Part 2 Introduction 1
Section A： Financial Statement Analysis 2
Topic 1： Basic Financial Statement Analysis 3
Topic 2： Financial Performance Metrics Financial Ratios 15
Topic 3： Profitability Analysis 33
Topic 4： Analytical Issues in Financial Accounting 56
Practice Questions： Financial Statement Analysis 75
Section B： Corporate Finance 93
Topic 1： Risk and Return 94
Topic 2： Managing Financial Risk 113
Topic 3： Financial Instruments 121
Topic 4： Cost of Capital 160
Topic 5： Managing Current Assets 179
Topic 6： Raising Capital 216
Topic 7： Corporate Restructuring 235
Topic 8： International Finance 243
Practice Questions： Corporate Finance 261
Section C： Decision Analysis and Risk Management 279
Topic 1： Cost/Volume/Profit Analysis 280
Topic 2： Marginal Analysis 301
Topic 3： Pricing 315
Topic 4： Risk Assessment 341
Practice Questions： Decision Analysis and Risk Management 355
Section D： Investment Decisions 375
Topic 1： Capital Budgeting Process 376
Topic 2： Discounted Cash Flow Analysis 391
Topic 3： Payback and Discounted Payback 404
Topic 4： Ranking Investment Projects 410
Topic 5： Risk Analysis in Capital Investment 418
Topic 6： Valuation 427
Practice Questions： Investment Decisions 452
Section E： Professional Ethics 470
Topic 1： Ethical Considerations for the Organization 471
Practice Questions： Professional Ethics 485
Essay Exam Support Materials 487
Essay Exam Study Tips 489
Examples of Essay Question Answers 490
Practice Essay Questions 501
Bibliography 546
Index 550
Appendix A： Present Value Tables 554
Appendix B： ICMA Learning Outcome Statements - Part 2 558