ACCA F9 (Ftc) Exam Tips for December 2008ACCA_CAT

文章作者 100test 发表时间 2009:01:08 16:04:44
来源 100Test.Com百考试题网

　　F9 – Financial Management

　　•. Investment appraisal - NPV/IRR with tax, inflation and working
capital is a favourite topic of the examiner,although areas not
examined to date include payback, replacement analysis,
capital rationing and lease v buy.

　　•. Working Capital Management
receivables are traditionally the most popular topic but payables
and cash are due a turn.

　　•. Cost of Capital – given recent articles CAPM, its advantages and
disadvantages, and its use in calculating a cost of equity a
nd a risk-adjusted WACC must be expected.

　　•. Risk Management - hedging foreign exchange risk

　　•. Business Finance - gearing/capital structure calculations and comment

　　•. Valuations - asset and cash flow based values