The Corporate Finance Education Program

2010-2011

INSIDE

3 The Benefits of the CF Experience

8 The CF Learning and Qualification Matrix
10 A Hand-picked Faculty

12 Read, Listen, Discuss and Apply

14 A Curriculum for CF Competency

18 Earning the International CF Qualification

19 The CF Professional Network

20 Application Form

“Take on the world of global corporate finance”

CF graduates raise the global corporate finance
capabilities of your organization
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The Benefits of the CF Experience

How Will Your Organization Benefit from Participating
in the Corporate Finance Education Program?

The Corporate Finance Education Program

(“CF Program”) will benefit professionals in
traditional corporate settings, investment banking, “ We found that the CF qualification
venture capital, commercial banking and professional
service firms who advise and counsel clients on
provided a much more relevant
corporate finance strategy, or who are responsible and comprehensive education
internally for building value in their organization.
package for our CF professionals
The CF Program provides the best training in the
marketplace for professionals involved in growing,
than the alternatives. Many of the
developing, buying and selling businesses. alternatives focused on specific
The CF Program delivers both an technical aspects of what a CF
immediate and enduring impact... professional needs to be equipped
... on Your Organization: with, however they did not pull
• Real world case studies, industry the whole package together in a
experts and facilitated discussions
quickly lead to best practice skills and
structured manner.”
technical expertise that can be used Iain Child, CF, Partner, Deloitte
immediately in the workplace

• The CF Program accelerates learning

& fast tracks management potential to
add value to the bottom line

• Flexible learning package minimizes

time away from the office

• CF graduates raise the global corporate

finance capabilities of your organization

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The Benefits of the CF Experience The Corporate Finance Education Program | 2 01 0 -2 01 1

How Will You Benefit from Participating in the

Corporate Finance Education Program?

The CF Program delivers both an “ The case study format makes the CF course
immediate and enduring impact...
a hands-on learning experience in a risk
... on You Professionally:
free environment. Add the guidance from
• Your enhanced technical knowledge,
sharper interpretation and application
Corporate Finance faculty, and I acquired
skills, confidence and vision will help you the skills and confidence to handle real life
to be an effective Corporate Finance
Leader situations.
• The CF Program replicates real world Midway through the first year, I was able to
challenges that you will experience in
your day-to-day work participate effectively in Corporate Finance
• You’ll learn best practices by working
initiatives at my employer, and achieved
towards the only professional successive promotions culminating in the
qualification tailored to meet the
demands of the corporate finance CFO position.
marketplace
The course was a life altering experience
• The flexible learning schedule will fit into
your busy professional lifestyle for me; strengthened a thoughtful and
• You’ll gain mobility and earning potential balanced approach, an attribute needed in
that come with an internationally- Corporate Finance and success in life.”
recognized qualification
Mukesh Sabharwal, CA, CF, Vice President and CFO,
• The top-rated faculty of experts with Advantex Marketing International Inc.
exceptional teaching proficiency will
share their wealth of knowledge and
experience with you

• You’ll have access to unprecedented

networking and idea-sharing with other
CF students, faculty and guest speakers

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The Benefits of the CF Experience

Who Should Attend The CF Program has been developed exclusively
for corporate finance professionals, by corporate
finance professionals. It’s more than continuing
the CF Program? education – it’s a “Career Development
Experience” ideally suited for:
• Investment bankers
• CFO/Treasurers
• Venture Capitalists
• Commercial Bankers
• Corporate Finance Executives
• Corporate Development Executives
It will benefit you if you advise clients on, or are
responsible internally for:
• M&A transactions
• Restructurings
• Divestitures
• Valuations
• Financing transactions

The CF Program has been developed

exclusively for corporate finance professionals,
by corporate finance professionals.

