Sources of Capital (2022 CFA® Level I Reading 29 – Corporate Issuers)

Описание: Ace CFA Level I – Corporate Issuers: Sources of Capital. In this lesson, we break down short- and long-term financing, working capital, liquidity (primary vs secondary), key ratios (current, quick, turnovers), and how to evaluate short-term funding choices. Perfect for rapid revision before exam day.

What you’ll learn:
Short vs long-term financing; debt vs equity; commercial paper
Firm-specific vs macro factors: tax shield, inflation, yield curve, FX risk, agency costs
Liquidity management: primary/secondary sources, timing of cash flows
Peer comparison using current/quick ratios, AR/AP & inventory metrics
Evaluating short-term funding strategies and credit lines

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Topic 4 – Corporate Issuers
Reading 29 – Sources of Capital
0:00 Introduction and Learning Outcome Statements
1:15 LOS: Describe types of financing methods and considerations in their selection.
17:08 LOS: Describe primary and secondary sources of liquidity and factors that influence a company’s liquidity position.
19:41 LOS: Compare a company’s liquidity position with that of peer companies.
23:06 LOS: Evaluate choices of short-term funding.
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