澳门百家乐官网 (中国）有限公司官网

課程背景

　　當(dāng)前我國經(jīng)濟(jì)發(fā)展面對諸多挑戰(zhàn)，金融業(yè)也面臨復(fù)雜環(huán)，今年發(fā)布的《金融業(yè)發(fā)展和改革“十二五”規(guī)劃》明確“推動發(fā)展期貨和金融衍生品市場”，指出將繼續(xù)加強(qiáng)金融期貨市場建設(shè)，在確保股指期貨平穩(wěn)運(yùn)行的基礎(chǔ)上，適時推出國債期貨，積極穩(wěn)妥發(fā)展其他權(quán)益類金融期貨期權(quán)產(chǎn)品，以及利率、外匯期貨期權(quán)產(chǎn)品等金融衍生品。

　　加快發(fā)展期貨和金融衍生品市場將開辟金融對沖風(fēng)險渠道，“十二五”期間，金融衍生品也將進(jìn)入一個繁榮的時期。因此企業(yè)必然需要主動適應(yīng)環(huán)境變化，準(zhǔn)確把握金融業(yè)發(fā)展趨勢，有效地設(shè)計投資策略，并利用金融衍生品化解風(fēng)險甚至提升利潤。

課程收益

　　【開拓視野】了解國外最前沿的金融衍生工具運(yùn)用

　　【形勢研判】把握中國金融市場的現(xiàn)狀及最新趨勢

　　【中國特色】通曉中國最熱門的金融衍生工具方法

　　【智慧投資】學(xué)會在投資實戰(zhàn)中運(yùn)用金融衍生工具

課程對象

　　企業(yè)負(fù)責(zé)戰(zhàn)略發(fā)展或投融資的高層管理者

　　CFO、財務(wù)總監(jiān)等

　　總會計師、副總會計師

　　金融機(jī)構(gòu)從業(yè)人員

課程大綱

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　　在現(xiàn)代企業(yè)的會計管理中，準(zhǔn)確處理各類財務(wù)項目對于保持公司財務(wù)健康和符合會計規(guī)范至關(guān)重要。企業(yè)需要細(xì)致地處理應(yīng)付分保賬款、待處理財產(chǎn)損溢、累計折舊、長期待攤費(fèi)用以及獨立賬戶資產(chǎn)等項目，確保每一筆資金的流向都合規(guī)且高效。本文將探討如何有效管理這些關(guān)鍵財務(wù)要素，以維護(hù)企業(yè)的財務(wù)穩(wěn)定和增長潛力。

　　首先討論應(yīng)付分保賬款。分保是保險公司之間分擔(dān)風(fēng)險的一種方式，而應(yīng)付分保賬款則是保險公司因分出保險業(yè)務(wù)而應(yīng)支付給再保險人的資金。管理這一賬款要求精確評估再保險合同的條款和條件，以確保按時足額支付款項，同時避免過度資金占用。合理預(yù)測現(xiàn)金流，并結(jié)合到期日管理，可以有效地保證資金的流動性和利用效率。

　　接著是待處理財產(chǎn)損溢，這通常指那些已經(jīng)發(fā)生但尚未確定具體財務(wù)影響的財產(chǎn)增減。比如固定資產(chǎn)損壞、庫存商品的損耗等。這類項目的管理關(guān)鍵在于建立一個及時記錄和處理的系統(tǒng)，確保所有的財產(chǎn)損溢都能被適時發(fā)現(xiàn)并計入相關(guān)賬目。通過定期的盤點和審計，可以有效監(jiān)控和調(diào)整這些賬目，防止?jié)撛诘呢攧?wù)差錯或欺詐行為。

　　累計折舊是固定資產(chǎn)因使用、磨損、技術(shù)更新或市場變化等原因?qū)е碌膬r值下降。正確的折舊方法和速率對于反映資產(chǎn)的真實價值至關(guān)重要。企業(yè)應(yīng)根據(jù)固定資產(chǎn)的使用情況和預(yù)期壽命，選擇合適的折舊方法，如直線法、雙倍余額遞減法等。通過折舊，企業(yè)可以合理地將資產(chǎn)成本分?jǐn)偟礁鱾€會計期間，從而更準(zhǔn)確地反映企業(yè)的經(jīng)營成果。

