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Free access to our Exam Success site Look inside ACCA APPROVED CONTENT PROVIDER Paper P4 Advanced Financial Management For exams in September 2016, December 2016, March 2017 and June 2017 ACCA Approved Study Text

ACCA P4 - Advanced Financial Management Study Text 2016 · PDF fileContents . iii . Contents . Page . Introduction . Helping you to pass v Studying P4 vii The exam paper and exam formulae

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    ACCA APPROVED CONTENT PROVIDER

    Contact us

    BPP House142-144 Uxbridge RoadLondon W12 8AAUnited KingdomT 0845 075 1100 (UK)T +44 (0)20 8740 2211 (Overseas)E [email protected]/learningmedia

    February 201632.00

    Paper P4

    Advanced Financial Management

    This ACCA Study Text for Paper P4 Advanced Financial Management has been comprehensively reviewed by the ACCA examining team. This review guarantees appropriate depth and breadth of content and comprehensive syllabus coverage.

    In addition to ACCA examining team reviewed material you get:

    A user-friendly format for easy navigation Exam focus points describing what the examining team will want you to do Regular Fast Forward summaries emphasising the key points in each chapter Questions and quick quizzes to test your understanding A practice question bank containing exam- standard questions with answers A full index All you need in one book

    ACCA approved content providerBPP Learning Media is dedicated to supporting aspiring business professionals with top-quality learning material as they study for demanding professional exams, often whilst working full time. BPP Learning Medias commitment to student success is shown by our record of quality, innovation and market leadership in paper-based and e-learning materials. BPP Learning Medias study materials are written by professionally qualified specialists who know from personal experience the importance of top-quality materials for exam success.

    Paper P4Advanced Financial Management

    For exams in September 2016, December 2016, March 2017 and June 2017

    ACCA ApprovedStudy Text

    Advanced Financial M

    anagement S

    tudy TextACCA

    P4

    For exams in Septem

    ber 2016

    , Decem

    ber 20

    16, M

    arch 2017 and June 20

    17

    ACP4ST16 (RICOH).indd 1-3 04/02/2016 13:21

    File Attachment9781472746726.jpg

  • ACCA APPROVED CONTENT PROVIDER

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  • S T U D Y

    T E X T

    PAPER P4 ADVANCED FINANCIAL MANAGEMENT

    BPP Learning Media is an ACCA Approved Content Provider. This means we work closely with ACCA to ensure this Study Text contains the information you need to pass your exam.

    In this Study Text, which has been reviewed by the ACCA examination team, we:

    Highlight the most important elements in the syllabus and the key skills you need

    Signpost how each chapter links to the syllabus and the study guide

    Provide lots of exam focus points demonstrating what is expected of you in the exam

    Emphasise key points in regular fast forward summaries

    Test your knowledge in quick quizzes

    Examine your understanding in our practice question bank

    Reference all the important topics in our full index

    BPP's Practice & Revision Kit also supports this paper.

    FOR EXAMS IN SEPTEMBER 2016, DECEMBER 2016, MARCH 2017 AND JUNE 2017

  • ii

    First edition 2007 Ninth edition January 2016

    ISBN 9781 4727 4430 2 (Previous ISBN 9781 4727 2682 7) e-ISBN 9781 4727 4672 6 (Previous e-ISBN 9781 4727 2760 2)

    British Library Cataloguing-in-Publication Data

    A catalogue record for this book is available from the British Library

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    BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA

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    BPP Learning Media Ltd 2016

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  • Contents iii

    Contents Page

    Introduction Helping you to pass v Studying P4 vii The exam paper and exam formulae xiv Syllabus and study guide xvi

    Part A Role of the senior financial advisor in the multinational organisation 1 The role and responsibility of the senior financial advisor 3 2 Financial strategy formulation 29 3 Ethical and governance issues 69 4a Trading in a multinational environment 87 4b Planning in a multinational environment 123

    Part B Advanced investment appraisal 5 Discounted cash flow techniques 153 6 Application of option pricing theory in investment decisions 179 7a Impact of financing on investment decisions and adjusted present values 199 7b Valuation and the use of free cash flows 255 8 International investment and financing decisions 271

    Part C Acquisitions and mergers 9 Acquisitions and mergers versus other growth strategies 297 10 Valuation of acquisitions and mergers 313 11 Regulatory framework and processes 343 12 Financing mergers and acquisitions 355

    Part D Corporate reconstruction and reorganisation 13 Financial reconstruction 369 14 Business reorganisation 383

    Part E Treasury and advanced risk management techniques 15 The role of the treasury function in multinationals 399 16 The use of financial derivatives to hedge against foreign exchange risk 417 17 The use of financial derivatives to hedge against interest rate risk 467

    Appendix: Mathematical tables 505 Practice question bank 511 Practice answer bank 537 Index 601 Review form

  • iv Introduction

  • Introduction v

    Helping you to pass

    BPP Learning Media Approved Content Provider

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    The PER alert

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