• Investment Appraisal
  • Sensitivity Analysis
  • Asset Replacement Decision
  • Capital Rationing
  • Adv. Investment Appraisal
  • Lease or Borrow Decisions
  • WACC
  • Capital Structure Theories


  • Portfolio Theory & CAPM
  • Adjusted Present Value
  • Sources of Finance
  • Business Valuation
  • Mergers & Takeover
  • Demerger
  • Currency Risk, Futures, Options
  • Interest Rate Hedging


  • International Investment Appraisal
  • Dividend Theories & Modified IRR
  • Decision Making, Linear Programming
  • Capital Rationing
  • Budgeting, Time Series Analysis
  • Standard Costing & Variance Analysis
  • Working Capital, Transfer Pricing


    Khalilullah Sheikh


    Khalilullah Shaikh

    Sir Khalilullah Shaikh is a Fellow member of ICAP and has been serving as elected Council member of ICAP since 2013. Mr. Khalilullah Shaikh has more than 15 years of work experience in senior management roles. He is currently working as Chief Financial Officer of Pakistan International Airlines.
    Sir Khalilullah Shaikh has a passion for human development. He has been taking CFAP – 4 BFD classes for CA Final students and his student alumni include over 1,500 Chartered Accountants of Pakistan. On the academic front, he secured Five Gold Medals in CA Final examinations, which is a record in the history of ICAP.

    STUDENTS’ TESTIMONIALS|It is great experience with TSB, you feel real class atmosphere in video lectures. Very qualified and professional faculty. I recommend all professional qualification students like must register with TSB. |Dilshad Khan|Student of September Attempt

    |||Highly recommended for online education. Video quality and way of teaching is awesome. Handouts and study material is also attached in secure portal of every student. |M. Bilal|Student of March Attempt

    |||Amazing experience with TSB. Higly recommend TSB. Quality of video is amazing and the way of teaching in TSB is amazing.|M. Zohaib Hamza|Student of September Attempt

    |||Highly recommended for learners who want to learn at home. Methodology used in lectures is excellent. Time saving of long and hectic travel in karachi.|M. Waqas Arain|Student of December Attempt


    CFAP 4

    Interact with a teacher in the WhatsApp group.

    Past paper, mock practice and lot more.

    We provide interactive recorded lectures by expert teacher to enhance the learning experience.

    Learn at your own Schedule with comfort and ease.