Module 21.1 FCF Computation | CFAVID

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2024 CFA Level2 Class

Quantitative Methods

Module 1.1 Basics of Multiple Regression and Underlying Assumptions (19:11)
Module 1.2 Evaluating Regression Model Fit and Interpreting Model Results (27:00)
Module 1.3 Model Specification (40:01)
Module 1.4 Extensions of Multiple Regression (36:34)
Module 2.1 Linear and Log-Linear Trend Models (17:02)
Module 2.2 Autoregressive (AR) Models (29:57)
Module 2.3 Random Walks and Unit Roots (14:15)
Module 2.4 Seasonality (12:45)
Module 2.5 ARCH and Multiple Time Series (11:20)
Module 3.1 Types of Learning and Overfitting Problems (19:01)
Module 3.2 Supervised Learning Algorithms (11:13)
Module 4.1 Data Analysis Steps (17:04)
Module 4.2 Data Exploration (13:49)
Module 4.3 Model Training and Evaluation (16:42)

Economics

Module 5.2 Mark-to-Market Value, and Parity Conditions (43:22)
Module 5.1 Forex Quotes, Spreads, and Triangular Arbitrage (58:36)
Module 5.3 Exchange Rate Determinants, Carry Trade, and Central Bank Influence (44:38)
Module 6.1 Growth Factors and Production Function (33:47)
Module 6.2 Growth Accounting and Influencing Factors (15:40)
Module 6.3 Growth and Convergence Theories (29:59)
Module 7.1 Economics of Regulation (25:40)

Financial Statement Analysis

Module 8.1 Classifications (3:54)
Module 8.2 Investments in Financial Assets (IFRS 9) (43:51)
Module 8.3 Investment in Associates, Part 1—Equity Method (18:13)
Module 8.4 Investment in Associates, Part 2 (16:55)
Module 8.5 Business Combinations- Balance Sheet (21:49)
Module 8.6 Business Combinations- Income Statement (10:51)
Module 8.7 Business Combinations- Goodwill (27:53)
Module 8.8 Joint Ventures (13:08)
Module 8.9 Special Purpose Entities (37:41)
Module 9.1 Share-Based Compensation (24:52)
Module 9.2 Post-Employment Benefits (57:38)
Module 10.1 Transaction Exposure (15:24)
Module 10.2 Translation (10:42)
Module 10.3 Temporal Method (16:41)
Module 10.4 Current Rate Method (18:09)
Module 10.5 Example (24:03)
Module 10.6 Ratios (12:54)
Module 10.7 Hyperinflation (14:30)
Module 10.8 Tax, Sales Growth, Financial Results (12:47)
Module 11.1 Financial Institutions (18:01)
Module 11.2 Capital Adequacy and Asset Quality (38:51)
Module 11.3 Management Capabilities and Earnings Quality (9:54)
Module 11.4 Liquidity Position and Sensitivity to Market Risk (18:22)
Module 11.5 Other Factors (12:17)
Module 11.6 Insurance Companies (55:26)
Module 12.1 Quality of Financial Reports (21:05)
Module 12.2 Evaluating Earnings Quality, Part 1 (37:49)
Module 12.3 Evaluating Earnings Quality, Part 2 (55:51)
Module 12.4 Evaluating Cash Flow Quality (6:34)
Module 12.5 Evaluating Balance Sheet Quality (12:28)
Module 13.1 Framework for Analysis (6:24)
Module 13.2 Earnings Sources and Performance (19:28)
Module 13.3 Asset Base and Capital Structure (31:31)
Module 13.4 Capital Allocation (18:11)
Module 13.5 Earnings Quality and Cash Flow Analysis (19:38)
Module 13.6 Market Value Decomposition (9:09)
Module 14.1 Forecasting Financial Statements (18:40)
Module 14.2 Competitive Analysis and Growth Rate (11:10)

Corporate Issuers

Module 15.1 Theories of Dividend Policy (36:52)
Module 15.2 Stock Buybacks (32:17)
Module 16.1 Global Variations in Ownership Structures (12:56)
Module 16.2 Evaluating ESG Exposures (13:15)
Module 17.1 Factors Affecting the Cost of Capital and the Cost of Debt (19:34)
Module 17.2 ERP and the Cost of Equity (39:42)
Module 18.1 Restructuring Types and Motivations (26:01)
Module 18.2 Valuation (17:35)
Module 18.3 Evaluation (18:31)

Equity Valuation

Module 19.1 Equity Valuation- Applications and Processes (25:38)
Module 20.1 DDM Basics (18:50)
Module 20.2 Gordon Growth Model (21:28)
Module 20.3 Multiperiod Models (22:55)
Module 21.1 FCF Computation (26:25)
Module 21.2 Fixed Capital and Working Capital (10:44)
Module 21.3 Variations of Formulae (10:16)
Module 21.4 Example (9:43)
Module 21.5 FCF Other Aspects (20:31)
Module 22.1 P_E Multiple (43:19)
Module 22.2 P_B Multiple (11:48)
Module 22.3 P_S and P_CF Multiple (20:14)
Module 22.4 EV and Other Aspects (24:16)
Module 23.1 Residual Income Defined (9:13)
Module 23.2 Residual Income Computation (17:06)
Module 23.3 Constant Growth Model for RI (5:46)
Module 23.4 Continuing Residual Income (15:39)
Module 23.5 Strengths_Weaknesses (15:58)
Module 24.1 Private Company Basics (18:58)
Module 24.2 Discount Rate (30:05)
Module 24.3 Valuation (24:32)