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The Benefits of the CF Experience The Corporate Finance Education Program | 2 01 0 -2 01 1
Are you a Candidate for the
CF Education Program?
The CF Program has been designed for
Chartered Accountants and other professionals
with appropriate business experience. Before
entering the Program, you should have a good
understanding of the following areas from
a combination of work experience, in-house
training and formal education:
• Financial Statement Analysis –
understanding of the major components
of financial statements, accounting and
financial treatment of equity and debt,
cash flows, and financial ratios.
• Investment and Valuation Techniques –
knowledge of payback, discounted
cash flow, NPV, internal rate of return;
derivation of the cost of debt and
the equity cost of capital; concepts
of risk, return and diversification, and
measurement of risks.
• Technical Analysis – basic familiarity of
technical charting and related analytical
concepts and methods.
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• Ethical Codes and Corporate
Governance – knowledge of the role of
government agencies in regulating the
capital markets, disclosure requirements
for public and private companies,
and concepts of business ethics and
corporate responsibility.
• Securities Regulation – understanding
of the role of participants in an IPO,
including the firm and its management,
regulators, investment banks, lawyers
and due diligence practitioners. Basic
knowledge of listing and prospectus
requirements.
• Quantitative Methods – knowledge of
basic statistical concepts (eg, variance,
standard deviation, median) and
forecasting methods.
• Proficiency in Microsoft Excel – a
degree of proficiency in the use of
spreadsheet software is necessary in
order to analyze transactions during
self-study, in-class sessions and the CF
Program examinations.
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The Benefits of the CF Experience

Are you a Candidate for the
CF Education Program?

While an in-depth mastery of these subject areas

is neither expected nor required, you should
satisfy yourself that your professional training
and experience have provided you with exposure
and insight into the majority of the items noted
above.

Proper self-assessment and addressing of any

deficiencies are essential to ease the workload
and enhance your understanding of the material
covered in the CF Program. To discuss the
suitability of the CF Education Program to
your current professional situation, contact
The CF Program
Valerie Leach, Principal – Corporate Finance has been designed
Qualification at 416-204-3451 or
valerie.leach@cica.ca for Chartered
Accountants and other
professionals with
appropriate business
experience.

You can address isolated gaps in your

background knowledge by participating
in one or more of the “Primer & Refresher
Courses” offered by CICA and by a number
of Provincial Institutes/Ordre of Chartered
Accountants across Canada.
See page 14 for details.

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The CF Learning and Qualification Matrix

The CF Learning and Qualification Matrix

The CF Education Program delivers 10 years of learning in 2 years. Add the requisite experience
CF

and you’ve fast tracked your way into an elite group of globally recognized CF professionals
with representation in over 50 countries.

“ The CF Program provided me with detailed and practical knowledge, helping me to

better advise my clients in Canada and around the world. The superb curriculum,
faculty and classmates at the CF Program provided an environment where my
PART III

technical skills could be honed in real-life simulations. In addition, I’ve found the
Program’s global perspective to be an important asset to me in my career.”
Adam Zalev, MMPA, CA, CF, Director, Alvarez & Marsal Canada ULC

The Intermediate Stage consists of 3 classroom sessions to be held from Intermediate Exam
October/November to February. March 2011
The emphasis in the Intermediate Stage is on providing transaction-oriented The 4-hour Intermediate exam
knowledge to enhance and develop key analytical skills. On completion, you is based on an original corporate
will be able to understand a broad range of client needs, both nationally and finance case study. Successful
internationally, and to assist in the practical completion of corporate finance deals. completion of the Intermediate
Modules in the Intermediate Stage include: Exam will ensure your entry into
the Advanced Stage.
PART II

• Interpretation of Financial Statements

• Valuation
• Debt & Equity
• Changes in Control
• Corporate Governance, Strategy & Ethics
See pages 15-16 for individual module details.
Intermediate Self-Study
The Intermediate Stage’s self-study materials are organized around a comprehensive
set of readings and practical exercises. These self-study materials will prepare you
for, and complement your work during, the Intermediate Stage sessions above. You
should expect to spend a minimum of 150 hours to complete these materials.

