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Layer 4 · Professional CertificationsCFA® Level 1Exam: CFA Institute

CFA® L1 — Corporate Issuers

Capital structure, working capital, dividend policy, ESG, and the corporate-finance fundamentals every analyst is expected to know cold.

25 hours of content1 chaptersFree during Phase 1

Quick info

Layer
Professional Certifications
Track
CFA® Level 1
Estimated hours
25 hrs
Chapters
1
Exam body
CFA Institute
Cost on Trustner
Free
Full course material live

Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.

About this course

Corporate Issuers covers capital structure, working capital, dividend policy, ESG. ~8-12% of L1 weight. Covers how companies raise capital and what drives valuation.

Who this is for

  • CFA L1 candidates.
  • Corporate finance and CFO-track professionals.

What you'll learn

  • Capital structure decisions and cost of capital
  • Working capital management
  • Dividend policy and share repurchase
  • ESG considerations

Course material — 1 chapters

Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.

  1. 1
    Reading 1

    Capital structure

    • Modigliani-Miller propositions
    • Trade-off and pecking-order theories
    ✓ Full chapter — read, examples, FAQ, MCQs

About the exam

Provider
CFA Institute

Note: ~8-12% of CFA L1 weight.

The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.

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