|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||15.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Finance - Management for Course Id 1168
This course is designed for accountants who must have financial knowledge but has not had formal training in finance. Topics include: The Sarbanes-Oxley Act financial reporting requirements, uses and analysis of financial statements, financial forecasting and cash budgeting, risk and return, valuation of stocks and bonds, time value of money, investing and financing, leverage, optimal capital structure, portfolio selection, management of financial resources, and international finance. The goals of the course are fourfold:
2. It also concentrates on providing a working vocabulary for communication.
3. It uses examples and illustrations, with emphasis on the practical application of financial concepts, tools, and methodology.
4. It also includes checklists, guidelines, rules of thumb, diagrams, graphs, and tables to aid your comprehension of the subjects discussed.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||22-Dec-2016|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 1168
|Keywords :||Finance, Accountants, Guide, Financial, Management, 2016, cpe, cpa, online course|
|Learning Objectives :||
Distinguish between profit maximization and stockholder wealth maximization.
Recognize factors that affect the value of a firm.
Recognize the role of financial managers.
Recognize the various legal forms of business organization.
Recognize how the balance sheet portrays a company's financial position.
Identify the components of a statement of cash flows.
Recognize how footnote disclosures are used, and requirements for segment reporting.
Recognize reporting requirements of the Sarbanes-Oxley 404.
Recognize a comprehensive set of financial ratios and how to interpret them.
Identify the basic components of the Du Pont formula and how it can be used for profit improvement.
Identify major steps in preparing the master budget.
Recognize how the cash budget can be used to more effectively conduct financial management.
Calculate the present value of a future payment.
Recognize the definitions for annuities and minimum rates of return.
Define the risk-return trade-off used in understanding diversification.
Identify the types of risks reported by beta in its use in designing a portfolio.
Using the Capital Asset Pricing Model (CAPM), calculate portfolio return and portfolio risk.
Using the Arbitrage Pricing Model (APM), compute rate of return.
Distinguish between preferred stock and common stock.
Recognize the various methods of common stock valuation.
Identify the overall cost of capital.
Recognize factors used in computing the overall cost of capital.
Identify capital budgeting methods used to grow a company.
Recognize how different project conditions can affect ultimate investment decisions.
Recognize the types of depreciation methods.
Recognize the primary objective of capital structure decisions and the influences on capital structure decisions.
Recognize different methods of managing accounts receivable and how they affect cash flows.
Recognize ways to better manage inventory, including the economic order quantity and the ABC inventory control method..
Identify the types of bonds that can be issued.
Identify the types and characteristics of equity financing.
Recognize the role of the investment banker.
Distinguish difference between a private and public placement of securities.
Identify ways to control currency risk.
Recognize different types of foreign exchange exposure.
Recognize ways to rate political risk.
Identify various international sources of financing.
|Course Contents :||
Chapter 1: An Overview of Financial Management
Objectives of Managerial Finance
Profit Maximization vs. Stockholder Wealth Maximization
Finance Decisions and Risk-Return Trade-Off
Time Value of Money
Importance of Finance
Scope and Role of Finance
Controller versus Treasurer
Financial and Operating Environment
Chapter 1 Review Questions
Chapter 2: Financial Statements and Cash Flow
What and Why of Financial Statements
More on the Income Statement
Classified Financial Statements
Statement of Cash Flows
Cash Flow Analysis
Other Sections of the Annual Report
Notes to the Financial Statements (Footnotes)
How to Read a Quarterly Report
SEC Reporting Requirements - Integrated Disclosure System
Management's Discussion and Analysis (MD&A)
The Sarbanes-Oxley Act
Key Points of Auditing Standard No. 5
Chapter 2 Review Questions
Chapter 3: Evaluating a Firm's Financial Performance
What and Why of Financial Statement Analysis?
Activity (Asset Utilization, Turnover) Ratios
Solvency (Leverage, Debt Service, Long-Term Debt) Ratios
Market Value Ratios
An Overall Evaluation ‑‑ Summary of Financial Ratios
Is Ratio Analysis A Panacea?
Chapter 3 Review Questions
Chapter 4: Improving Financial Performance
What Is Return On Investment (ROI)?
What Does ROI Consist Of? The Du Pont Formula
How to Improve Return to Stockholders through Financial Leverage
Chapter 4 Review Questions
Chapter 5: Budgeting, Planning, and Financial Forecasting
The Percent-Of-Sales Method
The Sustainable Rate of Growth
How to Prepare a Budget
The Sales Budget
The Production Budget
The Direct Material Budget
The Direct Labor Budget
The Factory Overhead Budget
The Ending Inventory Budget
The Cash Budget
The Budgeted Income Statement
The Budgeted Balance Sheet
Some Financial Ratio Calculations
Chapter 5 Review Questions
Chapter 6: The Time Value of Money
How to Calculate Future Values
Future Value of an Annuity
What Is Present Value - How Much Money Is Worth Now?
Present Value of Mixed Streams of Cash Flows
Present Value of an Annuity
The Applications of Future Values and Present Values
How to Develop Loan Amortization Schedules
Annual Percentage Rate (APR)
Rates of Growth
Chapter 6 Review Questions
Chapter 7: The Meaning and Measurement of Risk and Rates of Return
Return on Investment
Arithmetic Average Return vs. Geometric Average Return
What Is Expected Rate Of Return?
How Is Risk Measured?
Types of Risk
What Is Beta?
How to Read Beta
The Arbitrage Pricing Model (APM)
Chapter 7 Review Questions
Chapter 8: Valuation of Stocks and Bonds
How to Value a Security
What is a Bond?
How to Value Bonds
How Do You Calculate Yield (Effective Rate of Return) on a Bond?
What Is Preferred Stock?
How to Value Preferred Stock
How to Calculate Expected Return from Preferred Stock
What Is Common Stock?
How to Value Common Stock
Chapter 8 Review Questions
Chapter 9: The Cost of Capital
Computing Individual Costs of Capital
Cost of Debt
Cost of Preferred Stock
Cost of Equity Capital
Measuring the Overall Cost of Capital
Level of Financing and the Marginal Cost of Capital (MCC)
Chapter 9 Review Questions
Chapter 10: Capital Budgeting: Techniques and Practice
What are the Types of Investment Projects?
What Are the Features of Investment Projects?
How Do You Measure Investment Worth?
How to Select the Best Mix of Projects with a Limited Budget
How to Handle Mutually Exclusive Investments
How Do Income Taxes Affect Investment Decisions?
Types of Depreciation Methods
Chapter 10 Review Questions
Chapter 11: Determining the Financing Mix
Break-Even Analysis, Operating Leverage, and Financial Leverage
Tools of Capital Structure Management
Capital Structure Decisions in Practice
Chapter 11 Review Questions
Chapter 12: Managing Liquid Assets
Evaluating Working Capital
Delay Frequency of Paying Employees
Investing In Marketable Securities
Management of Accounts Receivable
Chapter 12 Review Questions
Chapter 13: Short-Term Financing
Intermediate-Term Financing: Term Loans and Leasing
Chapter 13 Review Questions
Chapter 14: Debt Financing
Types of Long-Term Debt
Chapter 14 Review Questions
Chapter 15: Equity Financing
Issuing Equity Securities
Selecting a Financing Method
Chapter 15 Review Questions
Chapter 16: International Finance
The Foreign Exchange Market
Impacts of Changes in Foreign Exchange Rates
Examples of Political Risks
Chapter 16 Review Questions