Part 2: 戦略的財務管理

Section D リスクマネジメント

Part 2 Section D.1.4. COSO Framework on ERM COSOフレームワークによるERM

ERMの定義 ERM is the culture, capabilities, and practices that organizations integrate with strategy-setting and apply ...
Section D リスクマネジメント

Part 2 Section D.1.3. Enterprise Risk Management 統合型リスク管理

ERMとは a top-down view ⇔ 伝統的RMは、ボトムアップ ERM and a Portfolio View of Risk 伝統的RMは、silo approach Just like inves...
Section D リスクマネジメント

Part 2 Section D.1.2. Risk Management Process リスクマネジメントプロセス

The basic steps in risk management Risk identificationRisk assessmentRisk prioritizationResponse planningRisk monito...
Section A 財務諸表分析

Part 2 Section A.2.2. Earnings Per Share (EPS) 一株当たり利益

Earnings Per Share EPS 定義 EPS: the amount of income the holder of one share of common stock would have received i...
Section C 意思決定分析

Part 2 Section C.3. Marginal Analysis 限界分析

Marginal Revenue and Marginal Cost Relevant Information Differential: differ between two alternatives例)既存設備が壊れてし...
Section E 投資意思決定

Part 2 Section E.2. Capital investment analysis methods 資本投資分析手法

Capital Budgeting Methods 資本予算の手法 ●CMA試験で出題される資本予算手法は以下の通り Payback Period (Payback Method)Discount Payback Period...
Section B 企業財務

Part 2 Section B.4. Working capital management 運転資本管理

Cash management 現金管理 Reasons for Holding Cash As a medium of exchange 交換手段As a precautionary measure 予備的手段For spe...
Section B 企業財務

Part 2 Section B.3. Raising Capital 資金調達

資金調達の源泉 Retained earningsCommercial bank or finance company loansTerm loansDiscounted notesthe bank deducts interest...
Section B 企業財務

Part 2 Section B.2.2. Cost of Capital 資本コスト

Weighted-Average Cost of Capital 加重平均資本コスト Overall \( \displaystyle \bf WACC = \frac{Total~After~Tax~Costs~of~F...
Section B 企業財務

Part 2 Section B.2. Long-Term Financial Management 長期の財務管理

Capital Structure 資本構成 External FundsLong-term debtPreferred stockCommon stockInternal FundsRetained earnings Ex...