ACA | Business Strategy module syllabus 2012 | ICAEW
ACA | Business Strategy module syllabus 2012 | ICAEW
ACA | Business Strategy module syllabus 2012 | ICAEW
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TopicManagementInformationProfessional Stage<strong>Business</strong> &FinanceFinancialManagement<strong>Business</strong><strong>Strategy</strong>Advanced StageBondsBond pricing using NPVAYields to maturityADuration and price volatilityAConvexityATerm structure of interest ratesACorporate borrowing and default riskASOURCES OF FINANCE AND FINANCING ARRANGEMENTSShort, medium and long term sources of finance B ALoan agreement conditions (warranties; covenants;BAguarantees)Raising capital B AGearing and capital structure A →Loan agreements and covenants A →Dividend policy A →Financing reconstructions (eg: group reconstruction,BAspin off, purchase of own shares, use of distributableprofits)Working capital management C AFINANCIAL ENGINEERINGFutures, options and swapsOptions B AInterest rate futures B AInterest rate options B AInterest forward rate agreements (FRAs) B AInterest rate swaps B AForeign exchangeCurrency forward contracts B ACurrency money market cover B ACurrency options B ACurrency swaps B AOperational techniques for managing currency risk B ATheoretical determinants of foreign exchange rates B AOption valueValue of a call and put optionCBlack Scholes option pricing modelBBinomial Option Pricing ModelBReal options C B<strong>ACA</strong> <strong>Business</strong> <strong>Strategy</strong> <strong>syllabus</strong> <strong>2012</strong> V2 10Copyright © <strong>ICAEW</strong> 2006 - 2011
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