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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Recommend Financing Strategies | 15–25% | - Evaluate funding requirements and sources - Evaluate mergers, acquisitions and divestment decisions - Recommend dividend, investment and financing policies - Assess capital structure and cost of capital |
| Topic 2: Recommend and Maintain Sound Control Environment | 15–25% | - Evaluate governance structures and ethical frameworks - Design and assess internal control systems - Ensure compliance with laws, regulations and standards - Recommend assurance and reporting processes |
| Topic 3: Evaluate and Mitigate Risk | 15–25% | - Design and evaluate risk management frameworks and controls - Assess risk likelihood and impact - Recommend risk mitigation and response strategies - Identify and categorise strategic, operational, financial and compliance risks |
| Topic 4: Evaluate Business Ecosystem and Environment | 15–25% | - Assess industry structure and competitive forces - Assess impact of digital transformation and innovation - Analyse macro-environmental factors (political, economic, social, technological, legal, environmental) - Evaluate stakeholder interests and influence |
| Topic 5: Develop Business Strategy | 15–25% | - Formulate strategic options and select appropriate strategies - Plan strategy implementation and governance - Analyse organisational mission, vision and objectives - Evaluate internal and external environments |
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問題 #130
*shareholders are offered bonus shares as an alternative to a cash dividend
*share price and EPS are likely to fall due to the increase in shares in issue, however the value of the shareholder's shares and future earnings are unchanged
答案:C
問題 #131
- How should funds be raised?
- What is cost of finance?
- Impact on gearing?
- Equity or debt financing?
- Look at LT vs. ST
答案:C
問題 #132
- Differentiator- persuading customers that the product is superior to that offered by competitors
- Cost Leader - lowest cost provider compared to competitors
-Focus- aimed at a segment of the market
答案:B
問題 #133
1 TSP
答案:A
問題 #134
*Stable dividend policy- paying a constant or constantly growing dividend each year.
*Constant payout ratio- paying out a constant proportion of equity earnings
*Zero dividend policy- all surplus earnings are invested back into the business
*residual dividend policy- a dividend is paid only if there are no further positive NPV projects available
*Ratchet Patterns- paying out a stable but rising dividend each year eg, dividends lag behind earnings
答案:A
問題 #135
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