Primer & Refresher Courses

PART I

Part I is optional, but highly recommended. These courses offer a combination of

classroom and e-learning modules designed as a primer for you if you’re starting
out in corporate finance, or as a great refresher to kick start the CF Program.
See page 14 for more details.

Timing Fall 2010 March 2011

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The CF Learning and Qualification Matrix

The CF Learning and Qualification Matrix

Congratulations!
Demonstrate relevant CF work experience
and take your place among the most
influential and successful international
corporate finance professionals, now in
over 50 countries around the world.

The Advanced Stage consists of 3 in-residence classroom Advanced Exam

sessions to be held from November to February. March 2012
The Advanced Stage builds on the concepts learned in the Intermediate You must successfully complete
Stage, delivering practical knowledge of corporate finance transactions this final 4-hour advanced
in a number of key areas recognized by the industry and internationally. corporate finance case study
In the Advanced Stage, you will hone your skills to the highest levels of exam before applying for the
deal management. You’ll achieve an understanding of how to integrate CF qualification.
an organization’s mission and strategic and financial objectives, into a The Advanced exam simulates
value-creating corporate finance strategy. a real-life, complex corporate
Modules in the Advanced Stage include: finance transaction, focusing on
• Advanced Changes in Control & Restructuring the strategic decision-making
• Mergers & Acquisitions and deal-structuring processes.
• Advanced Debt & Equity Issues Background to the case study
• Strategic Financial Management will be sent to you in advance
See page 17 for individual module details. of the exam date so you can
Advanced Stage Self-Study familiarize yourself with the
strategic issues and situational
The Advanced Stage self-study materials are organized around a context of the subject company.
second set of readings and practical exercises. They are comprehensive During the exam, you will receive
materials that will require an average of 250 hours to complete. These new information affecting the
self-study materials will prepare you for, and complement your work corporate situation and your
during, the Advanced Stage sessions above. response to the transaction.

Fall 2011 March 2012

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The Corporate Finance Faculty Team

A Hand-picked Faculty

CF faculty members are experts in the corporate finance marketplace. We pick top-rated professionals
from academia, international corporate advisory firms and specialized boutique finance firms –
practitioners and educators with extensive knowledge and experience, superb platform skills, and a
willingness to share it all with other professionals working in corporate finance.The 2010-11 CF Faculty

Team is in touch with best practices from leading companies around the globe through their consultations
and negotiations on successful financing deals, their extensive research and case writing.

Our CF faculty members are skilled facilitators that know when to step in and when to hold back, to push
your strategic thinking to a new level and to help you develop your own skills and insight to create value
in your organization and for your clients.

Michael Badham, CA•CBV, CF

Strategic Financial Designer, Cambridge Corporate Development Inc.

Michael Badham advises clients on M&A transactions, financings, infrastructure and

corporate growth opportunities. With a varied background obtained over the past
30 years as a partner in charge of a large corporate finance practice, a partner in a
merchant bank and a director in an investment bank, Michael has provided advice,
guidance and strategic ideas covering public and private financings, as well as
complex cross-border M&A transactions to a broad range of corporate Canada.

Craig Gibson, CA, CBV, CF

Managing Director, Cambridge Corporate Development Inc.

A former partner of a large corporate finance practice, Craig Gibson has over
25 years of investment banking experience, including debt and equity finance,
mergers, acquisitions, divestitures, valuation and strategy. He has completed
transactions for public and private corporations in many industries at values
between $5 million and over $300 million. Craig is particularly experienced in the
technology, cable television, media and entertainment areas.

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The Corporate Finance Faculty Team

A Hand-picked Faculty
John Jaźwiński, CFA, CF
Vice President and Director, Deloitte & Touche LLP

John Jaźwiński provides strategic financial counsel to Canadian companies in

matters related to the capital markets. He works closely with key shareholders and
decision makers in optimizing value through effecting acquisitions, divestitures and
private debt placements. John has worked with mid-to-large capitalized clients
across a range of industries and has a lot of experience within the manufacturing
and metals industries.

