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Layer 4 · Professional CertificationsCFA® Level 2Exam: CFA Institute

CFA® L2 — Corporate Issuers

Capital structure decisions, ESG analysis, M&A and corporate restructuring at the depth analysts need.

25 hours of content1 chaptersFree during Phase 1

Quick info

Layer
Professional Certifications
Track
CFA® Level 2
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

CFA L2 Corporate Issuers covers corporate restructuring, capital allocation, and corporate governance/ESG in depth. Item sets test M&A valuation, divestiture analysis, and capital-budgeting under uncertainty. ~5-10% L2 weight.

Who this is for

  • CFA L2 candidates.
  • Investment banking analysts.
  • Corporate finance professionals.

What you'll learn

  • Mergers and acquisitions — synergies, deal structuring, valuation
  • Capital allocation — NPV under uncertainty, real options
  • ESG considerations in corporate analysis

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

    Corporate restructuring — M&A and divestitures

    • Synergies (cost, revenue, financial)
    • Deal structuring (cash, stock, mixed)
    • Valuation methods
    • Anti-takeover defences
    • Tax considerations
    ✓ Full chapter — read, examples, FAQ, MCQs

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