　　長期待攤費(fèi)用是指企業(yè)為獲取未來經(jīng)濟(jì)利益而支付的費(fèi)用，其效益涵蓋多個會計期間。例如預(yù)付的租金、保險費(fèi)等。處理這類費(fèi)用時，應(yīng)當(dāng)按照匹配原則和會計分期假設(shè)，將這些費(fèi)用在其受益期內(nèi)逐步攤銷，而不是一次性計入當(dāng)期費(fèi)用。這有助于平滑各期的利潤水平，更真實地反映企業(yè)的財務(wù)狀況。

　　最后是獨立賬戶資產(chǎn)的管理。這通常指的是為特定目的設(shè)立的賬戶內(nèi)的資產(chǎn)，如信托基金或其他專項基金。這類資產(chǎn)需嚴(yán)格按照相關(guān)法律法規(guī)和合同約定進(jìn)行管理，確保資金的專款專用。此外，對獨立賬戶資產(chǎn)的監(jiān)督要更加嚴(yán)格，以避免濫用或挪用資金。

　　綜上所述，應(yīng)付分保賬款、待處理財產(chǎn)損溢、累計折舊、長期待攤費(fèi)用及獨立賬戶資產(chǎn)等項目的有效管理，是企業(yè)財務(wù)管理工作中不可或缺的一環(huán)。通過制定細(xì)致的管理策略和執(zhí)行嚴(yán)格的財務(wù)控制，企業(yè)不僅能夠確保符合會計標(biāo)準(zhǔn)和法規(guī)要求，還能夠提升資金使用效率，保障企業(yè)的長期財務(wù)健康和穩(wěn)定發(fā)展。

　　會計平衡公式為：資產(chǎn)=負(fù)債+所有者權(quán)益，或者資產(chǎn)=負(fù)債+所有者權(quán)益+收入-費(fèi)用，會計平衡公式是反映資產(chǎn)負(fù)債表要素之間的數(shù)量關(guān)系的等式，表現(xiàn)了會計要素之間的數(shù)量關(guān)系，是會計方法的出發(fā)點和基礎(chǔ)。

　　權(quán)益是對企業(yè)資產(chǎn)可以提出要求的權(quán)利，它是由負(fù)債和所有者權(quán)益組成的。

　　什么是所有者權(quán)益？

　　所有者權(quán)益是指企業(yè)資產(chǎn)扣除負(fù)債后，由所有者享有的剩余權(quán)益。公司的所有者權(quán)益又稱為股東權(quán)益，所有者權(quán)益是所有者對企業(yè)資產(chǎn)的剩余索取權(quán)，它既可反映所有者投入資本的保值增值情況，又體現(xiàn)了保護(hù)債權(quán)人權(quán)益的理念。

　　資產(chǎn)是什么？

　　資產(chǎn)是指由企業(yè)過去的交易或事項形成的、由企業(yè)擁有或者控制的、預(yù)期會給企業(yè)帶來經(jīng)濟(jì)利益的資源，資產(chǎn)是企業(yè)、自然人、國家擁有或者控制的能以貨幣來計量收支的經(jīng)濟(jì)資源，包括各種收入、債權(quán)和其他，資產(chǎn)包含流動資產(chǎn)、長期資產(chǎn)、固定資產(chǎn)、無形資產(chǎn)和其他資產(chǎn)。資產(chǎn)具有其應(yīng)為企業(yè)擁有或者控制的資源、預(yù)期會給企業(yè)帶來經(jīng)濟(jì)利益、是一項由過去的交易或者事項形成的資源的特征。

　　怎么理解負(fù)債？

　　負(fù)債是指企業(yè)過去的交易或者事項形成的，預(yù)期會導(dǎo)致經(jīng)濟(jì)利益流出企業(yè)的現(xiàn)時義務(wù)。負(fù)債具有其為企業(yè)承擔(dān)的現(xiàn)時義務(wù)、負(fù)債的清償預(yù)期會導(dǎo)致經(jīng)濟(jì)利益流出企業(yè)和負(fù)債是由過去的交易或事項形成的特征，負(fù)債一般按其償還速度或償還時間的長短劃分為流動負(fù)債和長期負(fù)債兩類。

課程背景

　　In the world only has two facts inevitably,one is the death,two is the tax revenue.

