CB1-Business Finance - All English

CB1-Business Finance – All English

₹16,000.00

CB1 – Business Finance – Regular Course
Faculty: Ankit Patwari & Khushi Pabari
Course Duration: 150+ hours

Category:

CB1 – Business Finance

Build Strong Foundations in Corporate Finance, Financial Accounting and Business Management

CB1 – Business Finance is a Core Principles subject in the actuarial qualification pathway offered by the Institute and Faculty of Actuaries (IFoA), UK, and the Institute of Actuaries of India (IAI).

The subject introduces the fundamental principles of corporate finance, financial accounting, business organisation and financial management. It focuses on how companies raise capital, manage financial resources, evaluate investment opportunities and report financial performance.

CB1 combines corporate governance, capital structure, investment appraisal, financial reporting and management accounting, developing essential financial and analytical skills applicable to actuarial practice.

Course Structure & Syllabus

CB1 covers the theoretical and practical principles of business finance, corporate accounting and financial decision-making.

Key Topics Covered:

  1. Corporate Governance & Business Organisation:
    Types of business organisations, corporate structures, governance principles, shareholder objectives, stakeholder responsibilities and business ethics.
  2. Sources of Finance & Capital Structure:
    Equity shares, preference shares, debt financing, financial instruments, cost of capital, financial leverage and capital structure decisions.
  3. Financial Markets & Risk Management:
    Financial markets, investment instruments, derivatives, financial risks, hedging strategies and corporate risk management.
  4. Investment Appraisal & Project Evaluation:
    Time value of money, Net Present Value (NPV), Internal Rate of Return (IRR), payback period and capital investment decisions.
  5. Financial Accounting & Reporting:
    Accounting principles, financial statements, income statements, balance sheets, cash flow statements and accounting for business transactions.
  6. Financial Statement Analysis:
    Financial ratios, profitability analysis, liquidity, solvency, financial performance evaluation and interpretation of company accounts.
  7. Management Accounting & Financial Planning:
    Budgeting, cost accounting, working capital management, financial forecasting, variance analysis and managerial decision-making.

The CB1 syllabus focuses on financial accounting, corporate finance, investment evaluation, business governance and financial analysis, developing essential skills for actuarial and financial decision-making.

Syllabus Topics & Weightages

The CB1 syllabus comprises four principal areas, with the following indicative weightages:

Topic Weightage
Corporate Governance and Organisation 18%
How Corporates Are Financed 35%
Evaluating Projects 15%
Constructing and Interpreting Company Accounts 32%
Total 100%

These weightages reflect the published IFoA CB1 syllabus framework and are indicative. Students should refer to the syllabus applicable to their examination sitting, as topic weightages may be revised.

Examination Structure

CB1 consists of a single written examination assessing financial accounting, corporate finance and business decision-making.

Particulars IAI (India) IFoA (UK)
Examination Paper CB1 – Business Finance CB1 – Business Finance
Question Format Objective + Descriptive Descriptive
Examination Duration 3 Hours 15 Minutes 3 Hours 20 Minutes
Maximum Marks 100 100
Examination Mode Centre-Based Online In-Person at Exam Centres or Remotely Invigilated Online

Important Examination Guidelines

  • IAI Examination: Includes objective and descriptive questions assessing financial concepts, accounting principles and numerical problem-solving.
  • IFoA Examination: Follows a written-response format requiring conceptual explanations, financial calculations and application-based answers.
  • Single-Paper Assessment: Unlike CM and CS examinations, CB1 does not have a separate Paper B.
  • IFoA Examination Mode: Students can indicate their preference for an authorised examination centre or remotely invigilated online examination. Final allocation is subject to availability and IFoA guidelines.
  • IAI Examination Mode: The examination is conducted online at designated examination centres in accordance with IAI’s examination arrangements.
  • Examination Requirements: Students must comply with their respective institute’s rules regarding permitted calculators, actuarial tables, software and examination conduct.

Passing Criteria

The passing requirements differ between IAI and IFoA.

Institute Passing Requirements
IAI (India) Minimum 50% marks
IFoA (UK) Must achieve the passing mark determined for the examination sitting

Important Information:

  • CB1 consists of a single examination paper.
  • IAI prescribes a minimum passing requirement of 50% under its current examination rules.
  • IFoA determines the passing mark for each examination sitting and does not prescribe a fixed passing percentage applicable to every examination.
  • Candidates who do not clear CB1 must reappear for the examination in a subsequent sitting.

