Module 5 - Part 2: Equity Financing and Securities Markets Describe the constant growth dividend valuation model o Know what is included / not included in this model Be able to value a stock that has a constant growth dividend Be able to figure a stock's expected rate of return Understand and describe efficient market theory & the underlying assumptions Difference on how for-profit and not-for-profits raise capital Module 6 - Part 1: Financial Planning and Budgeting Understand the differences between the different types of budgets: zero-based, static, flexible, actual Understand why budgets are important in an organization and what they are used for Breakeven volume Forecasted profit Know how to calculate (and interpret) budget variances: total, volume, revenue, management, staffing, and supplies. Know how to calculate a profit variance. Be able to determine the costs, contribution margin and profit margin for a flexible budget Module 6 - Part 2: The Basics of Capital Budgeting Describe the steps of a capital investment financial analysis Describe and understand the difference of - payback, NPV, IRR and MIRR o Interpret results of payback, NPV, IRR and MIRR (i.e. if given a scenario with these different models - which one would you choose and why) Be able to solve for payback Understand what is and what is not included in a project's cash flow estimation o Solve a cash flow estimation