西安交通大学

图片
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。
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。

预备知识

ACCA Paper F2 Management Accounting; ACCA Paper F5 Performance Management

授课大纲

Part A Financial management function

Chapter 1 Financial management and financial objectives

1 The nature and purpose of financial management

2 Financial objectives and the relationship with corporate strategy

3 Stakeholders

4 Measuring the achievement of corporate objectives

5 Encouraging the achievement of stakeholder objectives

6 Not-for-profit organisations

Part B Financial management environment

Chapter 2 The economic environment for business

1 Outline of macroeconomic policy

2 Fiscal policy

3 Monetary and interest rate policy

4 Exchange rates

5 Competition policy

6 Government assistance for business

7 Green policies

8 Corporate governance regulation

Chapter 3 Financial markets and institutions

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

Part C Working capital management

Chapter 4 Working Capital

1 The nature of working capital

2 Objectives of working capital

3 Role of working capital management

4 The cash operating cycle

5 Liquidity ratios 

Chapter 5 Managing working capital

1 Managing inventories

2 Managing account receivable

3 Managing account payable

Chapter 6 Working capital finance 

1 The management of cash

2 Cash flow forecasts

3 Treasury management

4 Cash management models

5 Investing surplus cash

6 Working capital funding strategies

Part D Investment appraisal

Chapter 7 Investment decisions

1 Investment and the capital budgeting process

2 Relevant cash flows

3 Payback period

4 Return on capital employed

Chapter 8 Investment appraisal using DCF methods 

1 Discounted cash flow

2 The net present value method

3 The internal rate of return method

4 NPV and IRR compared

5 Assessment of DCF methods of project appraisal

Chapter 9 Allowing for inflation and taxation

1 Allowing for inflation

2 Allowing for taxation

3 NPV layout

Chapter 10 Project appraisal and risk

1 Risk and uncertainty

2 Sensitivity analysis

3 Probability analysis

4 Other risk adjustment techniques

Chapter 11 Specific investment decisions

1 Lease or buy decisions

2 Asset replacement decisions

3 Capital rationing

Part E Business finance

Chapter 12 Sources of finance

1 Short-term sources of finance

2 Debt finance

3 Venture capital

4 Equity finance

5 Islamic finance

Chapter 13 Divided policy

1 Internal sources of finance

2 Dividend policy

Chapter 14 Gearing and capital structure

1 Gearing

2 Effect on shareholder wealth

3 Finance for small and medium-sized entities

Chapter 15 The cost of capital

1 The cost of capital

2 The dividend growth model

3 The capital asset pricing model (CAPM)

4 The cost of debt

5 The weighted average cost of capital

Chapter 16 Capital structure

1 Capital structure theories

2 Impact of cost of capital on investments

Part F BUSINESS VALUATIONS

Chapter 17 Business Valuations

1 The nature and purpose of business valuations

2 Assets valuation bases

3 Income based valuation bases

4 Cash flow based valuation models

5 The valuation of debt

Chapter 18 Market efficiency

1 The efficient market hypothesis

2 The valuation of shares

Part G Risk management

Chapter 19 Foreign currency risk

1 Exchange rates

2 Foreign currency risk

3 The causes of exchange rate fluctuations

4 Foreign currency risk management

5 Foreign currency derivatives

Chapter 20 Interest rate risk

1 Interest rates

2 Interest rate risk

3 The causes of interest rate fluctuations

4 Interest rate risk management

5 Interest rate derivatives

参考资料

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

授课老师
田高良

田高良

教授

分享