　　China is one of the biggest markets in the world and is attracting more and more global investors to move into the China market.In order to run the business in a most cost efficient way,it is necessary for the foreign investors to understand all the potential relevant tax costs that would be incurred in China before making an investment decision.In addition,different type of investment activities will trigger different types of taxes.

課程收益

　　You can learn about China's tax policies and regulations.

　　You can understand the impact of tax laws on foreign investment in China

　　You can master the enterprise in the VAT reform in expanding around the pilot to adjust in accounting

　　You can grasp the meaning and usage of key taxes,such as Corporate income tax.

　　You can familiar with trial reform of the tax planning under the new basic concepts and skills.

　　You can understand the pilot reform possible strategy for enterprise influence.

課程對象

　　Foreigners

　　Foreign Investment Enterprises("FIEs")

　　Foreign Enterprises("FEs")doing business in China

課程大綱

　　Module 1 China's Taxation System

　　Framework of tax system in China

　　Classification of taxes and Type of Tax

　　Module 2 Analysis of Specific Taxes

　　Tax on income

　　?Corporate income tax("CIT")

　　-standard tax rate is 25%

　　-the tax rate could be reduced to 15%for qualified enterprises which are engaged in industries encouraged by the China government.

　　?Individual income tax("IIT")

　　-progressive rates range from 5%to 45%.

　　Tax on transactions

　　?Value-added tax

　　-The meaning and the scope

　　-The standard tax rate is 17%with certain necessities taxed at 13%.

　　?Consumption tax

　　-The meaning and the scope

　　-Tax rate

　　?Business tax

　　-The meaning and the scope

　　-Tax rate

　　Tax on specific objective

　　?Land appreciation tax

　　-The meaning and the scope

　　-Calculation of added value

　　Tax on resource

　　?Resources tax

　　-The meaning and the scope

　　-Tax rate

　　Tax on property

　　?Real estate tax

　　-The meaning and the scope

　　-Tax rate

　　Tax on behavior

　　?Vehicle and vessel tax

　　-The meaning and the scope

　　-Tax rate

　　?Motor vehicle acquisition tax

　　-The meaning and the scope

　　-Tax rate

　　?Stamp tax

　　-The meaning and the scope

　　-Tax rate

　　Tax levied by the Customs

　　?Customs duties

　　-The meaning and the scope

　　-Tax rate

　　Tax levied by finance department

　　?Deed tax

　　-The meaning and the scope

　　-Tax rate

想了解最新詳細(xì)課程資料，點擊網(wǎng)頁的在線咨詢圖標(biāo)，與在線老師交流。

　　流動資產(chǎn)是企業(yè)資產(chǎn)中必不可少的組成部分，不同的流動資產(chǎn)投資策略對企業(yè)的經(jīng)營會造成不同的影響，那么流動資產(chǎn)投資策略有哪些？

　　流動資產(chǎn)的投資策略

　　1、緊縮的流動資產(chǎn)投資策略，特點：高風(fēng)險、高收益

　　在緊縮的流動資產(chǎn)投資策略下，企業(yè)維持低水平的流動資產(chǎn)與銷售收入比率。這里的流動資產(chǎn)一般只包括：生產(chǎn)經(jīng)營過程中產(chǎn)生的存貨、應(yīng)收款項以及現(xiàn)金等生產(chǎn)性流動資產(chǎn)。

　　不包括：股票、債券等有價證券等金融性流動資產(chǎn)。

　　緊縮的流動資產(chǎn)投資策略可以節(jié)約流動資產(chǎn)的持有成本。但與此同時可能伴隨著更高風(fēng)險，這些風(fēng)險體現(xiàn)為更緊的應(yīng)收賬款信用政策和較低的存貨占用水平，以及缺乏現(xiàn)金用于償還應(yīng)付賬款等等。緊縮的流動資產(chǎn)投資策略就會提高企業(yè)效益。

　　2、寬松的流動資產(chǎn)投資策略，特點：低風(fēng)險、低收益

　　在寬松的流動資產(chǎn)投資策略下，企業(yè)一般會維持高水平的流動資產(chǎn)與銷售收入比率。因為較高的流動性，企業(yè)的財務(wù)與經(jīng)營風(fēng)險較小。但是，過多的流動資產(chǎn)投資，無疑會承擔(dān)較大的流動資產(chǎn)持有成本，提高企業(yè)的資金成本，降低企業(yè)的收益水平。

