CIIA考試大綱

1、考試大綱目錄（譯文僅供參考）第一部分投資組合管理現(xiàn)代投資組合理論風(fēng)險(xiǎn)/收益框架有效市場(chǎng)假說投資組合理論資本資產(chǎn)定價(jià)模型（CAPM套利定價(jià)理論投資政策投資目標(biāo)資產(chǎn)配置資產(chǎn)配置概述資產(chǎn)配置類型資產(chǎn)負(fù)債-分析與管理負(fù)債建模注資比率綜合優(yōu)化結(jié)果解釋編輯與實(shí)施投資組合管理實(shí)務(wù)股票組合管理衍生工具在投資組合管理中的應(yīng)用房地產(chǎn)組合管理另類資產(chǎn)/私人資本國際投資績效度量績效度量與評(píng)價(jià)投資機(jī)構(gòu)管理評(píng)估和挑選投資經(jīng)理2008年考試大綱2008年09月CompleteExamSyllabusACIIA:September2008ContentsPart 1PortfolioManagementModernPortf

2、olioTheoryTheRisk/ReturnFrameworkEfficientMarketHypothesisPortfolioTheoryCapitalAssetPricingModel(CAPM)ArbitragePricingTheoryInvestmentPolicyInvestmentObjectivesAssetAllocationAssetAllocationOverviewTypeofAssetAllocationAssetLiability-AnalysisandManagementModellingLiabilitiesFundingRatiosIntegratedO

3、ptimizationInterpretationofResultsDynamicsandImplementationPracticalPortfolioManagementManaginganEquityPortfolioDerivativesinPortfolioManagementManagingaPropertyPortfolioAlternativeAssets/PrivateCapitalInternationalInvestmentsPerformanceMeasurementPerformanceMeasurementandEvaluationsManagementofInve

4、stmentInstitutionsAssessingandChoosingManagers第二部分股票估值與分析股票市場(chǎng)及其構(gòu)成洞察產(chǎn)業(yè)生命周期行業(yè)分析及行業(yè)內(nèi)上市公司分析了解公司普通股的估值模型第三部分債券的估值與分析金融市場(chǎng)與工具固定收益證券：公司債券與政府債券金融市場(chǎng)與工具貨幣的時(shí)間價(jià)值債券收益率指示利率期限結(jié)構(gòu)債券價(jià)格分析風(fēng)險(xiǎn)度量信用風(fēng)險(xiǎn)附認(rèn)股權(quán)證的債券投資屬性認(rèn)股權(quán)證的價(jià)值可轉(zhuǎn)換債券投資屬性轉(zhuǎn)換特性之價(jià)值可贖回債券投資屬性估值與久期（期限）浮動(dòng)利率票據(jù)投資屬性及其分類估值方法按揭支持證券按揭貸款分類有價(jià)證券的分類影響市場(chǎng)價(jià)格的因素估值方法論P(yáng)art 2EquityValuation

5、andAnalysisEquityMarketsandStructuresUnderstandingtheIndustryLifeCycleAnalyzingtheIndustrySectoranditsConstituentCompaniesUnderstandingtheCompanyValuationModelofCommonStockPart 3BondValuationandAnalysisFinancialMarketsandInstrumentsFixedIncome:CorporateandGovernmentFinancialMarketsandInstrumentsTime

6、ValueofMoneyBondYieldMeasuresTermStructureofInterestRatesBondPriceAnalysisRiskMeasurementCreditriskBondswithWarrantsInvestmentCharacteristicsValueofWarrantsConvertibleBondsInvestmentCharacteristicsValueofConversionBenefitsCallableBondsInvestmentCharacteristicsValuationandDurationFloatingRateNotesInv

7、estmentCharacteristicsandTypesValuationMethodMortgage-BackedSecuritiesTypesofMortgagesTypesofSecuritiesFactorsAffectingMarketPriceValuationMethodologies固定收益證券組合管理策略積極管理消極管理基于因素模型構(gòu)造的投資組合計(jì)算套期比率：修正久期法第四部分衍生產(chǎn)品估值與分析金融市場(chǎng)與工具衍生產(chǎn)品市場(chǎng)期貨市場(chǎng)相關(guān)金融市場(chǎng)衍生產(chǎn)品與其他金融產(chǎn)品分析期貨期權(quán)資產(chǎn)支持證券第五部分公司財(cái)務(wù)公司財(cái)務(wù)基礎(chǔ)公司財(cái)務(wù)的目標(biāo)財(cái)務(wù)職能與企業(yè)的目標(biāo)財(cái)務(wù)經(jīng)理的職責(zé)估值原則貼現(xiàn)

