ACCA2011年6月份考试大纲(F9)(5)

　　随着ACCA2010年12月份考试的结束,考生正式进入ACCA2011年6月份的考试备考当中,为帮助广大考生迅速掌握考试要点,定位好备考重点,正保会计网校本着服务广大考生、努力让广大考生的复习、备考事半功倍的宗旨,将陆续公布2011年6月份ACCA考试大纲和学习指南,以飨考生！该大纲和学习指南旨在帮助考生规划学习,并为每一部分的考点提供详细的信息。

　　RATIONALE

　　The syllabus for Paper F9,Financial Management,is designed to equip candidates with the skills that would be expected from a finance manager responsible for the finance function of a business.The paper,therefore,starts by introducing the role and purpose of the financial management function within a business.Before looking at the three key financial management decisions of investing,financing,and dividend policy,the syllabus explores the economic environment in which such decisions are made.

　　The next section of the syllabus is the introduction of investing decisions.This is done in two stages-investment in(and the management of)working capital and the appraisal of long-term investments.

　　The next area introduced is financing decisions.This section of the syllabus starts by examining the various sources of business finance,including dividend policy and how much finance can be raised from within the business.Cost of capital and other factors that influence the choice of the type of capital a business will raise then follows.The principles underlying the valuation of business and financial assets,including the impact of cost of capital on the value of business,is covered next.

　　The syllabus finishes with an introduction to,and examination of,risk and the main techniques employed in the management of such risk.