Financial Statement Analysis (20%)

• Basic financial statement analysis
• Common size financial statements
• Common base year financial statements

• Financial ratio analysis
• Liquidity ratios
• Leverage ratios
• Activity ratios
• Profitability ratios
• Market ratios

• Profitability analysis
• Income measurement analysis
• Revenue analysis
• Cost of sales analysis
• Expense analysis
• Variation analysis

• Impact of foreign operations
• Effects of changing prices and inflation
• Impact of changes in accounting treatment
• Accounting and economic concepts of value and income
• Earnings quality

Corporate Finance (20%)

• Risk and return analysis
• Calculating return
• Types of risk
• Relationship between risk and return

• Long-term financial management
• Term structure of interest rates
• Types of financial instruments
• Cost of capital
• Valuation of financial instruments

• Raising capital
• Financial markets and regulation
• Market efficiency
• Financial institutions
• Initial and secondary public offerings
• Dividend policy and share repurchases
• Lease financing

• Working capital management
• Cash management
• Marketable securities management
• Accounts receivable management
• Inventory management
• Types of short-term credit
• Short-term credit management

• Corporate restructuring
• Mergers and acquisitions
• Other forms of restructuring

• International finance
• Fixed, flexible, and floating exchange rates
• Managing transaction exposure
• Financing international trade

Decision Analysis (25%)

• Cost/volume/profit analysis
• Breakeven analysis
• Profit performance and alternative operating levels
• Analysis of multiple products

• Marginal analysis
• Sunk costs, opportunity costs
• Marginal costs and marginal revenue
• Special orders and pricing
• Make vs. buy
• Sell or process further
• Add or drop a segment
• Capacity considerations

• Pricing
• Pricing methodologies
• Target costing
• Elasticity of demand
• Product life-cycle considerations
• Market structure considerations

Risk Management (10%)

• Enterprise risk
• Types of risk
• Risk identification and assessment
• Risk mitigation strategies
• Managing risk

Investment Decisions (10%)

• Capital budgeting process
• Stages of capital budgeting
• Incremental cash flows
• Income tax considerations
• Evaluating uncertainty

• Capital investment analysis methods
• Net present value
• Internal rate of return
• Payback period
• Profitability index
• Comparison of investment analysis methods

Professional Ethics (15%)

• Business ethics
• Corporate Social Responsibility (CSR)
• Moral philosophies and values
• Ethical decision making