实用文档文案大全超实用|ACCAF9重要知识点讲解及考点分析实用文档文案大全考试题型SectionA单选题2’*15SectionB综合单选题10'(每题5道选择）*3SectionC综合计算题20'*2核心练习真题DEC14-Mar/Jun16Specimenpaper2016Specimenpaper2014实用文档文案大全PartAFinancialmanagementfunctionPartBFinancialmanagementenvironment考试分布SectionA单选题4-6道考点类型基本概念,注意理解，运用到scenarioquestion；ratio小计算（TSR）复习计划ExamKit&历年真题：选择题（SectionA）考点总结1.讨论Financialmanagement&objectiveObjectives：maximizationofshareholderwealthVSaccountingprofit计算能够反映盈利能力和对股东财富的影响的ratio常见Ratio1）ShareholderwealthTSRDPS,DividendyieldEPS,P/Eratio2）Financialperformance：profitabilityROCEROE2.激励高管实现股东财富最大化的目标a)Managerialrewardschemes:Performance-relatedbonus,share,shareoptionb)corporategovernancec)stockexchangemarketrule3.Objectivesettinginnotforprofitorganizations非盈利机构指标valueformoney(Economy，Efficiency，Effetiveness)1）财政政策FiscalpolicyVS货币政策monetarypolicyFiscalpolicyVSMonetarypolicyTaxationInterestrate实用文档文案大全Governmentexpenditure(budget,governmentborrowing)Moneysupply2)宏观经济目标Macroeconomicpolicy&targets：3)政府干预competitionpolicy；governmentassistance；greenpolicies；corporategovernanceregulation4.货币市场moneyVS资本市场capitalmarketsi)Roleoffinancialintermediaries金融中介作用ii)principalmoneymarketinstruments主要的货币市场工具PartCWorkingcapitalmanagement考试分布SectionA单选题3-4道orSectionA单选题2道SectionB综合单选题10分SectionC综合计算题20分考点类型文字理论WCmanagement，inventory,receivables,payables,cash管理工具计算复习计划ExamKit&历年真题：选择题&计算题考点总结1.objectivesofWCmanagementi)WCinvestmentpolicy:aggressive/conservativeii)centralroleofWCmanagmentinfinancialmanagementiii)Factorsdeterminethelevelofworkingcapitalinvestment结合行业特征，公司workingcapital管理策略及operatingcycleiv)workingcapitalfinancingpolicy融资策略a)permanentandfluctuatingworkingcapitalb)Aggressive,Conservative,Matching2.Inventorymanagement存货管理i)计算EOQ&讨论EOQassumption,disadvantageii)计算WhethertakeBulkpurchasediscount：costvsbenefitiii)计算Inventorylevel:bufferinventory/re-orderlevel/averageinventoryiv)讨论Just-in-time3.Receivablesmanagement应收账款管理实用文档文案大全i)Calculateanddiscussofofferingcashdiscountii)Calculateanddiscussoffactorservice:recourseVSnon-recource思考角度：costVSbenefitiii)Factorconsideringtoformulatereceivablepolicy以及应收账款管理3个流程Creditanalysissystem,Creditcontrolsystem，Debtcollectionsystem4.Cashmanagementi)cashbalancestatusandinvestingchoiceii)cashbudget&forcastiii)BaumolmodelandtheMiller-Orrmodel5.Cashoperatingcyclei)计算ratio：Inventorydays,receivabledays,payabledays,operatingcycleRatioanalysis:currentratio,sales/networkingcapital,(ii)Cashflowbudget(iii)OvertradingandovercapitalizationPartDInvestmentappraisal考试分布SectionA单选题2-3道SectionC综合计算题20分复习计划ExamKit&历年真题：选择题&大题计算题考点总结1.Investmentappraisalmethods各种方法优缺点i)ROCE:accoutingprofitii)Paybackperiodiii)IRRiv)核心计算考点NPV：注意inflation，relevantcashflow，workingcapital,Timingfortaxrelief2.Risk&uncertainty实用文档文案大全i)Differencebetweenriskanduncertainty文字理解ii)EV计算&优缺点iii)Sensitivityanalysis计算优缺点3.Speicalinvestmentdecisioni)Leaseorbuy分析CostVSbenefit,considerrelevantcashflowii)Assetreplacementiii...