Michel Magnan, FCA

Professor and Lawrence Bloomberg Chair in Accountancy,
John Molson School of Business, Concordia University

Dr. Magnan is a Professor and the Lawrence Bloomberg Chair in Accountancy. He

has more than 20 years of professional experience. His teaching interests include
financial reporting, mergers and acquisitions and management control. He has taught
in many Canadian and European universities at the B.Comm., MBA, EMBA and Ph.D.
levels, and has been involved in professional development and teaching. Dr. Magnan`s research activities
encompass financial statement analysis, corporate disclosure strategies, governance, performance
management as well as ethics. He is the author or coauthor of more than 80 journal publications and
has given numerous presentations and workshops in North America, Europe and Asia. He is currently
the Editor in Chief of Contemporary Accounting Research and a member of the Editorial Board of CA
Magazine.

Michael McIntyre, CA
Associate Professor, Finance
Sprott School of Business, Carleton University

Michael McIntyre is an Associate Professor, Finance at the Sprott School of

Business. He has experience teaching in Undergraduate, Masters and Ph.D.
programs, including both offshore and executive programs. In addition to teaching,
Michael is an active researcher in the areas of corporate governance and derivative
securities. He uses his foundation in option theoretic techniques and proprietary
software to advise deposit insurers around the world on a variety of policy issues,
including provisioning and capital adequacy.

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Read, Listen, Discuss, and Apply

Read, Listen, Discuss, and Apply

A blended approach is at the heart of the

CF Education Program experience, combining
e-learning and self-study, traditional classroom
instruction, industry expert guest speakers, and
facilitated workgroup sessions with real-world
case studies.

As a corporate finance professional, you will be

“ Coming into the Program with both a
looking at issues from the point of view of the CFA and an MBA, I had lots of theory. This
different parties involved. Your advice is likely to
change depending on who you are advising. You Program gave me the opportunity to apply
will work through the case studies during the
sessions, gather experience through real-world
that theory to real life examples in the
situations, and learn to consider carefully the form of case studies.
motivations and interests of the different parties
concerned. I liked the fact that the facilitators in the
The CF Education Program’s strategic approach Program were real CF practitioners who
includes:
work in corporate finance every day. They
• Identification and analysis of corporate
finance and operational plans,
brought their own experiences into the
governance and current risks, including discussions, adding value to the sessions.
evaluating the alternatives
They really brought the theory to life.
• Preparation and presentation of findings
and recommendations to the client, The other participants also added to the
anticipating reactions from the parties
involved and the marketplace Program. They were from many diverse
• Advice to the client on each process backgrounds – from all across Canada and
involved in negotiating the transaction, from different working roles – some were
including communications
CFOs, some were advisors – and everyone
• Planning and implementing the post-
transaction steps, including post-merger shared their information and experiences
integration of the businesses to make the Program relevant to all.”
• Evaluation of the outcome of the Benoit Leroux, CFA, CF,
transaction, and recommendations for Vice President, KPMG Corporate Finance
next steps

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Read, Listen, Discuss, and Apply

Read, Listen, Discuss, and Apply

Primer & Self-Study
Refresher Courses: Materials:
e-Learning and Classroom Sessions Readings, Exercises and Case Studies

Read
Listen
Discuss
Apply

Classroom Technical Lectures & Case Studies & Group Work:

Industry Guest Speakers: Real-world Situations;
e-Learning and Classroom Sessions Facilitated Group Workshops

Our CF case studies will place you at the helm of a corporate advisory team, immersed in a real-life
simulation, asked to assess problems, challenges and opportunities, analyze the issues and relevant data,
develop alternative plans of action, prepare presentations and finally defend your recommendations to a
tough audience of your peers and our faculty members.

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A Curriculum for CF Competency

A Curriculum for CF Competency

Part I – Primer & Refresher Courses

You’ll find these courses particularly useful in areas where you either need a refresher or are
just starting out in corporate finance. Either way, they will provide you with a foundation in
the underlying corporate finance fundamentals related to:

• Financial Statement Interpretation – This on-line course was developed exclusively

e-learning for participants in the CF Education Program who want to quickly review financial
statement ratios and how to interpret their results. Over approximately 2 hours, it will
prepare you to get the most out of the CF Program.

• Time Value of Money – This is another important concept that you’ll need to master to
e-learning
perform well in corporate finance. Brush up with this hour-long tutorial that explains
how to calculate the present and future value of both lump sums and annuities, as
well as the present value of perpetual annuities.

• Introduction to IFRS – Implications for Canadian Businesses – This 3-hour e-learning

e-learning
course provides a high-level overview of IFRS and is an excellent place to get up to
speed quickly on the implications of IFRS in Canada.

• Valuation – Valuation is a key technique in corporate finance and you are expected to
classroom
have a good knowledge of valuation basics before enrolling in the CF Program. Many
Provincial CA Institutes (PICAs)/Ordre across Canada offer excellent valuation courses
at all levels.

• Excel Modeling – Over the years, some CF Program participants have commented
classroom
that their Excel modeling skills were not adequate. If you might be in this situation,
you can also find modeling courses at many of the PICAs/Ordre across Canada.

e-learning Visit www.cfqualification.ca for links to the e-learning courses.

classroom For the classroom courses, you can find links to all of the
PICAs’/Ordre’s web sites from the CICA’s home page at
www.cica.ca – look in the header bar at the top of the page.

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A Curriculum for CF Competency

A Curriculum for CF Competency

Part II – The Intermediate Stage
Intermediate Learning Outcomes
The Intermediate Stage comprises 5 inter-related modules that specify the competencies that
you will need to succeed in the Intermediate Stage examination.
Intermediate Self-study Materials
The following texts are included in your self-study materials for this stage:
• Corporate Finance, by Stephen A. Ross, Randolph W. Westerfield, Jeffrey F. Jaffe,
Gordon S. Roberts. 2008. Fifth Canadian Edition. McGraw-Hill Ryerson
• Business Analysis & Valuation: Using Financial Statements, by Krishna G. Palepu and
Paul M. Healy. 2008. Fourth Edition. Thomson South-Western
Module 1 – Interpretation of Financial Statements examines the use of financial information
that underpins much of the corporate finance work to follow. It ensures you have the technical
knowledge to provide solid transaction-related advice.
u Analyse a company’s financial situation from financial statements
u Construct financial models
u Analyse the feasibility and value-creation potential of financial decisions
Module 2 – Valuation explains and illustrates key methodologies for valuing private and public
companies that exist around the world.
u Analyse the relationship between value, worth and price
u Apply valuation methods to reach plausible valuations for a range of companies
u Analyse differences in valuations between companies

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A Curriculum for CF Competency

A Curriculum for CF Competency

Part II – The Intermediate Stage

Module 3 – Debt and Equity brings together key principles to provide you with a solid framework
in understanding how and why companies raise finance.
u Determine the value of debt, equity and derivative securities
u Analyse a company’s capital structure in a capital markets context
u Determine financing options for a company
Module 4 – Changes in Control combines many of the previous techniques and skills to help you
understand how companies are bought, sold and merged under a variety of circumstances.
u Analyse the ways in which both public and private company ownership can change (eg,
leveraged or management buyout, takeover, restructuring, etc.)
u Identify and assess issues that arise from change in control transactions (eg, structure,
auction, pricing, risks, due diligence, exits, regulations, etc.)
u Assess how a change in control transaction can create value for a company
Module 5 – Corporate Governance, Strategy and Ethics examines the over-arching aspects of the
following key considerations of corporate finance.
u Determine the scope of ethical issues in corporate finance and recommend ethically
appropriate actions
u Identify corporate governance issues in corporate finance
u Identify corporate responsibility issues in the context of corporate finance
u Demonstrate an awareness of relevant laws and regulations to corporate finance transactions
u Analyse and advise on the most appropriate corporate finance course of action

The Intermediate Stage comprises five interrelated modules,

each broken down into several learning objectives.

