I. Part- 1- financial planning, performance and control
I. Decision-making on external financial reporting (15%):
1, financial report;
2. Confirmation, measurement, evaluation and disclosure;
B. Planning, budgeting and forecasting (30%): planning process; Budget concept; Annual profit plan and timetable; Budget types, including activity budget, project budget and flexible budget; Advanced planning and analysis; Financial forecasting includes quantitative methods such as regression analysis and learning curve analysis.
C performance management (20%): financial indicators of internal control and performance evaluation, including income, cost, profit and asset investment; Analysis of various differences based on flexible budget and standard cost; Accounting responsibility of revenue, cost, contribution and profit center; Balanced scorecard.
D, cost management (20%): cost concept, process and terminology; Replacement cost target; The concept of cost measurement; Cost accumulation system includes batch costing, step-by-step costing and activity-based costing. Indirect cost allocation; Business efficiency and business process performance topics, such as JIT, MRP and other production specifications, constraint theory, value chain analysis, benchmark analysis, ABM and continuous improvement.
E. Internal control (15%): risk assessment; Internal control environment, procedures and standards; Responsibility and power of internal audit; Audit type; Evaluation of control adequacy of accounting information system.
Part 2-Financial Decisions
A financial report analysis (25%): main financial statements and their purposes; Information limitation of financial statements; Interpretation and analysis of financial statements, including ratio analysis and comparative analysis; Comparison between market value and book value; Fair value accounting; International issues; Main differences between International Financial Reporting Standards (IFRS) and American Generally Accepted Accounting Standards (GAAP); Off-balance sheet financing; Compilation, analysis and adjustment of cash flow statement; Income quality.
B corporate finance (20%): risk type; Risk measurement; Portfolio management; Options and futures; Long-term financing capital instruments; Bonus policy; Factors affecting the optimal capital structure; Capital cost, financing; Working capital management and financing; M&A and international financing.
C decision analysis (20%): related data concepts; Cost/quantity/profit analysis; Marginal analysis; Self-made or outsourcing decisions; Pricing; Income tax impact in operational decision analysis;
D. Risk management (10%): operational risk, hazard risk, financial risk and strategic risk; Enterprise risk management.
E. Investment decision (15%): cash flow estimation; Concept of discounted cash flow method; Net present value; Internal rate of return; Non-discount analysis skills; The influence of income tax on investment decision; Investment project rating; Risk analysis; Real option; Valuation model.
F, professional ethics (10%): ethical considerations for management accounting and financial management professionals; Ethical considerations of organizations.