　　流動資產(chǎn)是什么意思？

　　流動資產(chǎn)是指企業(yè)可以在一年或者超過一年的一個營業(yè)周期內(nèi)變現(xiàn)或者運(yùn)用的資產(chǎn)，是企業(yè)資產(chǎn)中必不可少的組成部分。流動資產(chǎn)的內(nèi)容包括貨幣資金、短期投資、應(yīng)收票據(jù)、應(yīng)收賬款和存貨等。

　　流動資產(chǎn)的特點：

　　1、流動資產(chǎn)占用形態(tài)具有變動性;

　　2、流動資產(chǎn)占用數(shù)量具有波動性;

　　3、流動資產(chǎn)循環(huán)與生產(chǎn)經(jīng)營周期具有一致性;

　　4、流動資產(chǎn)的來源具有靈活多樣性。

　　制定流動資產(chǎn)投資策略的影響因素有哪些？

　　１、權(quán)衡資產(chǎn)的收益性與風(fēng)險性。

　　最優(yōu)的流動資產(chǎn)投資應(yīng)該是使流動資產(chǎn)的持有成本和短缺成本之和最低。管理者(收益性)和債權(quán)人(流動性)兩個方面。

　　２、結(jié)合企業(yè)經(jīng)營的內(nèi)外部環(huán)境進(jìn)行考慮。

　　如企業(yè)若是融資困難，一般會采用緊縮的流動資產(chǎn)投資策略。

　　３、產(chǎn)業(yè)因素的影響。

　　對于銷售邊際毛利較高的產(chǎn)業(yè)，如果從額外銷售中獲得的利潤大于額外應(yīng)收賬款所增加的成本，此時適合采用寬松的信用政策，可以為企業(yè)帶來更可觀的收益。

　　流動資產(chǎn)占用具有明顯的行業(yè)特征。

課程背景

　　What do you want to achieve or avoid?The answers to this question are objectives.How will you go about achieving your desire results?The answer to this you can call strategy.

　　Managing changing market conditions is never easy,but turmoil also presents unique opportunities to acquire previously unobtainable targets.However,acquirers must understand today’s credit limitations,new competition and investment legislation,increasing shareholder activism,and merger and acquisition(M&A)litigation issues.

　　The downturn may present many acquisition opportunities,but which fit best with your long-term business strategy?Leading strategic planners will describe how to develop an effective investment strategy,identify potential targets,and efficiently evaluate opportunities.Through this training you will explore how to identify and assess strategic targets,evaluate investment opportunities,navigate today’s deal hurdles,and successfully integrate an acquired business to deliver real results and real value.

課程收益

　　Ensuring the realization of the M&A purpose

　　Deeply analysis on the hottest topics of M&A

　　Understanding the obstacles of Chinese corporations to do the strategic merge&acquisition

　　Learning the laws and regulations involving in the merge&acquisition activities

　　Controlling the risks when formulating a merge&acquisition strategy

　　Developing M&A deal negotiation skills

　　Gaining knowledge of target sourcing and driving success in the down market

　　Advancing in evaluation models and methods

　　Improving assessment of risk

　　Obtaining strategies of finance in M&A

課程對象

　　CEO,VP,Director,GM,Head and Manager of

　　Strategic Planning、Finance

　　Corporate/Business Development

　　M&A/Legal

課程大綱

Corporate development strategy vs. M&A strategy
- Stable development strategy
- Defense strategy
- M&A categories
- Transaction valuation
- M&A Financing methods
- Case studies
Ensuring the new business conforms to company's objectives
- Differentiating Transaction Success & Deal Success
- Understanding the main factors for value creation
- Reorganizing, reconstructing and adjusting the business system
- Recommendation for PMI (Post Merger Integration) strategy
Strategic M&A and corporate core competitiveness
- What is the corporate core competitiveness
- Foster and enhance the core competitiveness of the strategic thinking
- Why should we enhance the core competitiveness
- Lacking of the core competitiveness
- Cultivating the core competitiveness through corporate M&A
- Two methods of obtaining the core competitiveness
- Core competitiveness has been the sourcing power of merge activities
Analyzing the key considerations before entering into cross border M&A
- Defining key factors that play a significant role in M&A flows
- Managing multi- jurisdiction due diligence
- Knowledge of geographic and industrial sectors have proven most attractive and the places future opportunities lie
- Understanding cultural considerations in cross border deals
Decision making process of strategic M&A
- Characteristics of strategic M&A
- M&A decision making process
- Opportunity analysis stage
- Preliminary analysis stage
- Detailed analysis stage
- Evaluation and decision making stage
- Target selecting

