Outline of "Financial Integration" Examination Proposition
First, the nature of the examination.
"Financial Synthesis" is one of the unified entrance examination subjects of 20 1 1 Master of Finance (MF). The examination of Comprehensive Finance should strive to reflect the characteristics of the master's degree in finance, scientifically, fairly, accurately and normatively evaluate the basic quality and comprehensive ability of candidates, select outstanding talents with development potential, and cultivate high-level, applied and compound financial professionals with good professional ethics and strong ability to analyze and solve practical problems for national economic construction.
Second, the examination requirements
Test candidates' ability to master and apply basic concepts and theories related to finance and corporate finance.
Third, the content of the exam
The first part is finance.
I. Currency and monetary system
● The function of money and monetary system
● International monetary system
Two. Interest and interest rate
● Interest
● Interest rate determination theory
● Term structure of interest rate
Third, foreign exchange and exchange rate.
● Foreign exchange
● Exchange rate and exchange rate system
Currency, interest rate and exchange rate
● exchange rate determination theory
Four. Financial markets and institutions
● Financial market and its elements
● Money market
● Capital market
● Derivatives market
● Financial institutions (types and functions)
Verb (abbreviation of verb) commercial bank
● Debt business of commercial banks
● Asset business of commercial banks
● Intermediate business and off-balance-sheet business of commercial banks
● Risk characteristics of commercial banks
Six, modern money creation mechanism
● Creation mechanism of deposit currency?
● Functions of the Central Bank
● The process of money creation under the central banking system.
Seven, money supply and demand and balance
● Money demand theory
● Money supply
● Monetary equilibrium
● Inflation and deflation
Eight. monetary policy
● Monetary policy and its objectives
● Monetary policy tools
● Transmission mechanism and intermediary indicators of monetary policy
Nine. Balance of payments and international capital flows
● Balance of payments
● International reserves
● International capital flows
X. Financial supervision
● Financial supervision theory
● Basel agreement
● Supervise financial institutions.
● Financial market supervision
Part II Corporate Finance
I. Financial overview of the company
● What is corporate finance?
● Financial management objectives
Second, the analysis of financial statements
● Accounting statements
● Ratio analysis of financial statements
Third, long-term financial planning
● Sales percentage method
● External financing and growth
Fourth, discount and value.
● Cash flow and discount
● Bond valuation
● Stock valuation
Verb (abbreviation of verb) capital budget
● Investment decision-making methods
● Incremental cash flow
● Application of net present value
● Risk analysis in capital budget
Risks and benefits of intransitive verbs
● Measurement of risks and benefits
● Mean variance model
● Capital asset pricing model
● No arbitrage pricing model
Seven. weighted average cost of capital
● Estimation of β (b)
● Weighted average cost of capital (WACC)
Eight, the efficient market hypothesis
● The concept of efficient capital market
● Form of effective capital market
● Effective market and enterprise financing.
Nine. Capital structure and company value
● Debt financing and equity financing
● Capital structure
● MM theorem
X. company value evaluation
● Main methods of company value evaluation
Application and comparison of three methods
Fourth, the examination methods and scores
The full mark of this course is 150, of which 90 is the finance department and 60 is the company finance department. All training units put forward their own propositions and take part in the national unified examination.