ACCA財務管理F9

課程性質

課程定位

ACCA財務管理F9課程是ACCA考試第一階段的主幹課程，也是一門承上啟下的課程。該課程是《管理會計(Paper F2 Management Accounting)》課程的深化和發展，又是進一步學習《績效管理（Paper F5 Performance Management）》《高級財務管理（Paper P4 Advanced Financial Management）》《高級業績管理（Paper P5 Advanced Performance Management）》這三門課程的基礎。

開課信息

開課次數	開課時間	授課教師	學時安排	參與人數
第1次開課	2017年09月11日-2018年01月16日	田高良	3-5小時每周	7477
第2次開課	2018年03月26日-2018年07月25日	田高良		7951
第3次開課	2018年09月03日-2019年01月19日	田高良、歐佩玉、汪方軍齊保壘、李留闖		5537
第4次開課	2019年02月16日-2019年07月25日	田高良、歐佩玉、汪方軍齊保壘、李留闖		5731
第5次開課	2019年09月02日-2020年01月07日	田高良		5600
第6次開課	2020年02月24日-2020年06月30日			5654
第7次開課	2020年09月11日-2020年11月29日			2479

課程簡介

ACCA財務管理F9課程主要包括財務管理職能、財務管理環境、營運資金管理、投資評估、企業資金、資本成本、企業估價、風險管理等8個部分內容，共設有20個章節。

課程大綱

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

Quick Quiz 1

Chapter 2 The economic environment for business

Syllabus Overview

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

Quick Quiz 2

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

Quick Quiz 3

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

Quick Quiz 4

Chapter 5 Managing working capital

1 Managing inventories

2 Managing account receivable

3 Managing account payable

Quick Quiz 5

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

Quick Quiz 6

Chapter 7 Investment decision

1 Investment and the capital budgeting process

2 Relevant cash flows

3 Payback period

4 Return on capital employed

Quick Quiz 7

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

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

2 Sensitivity analysis

3 Probability analysis

4 Other risk adjustment techniques

Quick Quiz 10

Chapter 11 Specific investment decisions

1 Lease or buy decisions

2 Asset replacement decisions

3 Capital rationing

Quick Quiz 11

Chapter 12 Sources of finance

1 Short-term sources of finance

2 Debt finance

3 Venture capital

4 Equity finance

Quick Quiz 12

Chapter 13 Dividend policy

1 Internal sources of finance & 2 Dividend policy

2 Dividend policy

Quick Quiz 13

Chapter 14 Gearing and capital structure

1 Gearing

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

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

1 Capital structure theories

2 Impact of cost of capital on investments

Quick Quiz 16

Chapter 17 Business valuations

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

3 Income-based valuation bases

4 Cash flow based valuation models & 5 Valuation of debt

Quick Quiz 17

Chapter 18 Market efficiency

1 The efficient market hypothesis

2 The valuation of shares

Quick Quiz 18

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

Quick Quiz 19

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

Quick Quiz 20

課前預備

預備知識

學習ACCA財務管理F9課程需要預備ACCA Paper F2 Management Accounting、ACCA Paper F3 Financial Accounting、ACCA Paper F5 Performance Management等知識。

學習資料

書名	作者	ISBN	出版時間	出版社
《Financial Management》	BPP Learning Media	978-1-5097-2408-6	2019年2月	----

授課目標

通過該課程的學習，讓學員掌握財務管理的核心內容（財務管理職能、財務管理環境、運營資本管理、投資評估、企業融資、資本成本、企業估價、風險管理），指導學員參加全球ACCA F9考試，提升學員財務管理能力。

所獲榮譽

2019年1月8日，ACCA財務管理F9課程曾被評為國家精品線上開放課程。

該課程還曾被評為國家級雙語教學示範課。

教師簡介

該課程教師團隊均來自西安交通大學，其中田高良、齊保壘為教授職稱，歐佩玉、汪方軍、李留闖為副教授職稱。