01 Overview of corporate finance (1) What is corporate finance (2) Interpretation of financial management objectives: (1) This chapter is a basic chapter and tests few knowledge points.
(2) You can focus on: Ross's "Corporate Finance" and Jing Xin's "Financial Management".
02 Financial statement analysis (1) Accounting statements (2) Interpretation of financial statement ratio analysis: (1) Candidates who do not have any accounting foundation are recommended to learn some accounting basics first, such as looking for this elementary accounting textbook to look at the three major accounting statements.
(2) Various financial statement ratio calculation formulas and their relationships must be mastered.
03 Long-term financial planning (1) Sales percentage method (2) Interpretation of external financing and growth: (1) This part of the content is a bit difficult, especially once the slightly more difficult calculation questions are tested, many candidates cannot solve it, which means they have never really mastered this.
Knowledge points.
(2) To learn this chapter well, you must learn the previous chapter well, because these two chapters are a whole.
04 Discount and value (1) Cash flow and discount (2) Valuation of bonds (3) Interpretation of valuation of stocks: (1) If the exam questions for colleges and universities are simple, then the corporate financial management calculation questions usually come from this chapter.
Such as bond valuation and stock valuation, especially stock valuation.
(2) Master various calculation methods, especially special cases, such as looking at the examples in Ross's "Corporate Finance" and Liu Li's "Corporate Finance".
05 Capital budgeting (1) Investment decision-making method (2) Incremental cash flow (3) Net present value application (4) Interpretation of risk analysis in capital budgeting: (1) This chapter is the focus of the exam, and more and more colleges and universities like it
Exam questions are given in this chapter.
(2) This chapter is difficult. The difficulty lies in calculating incremental cash flow. Once this cannot be calculated, the entire calculation problem will be over, so you must be able to calculate OCF.
(3) There are many calculation questions and short answer questions in this chapter, so you must practice more.
06 Risk and Return (1) Measurement of Risk and Return (2) Mean Variance Model (3) Capital Asset Pricing Model (4) Interpretation of No-Arbitrage Pricing Model: (1) This chapter is the focus and difficulty of the exam.
More and more colleges and universities like to issue examination questions in this chapter.
(2) To study this chapter well, it is not enough to read books on corporate finance. You also need to read investment textbooks, such as Bodie's "Investment" textbook.
(3) To enter a prestigious school, in addition to being able to do simple calculations, it is best to master the derivation of various models in order to cope with various complex calculation problems.
07 Weighted average cost of capital (1) Estimation of beta (?) (2) Interpretation of weighted average cost of capital (WACC): (1) The difficulty in this chapter is not the weighted average cost of capital, but beta (?), because it is easy to make mistakes
Calculation problems.
(2) Although the weighted average cost of capital is easy, this concept is very important in corporate financial management and involves the calculation of financing, investment and company value.
08 Efficient Market Hypothesis (1) The concept of efficient capital market (2) The form of efficient capital market (3) Interpretation of efficient market and corporate finance: (1) This chapter mainly tests short answer questions and essay questions, involving a lot of textual content
Exam questions.
(2) In this chapter, Teacher Liu Li’s "Corporate Finance" textbook is very well written. I recommend that you read more.
09 Capital structure and company value (1) Debt financing and equity financing (2) Capital structure (3) Interpretation of MM theorem: (1) This chapter cannot be emphasized enough, because it is very important and has been the key and difficult point in the postgraduate entrance examination over the years.
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(2) Ross's "Corporate Finance" prefers case analysis when introducing the knowledge points in this chapter, while domestic textbooks such as Liu Li's "Corporate Finance" and Zhu Ye's "Corporate Finance" prefer examples, which are more suitable for exams.
(3) Candidates who are willing to learn more recommend reading the corresponding chapter of "Financial Cost Management" in the Certified Public Accountant. After all, this chapter is too important and cannot be overemphasized.
10 Company Value Assessment (1) Main methods of company value assessment (2) Application and comparative interpretation of the three methods: (1) This chapter focuses on the corresponding chapters of Ross's "Corporate Finance", including examples in the book.
For example, the National People's Congress passed the original example questions in the book.
What does deleveraging of hierarchical funds mean?