ACCA考试科目P4（AFM）黄金十题+热门考点解析
今天高顿ACCA龚老师给各位学子讲下P4(AFM)这一科目考试的黄金10题+P4热门考点。 戳>>>2019年ACCA备考资料免费领
Part A
Role of senior financial adviser in the multinational organizations
热门考点1：Strategic/Ethic/environment impact + Agency/stakeholder theory + integrated reporting
Should：Staple (2016 Jun Q3(b)
Part B
Advanced investment appraisal
热门考点2：NPV/foreign NPV + IRR/MIRR + capital rationing + sensitivity analysis +discounted payback + VaR
Must -1：Arbore (2012 Dec Q4);
Must -2：Yilandwe (2015 Jun Q1)
Should : Tisa (2012 Jun Q4)
热门考点3：Dividend policy + dividend capacity + methods of multinational dividends + methods to solve the blocked dividend/oversee remittance
Must -3：Lirio(2016 Jun Q1)
热门考点4：WACC (Ke/Kd/ degear & regear of Beta/ MM proposition 2) + credit rating + theory of capital structure + debt financing背PPT总结 (Euro bond/Islamic finance…)+ equity financing背PPT总结 (right issue/IPO/listing/dark pool/securitization…)
Must -4：Mlima (2013 Jun Q1)
Part C
Acquisition and Mergers
热门考点5：Synergy + consideration(cash / share/ earn out)of acquisition + valuation methods (i.e. FCFE+FCF, P/E, DVM热门)+problem of mis-valuation
Must -5：Vogel (14 Jun Q3)
Must -6：Cigno (15 Dec Q1)
Part D
Corporate reconstruction and reorganization
热门考点6：Valuation + ratio analysis + financial reconstruction
Must -7：Flufftort (15 Dec Q3)
Should: Chrysos (17 Dec Q1)
热门考点7：Valuation + 计算business organization ( demerger/spin-off/divest/sell off) +文字MBO/MBI/LBO/employee buy out (背PPT总结，公众号首页回复「P4资料」、「P4冲刺」领取)
Must -8：Nubo (13 Dec Q4)
Should: Cigno (15 Dec Q1)
Part E
Treasure and advanced risk management
热门考点7：Forex hedge (Forward/ Forex swap/ option on future)PPT的例题熟练掌握+ interest hedge (Forward + future + option + Swap + collar)各种方法比较
Must -9: Armstrong (15 Dec Q2);
Must -10: Awan (13 Dec Q2)
Should: Buryecs (17 Jun Q3)
