IIRF Online > Finance & Accounting > Finance > Chartered Financial Analyst (CFA) > CFA Level 2 - Corporate Finance
CFA Level 2 - Corporate Finance by Udemy
Master the Corporate Finance syllabus for the CFA Level 2 exam in 2022
Course Highlights
- Capital Budgeting
- Capital Structure
- Dividends and Share Repurchases: Analysis
- Corporate Governance and Other ESG Considerations in Investment Analysis
- Mergers and Acquisitions
Skills you will learn!
Curriculum
1 Topic
Introduction
23 Topics
Study Notes
Cash Flow Projections
Equation Format for Organizing Cash Flows
Example on Capital Budgeting Cash Flow for a Capital Project
Try This (Calculate Project NPV)
Depreciation Methods
Effects of Inflation on Capital Budgeting Analysis
Mutually Exclusive Projects with Unequal Lives
Least Common Multiple of Lives Approach
Equivalent Annual Annuity (EAA) Approach
Capital Rationing
Risk Analysis of Capital Investments: Sensitivity Analysis
Risk Analysis of Capital Investments: Scenario Analysis
Risk Analysis of Capital Investments: Monte Carlo Analysis
Risk Analysis of Capital Investments: Market Risk Methods
Real Options
Example on Production-Flexibility Option
Example on Abandonment Option
Common Capital Budgeting Pitfalls
Other Income Measures and Valuation Models: Economic and Accounting Income
Other Income Measures and Valuation Models: Economic Profit
Other Income Measures and Valuation Models: Residual Income
Other Income Measures and Valuation Models: Claims Valuation
10 Topics
Study Notes
The Capital Structure Decision
Modigliani-Miller Proposition I and II (Without Taxes)
Modigliani-Miller Proposition I and II (With Taxes)
Costs of Financial Distress
Agency Costs
Costs of Asymmetric Information
The Optimal Capital Structure According to the Static Trade-Off Theory
Practical Issues in Capital Structure Policy (1)
Practical Issues in Capital Structure Policy (2)
21 Topics
Study Notes
Regular Dividends Dividend Reinvestment Plans (DRPs)
Extra Dividends Liquidating Dividends
Stock Dividends
Stock Splits Reverse Stock Splits
Dividend Policy and Company Value
Capital Gains or Dividends: Which Would the Investor Prefer?
The Information Content on Dividend Actions: Signaling
Factors Affecting Dividend Policy
Tax Considerations in Dividend Policy: Double Taxation System
Tax Considerations in Dividend Policy: Dividend Imputation Tax System
Tax Considerations in Dividend Policy: Split-rate Tax System
Dividend Payout Policies: Stable Dividend Policy
Dividend Payout Policies: Constant Dividend Payout Ratio Policy
Dividend Payout Policies: Residual Dividend Policy
Share Repurchases
Share Repurchase Methods
Financial Statement Effects of Share Repurchases on EPS
Financial Statement Effects of Share Repurchases on Changes in BVPS
The Dividend versus Share Repurchase Decision
Analysis of Dividend Safety
19 Topics
Study Notes
Introduction
Global Variations in Ownership Structure
Dispersed vs. Concentrated Ownership
Conflicts within Different Ownership Structures
Types of Influential Shareholders
Effects of Ownership Structure on Corporate Governance
Evaluating Corporate Governance Policies and Procedures
Example - Evaluating Corporate Governance Policies and Procedures
Executive Remuneration
Shareholder Voting Rights
Identifying ESG-Related Risks and Opportunities
Relevant ESG-Related Factors
Equity vs. Fixed-Income Security Analysis
Evaluating ESG-Related Risks and Opportunities: ESG Integration
Green Bonds
Examples of ESG Integration: Case Study 1 (Environmental Factors)
Examples of ESG Integration: Case Study 2 (Social Factors)
Examples of ESG Integration: Case Study 3 (Governance Factors)
12 Topics
Study Notes
Mergers and Acquisitions - Part 1
Mergers and Acquisitions - Part 2
Mergers and Acquisitions - Part 3
Mergers and Acquisitions - Part 4
Mergers and Acquisitions - Part 5
Mergers and Acquisitions - Part 6
Mergers and Acquisitions - Part 7
Mergers and Acquisitions - Part 8
Mergers and Acquisitions - Part 9
Mergers and Acquisitions - Part 10
Mergers and Acquisitions - Part 11
CFA Level 2 - Corporate Finance
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