If you have been looking into Series 27 prep courses recently, 51Թ can find you a private Series 27 class to help you build study skills. The Series 27 exam, or Financial and Operations Principal Qualification Examination (FN), is designed to determine whether or not an entry-level FINOP (Financial and Operations Principal) candidate has the requisite skills for their job. Passing it is required to work as a Chief Financial Officer (CFO) at member firms around the country. If you feel that you could benefit from taking a Series 27 prep course, reach out to us today!
One of the first topics discussed in a Series 27 course is the structure of the exam. The chart below highlights what you can look forward to on test day:
| Question Format | # Questions | Time Allowed | Passing Score |
| Multiple-Choice | 145 | 3 Hours and 45 Minutes | 69% |
Answering 145 questions without a break can be intellectually draining, so you may want to take practice exams during a Series 27 course to help build up your mental stamina. Taking practice tests can also help you understand how the exam words questions. Financial Industry Regulatory Authority (FINRA) exams are notorious for tricky questions worded in such a way as to intentionally confuse test-takers, so answering practice questions beforehand may help you identify what response the test is looking for.
Your practice tests may also reveal your academic strengths and any areas of opportunity you might want to focus on in Series 27 classes. The bulleted list below includes some of the topics you might want to review in advance of the test:
Series 27 Exam Topics (non-comprehensive)
- General accounting requirements
- Preparation and maintenance of general ledger and sub-ledgers
- Timing and method of filing FOCUS reports
- SEC reporting and filing requirements
- Appropriate response to regulatory inquiries
- Market, liquidity, and credit risks
- Clearance, settlement, and delivery
- General ledger and sub-ledgers
- Records management policy
- Business conduct
- Insider trading regulations
- Purpose of a stock record
- Stock record allocation
- Unsecured and partly secured accounts
- Documentation and requirements for accounts for the exclusive benefit of customers
- Proper transmission of customer assets
- Net capital requirements of brokers and dealers
- Distinction between cash liabilities and deferrals
- Aging and collateralization of receivables
- Deferred taxes
- Subordinated liabilities
- Margin deficits
- Product knowledge for applicable haircut charges
- Ratios for withdrawals of capital
- Margin requirements
- Maintenance of credit
- Balancing purchase and sale (P&S) statements
- Secured demand notes
That is a lot to go over, but a private Series 27 class can break it down into more digestible bits. Working with a private instructor allows you to study at your own pace. If you are comfortable with margin deficits, you don't need to use any prep time on the topic at all. If you're less confident with deferred taxes and subordinated liabilities, you may spend as much time as you want addressing those concepts. The choice is completely up to you.
Likewise, you are your instructor's sole priority during your Series 27 prep class. All of your work may receive immediate feedback so that you understand any mistakes you made while it is still fresh in your mind. You are also free to ask as many questions as you like as you work toward your professional goals.
Your instructor may even be able to design study sessions around your unique needs. If you are a practical learner, your instructor might provide practice problems until you get the hang of any topic. If you have a more pragmatic bent, your tutor may instead relate seemingly abstract concepts to real life use-cases to help them click.
We also try to make our Series 27 prep classes as convenient as possible. You can study on our exclusive Live Learning Platform, giving you the benefits of face-to-face instruction without the logistical headache of trying to arrange a personal meeting. We also try to refer every client to an instructor who fits their scheduling needs to make the whole process a little easier.
If you would like to learn more about our private Series 27 courses, please contact 51Թ for more information. Educational Directors are standing by to help you any way they can!
Mary: Series 27 course instructor
...part of a newly formed global team deployed as financial engineers in various financial centers - Chicago, Zurich, London, Paris, Tokyo, Hong Kong. My assignment was in the bank's headquarters of Zurich, Switzerland within the Treasury Group where I priced, hedged, executed, and made markets on OTC derivatives, structured product and warrants held by the coveted AAA balance sheet. This multi-year experience proved to be mutually beneficial both to my professional career, as it was...
Education & Certification
- Dickinson College - Bachelor in Arts, Economics
- Northwestern University - Masters in Business Administration, Finance
Subject Expertise
- Series 27
- Series 57
- Series 62
- Series 52
- +109 subjects
Peter: Series 27 course instructor
...3 exam, the National Commodities Futures Exam. If you want to obtain the SIE license, you probably are in one of these categories. You may be doing for the fun of it, looking to get a better understanding of investments, and exploring it as a career. You possibly are in college and wanting an internship at an investment firm. You are hired in the business and need to pass the SIE and the other FINRA...
Education & Certification
- Rensselaer Polytechnic Institute - Bachelor of Science, Materials Engineering
- California University of Pennsylvania - Master of Science, Mathematics and Statistics
Subject Expertise
- Series 27
- Series 7
- Series 7 - General Securities Representative Exam (Stockbroker)
- Series 23
- +42 subjects
Hajra: Series 27 course instructor
...the finance sector. In my professional setting I have helped and trained fellow colleagues to pass the different FINRA exams. I understand the pressure of learning the materials and then passing the exams in the allotted time frames given. I am passionate about helping people pass the professional exams and achieving their goals. I aim to be a resource to people, and letting them set the pace. I enjoy traveling when I can, either locally...
Education & Certification
- American International College - Bachelor of Science, Business Administration and Management
Subject Expertise
- Series 27
- Series 66
- Series 65
- Series 22
- +9 subjects
James: Series 27 course instructor
...1987, I had founded AISCO Holdings, Ltd., where I served as its Chief Executive Officer (CEO) and its Chairman of the Board. During my tenure, I held, among others, SEC Series Licenses 3, 4, 7, 15, 24, 27, 53, and 63. As the firm's primary SEC Licensed Principal, I grew this financial services conglomerate to $21 million in annual revenues, with over $700 million in customer assets under management, and employed approximately 300 licensed personnel....
Education & Certification
- University of Illinois at Urbana-Champaign - Bachelor in Arts, Business, General
Subject Expertise
- Series 27
- Series 53
- Series 66
- Series 7
- +24 subjects
Jim: Series 27 course instructor
...many different areas. I will do my best to help the student by simplifying the material and using everyday tasks as examples. Exams I have taken (and passed on the first try): Series 7 (General Securities), Series 24 (General Securities Principal), Series 4 (Registered Options Principal), Series 27 (Financial and Operations Principal), Series 53 (Municipal Securities Principal), Series 66 (Investment Advisor Representative) and PA Life and Health Insurance agent exam. My goal is to have...
Education & Certification
- Pennsylvania State University-Main Campus - Bachelor of Science, Finance
Subject Expertise
- Series 27
- Series 24
- Series 63
- Series 7
- +16 subjects