[AICPA 과목별 주요내용] BEC (3) - Financial Management (11~21%)

Business Environment and Concepts 주요내용
(Wiley CPAexcel Exam Review 2017년판 기준)
Financial Management (11~21%)

Introduction to Financial Management

Concepts and Tools

Cost Concepts
Time Value of Money Tools
Interest Rate Concepts and Calculations
Financial Valuation

• Introduction to Financial Valuation
• Valuation Techniques—General
• Valuation Techniques—CAPM
• Valuation Techniques—Option Pricing
• Valuation Techniques—Business Entity
• Hedging and Derivatives

Capital Budgeting

Introduction and Project Risk
Evaluation Techniques

• Introduction and the Payback Period Approach
• Discounted Payback Period Approach
• Accounting Rate of Return Approach
• Net Present Value Approach
• Internal Rate of Return Approach
• Ranking Projects
• Capital Project Ranking Decisions

Financing Options

Introduction and Financial/Capital Structure
Introduction to Short-Term Financing
Short-Term (Working Capital) Financing

• Payables
• Standby Credit and Commercial Paper
• Receivables and Inventory

Long-Term (Capital) Financing

• Introduction to Long-Term Financing
• Long-Term Notes and Financial Leases
• Bonds
• Preferred Stock
• Common Stock
• Cost of Capital and Financing Strategies

Working Capital Management

Introduction to Working Capital Management
Cash Management
Short-Term Securities Management
Accounts Receivable Management
Inventory Management
Current Liabilities Management
Ratio and Measures for Working Capital Management

• Introduction to Ratio Analysis
• Liquidity Measures
• Operational Activity Measures

Financial Management Risk Concepts—Summary