FM 技术文章下载
ACCA FM 技术文章(2020年)
Inflation and investment appraisal
This article discusses the nominal terms and real terms approaches to investment appraisal using the net present value method, and also considers the impact of taxation in the context of these approaches. This is an area of the syllabus where mistakes are often made by unprepared candidates.
Dividend theory
Dividends and share price growth are the two ways in which wealth can be provided to shareholders. This article looks at some theories on dividend payments, as well as the practical matters that have to be taken into account and a discussion on dividend policies.
Behavioural finance
This article briefly looks at what behavioural finance is and some important terms related to behavioural finance which students should know.
Working capital management
This article covers the foundations of working capital management, a core area of the Financial Management syllabus, and focuses on the analysis of current assets and current liabilities. The topic can form part, or the whole of, a 20-mark question in the exam, as well as being examined by objective test questions.
Accounts receivable management
Section C2d) of the Financial Management Study Guide states that candidates should be able to ‘discuss, apply and evaluate the use of relevant techniques in managing accounts receivable’.
Hedging techniques for interest rate risk
This article looks at Section G of the Financial Management Study Guide relating to the management of interest rate risk.
The capital asset pricing model – part 1
In the first of a three-part series of articles, we consider the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduces the asset beta formula.
The capital asset pricing model – part 2
This article describes how to apply the CAPM when calculating a project-specific discount rate to use in investment appraisal.
CAPM: theory, advantages, and disadvantages
In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM.
Management of foreign accounts receivable
This article focuses on foreign accounts receivable, which present some additional challenges to a business that are not present with domestic-based customers.
Business finance for SMEs
Also available as a podcast on iTunes
In this article, we consider potential finance sources that an SME could use, with a particular focus on the more modern sources of crowdfunding and supply chain financing.
Equivalent annual costs and benefits
The calculation of equivalent annual costs is a tool that can be used by companies to assist in asset replacement decisions.
Business valuations
This article discusses the three broad approaches to business valuations – assets-based, income-based, and cash flow-based.
Analysing the suitability of financing alternatives
This article suggests an approach for students to apply to a key area of the Financial Management syllabus before finishing with a worked example to demonstrate the technique discussed.
Introduction to Islamic finance
This article takes a look at Islamic finance, which has just been introduced to the Financial Management syllabus.
Business finance
Section E of the syllabus deals with business finance. This article covers types of finance, sources of finance and mix of finance.
Advanced investment appraisal
Investment appraisal is one of the core topics within Financial Management and it is a topic which has been well represented in the Financial Management exam.
Foreign currency risk and its management
A focus on the three types of currency risk – economic risk, translation risk and transaction risk.
Cost of capital, gearing and CAPM – part 1
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the first part of the article that looks at how a suitable discount rate can be calculated.
Cost of capital, gearing and CAPM – part 2
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the second part of the article that looks at how a suitable discount rate can be calculated.
Receivables collection
This article considers two methods a company could adopt in order to speed up the collection of cash from its customers.
Optimum capital structure
Is it possible to increase shareholder wealth by changing the capital structure.
ACCA FM 技术文章(2019年)
Behavioural finance This article briefly looks at what behavioural finance is and some important terms related to behavioural finance which students should know.
Working capital management This article covers the foundations of working capital management, a core area of the Financial Management syllabus, and focuses on the analysis of current assets and current liabilities. The topic can form part, or the whole of, a 20-mark question in the exam, as well as being examined by objective test questions.
Accounts receivable management Section C2d) of the Financial Management Study Guide states that candidates should be able to ‘discuss, apply and evaluate the use of relevant techniques in managing accounts receivable’.
Hedging techniques for interest rate risk This article looks at Section G of the Financial Management Study Guide relating to the management of interest rate risk.
The capital asset pricing model – part 1 In the first of a three-part series of articles, we consider the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduces the asset beta formula.
The capital asset pricing model – part 2 This article describes how to apply the CAPM when calculating a project-specific discount rate to use in investment appraisal.
CAPM: theory, advantages, and disadvantages In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM.
