CFA Level 2 - Corporate Finance
What you'll learn
- Capital Budgeting
- Capital Structure
- Dividends and Share Repurchases: Analysis
- Corporate Governance and Other ESG Considerations in Investment Analysis
- Mergers and Acquisitions
- You are a CFA Level 2 exam candidate (or have passed the CFA Level 1 exam)
- Students will ideally have prior knowledge on time value of money (present value, discount rates, NPV, IRR)
- A financial calculator (I'm using Texas BA II Plus) will be required for the reading on "Capital Budgeting"
Prepare for the CFA Level 2 exam in 2022 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: 5% - 10%
At the end of this course, students should be able to:
evaluate expansion and replacement capital projects, how depreciation methods affect the cash flows of the projects; determine optimal capital project in situations of mutually exclusive projects with unequal lives (least common multiple of lives approach, equivalent annual annuity approach) and capital rationing; types of real options; evaluate capital projects using economic profit, residual income, claims valuation model
explain the Modigliani-Miller propositions (with and without taxes), optimal capital structure
compare theories of dividend policy, describe signals from dividends, clientele effects; compare stable dividend policy, constant dividend payout ratio policy, and residual dividend payout policy; calculate effect of share repurchase on book value per share and earnings per share; calculate dividend coverage ratios
evaluate the effectiveness of a company's corporate governance; evaluate ESG risk exposures and investment opportunities
classify M&A activities based on forms of integration and business activities; bootstrapping of EPS; merger transaction characteristics; pre-offer and post-offer takeover defense mechanisms; use the discounted cash flow, comparable company, and comparable transactions analyses for valuing a target company; evaluate takeover bid
What We Cover in this Course:
Analysis of Dividends and Share Repurchases
Corporate Governance and Other ESG Considerations in Investment Analysis
Mergers and Acquisitions
What you will get by buying this course is:
detailed coverage of the syllabus, taught by our seasoned instructors of the CFA Program.
support in the Q&A forum (course-related questions) from our instructors.
the confidence to nail this topic in the exam!
Who this course is for:
- Those who are taking the CFA Level 2 Exam in 2020
- Those who wants to learn intermediate level corporate finance knowledge
ProfEd Academy (Professional Education Academy) offers courses for professional qualifications such as:
1) Chartered Financial Analyst (CFA) Program - Level 1, 2, 3
2) Financial Risk Manager (FRM) Program - Part 1 and 2
3) ACCA - FM, PM, and AFM
Our instructors have more than 10 years of experience teaching Finance & Investment, Risk Management, Treasury Management and Financial Modeling at the professional level. They hold professional qualifications such as CFA, FRM, PRM.