CMA 국제관리회계사 Study Guide Part 2

SECTION A Financial Statement Analysis

Chapter 1 Basic Financial Statements Analysis 9
01 재무분석의 의의 / 10
02 재무제표분석의 종류 / 11
Chapter 2 Financial Ratio Analysis(Relationship Ratio Analysis) 13
01 관계비율분석의 의의 / 14
02 유동성비율 (Liquidity Ratio) / 18
03 자본구조비율, 지불능력비율, 이익포함비율과 레버리지비율 / 23
04 수익성비율I(Profititability Ratio) / 35
05 활동성비율(Activity Ratio) / 36
06 수익성비율II(Profititability Ratio) / 43
07 시장비율(Market Ratio) / 49
08 Special Issues / 54

SECTION B Corporate Finance

Chapter 1 Risk and Return 59
01 Risk and Return / 60
02 Portfolio Management / 65
03 Risk Premium / 69
04 CAPM (Capital Asset Pricing Model: 자본자산가격결정모형) / 70
Chapter 2 Long-Term Financial Management 75
01 Capital Structure / 76
02 Bonds(Debt securities) / 77
03 Common Stock / 87
04 Preferred Stock / 91
05 Dividend policy / 93
Chapter 3 Cost of Capital 95
01 의 의 / 96
02 Cost of Debt(타인자본비용) / 97
03 Cost of Preferred Stock(우선주자본비용) / 98
04 Coct of Common Stock(보통주자본비용) / 99
05 요구수익률(기대투자수익률)과 자본비용 / 101
06 WACC(Weighted Average Cost of Capital) / 101
07 Optimal Capital Structure / 102
Chapter 4 Raising Capital 103
01 Financial Market(금융시장)의 의의 / 104
02 완전자본시장 및 효율적 시장가설과 자본시장의 이례현상 / 105
03 Souces of the Capital / 107
Chapter 5 Working Capital Management 109
01 Overall / 110
02 Cash and Cash Equivalents Management / 112
03 Marketable Securities Management / 117
04 Accounts Receivable Management / 120
05 Inventories Management / 121
06 Short-Term Credit Management / 124
Chapter 6 Corporate Restructuring 127
01 Business Combination / 128
02 Diverstitures / 130
03 Bankruptcy / 130
Chapter 7 International Finance 133
01 Foreign Currency Exchange Rate / 134
02 Managing Transaction Exposure / 136
03 Financing International Trade / 137

SECTION C Decision Analysis

Chapter 1 Decision Making Intro 141
01 의사결정의 의의 / 142
02 의사결정단계 / 142
03 의사결정의 종류 / 143
04 의사결정의 내용 / 143
05 의사결정에서 고려될 요소 / 144
Chapter 2 Cost-Volume-Profit Analysis 145
01 의 의 / 146
02 기본가정 / 146
03 기초개념 / 147
04 분석내용 / 147
Chapter 3 Relevant Profit Analysis 153
01 의 의 / 154
02 기초개념 / 154
03 구체적 사례에 의한 관련이익분석 / 156
Chapter 4 Pricing 159
01 Pricing Methodologies / 160
02 Factors Affecting Price-Setting / 161
03 Transfer Pricing / 167

SECTION D Risk Management

Chapter 1 Risk Management 171
01 Definition / 172
02 Types of Risk / 173
03 Use of Probabilities in Determining Exposure to Risk / 174
04 Risk Management Framework / 175
Chapter 2 Enterprise Risk Management 179
01 의 의 / 180
02 EMR의 목표 / 180
03 EMR의 프로세스 / 180
04 특 징 / 180
05 EMR의 한계 / 181
Chapter 3 Derivatives 183
01 Futures (+ Forwards) / 184
02 Option / 185
03 Swap / 186
Chapter 4 Immunization by Duration 187
01 Interest Rate Risk / 188
02 Duration / 189
03 Immunization / 190
Chapter 5 Financial Risk Management 191
01 의 의 / 192
02 기타 수단들 / 193

SECTION E Investment Decisions

Chapter 1 The Capital Budget Process 197
01 의 의 / 198
02 적용방법 / 198
03 Procedure / 198
04 Types of Projects / 199
Chapter 2 Cash Flows Estimation 201
01 현금흐름 추정원칙 / 202
02 현금흐름의 구성 / 203
Chapter 3 Investment Decision Method 205
01 Net Present Value(NPV) / 206
02 Internal Rate of Return(IRR) / 207
03 Profitability Index / 208
04 Payback Period Method(PPM) / 209
05 Accounting Rate of Return(ARR) / 210
06 NPV VS IRR / 211
Chapter 4 Risk Analysis and Real Options in Capital Budget 215
01 의 의 / 216
02 위험분석방법 / 216
03 Real option / 216

SECTION F Profrssional Ethics

Chapter 1 Ethical Considerations 219
for Management Accounting and Financial Management Professionals / 219
01 IMA’s “Statement on Ethical Professional Practice” / 220
02 Evaluation and Resolution of Ethical Issues / 223
03 Fraud Triangle / 224
Chapter 2 Ethical Considerations for the Organization 227
01 “Values and Ethics: From Inception to Practice” / 228
02 Corporate Responsibility for Ethical Conduct / 229
03 Applicable Laws and Regulations / 231