Understanding the differences between business valuation on local and international M&A transactions and negotiating the best deal
- What are the differences of business valuation when merging or acquiring local companies and international companies?
- Similar area, finance, legal, IP, HR, etc, but with different areas of concerns
- Difference in accounting, legal/IP, labor issues
- Key considerations in evaluating a target company
- Acquirer's business strategy vs. target business
- Products & marketing
- Identify synergy & improvement
- Management team
- Middle management
- Corporate Culture
- Optimizing a valuation----How to reach common understanding of the business valuation and transaction price on both sides of the fence?
- Communication
- Cultural factors
- Trust
- Control misunderstanding and misleading information
- Case studies-Lessons learned
Examining the synergies after strategic M&A-Case study from listed companies
- Management synergy
- Operating synergy
- Diversification synergy
- Financial and tax synergy
- Intangible assets synergy
Case Study-Advancing the negotiation and closing the deal
- Negotiating tactics: How to position your company from the opening offer to final agreement
- Using due diligence to enhance your advantages
- Understanding the strengths and the weaknesses in the other side's position
- Identifying the key value drivers
Management Buyout
- The development of MBO
- The purpose of MBO
- The financing method of MBO
- The pricing strategy of MBO
- Case study

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　　隨著金融市場的不斷發(fā)展，母基金作為一種重要的投資工具，越來越受到投資者的關(guān)注。本文將探討如何利用母基金進(jìn)行投資，以及如何應(yīng)對標(biāo)準(zhǔn)倉單轉(zhuǎn)讓與清退、抓住漲停板額和跌停板額的機(jī)會。

　　一、母基金投資策略

　　1.市場定位策略

　　母基金的投資策略應(yīng)根據(jù)市場定位來制定。對于日交易者而言，應(yīng)關(guān)注近期交割月份的標(biāo)準(zhǔn)倉單轉(zhuǎn)讓和清退情況，以便及時調(diào)整投資策略。同時，要關(guān)注市場定位，以便在市場波動時能夠迅速做出反應(yīng)。

　　2.信息不對稱

　　信息不對稱是金融市場中的一個重要問題。投資者應(yīng)關(guān)注市場信息，以便在關(guān)鍵時刻做出正確的決策。此外，投資者還應(yīng)關(guān)注空盤量的變化，以便了解市場的供需狀況。

　　3.抓住漲停板額和跌停板額機(jī)會

　　在金融市場中，漲停板額和跌停板額是投資者關(guān)注的焦點。投資者應(yīng)關(guān)注這些數(shù)據(jù)，以便在市場波動時能夠抓住機(jī)會。同時，投資者還應(yīng)關(guān)注其他因素，如市場定位、基本面分析等，以便全面了解市場狀況。

　　二、標(biāo)準(zhǔn)倉單轉(zhuǎn)讓與清退

　　1.標(biāo)準(zhǔn)倉單轉(zhuǎn)讓

　　標(biāo)準(zhǔn)倉單轉(zhuǎn)讓是指投資者將持有的標(biāo)準(zhǔn)倉單出售給其他投資者。在進(jìn)行標(biāo)準(zhǔn)倉單轉(zhuǎn)讓時，投資者應(yīng)注意以下幾點：

　　（1）了解市場行情，選擇合適的時間進(jìn)行轉(zhuǎn)讓；

　　（2）確保所轉(zhuǎn)讓的標(biāo)準(zhǔn)倉單是真實有效的；

　　（3）了解轉(zhuǎn)讓價格，確保自身利益不受損失。

　　2.標(biāo)準(zhǔn)倉單清退

　　標(biāo)準(zhǔn)倉單清退是指投資者將持有的標(biāo)準(zhǔn)倉單退還給發(fā)行方。在進(jìn)行標(biāo)準(zhǔn)倉單清退時，投資者應(yīng)注意以下幾點：

