ACCA2011年6月份考試大綱(F9)(11)

　　隨著ACCA2010年12月份考試的結束,考生正式進入ACCA2011年6月份的考試備考當中,為幫助廣大考生迅速掌握考試要點,定位好備考重點,正保會計網校本著服務廣大考生、努力讓廣大考生的復習、備考事半功倍的宗旨,將陸續公布2011年6月份ACCA考試大綱和學習指南,以饗考生！該大綱和學習指南旨在幫助考生規劃學習,并為每一部分的考點提供詳細的信息。

　　E BUSINESS FINANCE

　　1.Sources of and raising short-term finance

　　a)Identify and discuss the range of short-term sources of finance available to businesses,including:^[2]

　　i)overdraft

　　ii)short-term loan

　　iii)trade credit

　　iv)lease finance

　　2.Sources of and raising,long-term finance

　　a)Identify and discuss the range of long-term sources of finance available to businesses,including:^[2]

　　i)equity finance

　　ii)debt finance

　　iii)lease finance

　　iv)venture capital

　　b)Identify and discuss methods of raising equity finance,including:^[2]

　　i)rights issue

　　ii)placing

　　iii)public offer

　　iv)stock exchange listing

　　3.Raising short and long term finance through Islamic financing

　　a)Explain the major difference between Islamic finance and the other conventional finance.^[1]

　　b)Explain the concept of interest(riba)and how returns are made by Islamic financial securities.^[1](calculations are not required)

　　c)Identify and briefly discuss a range of short and long term Islamic financial instruments available to businesses including^[1]

　　i)trade credit(murabaha)

　　ii)lease finance(ijara)

　　iii)equity finance(mudaraba)

　　iv)debt finance(sukuk)

　　v)venture capital(musharaka)

　　4.Internal sources of finance and dividend policy

　　a)Identify and discuss internal sources of finance,including:^[2]

　　i)retained earnings

　　ii)increasing working capital management efficiency

　　b)Explain the relationship between dividend policy and the financing decision ^[2]

　　c)Discuss the theoretical approaches to,and the practical influences on,the dividend decision,including:^[2]

　　i)legal constraints

　　ii)liquidity

　　iii)shareholder expectations

　　iv)alternatives to cash dividends

　　5.Gearing and capital structure considerations

　　a)Identify and discuss the problem of high levels of gearing ^[2]

　　b)Assess the impact of sources of finance on financial position and financial risk using appropriate measures,including:

　　i)ratio analysis using statement of financial position gearing,operational and financial gearing,interest coverage ratio and other relevant ratios ^[2]

　　ii)cash flow forecasting ^[2]

　　iii)effect on shareholder wealth ^[2]

　　6.Finance for small and medium sized entities(SMEs)

　　a)Describe the financing needs of small businesses.^[2]

　　b)Describe the nature of the financing problem for small businesses in terms of the funding gap,the maturity gap and inadequate security.^[2]

　　c)Explain measures that may be taken to ease the financing problems of SMEs,including the responses of government departments and financial institutions.^[1]

　　d)Identify appropriate sources of finance for SMEs and evaluate the financial impact of different sources of finance on SMEs.^[2]