ACCA2011年6月份考试大纲(F9)(14)

　　随着ACCA2010年12月份考试的结束,考生正式进入ACCA2011年6月份的考试备考当中,为帮助广大考生迅速掌握考试要点,定位好备考重点,正保会计网校本着服务广大考生、努力让广大考生的复习、备考事半功倍的宗旨,将陆续公布2011年6月份ACCA考试大纲和学习指南,以飨考生！该大纲和学习指南旨在帮助考生规划学习,并为每一部分的考点提供详细的信息。

　　H RISK MANAGEMENT

　　1.The nature and types of risk and approaches to risk management

　　a)Describe and discuss different types of foreign currency risk:^[2]

　　i)translation risk

　　ii)transaction risk

　　iii)economic risk

　　b)Describe and discuss different types of interest rate risk:^[1]

　　i)gap exposure

　　ii)basis risk

　　2.Causes of exchange rate differences and interest rate fluctuations

　　a)Describe the causes of exchange rate fluctuations,including:

　　i)balance of payments ^[1]

　　ii)purchasing power parity theory ^[2]

　　iii)interest rate parity theory ^[2]

　　iv)four-way equivalence ^[2]

　　b)Forecast exchange rates using:^[2]

　　i)purchasing power parity

　　ii)interest rate parity

　　c)Describe the causes of interest rate fluctuations,including:^[2]

　　i)structure of interest rates and yield curves

　　ii)expectations theory

　　iii)liquidity preference theory

　　iv)market segmentation

　　3.Hedging techniques for foreign currency risk

　　a)Discuss and apply traditional and basic methods of foreign currency risk management,including:

　　i)currency of invoice ^[1]

　　ii)netting and matching ^[2]

　　iii)leading and lagging ^[2]

　　iv)forward exchange contracts ^[2]

　　v)money market hedging ^[2]

　　vi)asset and liability management ^[1]

　　b)Compare and evaluate traditional methods of foreign currency risk management.^[2]

　　c)Identify the main types of foreign currency derivates used to hedge foreign currency risk and explain how they are used in hedging.^[1]

　　(No numerical questions will be set on this topic)

　　4.Hedging techniques for interest rate risk

　　a)Discuss and apply traditional and basic methods of interest rate risk management,including:

　　i)matching and smoothing ^[1]

　　ii)asset and liability management ^[1]

　　iii)forward rate agreements ^[2]

　　b)Identify the main types of interest rate derivates used to hedge interest rate risk and explain how they are used in hedging.^[1]

　　(No numerical questions will be set on this topic)

　　READING LIST

　　This section only contains examiner suggested reading which is in addition to the study texts and/or revision materials and/or other reading listed within the learning content provider directory.

　　Additional examiner suggested reading:

　　A Griffiths,D Wall,Applied Economics(11th edition)FT Prentice Hall ISBN 978-0-273-70822-3 / 0-273-70822-3

　　D Watson,A Head,Corporate Finance:Principles and Practice(5th edition)

　　FT Prentice Hall ISBN 978-0-273-72525-1

　　J Van Horne,J Wachowicz,Fundamentals of Financial Management(13th edition)

　　FT Prentice Hall ISBN 0-273-71363-9 / 978-0-273-71363-0

　　Further details on reading lists and Approved Learning Content can be found in the first few sections of this guide and on the following link.