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    BFD Syllabus 2022 PDF

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    arif
    The document outlines the key skills, values, ethics, attitudes, and specific knowledge areas examined for the Certified Finance and Accounting Professional (CFAP) certification. It examines abilities such as evaluating data, communicating clearly, and responding effectively to change. It also assesses applying critical thinking, reducing bias, and considering alternatives. Specific technical knowledge covered includes capital investment appraisal, valuation techniques, portfolio selection, hedging, and risk management.

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    BFD Syllabus 2022 PDF

    Uploaded by

    arif
    68 views2 pages
    The document outlines the key skills, values, ethics, attitudes, and specific knowledge areas examined for the Certified Finance and Accounting Professional (CFAP) certification. It examines abilities such as evaluating data, communicating clearly, and responding effectively to change. It also assesses applying critical thinking, reducing bias, and considering alternatives. Specific technical knowledge covered includes capital investment appraisal, valuation techniques, portfolio selection, hedging, and risk management.

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    The document outlines the key skills, values, ethics, attitudes, and specific knowledge areas examined for the Certified Finance and Accounting Professional (CFAP) certification. It examines abilities such as evaluating data, communicating clearly, and responding effectively to change. It also assesses applying critical thinking, reducing bias, and considering alternatives. Specific technical knowledge covered includes capital investment appraisal, valuation techniques, portfolio selection, hedging, and risk management.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    68 views2 pages

    BFD Syllabus 2022 PDF

    Uploaded by

    arif
    The document outlines the key skills, values, ethics, attitudes, and specific knowledge areas examined for the Certified Finance and Accounting Professional (CFAP) certification. It examines abilities such as evaluating data, communicating clearly, and responding effectively to change. It also assesses applying critical thinking, reducing bias, and considering alternatives. Specific technical knowledge covered includes capital investment appraisal, valuation techniques, portfolio selection, hedging, and risk management.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Certified Finance and Accounting Professional (CFAP) The Institute of Chartered Accountants of Pakistan

    Key Examinable Professional Skills

    Evaluate data and information from a variety of sources and perspectives through
    1
    research, integration, and analysis.
    Communicate clearly and concisely when presenting, discussing and reporting in formal
    2
    and informal situations.
    Respond effectively to changing circumstances or new information to solve problems,
    3
    inform judgements, make decisions, and reach well-reasoned conclusions

    Key Examinable Professional Values, Ethics and Attitude

    1 Apply an inquiring mind when collecting and assessing data and information.
    2 Apply techniques to reduce bias, when solving problems, informing judgements,
    making decisions and reaching well-reasoned conclusions.
    3 Apply critical thinking when identifying and evaluating alternatives to determine an
    appropriate course of action.

    Specific Examinable Knowledge Reference

    1 Capital Investment Appraisal Techniques - NPV, APV, IRR, MIRR, EIRR, payback, capital
    rationing, profitability index, scenario planning and replacement and sensitivity analysis
    2 Valuation techniques - Dividend yield, Price earning, discounted cash flows, asset based
    valuation techniques
    3 Arbitrage Pricing Theory (APT)
    4 Weighted average cost of capital (WACC)
    4.1 Cost and market value of the equity-dividend discount model, CAPM model, Free
    cashflows model
    4.2 Cost and market value of debt - Effective interest cost discounting model, spot and
    yield to maturity or yield to call.
    4.3 Shareholder value - Dividend payout, dividend irrelevant theory, the impact of right
    issue including yield adjusted theoretical ex-right price, effect on effective holding and
    maintenance of wealth
    4.4 Capital Structure theory
    4.4(a) Tradition theory of capital structure
    4.4(b) Modigliani and Miller theory - valuation, capital structure, profit distribution, cost of
    capital and arbitrage gains in case of mispriced securities, optimal capital structure
    5 Portfolio selection – Diversifiable and non-diversifiable risks, the concept of correlation
    and covariance and two, three and multiple asset portfolio
    6 Capital Asset Pricing Model – Cost of equity, ungearing and re-gearing beta, under and
    overvalued securities based on security market line (SML)
    7 Hedging interest rate : Futures, Options, Swaps, Swaptions and Forward agreement

    CFAP Syllabus- Winter 2022 20


    The Institute of Chartered Accountants of Pakistan Certified Finance and Accounting Professional (CFAP)

    8 Hedging Foreign Exchange : Currency futures, Swaps, Options, Forward, Swaptions and
    Money Market hedge
    9 Commodity and security: Forward and future contracts
    10 Liquidity risk management through liquidity indicators, stress testing, forecasting,
    contingency planning.
    11 Credit risk management through financial and non-financial analysis, factoring and
    insurance

    CFAP Syllabus- Winter 2022 21

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