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CFA Level 1 – Corporate Finance (2021)

Master the Corporate Finance syllabus for the CFA Level 1 exam in 2021
Instructor:
ProfEd Academy
1,873 students enrolled
How capital budgeting decisions are made in organizations and the tools that are used to evaluate projects.
Calculate the weighted average cost of capital (WACC) and how to determine the cost of its components (common equity, debt, preferred equity).
How operating and financial leverage affects the business and financial risk of a company.
How organizations manage its working capital to ensure that its day-to-day operations are not disrupted.
Why corporate governance is important in an organization and the emergence of ESG investing by investors.

IMPORTANT NOTICE FOR THOSE WHO PLANS TO TAKE CFA LEVEL 1 EXAM IN 2022!

We will not be updating this course to the 2022 CFA Level 2 syllabus. Please do not purchase this course if you are taking the CFA Level 2 exam in 2022.

========================================================

Prepare for the CFA Level 1 exam in 2021 with 100% confidence! The course covers the Corporate Finance syllabus in detail so you will have a complete understanding when tackling this section in the exam. After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.

AFTER GOING THROUGH THIS COURSE, YOU DO NOT HAVE TO STUDY FROM THE TEXTBOOK ANYMORE (OR ANY OTHER SOURCE)!

Exam Weight: 8% – 12%

At the end of this course, students should be able to:

  • analyze a capital budgeting problem (investing decision)

  • estimate a company’s cost of capital (financing decision)

  • evaluate a company’s leverage (operating, financial, and total) and how it affects earnings and financial ratios

  • evaluate a company’s working capital management (and its effectiveness)

  • evaluate company’s corporate governance and stakeholder management

What We Cover in this Course:

  • Capital Budgeting

  • Cost of Capital

  • Measures of Leverage

  • Working Capital Management

  • Corporate Governance and ESG: An Introduction

What you will get by buying this course is:

  • detailed coverage of the syllabus, taught by a seasoned instructor of the CFA Program.

  • support in the Q&A forum (course-related questions) from the instructor.

  • the confidence to nail this topic in the exam!

What Our Students Say About the Course:

“it’s really good for me. Thank you so much for given change to learn new something”

“so far the instructor is out of this world made, big up to this guy”

Introduction

1
Introduction

Capital Budgeting

1
Capital Budgeting Process

Notes are not printable. Go Green!

2
Basic Principles of Capital Budgeting
3
Independent and Mutually Exclusive Projects, Project Sequencing
4
Net Present Value (NPV)
5
Internal Rate of Return (IRR)
6
(Optional) NPV and IRR in Microsoft Excel
7
Payback Period
8
Discounted Payback Period
9
Average Accounting Rate of Return (AAR)
10
Profitability Index (PI)
11
NPV Profile
12
Ranking Conflicts between NPV and IRR
13
The Multiple IRR and No IRR Problem
14
How NPV is Related to Share Price
15
Quiz: Capital Budgeting

Cost of Capital

1
Introduction

Notes are not printable. Go Green!

2
Weighted Average Cost of Capital (WACC)
3
Applying the Cost of Capital to Capital Budgeting and Security Valuation
4
Cost of Debt
5
Issues in Estimating the Cost of Debt
6
Cost of Preferred Stock
7
Cost of Equity Capital
8
Cost of Equity Capital: Capital Asset Pricing Model (CAPM)
9
Estimating ERP: Historical Equity Risk Premium Approach
10
Estimating ERP: Dividend Discount Model Approach & Survey Approach
11
Cost of Equity Capital: Dividend Discount Model (DDM)
12
Cost of Equity Capital: Bond Yield Plus Risk Premium Approach
13
Estimating Beta
14
Estimating Beta for Publicly Traded Companies
15
Estimating Beta for a Company or Project that is Not Publicly Traded
16
Pure-Play Method
17
Country Risk
18
Marginal Cost of Capital (MCC) Schedule
19
Flotation Costs
20
Quiz: Capital Structure

Measures of Leverage

1
Introduction

Notes are not printable. Go Green!

2
Leverage
3
Degree of Operating Leverage (DOL)
4
Degree of Financial Leverage (DFL)
5
Degree of Total Leverage (DTL)
6
Breakeven Points
7
Operating Breakeven Points
8
Quiz: Measures of Leverage

Working Capital Management

1
Introduction

Notes are not printable. Go Green!

2
Managing Liquidity
3
Measuring Liquidity
4
Turnover Ratios
5
Operating and Cash Conversion Cycles
6
Managing Cash Positions
7
Investing Short-term Funds
8
Yields on Short-term Securities
9
Investment Risks
10
Short-term Investment Strategies
11
Cash Management Investment Policy and Evaluation of Short-term Funds Management
12
Managing Accounts Receivables
13
Key Elements of the Trade Granting Process
14
Credit Scoring Models
15
Managing Cash Receipts
16
Cash Concentration
17
Evaluating Accounts Receivable Management
18
Inventory Management
19
Approaches to Managing Levels of Inventory
20
Evaluating Inventory Management
21
Accounts Payable Management
22
The Cost of Trade Discounts
23
Managing Cash Disbursements
24
Managing Short-term Financing
25
Short-term Borrowing Approaches
26
Asset-Based Loans
27
Computing the Cost of Borrowing
28
Quiz: Working Capital Management

Corporate Governance and ESG: An Introduction

1
Introduction

Notes are not printable. Go Green!

2
Company Stakeholders: Shareholders
3
Company Stakeholders: Creditors
4
Company Stakeholders: Managers and Employees
5
Company Stakeholders: Board of Directors
6
Company Stakeholders: Customers, Suppliers, Governments/Regulators
7
Principal-Agent Relationships (1)
8
Principal-Agent Relationships (2)
9
Stakeholder Management
10
Mechanisms of Stakeholder Management (1)
11
Mechanisms of Stakeholder Management (2)
12
Mechanisms of Stakeholder Management (3)
13
Mechanisms of Stakeholder Management (4)
14
Board of Directors (1)
15
Board of Directors (2)
16
Board of Directors Committees
17
Factors Affecting Stakeholder Relationships and Corporate Governance (1)
18
Factors Affecting Stakeholder Relationships and Corporate Governance (2)
19
Risks of Poor Corporate Governance and Stakeholder Management
20
Benefits of Effective Corporate Governance
21
Analyst Considerations in Corporate Governance and Stakeholder Management (1)
22
Analyst Considerations in Corporate Governance and Stakeholder Management (2)
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Includes

7 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion
CFA Level 1 – Corporate Finance (2021)
Price:
$138.98 $105

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