SC Licensing Examination Revision

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SCLE Revision: Investment Management and Corporate Finance  (Module 12)

Module 12: Investment Management and Corporate Finance

Duration: 3 days
Venue: Securities Commission Malaysia

Programme Objective

This course equips participants with comprehensive understanding and knowledge based on the Module 12 Study Outline. Participants will advance their knowledge and comprehension further via an interactive teaching and learning experience while increasing their confidence in sitting for the examination.  This course will be facilitated by an experienced and qualified trainer. 

Programme Overview

This 3-day course is designed to match the licensing study outline for Module 12 on investment management and corporate finance. It covers the fundamental aspects of investment, economic and market value added, financial statement analysis, valuations, derivatives and corporate exercises.  

Who Should Attend
  • Candidates preparing for the Module 12 licensing examination
  • New entrants to the capital market industry and staff of investment banks 
     

  • Programme Delivery

    Learning Outcomes

    Candidates are expected to have good knowledge, understanding and ability to apply in the following areas:

    • Investment environment of the Malaysian capital market
    • Economic fundamentals
    • Inter-relationship between corporate finance, investment and strategic management
    • Concept of shareholder value and its determinants
    • Techniques of financial statement analysis and use of various ratios to gain insights into a company’s performance measure
    • Methods of computing economic value added and market value added
    • Concept of time value of money and opportunity cost of capital
    • Capital budgeting techniques used in making project decisions
    • Relationship between risks and returns and how they are measured
    • Levels and implications of market efficiency on technical and fundamental analysis and portfolio management
    • Basic portfolio theory principles
    • Process of portfolio management and evaluation of its performance
    • Common forms of financing and factors to consider in determining the optimal capital structure
    • Financing decisions which covers debt financing, equity financing and dividend policy
    • Definitions of value and role of valuation
    • Valuation methodologies and their limitations
    • Various forms of derivatives used to hedge financial risks arising from both the investment and financing decisions of a company
    • Interaction of financing and investment decisions in corporate exercises such as corporate restructuring, mergers and acquisitions

    Candidates' Prerequisites

    Candidates are expected to have relatively strong capability in the application and analysis of information provided in this outline and its reference.

    Methodology

    This course will be delivered using effective learning methods which include presentations, discussions and review examination questions. 
  • Programme Outline

    DAY ONE

    0830am Registration
    0900am Overview of the Investment Environment 
    • Development of the Capital Market and its Technology
    • The Malaysian Markets
    • Growth of Capital Market Products and Services in Malaysia
    • Regulatory Framework of the Malaysian Capital Market 
    Fundamentals of Economics 
    • Economic Fundamentals
    • The Real Economy
    • The Public Sector
    • Monetary Policy
    • The International Sector
    • International Economics
    • Economic Analysis and Investment Strategy
    • Economic Indicators – Usefulness and Practicality for Market Participants  
    1045am Refreshments
    1100am Strategic Management 
    • Overview of Strategic Management
    • Linking Corporate Finance with Strategic Management
    • Shareholder Value

    Financial Statement Analysis and Performance Measurement 

    • The Importance of Financial Statement Analysis
    • Financial Statement Analysis
    • Economic Value Added
    • Market Value Added
    Risks and Returns 
    • Present Value and Opportunity Cost of Capital
    • Capital Budgeting
    • Measurement of Risk
    • Measurement of Investment Returns 
    0100pm Lunch
    0200pm Portfolio Theory 
    • Risk Aversion and Utility
    • Markowitz Portfolio Theory
    • Capital Asset Pricing Model
    • Arbitrage Pricing Theory
    0345pm Refreshments
    0400pm Portfolio Management 
    • Market Efficiency
    • Security Analysis
    • An Introduction to Portfolio Management
    • Evaluation of Investment Performance
    • The Stakeholder Theory
    Financing Decisions 
    • The Financing Decision
    • Capital Structure
    • Financial Decisions in a Perfect Market 
    0530pm End of Day One

    DAY TWO

    0830am Registration
    0900am Debt Financing 
    • Key Categories of Debt Financing Services
    • Valuation of Bonds
    • Price Volatility
    • Convertible Bonds Quiz and Summary
    Equity Financing 
    • Types of Equity Financing
    • Valuation of Equity
    • Effects on Corporate Exercises 
    1045am Refreshments
    1100am Dividend Policy 
    • Definition of Dividend Policy
    • Dividend Theories
    • Dividend Policy Issues
    • The Dividend Policy
    • Other Forms of Dividend
    Valuation
    • The Role of Valuation
    • What is Value?
    • Valuation Models, Approaches and Applications
    • Discounted Cash Flow Valuation
    • Dividend Discount Model
    • Relative Valuation
    • Asset-based Valuations
    • Discounts, Premiums and other Considerations
    • Alternative Valuation Models
    0100pm Lunch
    0200pm Options
    • Definition and Concept of Options
    • Trading of Options
    • Option Payoffs
    • Option Strategies
    • Option Valuation
    • Options in Portfolio Management 
    0345pm Refreshments
    0400pm

    Swaps and Interest Rate Options

    • Definition and Concept of Swaps
    • Types of Swaps
    • Other Options on Debt Instruments and Interest Rates 
    0530pm End of Day Two

    DAY THREE

    0830am Registration
    0900am Futures
    • Definition and Concept of Futures
    • The Futures Market
    • Futures Pricing Review
    • Commodity Futures
    • Equity Futures 
    • Interest Rate Futures
    • Bond Futures
    1000am Refreshments
    1015am Structured Products
    • What is a Structured Product?
    • Issuers of Structure Products in Malaysia
    • Uses and Benefits of Using Structured Products
    • Components of a Structured Product
    • Features and Payout Structures of Structured Products
    • Risks of Investing in Structured Products
    0100pm Lunch
    0200pm Corporate Restructuring and Mergers and Acquisitions 
    • Types of Corporate Restructuring Exercises
    • Mergers and Acquisitions
    • Divestitures
    • Leveraged Buyout
    • Capital Reduction and Consolidation
    • Recapitalisation
    • Liquidation and Winding-up
    • Schemes of Arrangement and Reconstruction
    • Motives and Determinants
    • Regulatory Framework
    • International Mergers and Acquisitions 
    0330pm Refreshments
    0345am Revision and Feedback Session on Set of Questions
    0530pm End of Day Three
  • Programme Fees

    For fee enquiries and registration, please contact +603-6204 8664 / 8263 / 8857, or email us at sidc@sidc.com.my