Level I CFA® Program Prep (2023) – Corporate Issuers

Corporate Structures and Ownership (2023)
2 Nuggets
Business Structures (2023)
For-profit Corporations and Investor Claims (2023)
Corporate Governance and ESG
8 Nuggets | 1 Quiz
Corporate Governance Overview And Stakeholder Groups
Relationships in Corporate Governance
Stakeholder Management
Board of Directors and Committees
Factors Affecting Stakeholder Relationships and Corporate Governance
Risks and Benefits of Corporate Governance and Stakeholder Management
Analysis of Corporate Governance and Stakeholder Management
ESG Considerations for Investors
QUIZ: Corporate Governance and ESG
Business Models and Risks (2023)
2 Nuggets
Features and Types of Business Models (2023)
Business Risk and Leverage Implications (2023)
Capital Investments
5 Nuggets | 1 Quiz
The Capital Allocation Process
Basic Principles of Capital Allocation
Investment Decision Criteria
Common Pitfalls in Capital Budgeting
Real Options
QUIZ: Uses of Capital
Working Capital and Liquidity
3 Nuggets | 1 Quiz
Sources of Funds
Managing and Measuring Liquidity
Evaluating Short-Term Financing Choices
QUIZ: Sources of Capital
Cost of Capital – Foundational Topics
4 Nuggets | 1 Quiz
Weighted Average Cost of Capital
Costs of the Different Sources of Capital
Project Beta
Flotation Costs
QUIZ: Cost of Capital
Capital Structure
5 Nuggets | 1 Quiz
Capital Structure and Company Life Cycle
Theories of Capital Structure I – MM Propositions
Theories of Capital Structure II – Static Trade-off Theory
Factors Affecting Capital Structure Decisions
Stakeholder Interests in Capital Structure Decisions
QUIZ: Capital Structure
Measures of Leverage
5 Nuggets | 1 Quiz
Definitions in Leverage
Business Risk and the Degree of Operating Leverage
Financial Risk and the Degree of Financial Leverage
Degree of Total Leverage
Breakeven Point
QUIZ: Measures of Leverage
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Stakeholder Interests in Capital Structure Decisions

Level I CFA® Program Prep (2023) – Corporate Issuers Capital Structure Stakeholder Interests in Capital Structure Decisions
  • [e] Conflicts in stakeholder interests in capital structure decisions
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Welcome to PrepNuggets

Hey Future CFA Charterholder,

Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!

I struggled with dense textbooks, late-night cramming, and the frustration of concepts that seemed impossible after a long workday. But after passing Level I (barely), I realized something had to change.

Studying Smarter, Not Harder

Using the Pareto Principle (80/20 rule), I distilled the vast CFA syllabus into essential, easy-to-understand nuggets. I leaned into visual summaries and bite-sized learning sessions that worked around my busy schedule. This smarter approach helped me clear Levels II and III on my first attempts with significantly less stress.

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Here’s to your CFA journey!

Keith Tan, CFA
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About the Author

PrepNuggets

Keith is the founder and chief instructor of PrepNuggets. He has a wide range of interests in all things related to tech, from web development to e-learning, gadgets to apps. Keith loves exploring different cultures and the untouched gems around the world. He currently lives in Singapore but frequently travels to share his knowledge and expertise with others.

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