SIDC Module 7 Exam Guide: Format and Syllabus
Updated · 6 min read
Module 7, Financial Statement Analysis and Asset Valuation, is the products-and-analysis paper that dealer's representatives pair with Module 6. Financial planners who want to give personal advice on Bursa-listed shares, debentures or warrants need it too (Licensing Handbook para 7.04(7)). It had 461 sittings in 2024 (SIDC Annual Highlights 2024).
Format at a glance
| Item | Module 7 |
|---|---|
| Questions | 60 multiple-choice, 4 options each |
| Time | 1 hour 30 min |
| Pass mark | 60% (36 of 60 correct) |
| Book | Closed book; a non-programmable calculator is allowed |
| Fee | RM1,250 (resident), RM2,750 (non-resident) |
| Study guide | eGuide Module 7: Financial Statement Analysis & Asset Valuation (First Edition 2022) |
| SIDC's minimum study time | 80 hours |
| Latest published pass rate | 78% (2024 (Jan-Jun)) |
The syllabus
| Section | Topics | Maximum |
|---|---|---|
| 1 | Why financial statement analysis matters; elements of the financial statements; ratio analysis and its limits | 60% (36 questions) |
| 2 | Fixed income and money markets (bond pricing, yields, credit ratings, yield curves); structured products | 30% (18 questions) |
| 3 | Equity markets and valuation (including REITs); technical analysis; exchange-traded funds | 30% (18 questions) |
What the questions look like
Expect short data stems: a few lines from an income statement or balance sheet, a bond's coupon and yield, or a share price before a rights issue, then one question. Most items are single-answer. Practise the arithmetic on the calculator you will bring; the T&C names models such as the TI BA II Plus, HP 12C and Casio FX100AU.
Trap
Pass rate trend
Module 7's published pass rate rose from 41% in 2018 and 2019 to 78% in 2024 (Jan-Jun). Section 1 alone can carry up to 36 questions, so ratio work decides most results. See all modules on the pass rates page.
Start with the free mock or the Module 7 topics. Every SIDC Prep calculation question shows the working step by step.
Takeaway
SIDC Prep is an independent study service. It is not affiliated with, endorsed by or connected to the Securities Industry Development Corporation (SIDC), the Securities Commission Malaysia (SC) or Bursa Malaysia. 'SIDC' is used only to describe the examinations. Figures are SIDC's and the SC's and can change; confirm on sidc.com.my.
Frequently asked questions
How many questions are in SIDC Module 7?
60 multiple-choice questions in 1 hour 30 min; you need 60% (36 correct) to pass (SIDC's study outline for July to December 2026 examinations, checked 12 October 2026).
Can I use a calculator in Module 7?
Yes, a non-programmable calculator such as the TI BA II Plus, HP 12C or Casio FX100AU (SCLE Terms and Conditions 2026, clause 12.4.3). Module 7 is closed book.
Who needs Module 7?
Dealer's representatives (with Module 6, or via Modules 17 and 18), heads of operations and compliance staff of stockbrokers, and financial planners who give personal advice on Bursa-listed shares, debentures or warrants. CFA charterholders are exempt (Licensing Handbook Table 3 and para 7.04(7)).
Go deeper: the study notes
Put it into practice
Free account, 950+ exam-style questions, instant explanations and timed mock exams.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →