会计和金融学位变得越来越流行,英国多达 25% 的全日制研究生 就读于相关课程。这种受欢迎程度来自许多会计和金融职业的高度专业化性质,对准备跟上持续发展、新流程、不断变化的市场和新兴技术的毕业生的需求量很大。
Accounting & Finance职位指南
会计 | 金融 | |
典型课程内容 | 审计 预算分析 经营策略 金融会计 财务报告 法务会计 信息系统 国际会计 宏观/微观经济学 管理会计 专业标准和道德 定量分析 风险管理 税务会计 | 高级衍生品 资产市场 行为金融 企业融资 经济学/计量经济学 金融数学 财务管理 金融市场 金融计划 金融工程 金融会计 财务报告 国际金融 私人产权 风险管理 风险投资 |
职业潜力 | 会计师(实习生、公众、专业和认证) 精算师 审计师 会计 预算分析师 信贷控制 财务顾问 财务审查员 法务会计师 工资管理员 风险评估员 税务顾问 司库 | 商业银行家 财务顾问 财务经理 金融交易员 对冲基金经理 保险主任 投资银行家 量化专家 |
获得的关键技能 | 定量技能 各种会计主题和技术的专业知识 GAAP(公认会计原则)的意识 会计监管问题的知识 对商业行业有深刻的理解 | 了解行业惯例和原则 理论知识扎实 研究技能 沟通技巧 股票市场、贸易和投资知识 分析能力 理解和解释数字和统计数据的能力 正确业务实践的最新知识 |
资格类型 | 本科水平: 会计学士(BAcc、BAcy 或 BAccty);会计文学学士(BA/ACC);会计学理学士 (BSc/ACC) 毕业等级: 会计硕士(MAcc 或 Mac);专业会计硕士(MPA、MPAc、MPAcc 或 MPAcy);会计理学硕士(MSA) | 本科水平: 金融文学士(BA/F);金融学学士 (BSc/F) 毕业等级: 金融理学硕士(MSF);金融硕士(M.Fin);金融经济学硕士(MFE);应用金融硕士(MAF) |
专业认证 | CPA (注册会计师 – 美国) ACA/CA (特许会计师——英国和英联邦) ACCA(特许公认会计师 – 英国) | CFA (特许金融分析师); CTP (注册财资专家); CPRM (认证专业风险经理); CF(企业财务资格); CVA (注册估值分析师); CQF (量化金融证书) |
薪资潜力 | 美国本科会计毕业生的平均起薪(2019年数据): 57,511美元 美国研究生平均起薪: 69,605美元 PayScale 的薪资潜力专业排名 第129位 | 美国金融专业的平均起薪(2019 年数据): 58,464 美元 美国研究生平均起薪: 74,201美元 PayScale 的薪资潜力专业排名第63位 |
Accounting & Finance 代写案例,92+高分通过
Question 1
Trecor Co plans to buy a new machine to meet expected demand for a new product, Product T. This machine will cost $250,000 and last for four years, at the end of which time it will be sold for $5,000. Trecor Co expects demand for Product T to be as follows:
Year | 1 | 2 | 3 | 4 |
Demand (units) | 35,000 | 40,000 | 50,000 | 25,000 |
The selling price for Product T is expected to be $12.00 per unit and the variable cost of production is expected to be $7.80 per unit. Incremental annual fixed production overheads of $25,000 per year will be incurred. Selling price and costs are all in current price terms.
Selling price and costs are expected to increase as follows:
Increase | |
Selling price of Product T per year | 3% |
Variable cost of production per year | 4% |
Fixed production overheads per year | 6% |
Other information
Trecor Co has a real cost of capital of 5.7% and pays tax at an annual rate of 30% one year in arrears. It can claim capital allowances on a 25% reducing balance basis. General inflation is expected to be 5% per year.
Trecor Co has a target return on capital employed of 20%. Depreciation is charged on a straight-line basis over the life of an asset.
Required:
- Calculate the net present value of buying the new machine (round to the nearest $1,000).
- Calculate equivalent annual cost (EAC) of this project, if we assume the project will last for four years.
- Discuss the strengths and weaknesses of internal rate of return in appraising capital investments.
Question 2
Droxfol Co is a listed company. The current ordinary share price is $5 per share. In total, Droxfol Co has 5 million shares outstanding. An ordinary dividend of $50 cents per share has just been paid and dividends are expected to increase by 2% per year for the foreseeable future. Droxfol Co pays tax on profits at the rate of 30%. Droxfol Co has $25 million debt with interest rate of 8%.
Required:
- Calculate the current weighted average cost of capital of Droxfol Co.
- Calculate Droxfol’s unlevered cost of equity capital using M&M Proposition II with taxes.
Philips Co wants to acquire Droxfol, the expected return of equity of Droxfol after the M&A will be lower, so the shareholders don’t want Droxfol to be acquired. Advise on which tools can be used to avoid being taken over.