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A Curriculum for CF Competency

Part III – The Advanced Stage

A Curriculum for CF Competency

Note – Admittance into the Advanced Stage is dependent on successful completion of the Intermediate Exam.

Advanced Learning Outcomes

The Advanced Stage builds on the knowledge you gained through the Intermediate Stage. The learning
objectives for the Advanced Stage follow the steps needed to design and implement an effective
corporate finance strategy.
Advanced Self-study Materials
The following texts are included in your self-study materials for the Advanced Stage:
• Applied Mergers and Acquisitions, by Robert F. Bruner. 2004. John Wiley & Sons, Inc.
• Mergers, Acquisitions and Corporate Restructurings, by Patrick A. Gaughan. 2007. Fourth Edition.
John Wiley & Sons, Inc.
Module 1 – Changes in Control and Restructuring goes beyond the techniques and skills learned in the
Intermediate Stage, and provides you with an in-depth look at the different kinds of changes in control
and restructurings in use today.
u Evaluate how a company’s strategic, operational and financing plans map into its financing and
ownership structures
u Determine, analyze and recommend alternative methods for asset, ownership and/or financial
changes of control of a company or its assets
u Identify the alternatives open to a company in financial distress
Module 2 – Mergers & Acquisitions is an important type of a ‘change in control’ and the one that you are
most likely to encounter in the workplace and in the media. This module builds on Advanced Module 1 to
address M&A specifically.
u Evaluate M&A opportunities, M&A targets or bidders
u Advise on all the aspects of an M&A transaction (eg, valuation/synergy, risks, due diligence,
documentation, laws and regulations, etc.)
u Evaluate M&A transactions from the standpoint of shareholder value (post-merger integration)
Module 3 – Debt and Equity Issues builds on concepts from the Intermediate Stage module and delves
into more complex issues around debt and equity.
u Translate a business plan into investment and financing plans with specific objectives
u Select and support the appropriate financing decisions for the company (in light of the
organization’s capital structure, current capital market conditions and company strategy)
u Advise a company’s management (and/or board of directors) on the financing process
Module 4 – Strategic Financial Management and Advice focuses on the corporate finance deal as a
whole and on the skills you need to be able to advise a client on a winning corporate finance strategy.
u Integrate an entity’s mission, as well as its strategic, risk and financial objectives into a value-
creating corporate finance strategy
u Develop, design and advise on corporate financial management
u Advise on the ethical, governance and regulatory aspects of corporate financial management

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The CF qualification is a benchmark of success.

Earning the There are 2 paths to the CF qualification.

Earning the International CF Qualification

1. The CF Education Route involves

CF Qualification 5 steps and can be accomplished in less than
2 years*:
The CF qualification is a benchmark of success.
With the CF letters next to your name, you can i. Complete the Primer & Refresher
be confident that you are among the very best Courses – this is optional, but strongly
in the marketplace. The qualification is highly recommended
regarded and recognized around the world as
ii. Complete the Intermediate Stage of the
one that is tailored exclusively to the demands
CF Education Program and successfully
of corporate finance. The CF qualification
complete the Intermediate Exam
signifies demonstrable skills, competency and
professional status. iii. Complete the Advanced Stage of the
CF Education Program and successfully
complete the Advanced Exam

iv. Ensure you have completed the requisite

3 years of relevant CF experience

v. Apply and receive the internationally

“As a Canadian Chartered Accountant recognized CF qualification
now working in the United Kingdom, Register today and begin your journey to
possessing an internationally recognized success. See page 22 for an application form.

and respected professional designation 2. The CF Experience Route is available to

senior practitioners with a minimum 8 years
is very beneficial, assuring both of appropriate corporate finance experience.
clients and employers that I have the If you have the exceptional portfolio to
demonstrate this requirement, you may
knowledge and ability to succeed in a apply to be awarded the CF qualification
challenging industry.” directly. For more information about the
Experience Route option, visit
Jesse Meidl, CA, CF, Chief Financial Officer, www.cfqualification.ca or call Valerie Leach
Caithness Petroleum Limited at 416-204-3451.