　　（1）了解清退政策，確保自身權(quán)益不受損失；

　　（2）了解清退流程，確保順利完成清退操作；

　　（3）關(guān)注清退價格，確保自身利益不受損失。

　　三、結(jié)論

　　母基金作為一種重要的投資工具，為投資者提供了豐富的投資機(jī)會。然而，投資者在進(jìn)行母基金投資時，也應(yīng)注意應(yīng)對標(biāo)準(zhǔn)倉單轉(zhuǎn)讓與清退、抓住漲停板額和跌停板額的機(jī)會。通過制定合理的投資策略，關(guān)注市場信息，投資者可以在金融市場中取得成功。

課程背景

　　China’s rise as the most important global M&A market and the almost dramatic increase of Chinese outbound M&A activities signals a sea change of opportunities and pitfalls.As witnessed by the landmark deal between Lenovo and computer giant IBM in 2005,M&A transactions are expected to gather pace as China prepares itself to become an economic superpower.While the central government has somewhat revamped opaque regulations,Mergers&Acquisitions in China:Law and Practice lends much needed clarity by providing a structured introduction to the legal aspects of China’s M&A regime.

　　The downturn may present many acquisition opportunities,but which fit best with your long-term business strategy?Leading strategic planners will describe how to develop an effective investment strategy,identify potential targets,and efficiently evaluate opportunities.Through this training you will explore how to identify and assess strategic targets,evaluate investment opportunities,navigate today’s deal hurdles,and successfully integrate an acquired business to deliver real results and real value.

課程收益

　　Ensuring the realization of the M&A purpose

　　Deeply analysis on the hottest topics of M&A

　　Understanding the obstacles of Chinese corporations to do the strategic merge&acquisition

　　Learning the laws and regulations involving in the merge&acquisition activities

　　Controlling the risks when formulating a merge&acquisition strategy

　　Developing M&A deal negotiation skills

　　Gaining knowledge of target sourcing and driving success in the down market

　　Advancing in evaluation models and methods

　　Improving assessment of risk

　　Obtaining strategies of finance in M&A

課程對象

　　CEO,VP,Director,GM,Head and Manager of

　　Strategic Planning、Finance

　　Corporate/Business Development

　　M&A/Legal

課程大綱

　　Corporate development strategy vs.M&A strategy

　　Stable development strategy

　　Defense strategy

　　M&A categories

　　Transaction valuation

　　M&A Financing methods

　　Case studies

　　Ensuring the new business conforms to company's objectives

　　Differentiating Transaction Success&Deal Success

　　Understanding the main factors for value creation

　　Reorganizing,reconstructing and adjusting the business system

　　Recommendation for PMI(Post Merger Integration)strategy

　　Strategic M&A and corporate core competitiveness

　　What is the corporate core competitiveness

　　Foster and enhance the core competitiveness of the strategic thinking

　　Why should we enhance the core competitiveness

　　Lacking of the core competitiveness

　　Cultivating the core competitiveness through corporate M&A

　　Two methods of obtaining the core competitiveness

　　Core competitiveness has been the sourcing power of merge activities

　　Analyzing the key considerations before entering into cross border M&A

　　Defining key factors that play a significant role in M&A flows

　　Managing multi-jurisdiction due diligence

　　Knowledge of geographic and industrial sectors have proven most attractive and the places future opportunities lie

　　Understanding cultural considerations in cross border deals

　　Decision making process of strategic M&A

　　Characteristics of strategic M&A

　　M&A decision making process

　　Opportunity analysis stage

　　Preliminary analysis stage

　　Detailed analysis stage

　　Evaluation and decision making stage

　　Target selecting

　　Understanding the differences between business valuation on local and international M&A transactions and negotiating the best deal

　　What are the differences of business valuation when merging or acquiring local companies and international companies?

　　Similar area,finance,legal,IP,HR,etc,but with different areas of concerns

　　Difference in accounting,legal/IP,labor issues

　　Key considerations in evaluating a target company

　　Acquirer's business strategy vs.target business

　　Products&marketing

　　Identify synergy&improvement

　　Management team

　　Middle management

　　Corporate Culture

　　Optimizing a valuation----How to reach common understanding of the business valuation and transaction price on both sides of the fence?

