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| CFA Corporate Finance Level 2 |
| (c) CA Raja Natarajan, B.Com., PGDBA, FCA |
| |
| Publisher ....: Udemy |
| Level ........: All Levels |
| Runtime ......: 1044 minutes |
| Language .....: English |
| Release Type .: Retail |
| Release Format: ISO |
| Store Date ...: 2015.07.07 |
| Release Date .: 2017.04.06 |
| ISO Size .....: 3,295,256,576 |
| ISO Checksum .: 04797071 |
| Disk Count ...: 66 * 50MB |
| Disk Name ....: comprised_ucfacfl2 |
| |
| Link/URL .....: https://v.gd/vX6LAi |
| |
| |
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| Welcome to Corporate Finance CFA Level 2 Course. |
| |
| As the name indicates, this course covers Corporate Finance Paper of Level |
| 2 of CFA Exams. |
| |
| About Coverage: |
| |
| Section 1 will cover Reading 23: Capital Budgeting |
| |
| Section 2 will cover Reading 24: Capital Structure |
| |
| Section 3 will cover Reading 25:Dividends and Share Purchases: Analysis |
| |
| Teaching and Learning Style: |
| |
| This course is structured in self paced learning style.áIt is suggested to|
| take screenshots of case studies for reference back during problem |
| solving. Approaching the course with note book and pen or MS Excel and |
| solving problems paralelly along with instructor will make you feel like |
| attending real class and improve your listening and learning experience. |
| |
| Teaching and Learningáoutcomes: |
| |
| By taking this course, you will be able to |
| |
| 1. calculate the yearly cash flows of expansion and replacement capital |
| projects and evaluate how the choice of depreciation method affects those |
| cash flows; |
| 2. explain how inflation affects capital budgeting analysis; |
| 3. evaluate capital projects and determine the optimal capital project in |
| situations of á á á á á á ááa) mutually exclusive projects with |
| unequal lives, using either the least common multiple of lives approach or|
| the equivalent annual annuity approach, and b) capital rationing; |
| 4. explain how sensitivity analysis, scenario analysis, and Monte Carlo |
| simulation can be used to assess the stand-alone risk of a capital |
| project; |
| 5. explain and calculate the discount rate, based on market risk methods, |
| to use in valuing a capital project; |
| 6. describe types of real options and evaluate a capital project using real|
| options; |
| 7. describe common capital budgeting pitfalls; |
| 8. calculate and interpret accounting income and economic income in the |
| context of capital budgeting; |
| 9. distinguish among the economic profit, residual income, and claims |
| valuation models for capital budgeting and evaluate a capital project |
| using each. |
| 10. explain the ModiglianiûMiller propositions regarding capital |
| structure, including the effects of leverage, taxes, financial distress, |
| agency costs, and asymmetric information on a companyÆs cost of equity, |
| cost of capital, and optimal capital structure; |
| 11. describe target capital structure and explain why a companyÆs actual |
| capital structure may fluctuate around its target; |
| 12. describe the role of debt ratings in capital structure policy; |
| 13. explain factors an analyst should consider in evaluating the effect of |
| capital structure policy on valuation; |
| 14. describe international differences in the use of financial leverage, |
| factors that explain these differences, and implications of these |
| differences for investment analysis. |
| 15. compare theories of dividend policy and explain implications of each |
| for share value given a description of a corporate dividend action; |
| 16. describe types of information (signals) that dividend initiations, |
| increases, decreases, and omissions may convey; |
| 17. explain how clientele effects and agency issues may affect a |
| companyÆs payout policy; |
| 18. explain factors that affect dividend policy; |
| 19. calculate and interpret the effective tax rate on a given currency unit|
| of corporate earnings under double taxation, dividend imputation, and |
| split-rate tax systems; |
| 20. compare stable dividend, constant dividend payout ratio, and residual |
| dividend payout policies, and calculate the dividend under each policy; |
| 21. explain the choice between paying cash dividends and repurchasing |
| shares; |
| 22. describe broad trends in corporate dividend policies; |
| 23. calculate and interpret dividend coverage ratios based on a) net income|
| and b) free cash flow; |
| 24. identify characteristics of companies that may not be able to sustain |
| their cash dividend. |
| |
| Teaching Background: |
| |
| Indian scenario has been considered for explaining concepts through case |
| studies. |
| |
| Wishing you all the very best to excel in Finance World. |
| |
| |
| |
| |
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__/ a b o u t \/_/ \_____\/_ / \%%/ \__ ___\/__(_ \/__
_\ \ t h e g r o u p /\ \/ \/ \ )/ _/
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\/ No news is good news! _|/
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\/ Some hardworking groups, and maybe you? _|/
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\%%/ nfo by griskokare/impure!ascii
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