CIMA Study Systems 2006:Management Accounting-Financial Strategy
- 1st Edition - June 23, 2005
- Imprint: CIMA Publishing
- Author: John Ogilvie
- Language: English
- eBook ISBN:9 7 8 - 0 - 0 8 - 0 5 0 2 0 0 - 7
The 2006 edition of CIMA's Official Study Systems have been updated to reflect changes in the syllabus. Key sections have been written by the examiners and assessors to fully… Read more
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The 2006 edition of CIMA's Official Study Systems have been updated to reflect changes in the syllabus. Key sections have been written by the examiners and assessors to fully reflect what could be tested in the exam.
Updated to incorporate legislative and syllabus changes, the 2006 Study Systems provide complete study material for the May and November 2006 exams. The new edition maintains the popular loose-leaf format and contains:
* practice questions throughout
* complete revision section
* topic summaries
* recommended reading articles from a range of journals
Updated to incorporate legislative and syllabus changes, the 2006 Study Systems provide complete study material for the May and November 2006 exams. The new edition maintains the popular loose-leaf format and contains:
* practice questions throughout
* complete revision section
* topic summaries
* recommended reading articles from a range of journals
* The official study systems are the only study materials endorsed by CIMA
* Updated to reflect changes in the syllabus with key sections written by examiners and assessors
* Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice
* Updated to reflect changes in the syllabus with key sections written by examiners and assessors
* Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice
CIMA students and lecturers
Formulation of Financial Strategy Introduction; Objectives or profit-making entities; objectives of not-for-profit organisations; Public and private – similarities and differences; Assessing attainment of financial objectives; The three key decisions of financial management; Policies for distribution of earnings; Developing financial strategy in the context of regulatory requirements; Major economic issues; Modelling and forecasting cash flows and financial statements; Current and Emerging issues in financial reporting; Summary; Readings; Revision Questions; Solutions to Revision Questions Financial Management Introduction; The treasury function; Financial markets; Share price volatility; The efficient market hypothesis; Investor ratios; Working capital management strategies; Summary; Readings; Revision Questions; Solutions to Revision Questions Sources of Long-term Finance Introduction; shareholders’ funds; Raising share capital – the stock market; Debt finance; Medium-term financing; Financing of small businesses; Summary; Readings; Revision Questions; Solutions to Revision Questions Capital Structure and Cost of Capital Introduction; Measuring gearing; Cost of capital; Weighted average cost of capital; Marginal cost of capital; The traditional theory of gearing; Modigliani and Miller’s theories of gearing; Cost of capital and adjusted cost of capital; Risk and reward; Portfolio theory; The capital asset pricing model; Using the CAPM as an investment tool; MM, CAPM and geared betas; Use of CAPM in investment appraisal; Arbitrage pricing model; Summary; Readings; Revision Questions; Solutions to Revision Questions Business Valuations Introduction; Methods of company valuation; Business valuations and efficient markets; intellectual capital; The impact of changing capital structure; Recognition of the interest of different stakeholder groups in company valuations; Summary; Readings; Revision Questions; Solutions to Revision Questions Merges, Acquisitions and Buyouts Introduction; Terminology and types of merger; The reasons for merger or acquisition; Defences against takeover; Methods of payment for an acquisition; The post-merger or post-acquisition integration process; Reasons why merges and acquisitions fail; Management buyouts; MBOs and other forms of reconstruction; Summary; Readings; Revision Questions; Solutions to Revision Questions Investment Appraisal Techniques Introduction; Accounting rate of return; Payback; Discounting techniques; Capital rationing; Annual equivalent cost; Summary; Readings; Revision Questions; Solutions to Revision Questions Advanced Investment Appraisal Techniques Introduction; Taxation; Inflation; Working capital; Identification of a project’s relevant costs and benefits; Linking investment in IS/IT with strategic, operational and control needs; Adjusting for risk; Evaluating and reporting investment opportunities; Adjusted present value; Assessing investments as options; Project implementation and control; Post-completion auditing; Summary; Readings; Revision Questions; Solutions to Revision Questions Financing and Appraisal of Overseas Operations Introduction; Financing overseas operations – a global strategy; The effect of restrictions on remittances; the Euromarkets; The effect of taxation; International capital budgeting; APV method; Summary; Readings; Revision Questions; Solutions to Revision Questions Preparing for the Examination Revision technique; Format of the examination Case-study Questions
- Edition: 1
- Published: June 23, 2005
- Imprint: CIMA Publishing
- Language: English