CB1 – Business Finance

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IFoA (Institute and Faculty of Actuaries) の学習者向けの無料CB1 – Business Finance学習ノート。各章のリンクから、要点・例題・練習問題への導線にアクセスできます。

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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