Fixed Income

Module 25.1 Spot and Forward Rates, Part 1 (39:25)
Module 25.2 Spot and Forward Rates, Part 2 (10:53)
Module 25.3 The Swap Rate Curve (4:22)
Module 25.4 Spread Measures (15:57)
Module 25.5 Term Structure Theory (11:47)
Module 25.6 Yield Curve Risks and Economic Factors (24:14)
Module 26.1 Binomial Trees, Part 1 (17:05)
Module 26.2 Binomial Trees, Part 2 (12:47)
Module 26.3 Interest Rate Models (12:56)
Module 27.1 Types of Embedded Options (7:33)
Module 27.2 Valuing Bonds with Embedded Options, Part 1 (12:14)
Module 27.3 Valuing Bonds with Embedded Options, Part 2 (13:07)
Module 27.4 Option-Adjusted Spread (20:25)
Module 27.5 Duration (10:53)
Module 27.6 Key Rate Duration (15:37)
Module 27.7 Capped and Floored Floaters (10:10)
Module 27.8 Convertible Bonds (21:16)
Module 28.1 Credit Risk Measures (24:10)
Module 28.2 Analysis of Credit Risk (9:31)
Module 28.3 Credit Scores and Credit Ratings (9:14)
Module 28.4 Structural and Reduced Form Models (28:00)
Module 28.5 Credit Spread Analysis (10:03)
Module 28.6 Credit Spread (17:14)
Module 28.7 Credit Analysis of Securitized Debt (8:56)
Module 29.1 CDS Features and Terms (15:46)
Module 29.2 Factors Affecting CDS Pricing (10:24)
Module 29.3 CDS Usage (18:26)

Derivatives

Module 30.2 Pricing and Valuation of Equity Forwards (17:47)
Module 30.1 Pricing and Valuation Concepts (13:03)
Module 30.3 Pricing and Valuation of Fixed Income Forwards (20:25)
Module 30.4 Pricing Forward Rate Agreements (14:41)
Module 30.5 Valuation of Forward Rate Agreements (11:28)
Module 30.6 Pricing and Valuation of Interest Rate Swaps (19:20)
Module 30.7 Currency Swaps (17:23)
Module 30.8 Equity Swaps (11:27)
Module 31.1 The Binomial Model (11:28)
Module 31.2 Two Period Binomial Model and Put-Call Parity (14:52)
Module 31.3 American Options (14:47)
Module 31.4 Hedge Ratio (15:28)
Module 31.5 Interest Rate Options (22:19)
Module 31.6 Black-Scholes-Merton and Swaptions (29:06)
Module 31.7 Option Greeks and Dynamic Hedging (28:15)
Module 32.1 Introduction and Theories of Return (11:36)
Module 32.2 Analyzing Returns and Index Construction (9:59)

Derivatives

Module 33.2 Investments in Real Estate Through Publicly Traded Securities (32:54)
Module 33.1 Overview of Types of Real Estate Investment (28:20)
Module 34.1 Overview of Hedge Fund Strategies (4:06)
Module 34.2 Equity, Event-Driven, and Relative Value Strategies (29:35)
Module 34.3 Opportunistic, Specialist, and Multi-Manager Strategies (23:05)
Module 34.4 Factor Models and Portfolio Impact of Hedge Funds (9:54)

Portfolio Management

Module 35.1 ETF Mechanics and Tracking Error (14:52)
Module 35.2 Spreads, Pricing Relative to NAV, and Costs (11:25)
Module 35.3 ETF Risks and Portfolio Applications (13:37)
Module 36.1 Multifactor Models (17:41)
Module 36.2 Macroeconomic Factor Models, Fundamental Factor Models, and Statistical Factor Models (15:54)
Module 36.3 Multifactor Model Risk and Return (16:40)
Module 37.1 Value at Risk (VaR) (26:34)
Module 37.2 Using VaR (21:26)
Module 37.3 Sensitivity and Scenario Risk Measures (13:28)
Module 37.4 Applications of Risk Measures (22:54)
Module 37.5 Constraints and Capital Allocation Decisions (11:26)
Module 38.1 Introduction to Backtesting (5:05)
Module 38.2 Backtesting an Investment Strategy (7:13)
Module 38.3 Metrics, Visuals, and Problems in Backtesting (7:47)
Module 38.4 Scenario Analysis and Sensitivity Analysis (10:02)
Module 39.1 Valuation and Interest Rates (36:40)
Module 39.2 The Business Cycle (15:23)
Module 40.1 Value Added by Active Management (27:21)
Module 40.2 The Information Ratio vs. the Sharpe Ratio (46:11)
Module 40.3 The Fundamental Law (39:58)
Module 40.4 Active Management (26:01)

Ethical and Professional Standards

Module 41.1 Introduction to the Code and Standards (28:36)
Module 42.1 Standards I(A) and I(B) (21:24)
Module 42.2 Standards I(C) and I(D) (8:13)
Module 42.3 Standards II(A) and II(B) (11:02)
Module 42.4 Standard III(A) (12:54)
Module 42.5 Standards III(B) and III(C) (18:53)
Module 42.6 Standards III(D) and III(E) (10:58)
Module 42.7 Standards IV(A), IV(B), and IV(C) (17:25)
Module 42.8 Standard V (18:53)
Module 42.9 Standard VI (15:42)
Module 42.10 Standard VII (11:58)
Module 43.1 Ethics Case Studies (13:58)

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Module 21.1 FCF Computation

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