ACCAF9Kaplan/FtcExamTipsforJun2009
發布時間：2014-02-26 共1頁
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 and 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
• 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 and 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
