ACCA-FM-各章節(jié)考試重點及刷題指南-Part F&G

Part F business valuation

本章考察Section A&B;其中Section B必考一題；考試分值為15分左右

考試重難點

1. 無效的市場，弱勢有效市場，半強勢有效市場，強勢有效市場的區(qū)分-重點

2. Noise traders (噪音交易者)；Herding (羊群效應(yīng))；Bubble (泡沫)；Loss aversion (損失厭惡)；Momentum effect (動量效應(yīng))概念區(qū)分

3. 股權(quán)估值的方:Asset basis(Net asset value basis)；Income(or earnings)basis;P/E ratio method;Earning yield method;cash flow basis;

4. 債券估值的不同方法-會計算

Part G risk management

本章考察Section A&B選擇題；必考一道Section B 10分題目；考試分值為15分左右，本章理解起來較難，金融知識較多，但是不要放棄本章學(xué)習(xí)，本章考試難度不大，會計算會區(qū)分各種工具

考試重難點

1. Exchange rate risk management basics (what)

2. 固定匯率和浮動匯率

3. Spot and forward exchange rate

4. PPPT和IRPT理論和計算方法掌握

5. 費雪理論和預(yù)期理論掌握，以及四因素平衡理論掌握

6. 經(jīng)濟(jì)風(fēng)險，報表轉(zhuǎn)換風(fēng)險，交易風(fēng)險概念區(qū)分

7. Internal methods managing transaction risk：Invoice in home currency；Leading and lagging

Matching&Netting

8. External methods managing transaction risk：Money market hedge；Forward contract；會計算和區(qū)分，衍生品Future ?Option；Swap會判斷方向

9. 利率風(fēng)險和基差風(fēng)險的概念

10. Expectation theory&Liquidity preference theory - (always pushes upward) &Market segmentation and preferred habitat theory概念會區(qū)分

11. Internal methods managing interest rate risk：Matching；Smoothing；Asset and liability management

12. External methods managing interest rate risk：Over the counter methods：Forward rate agreement；Interest rate guarantees (IRGS)；Interest rate collar

13. Exchange traded instruments：Interest rate futures ；Interest rate option on futures；Interest rate swap