CMA Part 2 Textbook Update January 2023

The CMA Part 2 Textbook has been updated, and the new files are available for current students to download in My Studies. The significant changes are listed below including page numbers in the new January 2023 book.

Section B

  • Added discussion Relationship Among Inflation, Interest Rates, and Prices of Financial Instruments, pages 136-137.
  • Updated models for The Theoretical (or Intrinsic) Value of a Share of Stock, pages 163-166.
  • Added Benefits and Disadvantages of Leasing, page 195.
  • Added Cash Flow Forecasting, pages 208-209.
  • Added Considerations in Selecting Marketable Security Investments, pages 218-219.
  • Added Two-Stage Forecasting for Business Valuation, page 246.

Section C

  • Tax rates changed to 21% to match the current U.S. corporate tax rate.

Section E

  • Tax rates changed to 21% to match the current U.S. corporate tax rate.
  • Added When the NPV and the IRR Conflict, pages 167-168.
  • Added NPV and IRR Compared and Contrasted, pages 170-172.

Section F

  • Expanded the discussion of the SMA, pages 209-219.
  • Added Corporate Social Responsibility (CSR) Reporting, page 227.

If you have any questions about these changes, please contact us and we will be glad to assist you.

You can also learn more about the HOCK CMA Textbooks and other exam prep materials if you are not already a HOCK student.

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