Structured preparation for the Level 4 SFCIV unit in the CISI Diploma in Corporate Finance, covering all seven current syllabus elements.
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
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Try 15 questions from Element 2: Debt Capital Market (DCM)
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Sources of Finance, Capital Investments and Valuations is the Level 4 second unit in the current route to the CISI Diploma in Corporate Finance. It develops the funding, investment-appraisal, valuation and financial-risk skills required before candidates progress to the Level 6 units.
The learning course follows the latest official syllabus structure reviewed for 2026. It maps the 40-question examination across seven elements: equity capital markets, debt capital markets, alternative sources of finance, cost of capital, capital budgeting, company valuation, and derivatives and risk management. Debt Capital Market and Company Valuation are the joint-largest elements with eight questions each.
The course includes five timed 40-question mocks, seven detailed chapter summaries, 148 flashcards, 108 searchable revision references and a source-grounded AI tutor.
| Assessment | Computer-based multiple-choice examination |
| Duration | 60 Minutes |
| Level | CISI Level 4 |
| Total Qualification Time | 70 hours |
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $189 (One-Time) | One-time payment with no recurring subscription |
Compare equity, debt and alternative sources of finance from a corporate-finance perspective.
Connect cost of capital with capital budgeting and project-risk analysis.
Prepare for the two largest valuation and debt elements plus the derivatives used to manage financial risk.
Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.
Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.
Work against the official-style timer without revealing answers, then review your score and every explanation after submission.
Equity securities, relative risk and return, depository receipts, public listings, IPOs and further equity transactions.
Sources and types of debt, bond pricing and returns, and the assessment of interest-rate and credit-related risks.
The features, benefits, limitations and appropriate uses of non-public-market funding sources.
Cost of equity and debt, WACC, capital structure, gearing, project-specific discount rates and taxation.
Investment-appraisal methods, real-option theory and the treatment of risk in project decisions.
Asset, dividend, earnings and cash-flow approaches and the relationship between enterprise value and equity value.
Interest-rate and foreign-currency exposures and the use of derivatives to manage them.
Preparation centre
Use these connected guides for the syllabus, exam format, booking and revision strategy.
Sources of Finance, Capital Investments and Valuations is assessed by 40 multiple-choice questions in 60 minutes. Computer-based tests may include up to 10% additional unscored trial questions with proportionately more time.
SFCIV is the Level 4 second unit in the current Diploma route. It follows Level 3 Financial Reporting and Financial Statements Analysis and precedes the Level 6 units.
Debt Capital Market and Company Valuation each contribute eight of the 40 questions, or 20%. Cost of Capital and Capital Budgeting each contribute seven questions, or 17.5%.
It covers equity and debt capital markets, alternative finance, cost of capital, capital budgeting, company valuation, and derivatives and risk management.
The course includes five timed 40-question mock exams, seven detailed chapter summaries, 148 flashcards, 108 searchable revision references and a source-grounded AI tutor.
Yes! Test your knowledge and see our AI tutor explanations with the free CISI Sources of Finance, Capital Investments and Valuations Topic Quiz below. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.
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