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FM 技术性文章

编辑:acca/时间:2018-11-14/浏览:51 views

Working capital management
This article covers the foundations of working capital management, a core area of the F9 syllabus, and focuses on the analysis of current assets and current liabilities. The topic can form part, or the whole of, a 20-mark question in the exam, as well as being examined by objective test questions.

Accounts receivable management
Section C2d) of the F9 Study Guide states that candidates should be able to ‘discuss, apply and evaluate the use of relevant techniques in managing accounts receivable’.

Hedging techniques for interest rate risk
This article looks at Section G of the F9 Study Guide relating to the management of interest rate risk.

The capital asset pricing model – part 1
In the first of a three-part series of articles, we consider the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduces the asset beta formula.

The capital asset pricing model – part 2
This article describes how to apply the CAPM when calculating a project-specific discount rate to use in investment appraisal.

CAPM: theory, advantages, and disadvantages
In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM.

Management of foreign accounts receivable
This article focuses on foreign accounts receivable, which present some additional challenges to a business that are not present with domestic-based customers.

Business finance for SMEs
Also available as a podcast on iTunes

In this article, we consider potential finance sources that an SME could use, with a particular focus on the more modern sources of crowdfunding and supply chain financing introduced to the F9 syllabus and examinable from September 2015.

Equivalent annual costs and benefits
The calculation of equivalent annual costs is a tool that can be used by companies to assist in asset replacement decisions.

Myopic management
Also available as a podcast on iTunes
For many years, managers of large businesses have been accused of focusing on short-term rather than long-term performance. In this article by Peter Atrill, freelance academic and writer, we explore the causes of management short termism and the remedies available.

Business valuations
This article discusses the three broad approaches to business valuations – assets-based, income-based, and cash flow-based.

Analysing the suitability of financing alternatives
This article suggests an approach for students to apply to a key area of the F9 syllabus before finishing with a worked example to demonstrate the technique discussed.

Introduction to Islamic finance
This article takes a look at Islamic finance, which has just been introduced to the F9 syllabus.

Business finance
Section E of the syllabus deals with business finance. This article covers types of finance, sources of finance and mix of finance.

Advanced investment appraisal
Investment appraisal is one of the eight core topics within F9 and it is a topic which has been well represented in the F9 exam.

Foreign currency risk and its management
A focus on the three types of currency risk – economic risk, translation risk and transaction risk.

Cost of capital, gearing and CAPM – part 1
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the first part of the article that looks at how a suitable discount rate can be calculated.

Cost of capital, gearing and CAPM – part 2
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the second part of the article that looks at how a suitable discount rate can be calculated.

Receivables collection
This article considers two methods a company could adopt in order to speed up the collection of cash from its customers.

Optimum capital structure
Is it possible to increase shareholder wealth by changing the capital structure

Being an angel
Business angels are an important source of finance for smaller businesses. This article looks at the role that business angels play in providing finance, the way in which they approach making an investment, and the financial and non-financial returns that may be expected.

学习辅助视频

考题解析

Exam question 34a debrief 
CBE question debrief video looks at question 34a from the F9 September 2016 exam. It covers investment appraisal.

考题解析

Exam question debrief

来自Kaplan的讲师Andrew Mower详细解读2014年12月F9卷,重点解读第2题(可转换贷款票据的市场价格)和第5题(加权平均资本成本)。

 

企业财务

Business finance

来自BPP的Jo Ryan简要介绍适用于F9卷的考试必备技巧。

 

营运资本管理
Working capital management

来自Kaplan金融学院的Chris Walsh简要介绍应对F9卷营运资本管理相关考题的小技巧。

 

给重考考生的建议

Advice for students retaking exams

本视频就学员如何在下一次考试中转败为赢给出了一些建议,包括对于失败应当如何反思、如何撰写高效的学习计划,历年真题应该如何练习。

 

大纲更新

 2016–17年度ACCA对专业资格技能模块、专业阶段以及基础阶段学习内容的调整
本文介绍了ACCA专业资格考纲的更新计划。这是ACCA不断改进和完善大纲内容的一部分。

 

考试技巧

攻克F9卷专门术语
Untangling F9 terminology

解释F9卷的常用术语。放在最新考试环境下加以诠释,帮助考生理解在实际情况中的应用。

单向选择题

Multiple-choice questions

关于2014年12月起F4、F5、F7、F8及F9科目笔试的多选题,您都需要了解什么。

 

F9考官考试方法解读
F9 examiner’s approach

F9卷考官团队成员介绍财务管理科目考试架构。

 

F9科目:考官报告使用指南
F9 – A guide to using the examiner’s reports

本指南适合初次参加F9科目考试的考生。它能帮助复习阶段的考生在自学指南的引导下学会使用考官报告。本文有助于考生了解如何利用考官报告、使之发挥最大作用。

 

F9科目:重考学员复习指南
F9 – A guide to reflection for retake students

本指南适合再次参加F5科目考试的考生。它能帮助复习阶段的考生在重考指南的引导下学会使用考官报告。本文有助于考生了解如何利用考官报告、使之发挥最大作用。