Material on the second exam

The second exam is not explicitly cumulative, but of course some material assumes that you have learned prior stuff (e.g., you can't calculate operating capital unless you feel comfortable with financial statements).  The format of the exam will be similar to the first, but there will likely be more written answer and less multiple choice.  I certainly would not be surprising anyone by saying that you should feel comfortable with capital budgeting techniques and cash flow estimation.

• Chapter 2 - taxation and financial measures (NOPAT, operating capital, etc.)
• Chapter 12 - forecasting
• Chapter 10 - capital budgeting techniques (NPV, IRR, etc. - but no profitability index)
• Chapter 11 - estimating cash flows, but no risk analysis

Though I don't think most people will need it, you will be allowed 2 hours to complete the exam.  You can have a page of notes, your calculator / phone app / excel, and a writing instrument.  Also, please bring some additional paper for written answer questions.

I will not be available this Friday, but will be here all next week.  Let me know if you would like to talk or would like to stop by.