ACCA2011年6月份考試大綱(F9)(13)

　　隨著ACCA2010年12月份考試的結束,考生正式進入ACCA2011年6月份的考試備考當中,為幫助廣大考生迅速掌握考試要點,定位好備考重點,正保會計網校本著服務廣大考生、努力讓廣大考生的復習、備考事半功倍的宗旨,將陸續(xù)公布2011年6月份ACCA考試大綱和學習指南,以饗考生！該大綱和學習指南旨在幫助考生規(guī)劃學習,并為每一部分的考點提供詳細的信息.

　　G BUSINESS VALUATIONS

　　1.Nature and purpose of the valuation of business and financial assets

　　a)Identify and discuss reasons for valuing businesses and financial assets.^[2]

　　b)Identify information requirements for valuation and discuss the limitations of different types of information.^[2]

　　2.Models for the valuation of shares

　　a)Asset-based valuation models,including:^[2]

　　i)net book value(statement of financial position basis).

　　ii)net realisable value basis.

　　iii)net replacement cost basis.

　　b)Income-based valuation models,including:^[2]

　　i)price/earnings ratio method.

　　ii)earnings yield method.

　　c)Cash flow-based valuation models,including:^[2]

　　i)dividend valuation model and the dividend growth model.

　　ii)discounted cash flow basis.

　　3.The valuation of debt and other financial assets

　　a)Apply appropriate valuation methods to:^[2]

　　i)irredeemable debt

　　ii)redeemable debt

　　iii)convertible debt

　　iv)preference shares

　　4.Efficient Market Hypothesis(EMH)and practical considerations in the valuation of shares

　　a)Distinguish between and discuss weak form efficiency,semi-strong form efficiency and strong form efficiency ^[2]

　　b)Discuss practical considerations in the valuation of shares and businesses,including:^[2]

　　i)marketability and liquidity of shares

　　ii)availability and sources of information

　　iii)market imperfections and pricing anomalies

　　iv)market capitalisation

　　c)Describe the significance of investor speculation and the explanations of investor decisions offered by behavioural finance ^[1]