CFA二级原科目名称“Corporate Finance” 修改为 “Corporate Issuers”，那2022年CFA二级这个科目的考纲有怎样的变化？考生报考2022年CFA二级考试如何学习呢？跟着融跃一起看看二级考试科目的变化！
Reading顺序调整：Capital Budgeting从第1个reading调整为zui后一个reading，接下来跟着小编一起看看各个章节的变化！
READING 15. CAPITAL STRUCTURE
a) explain the Modigliani—Miller propositions regarding capital structure;
b) explain the effects on costs of capital and capital structure decisions of taxes, financial distress, agency costs, and asymmetric information;
原有a条款分拆为现有的a、b两个条款，表述上方式稍有变化
原有的b和c条款删除：b) describe target capital structure and explain why a company's actual capital structure may fluctuate around its target; c) describe the role of debt ratings in capital structure policy;
READING 16. ANALYSIS OF DIVIDENDS AND SHARE REPURCHASES
d) explain how agency costs may affect a company's payout policy;
g) compare stable dividend with constant dividend payout ratio, and calculate the dividend under each policy;
d条款中删除了clientele effects ；g条款删除了residual dividend payout policies的对比;
READING 17名字修改成:ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) CONSIDERATIONS IN INVESTMENT ANALYSIS
READING 18的其中一位作者：Keith M. Moore,增加了 PhD的头衔。
c条款把earning per share改成了EPS;
原来的g, i ,j条款删除；g条款是有关HHI和反垄断的内容；i 条款是有关用自由现金流对目标公司进行估值；j条款主要是用可比较公司和可比较交易进行估值；
h条款删除了calculate the estimated post-acquisition value of an acquirer and the gains accrued to the target shareholders;
READING 19. CAPITAL BUDGETING
e) describe types of real options relevant to a capital project;
原有的e条款删除，主要内容为关于敏感性分析、情景分析和蒙特 卡洛模拟对于资本项目风险的估计；
新的e条款删除了evaluate a capital project using real options;
原有的h, i条款删除。h条款是关于计算和解释accounting income 和 economic income; i 条款是关于区分 EP、Rl、claim valuation model相关内容。