　　Communication

　　Cultural factors

　　Trust

　　Control misunderstanding and misleading information

　　Case studies-Lessons learned

　　Examining the synergies after strategic M&A-Case study from listed companies

　　Management synergy

　　Operating synergy

　　Diversification synergy

　　Financial and tax synergy

　　Intangible assets synergy

　　Case Study-Advancing the negotiation and closing the deal

　　Negotiating tactics:How to position your company from the opening offer to final agreement

　　Using due diligence to enhance your advantages

　　Understanding the strengths and the weaknesses in the other side's position

　　Identifying the key value drivers

　　Management Buyout

　　The development of MBO

　　The purpose of MBO

　　The financing method of MBO

　　The pricing strategy of MBO

　　Case study

想了解最新詳細(xì)課程大綱及資料，點擊網(wǎng)頁左側(cè)的在線咨詢圖標(biāo)，與在線老師交流咨詢領(lǐng)取。

　　ACCA考試科目一共有15門，其中F2為《管理會計》，這門科目的主要內(nèi)容是關(guān)于管理會計體系的主要元素和管理會計的作用，其中涉及較多的知識點多且雜，如管理會計，管理信息，成本會計等，考試難點較多，F(xiàn)2《管理會計》重點難點資料，具體如下：

　　1.Target cost=target selling price–target profit=market price–desired profit margin.

　　2.cost gap=estimated cost–target cost.

　　3.TQM:

　　①preventing costs

　　②appraisal costs

　　③internal failure costs

　　④external failure cost

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　　4.Alternative costing principle:

　　①ABC(activity based costing)

　　②Target costing

　　③Life cycle

　　④TQM

　　8.Time series:

　　①trend

　　②seasonal variation:⑴加法模型sum to zero;⑵乘法模型sum to 4

　　③cyclical variation

　　④random variation

　　9.pricipal budget factor關(guān)鍵預(yù)算因子：be limited the activities

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　　10.budget purpose:

　　①communication

　　②coordination

　　③compel the plan

　　④motivative employees

　　⑤resource allocation

　　11.Budget committee的功能：①coordinated②administration

　　12.Budget:①function budget②master budget:1.P&L;2.B/S;3.Cash Flow

　　13.Fixed Budget:不是在于固不固定，而是基于一個業(yè)務(wù)量的考慮，financail expression.

　　Flexible Budget:包含了固定成本和變動成本，并且變動成本的變化是隨著業(yè)務(wù)量的變化而改變。

　　14.Flexible Budget的優(yōu)點：

　　①recognize different cost behavior.

　　②improve quality and a comparison of like with like

　　③help managers to forecast cost,revenue and profit.

　　15.Flexible Budget的缺點：

　　①假設(shè)太簡單。

　　②需要更多的時間準(zhǔn)備預(yù)算編制。

　　16.Controllable cost is a“cost which can be influenced by”its budget holder.大部分的變動成本是可控的，non-controllable cost為inflation.

　　17.Budget Behavior:

　　①participate approach

　　②imposed budget

　　18.payback投資回收期的缺點：

　　①ignore profitability

　　②the time value of money is ignored

　　③沒有考慮項目后期帶來的經(jīng)濟(jì)利益

　　④arbitray武斷

　　19.payback投資回收期的優(yōu)點：

　　①easy to calculate

　　②widely use

　　③minimize the effect of the risk and help liqidity

　　★如果在算投資回收期的時候，發(fā)生折舊，則需要加回折舊，因為折舊是非現(xiàn)金項目。

　　20.(1+real interst rate)*(1+inflation rate)=(1+nominal interest rate)

　　21.NPV=present value of future net cash flow–present value of initial cost

　　22.永續(xù)年金=A/i

　　23.每年的匯報是相同的就查看年金現(xiàn)值系數(shù)表，不同的就查看年金系數(shù)表。

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　　24.EAR=CAR=APR=(1+r/n)n–1有效年利率

　　25.IRR:(based on cash flow analysis)

　　①IRR>cost of capital,NPV>0,worth taking

　　②IRR<cost of capital,NPV<0,not worthwhile.