Management of foreign accounts receivable This article focuses on foreign accounts receivable, which present some additional challenges to a business that are not present with domestic-based customers.
Business finance for SMEs Also available as a podcast on iTunes In this article, we consider potential finance sources that an SME could use, with a particular focus on the more modern sources of crowdfunding and supply chain financing.
Equivalent annual costs and benefits The calculation of equivalent annual costs is a tool that can be used by companies to assist in asset replacement decisions.
Business valuations This article discusses the three broad approaches to business valuations – assets-based, income-based, and cash flow-based.
Analysing the suitability of financing alternatives This article suggests an approach for students to apply to a key area of the Financial Management syllabus before finishing with a worked example to demonstrate the technique discussed.
Introduction to Islamic finance This article takes a look at Islamic finance, which has just been introduced to the Financial Management syllabus.
Business finance Section E of the syllabus deals with business finance. This article covers types of finance, sources of finance and mix of finance.
Advanced investment appraisal Investment appraisal is one of the core topics within Financial Management and it is a topic which has been well represented in the Financial Management exam.
Foreign currency risk and its management A focus on the three types of currency risk – economic risk, translation risk and transaction risk.
Cost of capital, gearing and CAPM – part 1 A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the first part of the article that looks at how a suitable discount rate can be calculated.
Cost of capital, gearing and CAPM – part 2 A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the second part of the article that looks at how a suitable discount rate can be calculated.
Receivables collection This article considers two methods a company could adopt in order to speed up the collection of cash from its customers.
Optimum capital structure Is it possible to increase shareholder wealth by changing the capital structure.
ACCA FM 技术文章
Accounts receivable management
(William Parrott is a freelance FM tutor and senior FM tutor at MAT Uganda,Last updated: 21 Jun 2016）
Hedging techniques for interest rate risk
(Ken Garrett is a freelance lecturer and writer,Last updated: 29 Mar 2016)
Management of foreign accounts receivable
(Written by a member of the F9 examining team,Last updated: 4 Dec 2015)
Business finance for SMEs
(William Parrott, freelance FM tutor and senior FM tutor, MAT Uganda,Last updated: 24 Jun 2015)
Equivalent annual costs and benefits
(William Parrott, freelance tutor and senior FM tutor, MAT Uganda,Last updated: 20 Apr 2015)
Myopic management
(Peter Atrill is a freelance academic and writer,Last updated: 4 Dec 2015)
Business valuations
(Ken Garrett is a freelance lecturer and writer)
Analysing the suitability of financing alternatives
(William Parrott is a lecturer at Kaplan Financial)
Introduction to Islamic finance
(Ken Garrett is a freelance author and lecturer,Last updated: 23 May 2016)
Business finance
(Ken Garrett is a freelance lecturer and author,Last updated: 15 May 2015)
Advanced investment appraisal
(William Parrott is a lecturer at Kaplan Financial)
Foreign currency risk and its management
(Ken Garrett is a freelance author and lecturer,Last updated: 3 Sep 2015)
Cost of capital, gearing and CAPM-part 2
(Ken Garrett is a freelance author and lecturer,Last updated: 22 Feb 2016)
Cost of capital, gearing and CAPM-part 1
(Ken Garrett is a freelance writer and lecturer,Last updated: 12 Apr 2016)
Receivables collection
(William Parrott is a lecturer at Kaplan Financial,Last updated: 15 Jul 2016)
Optimum capital structure
Patrick Lynch is a lecturer at Dublin Business School,Last updated: 15 Jul 2016)
CAPM: theory, advantages, and disadvantages
(Written by a member of the Paper F9 examining team,Last updated: 20 Apr 2015)
The capital asset pricing model – part 1
(Written by a member of the Paper F9 examining team,Last updated: 20 Apr 2015)
The capital asset pricing model – part 2
(Written by a member of the Paper F9 examining team,Last updated: 20 Apr 2015)
Being an angel
(Written by a member of the Paper F9 examining team,Last updated: 20 Apr 2015)