* assumes you have gained a sufficient amount

of relevant CF experience by the time you’ve
completed the CF Program.

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The CF Professional Network
R Continue learning even after you’ve completed the CF Education Program...
R Get instant access to valuable corporate finance resources through the exclusive CF Web Community...
R Expand your valuable network immediately after you’ve earned your CF qualification...
Following completion of the CF Education Program*,
you will automatically receive a free trial
membership in the CF Professional Network. The
Network will provide you with a number of benefits
including:
1. Membership in the London-based Corporate
Finance Faculty, an international network with
over 6,200 members and more
than 90 member firms - major
professional services firms, banks,
private equity houses, brokers,
boutiques and law firms. Visit
www.icaew.com/CorpFinFac
for a complete list of Faculty
membership benefits, including
a subscription to the award
winning Corporate Financier
magazine.
2. Complete access to the CF Web Community
– a central hub of valuable corporate finance
information, including links to Canadian and
international resources, points of view and best
practices, member directory and discussion
forums.
3. Advanced notice and preferred pricing at CICA’s
Toronto CF Market Briefs – a special series of
The CF Professional Network
late afternoon briefings in Toronto’s financial
core, focusing on the most current issues
facing CF professionals in Canada today. These
sessions feature presentations by recognized
market leaders and are designed to facilitate the
exchange of information and ideas on CF topics
of the day, followed by a Q & A session and a
private networking reception.
4. Access to “Invitation Only” Regional Events
– a number of special events during the year
featuring discussion and Q & A with a recognized
and renowned guest speaker, held in different
regions of Canada and available exclusively to CF
Professional Network members and their guests;
an ideal business development tool!
5. Preferred Pricing and “Members Only” sessions
at the Annual Corporate Finance Conference –
this new one-day event (beginning in 2010) will
use a case study approach that incorporates
market updates with deep technical and
strategic learning. The Conference will also
offer unparalleled networking opportunities
with significant players in the CF arena – from
practice, consulting, industry and government.
* Those receiving the CF qualification via the Experience
Route are also eligible for the trial membership in the
CF Professional Network.
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The CF Education Program

Registration Information and Conditions

Application Confirmation The Intermediate Stage – Course Location

Upon acceptance of your application, we will The Canadian Institute of Chartered Accountants
confirm your participation in the Intermediate 277 Wellington Street West
Stage 2010-11 sessions: Toronto, ON M5V 3H2
• October 28-30, 2010 Tel: 416-204-3449
• January 6-8, 2011 Fax: 416-204-3515
• February 17-19, 2011 The Canadian Institute of Chartered Accountants
Application Form

The Intermediate Stage tuition fee includes all
course materials, including text books, self-study
workbook, reference materials for lectures and
group work, coffee breaks and lunches, and
examination fee.
is located in downtown Toronto.
Participants requiring hotel accommodation will
be provided with contact information for nearby
hotels offering special CICA rates.

The Advanced Stage – Course Location

The Kingbridge Centre
12750 Jane Street
King City, ON L7B 1A3
Tel: 905-833-3086
Fax: 905-833-3075
The Advanced Stage of the Corporate Finance
This unique qualification delivers Education Program is held in residence at The
Kingbridge Centre.
the practical skills designed
Advanced Stage participants are required to live
to accelerate professional in residence at the Kingbridge Centre during
development across the corporate the sessions. The Kingbridge Centre is located
30 minutes from Pearson International Airport
finance profession. and 45 minutes north of downtown Toronto. The
in-residence all-inclusive total package rate per
session is approximately $770 Single Occupancy,
and includes accommodation, three meals per
day, coffee breaks, and all taxes and gratuities.

