time pressure.
  6. Availability and Community Support: The TI BA II Plus is more widely used among CFA candidates, making it easier to find study guides, video tutorials, and peer support. This widespread use is a key advantage when choosing among the limited CFA permitted calculators.

Frequently Asked Questions (FAQ)

Q1: Can I bring two CFA permitted calculators to the exam?

Yes, you are allowed to bring a second approved calculator as a backup in case your primary one malfunctions. It is a highly recommended practice.

Q2: Do I need to clear my calculator’s memory before the exam?

Yes, it is strongly advised to clear your calculator’s memory before entering the exam room to ensure there are no stored notes or formulas. Proctors may inspect your device.

Q3: Is the TI BA II Plus Professional version a CFA permitted calculator?

Yes. The official policy explicitly includes the “BA II Plus Professional” as one of the approved CFA permitted calculators.

Q4: Why isn’t a graphing calculator allowed?

Graphing calculators often have advanced programming, data storage, and communication capabilities that are forbidden by the CFA Institute to ensure exam integrity and fairness for all candidates. The policy on CFA permitted calculators aims to standardize the tools used.

Q5: Can I use a calculator app on my phone or tablet?

No. All mobile phones, tablets, and smart devices are strictly prohibited in the testing room. You must use one of the physical, approved CFA permitted calculators.

Q6: Are keystroke cards or calculator covers allowed?

Yes, official keystroke cards and calculator covers are generally permitted. However, instruction manuals are not allowed in the exam room.

Q7: What happens if my calculator’s battery dies during the exam?

You are responsible for your own equipment. If you do not have a backup calculator or spare batteries (and a screwdriver if needed), you will have to complete the exam without a calculator. Test centers will not provide assistance.

Q8: Should I choose the HP 12C just because finance professionals use it?

Not necessarily. While the HP 12C has a strong legacy, the most important factor is your own comfort and efficiency. If you are new to financial calculators, the TI BA II Plus is often the better choice due to its simpler learning curve. Mastering your chosen tool is more important than its brand legacy. This is the most crucial decision when selecting from the list of CFA permitted calculators.

© 2026 Financial Education Hub. All information regarding CFA permitted calculators is for guidance purposes. Always refer to the official CFA Institute website for the latest policies.



Leave a Comment