p4私播課考前沖刺串講

1、P4沖刺將于19:00正式開始請掃碼關(guān)注以下群及，加入ACCA學習大ACCA學習幫私人accalive沖刺期間任何問題請私聊小頓VinentACCA業(yè)內(nèi)名師著名財務金融分析兩年內(nèi)高分通過ACCAP4Advanced Finanl ManagementPart 1 Core knowledge reviewTask1 Role and responsibility of senior finanl executive1. Finanl goals and objectives2.-finanl objectivesACCA學習幫關(guān)注獲取ACCA學習方法3. Finanl management d

2、ecis (Outline the maincontents of P4)4. Strategies for achieving finanl goalsTask2 Finanl strategy formulation1. Assessing corporate performance (Ratioysis)2. Optimal capital structure3. Dividend policy (Dividend capacity; Dividend theories; Dividend forms)ACCA學習幫關(guān)注獲取ACCA學習方法4. Types of risk and ris

3、k management (Pay attention to political & legal risks; cultural risk; Environmental risk etc)5. Capital investment monitoringTask3 Ethic andernance ies1.The ethical dimenin business2. Ethical aspects and functional areas of the firm (sibleethical ies in HR and marketing departments)3. The elements

4、of an ethical finanframework)l policy (CarrollsACCA學習幫關(guān)注獲取ACCA學習方法4. Stakeholder ies (Mendelows matrix)5. TBL reporting (Economic, Sol, Environmental)6.egrated reportingTask4 Management ofernational trade and finance1. Corporate strategiesultinational companies2. Theory and practice ofernational tra

5、deACCA學習幫關(guān)注獲取ACCA學習方法3. Trade agreements4. WTO andernational monetary institutions5.ernational finanl markets and global finanl stabilityTask5 Strategic business and finanl planning formultinationals1. Framework for finanl planning2. Compliance with listing requirementsACCA學習幫關(guān)注獲取ACCA學習方法3. Capital

6、mobility and blocked funds4. Risk exure5. Agency iesTask6 Dividend policyultinationals and transferpricing1. Dividend capacity2. Dividend repatriation policies3. TransfricingACCA學習幫關(guān)注獲取ACCA學習方法4. Regulation of transfricingTask7 Discounted cash flow techniques1. Net present value (Allowing for overse

7、as investments)2. Monte Carlo simulationACCA學習幫關(guān)注獲取ACCA學習方法3.ernal rate of return and modifiedernal rate of returnTask8 Free cash flow techniques1. Forecasting a firms free cash flow (Direct and indirect methods)2. Forecasting a firms dividend capacity (Multinational firms)ACCA學習幫關(guān)注獲取ACCA學習方法3. Valu

8、ing a firm using free cash flowTask9 Basic option concepts and values1. Basic concepts of options (Characteristics of different types of options)ACCA學習幫關(guān)注獲取ACCA學習方法2. Determine option values (rinsic value+time value; BSOPmand amptions)Task10 Concepts and valuation of real options1. Concepts and type

9、s of real options (Two call options and two put options)2. Valuation of real options (BSOP mPa and Pe)and determination ofACCA學習幫關(guān)注獲取ACCA學習方法3. Implications of real options (Explain why real options have value to firms)Task11 Impact of financing on investment decis1. Sourof finance2. Duration (Macau

10、lay duration; The effect of duratiothe relationship oferest rate and market value)ACCA學習幫關(guān)注獲取ACCA學習方法3. Credit risk and appraisal methods (Expla used by credit rating agencies; BSOP mhe factors)4. Alternative theories on capital structureTask12 Adjusted present value1. NPV and APV2. Steps in carryin

11、g out an APV calculation (Main adjustments involved)ACCA學習幫關(guān)注獲取ACCA學習方法3. Appraisals of the APV methodTask13ernational investment and financing decis1. Effects of exchange rate amptions on project values2. Forecasting cash flows from overseas projectsACCA學習幫關(guān)注獲取ACCA學習方法3. The impact of exchange cont

12、rols4. Translation, tranion and economic risks5. Alternative financing sourfor MNCsTask14 Theories on acquisitions and mergers1. Mergers and acquisitions as a method of corporateexpan(anic growth vs Acquisition)2. Corporate and competitive nature of acquisitionsACCA學習幫關(guān)注獲取ACCA學習方法3. Choosing an appr

13、opriatefor acquisition4. Reasons for high failure rates of acquisitions5. Creating synergyTask15 Valuation of acquisitions and mergers1. Overvaluation problems and estimating earnings growth rate2. Valuation of type1 acquisitionsACCA學習幫關(guān)注獲取ACCA學習方法3. Valuation of type2 acquisitions4. Valuation of ty

14、pe3 acquisitions (Iterative revaluation procedures)5. Valuation of high growth start-upsTask16 Regulatory framework concerning mergers1. The global regulatory framework2. Key aspects of takeover regulation (Main clauses of regulation)ACCA學習幫關(guān)注獲取ACCA學習方法3. Regulation in UK4. Defensive tactics in a ho

15、stile takeover (Pre and acquisition tactics)t Task17 Financing mergers and acquisitions1. Methods of financing mergers (Cash offer vs Pr offer)2. Assessing a given offerACCA學習幫關(guān)注獲取ACCA學習方法3. Effects on finanl sementsTask18 Finanl reconstruction1. Reconstruction schemes2. Finanl reconstruction and fi

16、rm valueACCA學習幫關(guān)注獲取ACCA學習方法3. Leveraged buy-outs (L)4. Market response to finanl reconstructionTask19 Business reanisation1. Types of business reanisation2. Unbundling and firm valueACCA學習幫關(guān)注獲取ACCA學習方法3. Management buy-outs(M) and buy-insTask20 The role of the treasury functionultinationals1. The ro

17、le of the finanl and money markets2. Bs and other finanl institutionsACCA學習幫關(guān)注獲取ACCA學習方法3. Money market instruments and derivatives4. The treasury management function5. The Greeks-measuring the impact of risk factors (Delta value)Task21 Reasons of forex risk and simple hedgingstrategies1. Types of f

18、orex risk2. Reasons of forex riskACCA學習幫關(guān)注獲取ACCA學習方法3. Forward exchange contracts4. Money market hedgesTask22 Further hedging strategies using derivatives1. Future contracts2. Currency swapsACCA學習幫關(guān)注獲取ACCA學習方法3. FX swaps4. Currency optionsTask23 Netting and matching in forex market1. Definition2. AppraisalsACCA學習幫關(guān)注獲取ACCA學習方法3. ExleTask24 Using derivatives to hedge again