20 Ta ke o n t h e wo r l d o f g l o b a l co r p o ra te f i n a n ce
T h e Corporate Finance Education Program | 201 0 -2 01 1

The CF Education Program

Registration Information and Conditions

Tuition Investment and Cancellation Fees Additional Information

Tuition for the Corporate Finance Education
Stage is as follows:
• Intermediate Stage 2010-11 Tuition
(includes exam fee)
$4,395 + $517.35 HST = $4,966.35
• Advanced Stage 2010-11 Tuition
For inquiries and information relating to
eligibility or applicability of the Program, please
email cfqualification@cica.ca or call
416-204-3451.
Program Disclaimer

(includes exam fee)
$5,595 + $727.35 HST = $6,322.35
(plus in-residence package rate)
Cancellation requests must be submitted
in writing. Refunds, less a $300 (plus HST)
administration fee, will be issued up to 30 days
before commencement of each stage of the
Program (as applicable) subject to receipt of
all course materials in “like new” condition. No
refunds will be issued less than 30 days prior to
the course start date.
Application Form
All information in this brochure is correct at the
time of printing. If unforeseen circumstances
occur, the CICA reserves the right to alter
or delete items from the Program, or cancel
the presentation. Developers, lecturers and
workshop leaders have prepared materials
for the continuing education of participants.
Although they trust that it will be useful for this
purpose, neither they nor the CICA can warrant
that the use of this material would be adequate
to discharge the legal or professional liability of
participants in the conduct of their practice or
business operations.

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Ta ke o n t h e wo r l d o f g l o b a l co r p o ra te f i n a n c e 21
 Application Form
YES! Please reserve a place for me in
The Corporate Finance Education Program.
Payment Schedule
The Intermediate Stage • 2010-11
Location: The Canadian Institute of Chartered Accountants, Toronto, ON
Tuition: $4,395.00 + 571.35 HST = $4,966.35 (5826)
Your payment for the Intermediate Stage must accompany your application.
Course materials will be sent to all registered candidates starting in September 2010.
Tuition includes all course materials, including text books, self-study workbook, reference materials for lectures and
group work, coffee breaks and lunches, and examination fee. Participants requiring hotel accommodation will be pro-
vided with contact information for nearby hotels offering a special CICA rate.

The Advanced Stage • 2011-12

Location: The Kingbridge Centre
Tuition: $5,595.00 + $727.35 HST = $6,322.35 (plus in-residence package rate)
You will be notified when registration is available for the Advanced Stage in June 2011
.
First Name (preferred) Middle Initial(s)
Application Form

Badge Name (if different from above)

Surname
I am a: o CA o Other Accountant (please specify):
o Lawyer o Other (please specify):
Title
Firm/Employer
Business Address
City Province Postal Code
Business Phone Business Fax
Email

Special dietary or other requirements

PAYMENT: (Registration cannot be processed until payment is received.)
o Cheque (payable to The Canadian Institute of Chartered Accountants)
Credit Card: o Visa o MasterCard
Card No
Expiry Date Ways to Register

Name of Cardholder Online at: www.cfqualification.ca

GST # R106861578 Mail to: CF Education Program

600 - 277 Wellington Street West
YOUR PRIORITY CODE: Toronto ON M5V 3H2
To help us understand your professional needs and Fax to: Corporate Finance at: (416) 204-3415
to serve you better, when registering by phone or online, Call: (416) 204-3248
please make reference to this code MC-B1

PRIVACY POLICY: In completing the above form, I consent to CICA collecting and using the above information and disclosing it to other
third party service providers for the purpose of (1) Providing me with the service for which I have contracted. (2) Providing me with
information as to products and services CICA feels may be of interest to me. Please check the following box should you not wish your
personal information to be used and disclosed for the purpose set out in (2) above o

22
“So much more than just a technical program. The CF Program
focuses on value creation in real deals, not just academic
technical knowledge.”
Larry Shelley, CA, CF, President & Chief Executive Officer,
Coril Holdings Ltd