ACCA考试分为F阶段和P阶段，相对来说P阶段是课程内容的升级，是想让学员往更高层次发展的学习。ACCA 课程难度的升级，让学员在学习的时候出现很多的困难。ACCA AFM知识点中MBO的优缺点有哪些？
MBO 就是由原公司管理层来买公司全部或部分业务。如果售卖业务不可避免，那么对于维持和原公司其他部门的关系来看，是zui好的一种方式。
优点：MBO 成本较低，不用花钱做广告，公开招标，或者资产一个个单独卖；收钱也比较快；管理层和员工的抵制较少；价格较好，原员工和管理层了解这些资产的价值；管理层对生意有较好的理解。
1) MBO costs may be less compared with other forms of disposal such as selling individual assets of the division or selling it to a third party.
2) It may be the quickest method in raising funds compared to the other methods.
3) There would be less resistance from the managers and employees making the process smoother and easier to accomplish than if both divisions were to be closed down.
4) It may offer a better price. The current management and employees possibly have the best knowledge of the division and are able to make it successful. Therefore they mab be willing to pay more for it.
5) Managers have detailed knowledge of the business and its operations.
缺点：税务和立法问题；难以确定一个合理的收购价；很难说服员工改变他们现在的工作习惯；现金流不充足，无法满足设备更新换代的融资需求；维持原员工的养老金计划；如果引入 VC 的资金，那么会有 VC 的人担任董事会代表，参与管理；如果公司迁址，或者工资调整，或者工作环境变化等，核心人员会流失；维持目前的供应商和客户关系；缺乏使公司充满活力的新构思。
1) Tax and legal complications
2) Difficulties in deciding on a fair price to be paid
3) Convincing employees of the need to change working practices
4) Inadequate cash flow to finance the maintenance and replacement of tangible fixed assets
5) The maintenance of previous employees' pension rights
6) Accepting the board representation requirement that many sources of funds will insist upon
7) The loss of key employees if the company moves geographically, or wage rates are decreased too far, or employment conditions are unacceptable in other ways
8) Maintaining continuity of relationships with suppliers and customers
9) lack new ideas to rejuvenate the business
关于ACCA AFM知识点的内容介绍就这么多，学员要想了解更多的内容，可以在线咨询老师。
