F9 – Financial Management • Investment appraisal - NPV/IRR with tax, inflation and working capital is a favourite topic of the examiner, although areas not examined to date include payback, replacement analysis, capital rationing and lease v buy. • Working Capital Management - receivables are traditionally the most popular topic but payables and cash are due a turn. • Cost of Capital – given recent articles CAPM, its advantages and disadvantages, and its use in calculating a cost of equity and a risk-adjusted WACC must be expected. • Risk Management - hedging foreign exchange risk • Business Finance - gearing/capital structure calculations and comment • Valuations - asset and cash flow based values | 
发表于 2008-11-14 11:03
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