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CB1 – Business Finance
4 sections available · 21 chapters available
Free CB1 – Business Finance study notes for IFoA (Institute and Faculty of Actuaries) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Corporate governance and organisation
Regulation of financial reporting
Corporate governance principles
Finance, stakeholders and shareholder wealth
Ethical responsibilities of owners and managers
How corporates are financed
Business structures and financing methods
Personal and corporate taxation
Financial instruments and issuance methods
Capital structure and dividend policy
Corporate growth, restructuring and divestment
Evaluating projects
Cost of capital and WACC
Project viability and cash flow projection methods
The calculation of a company's weighted average cost of capital
Evaluating risky investments: simulation, scenarios and certainty equivalents
Cash flow projections and the application of techniques to estimate cashflows
Required rate of return and discount rate choice
Identifying and quantifying project risk
Distribution of possible project outcomes
Factors underlying the choice of discount rate within project assessment
Techniques to identify the probability and financial impact of different risks occurring over varying timescales
Constructing and interpreting company accounts
Construction and features of company accounts and reports
Interpreting company accounting information and ratios
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