2011年9月CIIA最新考试大纲.xls

完完整整考考试试大大纲纲 20082008年年0909月月 Complete Exam Syllabus ACIIA September 2008 目目录录 译译文文仅仅供供参参考考 Contents 第第一一部部分分Part 1 投投资资组组合合管管理理Portfolio Management 现现代代投投资资组组合合理理论论Modern Portfolio Theory 风险 收益框架The Risk Return Framework 有效市场假说Efficient Market Hypothesis 投资组合理论Portfolio Theory 资本资产定价模型 CAPM Capital Asset Pricing Model CAPM 套利定价理论Arbitrage Pricing Theory 投投资资政政策策Investment Policy 投资目标Investment Objectives 资资产产配配置置Asset Allocation 资产配置概述Asset Allocation Overview 资产配置类型Type of Asset Allocation 资资产产负负债债 分分析析与与管管理理Asset Liability Analysis and Management 负债建模Modelling Liabilities 注资比率Funding Ratios 综合优化Integrated Optimization 结果解释Interpretation of Results 编辑与实施Dynamics and Implementation 投投资资组组合合管管理理实实务务Practical Portfolio Management 股票组合管理Managing an Equity Portfolio 衍生工具在投资组合管理中的应用Derivatives in Portfolio Management 房地产组合管理Managing a Property Portfolio 另类资产 私人资本Alternative Assets Private Capital 国际投资International Investments 绩绩效效度度量量Performance Measurement 绩效度量与评价Performance Measurement and Evaluations 投投资资机机构构管管理理Management of Investment Institutions 评估和挑选投资经理Assessing and Choosing Managers 第第二二部部分分Part 2 股股票票估估值值与与分分析析Equity Valuation and Analysis 股票市场及其构成Equity Markets and Structures 洞察产业生命周期Understanding the Industry Life Cycle 行业分析及行业内上市公司分析Analyzing the Industry Sector and its Constituent Companies 了解公司Understanding the Company 普通股的估值模型Valuation Model of Common Stock 第第三三部部分分Part 3 债债券券的的估估值值与与分分析析Bond Valuation and Analysis 金金融融市市场场与与工工具具Financial Markets and Instruments 固定收益证券 公司债券与政府债 券 Fixed Income Corporate and Government 金金融融市市场场与与工工具具Financial Markets and Instruments 货币的时间价值Time Value of Money 债券收益率指示Bond Yield Measures 利率期限结构Term Structure of Interest Rates 债券价格分析Bond Price Analysis 风险度量Risk Measurement 信用风险Credit risk 附附认认股股权权证证的的债债券券Bonds with Warrants 投资属性Investment Characteristics 认股权证的价值Value of Warrants 可可转转换换债债券券Convertible Bonds 投资属性Investment Characteristics 转换特性之价值Value of Conversion Benefits 可可赎赎回回债债券券Callable Bonds 投资属性Investment Characteristics 估值与久期 期限 Valuation and Duration 浮浮动动利利率率票票据据Floating Rate Notes 投资属性及其分类Investment Characteristics and Types 估值方法Valuation Method 按按揭揭支支持持证证券券Mortgage Backed Securities 按揭贷款分类Types of Mortgages 有价证券的分类Types of Securities 影响市场价格的因素Factors Affecting Market Price 估值方法论Valuation Methodologies 固固定定收收益益证证券券组组合合管管理理策策略略Fixed Income Portfolio Management Strategies 积极管理Active Management 消极管理Passive Management 基于因素模型构造的投资组合Portfolio Construction based on a Factor Model 计算套期比率 修正久期法Computing the Hedge Ratio the Modified Duration Method 第第四四部部分分Part 4 衍衍生生产产品品估估值值与与分分析析Derivative Valuation and Analysis 金金融融市市场场与与工工具具Financial Markets and Instruments 衍生产品市场Derivatives Markets 期货市场Futures Markets 相关金融市场Related Markets 衍衍生生产产品品与与其其他他金金融融产产品品分分析析Analysis of Derivative and other Products 期货Futures 期权Options 资产支持证券Asset backed Securities 第第五五部部分分Part 5 公公司司财财务务Corporate Finance 公公司司财财务务基基础础Fundamentals of Corporate Finance 公司财务的目标Goals of Corporate Finance 财务职能与企业的目标The Finance Function and the Firm s Objectives 财务经理的职责Role of Financial Managers 估值原则Principles of Valuation 贴现现金流Discounted Cash Flows 资本预算Capital Budgeting 长长期期融融资资决决策策Long Term Finance Decision 投资决策Investment Decision 项目评估Project Evaluation 清算与重组Liquidation and Reorganization 短短期期融融资资决决策策Short Term Finance Decision 短期融资Short Term Financing 现金管理Cash Management 短期信贷Short Term Lending and Borrowing 第第六六部部分分Part 6 财财务务会会计计与与财财务务报报表表分分析析Financial Accounting and Financial Statement Analysis 财财务务报报告告环环境境Financial Reporting Environment 商业活动和主要财务报表Business Activities and Principal Financial Statements 财务报表的应用Financial Reporting Issues 财财务务报报表表编编制制与与列列报报框框架架 Framework for the Preparation and Presentation of Financial Statements 现现金金流流量量表表Statement of Cash Flows 现金流量表的基本原理Rationale for the Statement of Cash Flows 收入流和现金流的关系Relation between Income Flows and Cash Flows 公公认认会会计计原原则则 收收入入确确认认 Generally Accepted Accounting Principles Income Recognition 权责发生制Accrual Basis 公公认认会会计计原原则则 资资产产 负负债债和和所所有有 者者权权益益 Generally Accepted Accounting Principles Assets Liabilities and Shareholders Equities 资产 确认 计量和分类Assets Recognition Valuation and Classification 负债Liabilities 所有者权益Shareholders Equities 企企业业合合并并Business Combination 兼并和收购Mergers and Acquisitions 合并财务报表Consolidated Financial Statements 外外币币业业务务Foreign Currency Transactions 外币业务Foreign Currency Transaction 海外业务的财务报表Financial Statements of Foreign Operations 财财务务报报告告和和财财务务报报表表分分析析Financial Reporting and Financial Statement Analysis 利润与现金流Income Flow vs Cash Flow 利润的质量和利润管理Quality of Earning Earnings Management 每股收益Earnings per Share 分部报告Segment Reporting 中期报告Interim Financial Statements 深深入入了了解解财财务务报报表表的的分分析析性性工工具具Analytical Tools for Gaining Financial Statement Insights 资产负债表Balance Sheet 损益表Income Statement 评评估估盈盈利利性性和和风风险险的的分分析析工工具具Analytical Tools for Assessing Profitability and Risk 盈利性分析Profitability Analysis 风险分析Risk Analysis 盈亏平衡分析Break even Analysis 预计财务报表Pro Forma Financial Statements 第第七七部部分分Part 7 经经济济学学Economics 宏宏观观经经济济学学Macroeconomics 国民收入和物价水平的衡量Measuring National Income and Price 实际市场均衡Equilibrium in the Real Market 货币市场均衡Equilibrium in the Money Market 经济均衡和总需求Equilibrium in Economy and Aggregate Demand 总供给与决定产品 服务价格的因 素 Aggregate Suppy and Determination