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Technical

Financing - Debt Finance Logo cgma

  Kaplan Publishing Limited |   $55.00 - 65.00 |   CPE: 1.5 |   AICPA |   Feb 2015 |   Finance |   AICPA Store

This CPE course is included in the 50+ hours of CGMA Strategic Management Accounting. It can also be purchased individually or as a part of Corporate Financial Strategy.

This CPE course looks at the different sources of debt finance, and the criteria to consider when trying to manage the risk associated with an entity's debt finance. It concludes by introducing the important lease versus buy decision.

Topics Discussed

  • Criteria for selecting appropriate debt instruments (e.g. bank borrowings, bonds, convertible bonds, commercial paper)
  • Target debt profile (e.g. interest, currency and maturity profile) to manage interest, currency and refinancing risk
  • Use of cross-currency swaps and interest rate swaps to change the currency or interest rate profile of debt
  • Tax considerations in the selection of debt instruments
  • Procedures for issuing debt securities (private placement and capital market issues, role of advisers and underwriters)
  • Debt covenants (e.g. interest cover, net debt/EBITDA, debt/debt+equity)
  • The lease or buy decision (for both operating and finance leases)

Learning Objectives

When you complete this course, you will be able to:

  • Identify and compare alternative methods of raising long-term debt finance.

Who Will Benefit?

  • CGMA exam candidates
  • Management accountants wanting to develop skills in corporate financial strategy

DISCOUNTS

CGMA designation holders qualify for additional discounts on this product.

In order to receive your special pricing, you must be registered and signed in. View the complete list of development products available on CGMA.org.

Topics covered:
  • Management accounting: CGMA exam preparation: CPA pathway to CGMA, Intermediate
  • Management accounting: Technical: Corporate finance & treasury management: Corporate funding, Intermediate
Who Will Benefit?
  • CGMA exam candidates
  • Management accountants wanting to develop skills in corporate financial strategy
Topics Discussed
  • Criteria for selecting appropriate debt instruments (e.g. bank borrowings, bonds, convertible bonds, commercial paper)
  • Target debt profile (e.g. interest, currency and maturity profile) to manage interest, currency and refinancing risk
  • Use of cross-currency swaps and interest rate swaps to change the currency or interest rate profile of debt
  • Tax considerations in the selection of debt instruments
  • Procedures for issuing debt securities (private placement and capital market issues, role of advisers and underwriters)
  • Debt covenants (e.g. interest cover, net debt/EBITDA, debt/debt+equity)
  • The lease or buy decision (for both operating and finance leases)
Learning Objectives

When you complete this course, you will be able to:

  • Identify and compare alternative methods of raising long-term debt finance.

This CPE course is included in the 50+ hours of CGMA Strategic Management Accounting. It can also be purchased individually or as a part of Corporate Financial Strategy.

This CPE course looks at the different sources of debt finance, and the criteria to consider when trying to manage the risk associated with an entity's debt finance. It concludes by introducing the important lease versus buy decision.

Comments/Reflections