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。
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。
ACCA Paper F2 Management Accounting; ACCA Paper F5 Performance Management
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
Financial Management,BPP Learning Media,2017年1月,ISBN 9781-5097-0842-0
田高良
教授
