cfa一级企业理财corporate finance讲义

《cfa一级企业理财corporate finance讲义》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、2013年CFA一级培训项目CorporateFinance唐威CFA金程教育高级培训师日期：2013年1月12日地点：□南京■上海□北京□深圳TopicWeightingsinCFALevelISessionNO.ContentWeightingsStudySession1Ethics&ProfessionalStandards15StudySession2-3QuantitativeAnalysis12StudySession4-6Economics10StudySession7-10FinancialReportingandAnalysis20

2、StudySession11CorporateFinance8StudySession12PortfolioManagementandWealthPlanning5StudySession13-14EquityInvestment10StudySession15-16FixedIncome12StudySession17Derivatives5StudySession18AlternativeInvestments32-125100%ContributionBreedsProfessionalismSummaryofReadings&Framewor

3、k¾StudySession11òR36:CapitalBudgetingòR37:CostofCapitalòR38:Measuresofleverage*òR39:DividendsandShareRepurchases:Basics*òR40:WorkingCapitalManagementòR41:FinancialStatementAnalysisòR42:TheCorporateGovernanceofListedCompanies:AManualforInvestors3-125100%ContributionBreedsProfess

4、ionalismR.36.1TheBasicofCapitalBudgeting¾RoleofTheFinancialManager(2)(1)Firm'sFinancialFinancial(4a)operationsmanagermarkets(3)(4b)(1)Cashraisedfrominvestors(2)Cashinvestedinfirm(3)Cashgeneratedbyoperations(4a)Cashreinvested(4b)Cashreturnedtoinvestors4-125100%ContributionBreeds

5、ProfessionalismR.36.1TheBasicofCapitalBudgeting¾Capitalbudgetingistheprocessofdeterminingandselectingthemostprofitablelong-termprojectsòIdeageneration:VGeneratinggoodinvestmentideasfromanumberofresources¢Analyzingprojectproposals:Gatheringtheinformation→Cashflowforecasting→Eval

6、uatingproject’sprofitabilityòCreatethefirm-widecapitalbudget:VThetimingofproject’scashflowsVTheavailabilityofcompany’sresourcesVFitthecompany’soverallstrategiesòMonitoringdecisionsandconductingapost-auditVComparingtheactualresultwiththeprojectedandexplainthereasons5-125100%Cont

7、ributionBreedsProfessionalismR.36.1TheBasicofCapitalBudgeting¾CapitalprojectscanbeclassifiedasòReplacementprojectsDetailedVReplacementdecisiontomaintainthebusinessanalysisVReplacementdecisionforcostreductionpurposerequiredòExpansionprojectsVExpansionprojectsforexistingproductVE

8、xpansionprojectsfornewproductornewservicesòMandatoryin