IFoA CB1 case studies

CB1 Business Finance is a core subject in the Institute and Faculty of Actuaries' qualification pathway, sitting alongside actuarial mathematics subjects to give candidates the commercial and financial grounding that actuarial work demands. It suits trainee actuaries and analysts who need to read financial statements, value assets, appraise investment projects, and understand how firms raise and manage capital. The syllabus spans financial institutions and markets, financial products and valuation, corporate finance and capital structure, financial analysis and performance measurement, governance, regulation and ethics, risk management, behavioural finance, and business strategy and control. Assessment is computer-based and combines objective questions with written answers, so you must be able to both recall definitions precisely and construct reasoned arguments under time pressure. The IFoA CB1 case studies are 5 cases and about 3,759 words.