ACCA财务管理F9
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spContent=财务管理(ACCA Paper F9 Financial Management)课程系国家级双语教学示范课,由西安交通大学管理学院会计系主任,博士生导师田高良教授主讲。田教授是全国会计学术类领军人才,财政部管理会计咨询专家,全国首届ACCA十佳教师,陕西教学名师。发表论文100余篇,主持项目60余项,获省部级奖10余项。
—— 课程团队
课程概述

财务管理(Paper F9 Financial Management)课程是ACCA考试第一阶段的主干课程,也是一门承上启下的课程。该课程是《管理会计(Paper F2 Management Accounting)》课程的深化和发展,又是进一步学习《绩效管理(Paper F5 Performance Management)》、《高级财务管理(Paper P4 Advanced Financial Management)》和《高级业绩管理(Paper P5 Advanced Performance Management)》这三门课程的基础。主要包括八部分内容:(1)财务管理职能;(2)财务管理环境;(3)营运资金管理;(4)投资评估;(5)企业资金;(6)资本成本;(7)企业估价;(8)风险管理。要求学生严格按照ACCA考试大纲要求学习,通过全球统一考试。


授课目标

通过本课程的学习,让学员掌握财务管理的核心内容(财务管理职能、财务管理环境、运营资本管理、投资评估、企业融资、资本成本、企业估价、风险管理),指导学员参加全球ACCA F9考试,提升学员财务管理能力。

课程大纲

Introduction

Introduction

Chapter 1 Financial management and financial objectives

1 The nature and purpose of financial management

2 Financial objectives and the relationship with corporate strategy

6 Not-for-profit organisations

3 Stakeholders

5 Encouraging the achievement of stakeholder objectives

4 Measuring the achievement of corporate objectives

Quick Quiz 1

Chapter 2 The economic environment for business

Quick Quiz 2

4 Exchange rates

5 Competition policy

Syllabus Overview

3 Monetary and interest rate policy

2 Fiscal policy

1 Outline of macroeconomic policy

6 Government assistance for business & 7 Green policies & 8 Corporate governance regulation

Chapter 3  Financial markets and institutions

Quick Quiz 3

1 Financial intermediaries & 2 Money markets and capital markets

3 International money and capital markets & 4 Rates of interest and rates of return

5 Money  market instruments

Chapter 4 Working Capital

Quick Quiz 4

4 The cash operating cycle

5 Liquidity ratios

1 The nature of working capital & 2 Objectives of working capital & 3  Role of working capital management

Chapter 5 Managing working capital

1 Managing inventories

2 Managing account receivable

3 Managing account payable

Quick Quiz 5

Chapter 6 Working capital finance

3 Treasury management

4 Cash management models

1 The management of cash

2 Cash flow forecasts

5 Investing surplus cash

6 Working capital funding strategies

Quick Quiz 6

Chapter 7 Investment decision

Quick Quiz 7

1 Investment and the capital budgeting process

3 Payback period

2 Relevant cash flows

4 Return on capital employed

Chapter 8 Investment appraisal using DCF methods

3 The internal rate of return method & 4 NPV and IRR compared

5 Assessment of DCF methods of project appraisal

1 Discounted cash flow

2 The net present value method

Quick Quiz 8

Chapter 9 Allowing for inflation and taxation

1 Allowing for inflation

2 Allowing for taxation & 3 NPV layout

Quick Quiz 9

Chapter 10 Project appraisal and risk

1 Risk and uncertainty

3 Probability analysis

2 Sensitivity analysis

4 Other risk adjustment techniques

Quick Quiz 10

Chapter 11 Specific investment decisions

2 Asset replacement decisions

1 Lease or buy decisions

3 Capital rationing

Quick Quiz 11

Chapter 12 Sources of finance

Quick Quiz 12

2 Debt finance

4 Equity finance

1 Short-term sources of finance

3 Venture capital

Chapter 13 Dividend policy

1 Internal sources of finance & 2 Dividend policy

2 Dividend policy

Quick Quiz 13

Chapter 14 Gearing and capital structure

2 Effect on shareholder wealth & 3 Finance for small and medium-sized entities

1 Gearing

Quick Quiz 14

Chapter 15 The cost of capital

1 Cost of capital

2 Dividend growth model

3 Capital asset pricing model (CAPM)

4 Cost of debt

5 Weighted average cost of capital (WACC)

Quick Quiz 15

Chapter 16 Capital structure

Quick Quiz 16

1 Capital structure theories

2 Impact of cost of capital on investments

Chapter 17 Business valuations

4 Cash flow based valuation models & 5 Valuation of debt

Quick Quiz 17

3 Income-based valuation bases

1 The nature and purpose of business valuations & 2 Asset valuation bases

Quick Quiz 17(2)

Chapter 18 Market efficiency

Quick Quiz 18

2 The valuation of shares

1 The efficient market hypothesis

Quick Quiz 18

Chapter 19 Foreign currency risk

Quick Quiz 19

1 Exchange rates & 2 Foreign currency risk

4 Foreign currency risk management

5 Foreign currency derivatives

3 The causes of exchange rate fluctuations

Chapter 20 Interest rate risk

Quick Quiz 20

1 Interest rates & 2 Interest rate risk

5 Interest rate derivatives

3 The causes of interest rate fluctuations & 4 Interest rate risk management

预备知识

ACCA Paper F2 Management Accounting; ACCA Paper F5 Performance Management

证书要求

练习及作业50%,期末考试50%。完成课程学习,成绩合格,可以获得合格证书。

参考资料

Financial Management,BPP Learning Media,2017年1月,ISBN 9781-5097-0842-0