EFFECTS:
- Basics of nDynamics
- Specifically nParticles (which they will be using for there splashes)
- Filling objects/ emitting from objects
- When to use nParticles, when NOT to use nParticles
- Caching and linking
- Creating multiple caches for reference
- When to use mental ray vs. software lighting (and how NOT to screw up a lighting rig with effects)

COMPOSITING:
- How to composite using multiple render schemes (Review of Layer Overrides)
- Basics of After Effects
- Simple Layering, Matting
- Basic Controls, Shortcuts
- Effects and transitions
- Matting
- Rendering
- Plug videocopilot.net for great tutorials

If time:
- The difference between Render Layers and Render Passes