ACCA-FM-各章节考试重点及刷题指南-Part F&G

Part F business valuation

本章考察Section A&B;其中Section B必考一题；考试分值为15分左右

考试重难点

1. 无效的市场，弱势有效市场，半强势有效市场，强势有效市场的区分-重点

2. Noise traders (噪音交易者)；Herding (羊群效应)；Bubble (泡沫)；Loss aversion (损失厌恶)；Momentum effect (动量效应)概念区分

3. 股权估值的方:Asset basis(Net asset value basis)；Income(or earnings)basis;P/E ratio method;Earning yield method;cash flow basis;

4. 债券估值的不同方法-会计算

Part G risk management

本章考察Section A&B选择题；必考一道Section B 10分题目；考试分值为15分左右，本章理解起来较难，金融知识较多，但是不要放弃本章学习，本章考试难度不大，会计算会区分各种工具

考试重难点

1. Exchange rate risk management basics (what)

2. 固定汇率和浮动汇率

3. Spot and forward exchange rate

4. PPPT和IRPT理论和计算方法掌握

5. 费雪理论和预期理论掌握，以及四因素平衡理论掌握

6. 经济风险，报表转换风险，交易风险概念区分

7. Internal methods managing transaction risk：Invoice in home currency；Leading and lagging

Matching&Netting

8. External methods managing transaction risk：Money market hedge；Forward contract；会计算和区分，衍生品Future  Option；Swap会判断方向

9. 利率风险和基差风险的概念

10. Expectation theory&Liquidity preference theory - (always pushes upward) &Market segmentation and preferred habitat theory概念会区分

11. Internal methods managing interest rate risk：Matching；Smoothing；Asset and liability management

12. External methods managing interest rate risk：Over the counter methods：Forward rate agreement；Interest rate guarantees (IRGS)；Interest rate collar

13. Exchange traded instruments：Interest rate futures ；Interest rate option on futures；Interest rate swap