Yes I also agree with the point, issue cost is irrelevant when calculating cost of retained earnings. The cost of retained earnings is usually lower than the cost of equity, due to issue costs and taxes associated with fresh issue.
I second fahad sir’s view.
I also think ima should consider reintroducing cfm. And even with the revised course, I think we still lack proper exposure in strategic finance, which is closely associated with management accounting. A paper dealing with finance is always an advantage, and ima can consider including portfolio and fund managemet basics also.