8、現(xiàn)金流資本預(yù)算長期融資決策投資決策項(xiàng)目評(píng)估清算與重組短期融資決策短期融資現(xiàn)金管理短期信貸第六部分財(cái)務(wù)會(huì)計(jì)與財(cái)務(wù)報(bào)表分析FixedIncomePortfolioManagementStrategiesActiveManagementPassiveManagementPortfolioConstructionbasedonaFactorModelComputingtheHedgeRatio:theModifiedDurationMethodPart 4DerivativeValuationandAnalysisFinancialMarketsandInstrumentsDerivativesMar

9、ketsFuturesMarketsRelatedMarketsAnalysisofDerivativeandotherProductsFuturesOptionsAsset-backedSecuritiesPart 5CorporateFinanceFundamentalsofCorporateFinanceGoalsofCorporateFinanceTheFinanceFunctionandtheFirm'sObjectivesRoleofFinancialManagersPrinciplesofValuationDiscountedCashFlowsCapitalBudgeti

10、ngLong-TermFinanceDecisionInvestmentDecisionProjectEvaluationLiquidationandReorganizationShort-TermFinanceDecisionShort-TermFinancingCashManagementShort-TermLendingandBorrowingPart 6FinancialAccountingandFinancialStatementAnalysis財(cái)務(wù)報(bào)告環(huán)境商業(yè)活動(dòng)和主要財(cái)務(wù)報(bào)表財(cái)務(wù)報(bào)表的應(yīng)用財(cái)務(wù)報(bào)表編制與列報(bào)框架現(xiàn)金流量表現(xiàn)金流量表的基本原理收入流和現(xiàn)金流的關(guān)系公認(rèn)會(huì)計(jì)原則：收入確

11、認(rèn)權(quán)責(zé)發(fā)生制公認(rèn)會(huì)計(jì)原則：資產(chǎn)、負(fù)債和所有者權(quán)益資產(chǎn)：確認(rèn)、計(jì)量和分類負(fù)債所有者權(quán)益BusinessCombinationMergersandAcquisitionsConsolidatedFinancialStatementsFinancialReportingEnvironmentBusinessActivitiesandPrincipalFinancialStatementsFinancialReportingIssuesFrameworkforthePreparationandPresentationofFinancialStatementsStatementofCashFlowsRa

12、tionalefortheStatementofCashFlowsRelationbetweenIncomeFlowsandCashFlowsGenerallyAcceptedAccountingPrinciples:IncomeRecognitionAccrualBasisGenerallyAcceptedAccountingPrinciples:Assets,LiabilitiesandShareholdersEquitiesAssets:Recognition,ValuationandClassificationLiabilitiesShareholders'Equities外幣

13、業(yè)務(wù)外幣業(yè)務(wù)海外業(yè)務(wù)的財(cái)務(wù)報(bào)表ForeignCurrencyTransactionsForeignCurrencyTransactionFinancialStatementsofForeignOperations財(cái)務(wù)報(bào)告和財(cái)務(wù)報(bào)表分析利潤與現(xiàn)金流利潤的質(zhì)量和利潤管理每股收益分部報(bào)告中期報(bào)告FinancialReportingandFinancialStatementAnalysisIncomeFlowvsCashFlowQualityofEarning,EarningsManagementEarningsperShareSegmentReportingInterimFinancialState

14、ments深入了解財(cái)務(wù)報(bào)表的分析性工具資產(chǎn)負(fù)債表損益表AnalyticalToolsforGainingFinancialStatementInsightsBalanceSheetIncomeStatement評(píng)估盈利性和風(fēng)險(xiǎn)的分析工具盈利性分析風(fēng)險(xiǎn)分析盈虧平衡分析預(yù)計(jì)財(cái)務(wù)報(bào)表AnalyticalToolsforAssessingProfitabilityandRiskProfitabilityAnalysisRiskAnalysisBreak-evenAnalysisProFormaFinancialStatements企業(yè)合并兼并和收購合并財(cái)務(wù)報(bào)表第七部分經(jīng)濟(jì)學(xué)宏觀經(jīng)濟(jì)學(xué)國民收入和物價(jià)水平的衡量實(shí)際市場(chǎng)均衡貨幣市場(chǎng)均衡經(jīng)濟(jì)均衡和總需求總供給與決定產(chǎn)品/服務(wù)價(jià)格的因素動(dòng)態(tài)宏觀經(jīng)濟(jì)學(xué)通貨膨脹經(jīng)濟(jì)增長商業(yè)周期國際經(jīng)濟(jì)與外匯市場(chǎng)開放體系下的宏觀經(jīng)濟(jì)學(xué)匯率中央銀行和貨幣政策Part 7EconomicsMacroeconomicsMeasuringNationalIncomeandPriceEquilibriumintheRealMarketEquilibriumintheMoneyMarketEquilibriuminEcono