　　26.ARR=average profit/average investment(ARR是基于profit)

　　Average investment=(initial investment–residual value)/2

　　27.type of standard:

　　①basic standard

　　②current standard

　　③ideal standard

　　④attainable standard

　　28.Variance

　　ⅠMaterial Variance

　　⑴total material variance=standard cost–actual cost

　　⑵material price variance=(standard price–actual price)*actual quantity

　　⑶material usage variance=(standard usage of actual output-actual usage)*standard price.

　　ⅡDirect Labor Variance

　　⑴standard pay–actual pay

　　⑵Labor rate variances=(standard rate–actual rate)*actual hrs of actual output

　　⑶Labor efficiency variances=(standard hrs of actual output–actual hrs)*standard rate

　　ⅢVariable production overhead variances

　　⑴Total variable O.H.variance=standard cost–actual cost

　　⑵Variable O.H.expenditure variance=(standard rate–actual rate)*actual hrs

　　⑶Variable O.H.efficiency variance=(standard hrs of actual output–actual hrs)*standard rate

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　　ⅣFixed O.H.expenditure variance

　　⑴Fixed O.H.Expenditure variance=budget expenditure–actual expenditure

　　⑵Fixed O.H.volume=(actual output-budgeted volume)*standard hrs per unit*standard rate per hr.

　　⑶Capacity variance=(actual hrs worked–budgeted hrs worked)*standard rate per hr

　　⑷Efficiency variance=(standard hrs worked for actual output–actual hrs worked)*standard rate per hr⑴+⑵：Fixed O.H.total variance=fixed O.H.absorbed–actual expenditure

　　ⅤSales variance

　　⑴Sales price variances=(actual price–budget price)*actual sales units

　　⑵Sales volume variances=(actual sales units–budget sales units)*standard profit per unit

　　(absorption)

　　⑶Sales volume variances=(actual sales units–budget sales units)*standard CPU(marginal costing)

　　ⅥIdle time variances

　　Idle time variance=(expected idle time–actual idle time)*adjusted hr rate

　　29.The elements of a mission statement including:

　　①Purpose

　　②Strategy

　　③Policies and standards of behavior

　　④Values and culture

　　30.A critical success factor is a performance requirement that is fundamental to competitive success.

　　31.Profitability ratios

　　①Return on capital employed(ROCE)

　　=profit before interest and tax/(shareholders’funds+long-term liabilities)×100%

　　②Return on equity(ROE)=profit after tax/shareholders’funds×100%

　　③Asset turnover=sales/capital employed×100%

　　=sales/(shareholders’funds+long-term liabilities)×100%

　　④Profit margin=profit before interest and tax/sales×100%

　　Profit margin×asset turnover=ROCE

　　32.Debt and gearing ratios

　　①Debt-to-equity ratio=long-term liabilities/total equity×100%

　　②Interest cover=PBIT/Interest×100%

　　33.Liquidity ratios

　　①Current ratio=current assets/current liabilities

　　②Quick ratio(acid test ratio)=current assets minus inventory/current liabilities

　　34.Working capital ratios

　　①Inventory days=average inventory*365/cost of sales

　　②Receivables days=average trade receivables*365/sales

　　③Payables days=average trade payables*365/cost of sales(or purchases)

　　35.Non-financial performance measures

　　Non-financial performance measures are considered to be leading indicators of financial performance.

　　①M(fèi)arket share

　　②Innovation

　　③Growth

　　④Productivity

　　⑤Quality

　　⑥Social aspects

　　36.The balanced scorecard:

　　①financial perspective

　　②external perspective

　　③customer perspective

　　④learning and innovation perspective

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　　37.Benchmarking:

　　①Internal benchmarking

　　②Competitive benchmarking

　　③Functional benchmarking

　　④Strategic benchmarking

　　38.Value analysis is a planned,scientific approach to cost reduction,which reviews the material composition of a product and the product's design so that modifications and improvements can be made which do not reduce the value of the product to the customer or user.

　　39.Four aspects of'value'should be considered:

　　①Cost value

　　②Exchange value

　　③Utility value

　　④Esteem value

　　40.ROI=PBIT/capital employed*100%

　　Widely used and accepted;As a relative measure it enables comparisons to be made with divisions or companies of different sizes.

　　41.RI=PBIT-Imputed interest*capital employed.

　　Possible to use different rates of interest for different types of assets;Cost of finance is being considered.