Eligibility Criteria

CB1 is a Core Principles examination suitable for students developing their understanding of accounting, corporate finance and business management.

  • Students can pursue CB1 through the IAI or IFoA examination pathway, subject to the respective institute’s eligibility and registration requirements.
  • No prior actuarial examination pass is required before attempting CB1 under the IFoA pathway.
  • A basic understanding of mathematics and financial concepts is beneficial.
  • Students from Commerce, Science and Mathematics backgrounds can study CB1.
  • Students must fulfil the applicable membership, registration and examination entry requirements of their selected actuarial institute.

Learning Objectives

Studying CB1 develops the ability to:

  • Understand corporate governance and business structures.
  • Analyse different sources of business finance.
  • Evaluate capital structure and financing decisions.
  • Apply investment appraisal techniques.
  • Prepare and interpret financial statements.
  • Analyse financial performance using accounting ratios.
  • Understand financial instruments and corporate risk management.
  • Apply financial accounting and management accounting principles.

Practical Applications of CB1

The knowledge gained in CB1 is applicable across several actuarial and financial disciplines:

  1. Insurance & Pensions: Analysing financial statements, investment performance and financial positions of insurance and pension organisations.
  2. Corporate Finance: Evaluating investment projects, capital structure decisions, financing alternatives and corporate financial strategies.
  3. Banking & Investments: Understanding financial markets, capital instruments, company valuations and investment decisions.
  4. Risk Management: Assessing corporate financial risks, liquidity positions, financial leverage and business exposures.
  5. Financial Reporting & Analysis: Interpreting company accounts, evaluating financial performance and supporting management decisions.

CB1 establishes essential knowledge in corporate finance and accounting that supports other actuarial subjects, particularly CP1 – Actuarial Practice, SP5 – Investment and Finance Principles and advanced actuarial applications.

Technical Requirements – AEI Learning Application

To access online classes, recorded lectures and digital study resources, students must ensure their devices meet the following minimum technical requirements of the Actuators Educational Institute (AEI) Learning Application.

Device / Platform Minimum Requirement
Android Android 9.0 or above
Windows PC / Laptop Windows 10 or above
iPhone / iPad (iOS) iOS 12.0 or above
MacBook / iMac (macOS) Apple M1 chip or above with macOS 14 or later
WHAT YOU WILL GET

Course Deliverables

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Recorded Lectures
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Softcopy of AEI Own Study Materials
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Access to Student Dashboard
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Technical Support
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Chapter Wise MCQ Bank
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Regular Mentoring Sessions & Industry Expert Sessions
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Live Concept Classes
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Mock Test with Detailed Evaluation (6 Sets)
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Hard Copy of AEI Own Compiler
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Course Extension (2 More Terms)
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Interactive Q & A Forum

Mitali GargAIR 1
Shubhi GoelAIR 1
Yash RooplaniAIR 1
Chirag Gupta94
Nemish Koolwal94
Harshita Wasson92
Shrey Ginodia92
Chetany Rastogi90
Maahira Nopany90
Shreetu Nandi90

FACULTY

Meet The Instructor


Ankit Patwari is a qualified Chartered Accountant, US CPA, and a B.Com (Hons. in Finance) graduate from St. Xavier’s College, Kolkata. He is the Founder of Balaji Educare and has been teaching since 2009, with over 18 years of experience in professional education and 10,000+ students mentored across CA, CFA, Actuarial Science and US CPA programmes.

His core teaching expertise lies in Accounting, Costing and Finance, and he also teaches CB1 for actuarial students. He is a Google Certified Trainer and has served as guest faculty across multiple educational institutions. Known for combining strong conceptual clarity with practical application, he focuses on making technically demanding subjects structured, approachable and exam-relevant for students.

Khushi Pabari is a Qualified Chartered Accountant and an alumna of NM College of Commerce & Economics, with professional experience at EY LLP and Aditya Birla Capital across M&A Tax and FP&A roles. Her corporate experience gives her a strong understanding of taxation, financial analysis and business decision-making.

At Actuators Educational Institute, Khushi teaches US CPA Tax and CB1. Her teaching approach focuses on conceptual clarity, practical application and structured exam preparation, helping students connect technical concepts with real-world corporate and financial scenarios.

PLAYLIST

Demo Class Videos


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