CFA Level 1 - Corporate Finance

Name: CFA Level 1 - Corporate Finance
Rating: 4.1 (47 reviews)

Master the Corporate Finance syllabus for the CFA Level 1 exam

Created byProfEd Academy

Last updated 9/2022

English

What you'll learn

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.

Course content

6 sections • 96 lectures • 6h 58m total length

Introduction0:40

Capital Budgeting Process3:37
Notes are not printable. Go Green!
Basic Principles of Capital Budgeting4:43
Independent and Mutually Exclusive Projects, Project Sequencing2:04
Net Present Value (NPV)6:35
Internal Rate of Return (IRR)7:32
(Optional) NPV and IRR in Microsoft Excel2:08
Payback Period7:31
Discounted Payback Period5:08
Average Accounting Rate of Return (AAR)3:59
Profitability Index (PI)3:54
NPV Profile8:13
Ranking Conflicts between NPV and IRR2:29
The Multiple IRR and No IRR Problem4:11
How NPV is Related to Share Price1:44
Quiz: Capital Budgeting

Introduction4:18
Notes are not printable. Go Green!
Weighted Average Cost of Capital (WACC)6:09
Applying the Cost of Capital to Capital Budgeting and Security Valuation3:45
Cost of Debt5:16
Issues in Estimating the Cost of Debt4:45
Cost of Preferred Stock2:01
Cost of Equity Capital0:49
Cost of Equity Capital: Capital Asset Pricing Model (CAPM)3:47
Estimating ERP: Historical Equity Risk Premium Approach3:35
Estimating ERP: Dividend Discount Model Approach & Survey Approach3:44
Cost of Equity Capital: Dividend Discount Model (DDM)1:50
Cost of Equity Capital: Bond Yield Plus Risk Premium Approach1:38
Estimating Beta7:35
Estimating Beta for Publicly Traded Companies0:44
Estimating Beta for a Company or Project that is Not Publicly Traded2:48
Pure-Play Method7:14
Country Risk4:05
Marginal Cost of Capital (MCC) Schedule12:15
Flotation Costs9:42
Quiz: Capital Structure

Introduction2:58
Notes are not printable. Go Green!
Managing Liquidity9:28
Measuring Liquidity6:27
Turnover Ratios9:00
Operating and Cash Conversion Cycles5:22
Managing Cash Positions8:20
Investing Short-term Funds8:17
Yields on Short-term Securities6:39
Investment Risks2:08
Short-term Investment Strategies4:25
Cash Management Investment Policy and Evaluation of Short-term Funds Management2:36
Managing Accounts Receivables2:58
Key Elements of the Trade Granting Process3:53
Credit Scoring Models1:35
Managing Cash Receipts3:56
Cash Concentration1:05
Evaluating Accounts Receivable Management6:25
Inventory Management4:15
Approaches to Managing Levels of Inventory5:10
Evaluating Inventory Management1:18
Accounts Payable Management3:41
The Cost of Trade Discounts4:15
Managing Cash Disbursements1:02
Managing Short-term Financing3:52
Short-term Borrowing Approaches3:18
Asset-Based Loans1:42
Computing the Cost of Borrowing5:44
Quiz: Working Capital Management

Introduction3:15
Notes are not printable. Go Green!
Company Stakeholders: Shareholders2:35
Company Stakeholders: Creditors1:25
Company Stakeholders: Managers and Employees1:29
Company Stakeholders: Board of Directors2:06
Company Stakeholders: Customers, Suppliers, Governments/Regulators3:11
Principal-Agent Relationships (1)6:48
Principal-Agent Relationships (2)3:45
Stakeholder Management1:57
Mechanisms of Stakeholder Management (1)4:32
Mechanisms of Stakeholder Management (2)6:24
Mechanisms of Stakeholder Management (3)4:15
Mechanisms of Stakeholder Management (4)5:18
Board of Directors (1)4:02
Board of Directors (2)3:03
Board of Directors Committees5:48
Factors Affecting Stakeholder Relationships and Corporate Governance (1)6:33
Factors Affecting Stakeholder Relationships and Corporate Governance (2)4:15
Risks of Poor Corporate Governance and Stakeholder Management4:16
Benefits of Effective Corporate Governance4:16
Analyst Considerations in Corporate Governance and Stakeholder Management (1)3:59
Analyst Considerations in Corporate Governance and Stakeholder Management (2)4:22
Analyst Considerations in Corporate Governance and Stakeholder Management (3)4:57
Analyst Considerations in Corporate Governance and Stakeholder Management (4)4:06
ESG Considerations for Investors and Terminology1:33
ESG Implementation Approaches4:16
Catalysts for ESG Growth2:54
ESG Factors in Investment Analysis2:46
Quiz: Corporate Governance

Requirements

Basic knowledge in finance and accounting
A financial calculator (I'm using Texas BA II Plus) will be required for the readings on "Capital Budgeting" and "Cost of Capital"

Description

Prepare for the CFA Level 1 exam in 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"

Who this course is for:

Those preparing for the CFA Level 1 Exam in 2019.
Those who wants to learn about corporate finance

CFA Level 1 - Corporate Finance

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 1min

Capital Budgeting14 lectures • 1hr 4min

Cost of Capital19 lectures • 1hr 26min

Measures of Leverage7 lectures • 40min

Working Capital Management27 lectures • 2hr

Corporate Governance and ESG: An Introduction28 lectures • 1hr 48min

Requirements

Description

Who this course is for: