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1,600\u4e07\u5186<\/strong>\uff08\u7d4c\u9a13\u30fb\u80fd\u529b\u3092\u8003\u616e\u306e\u4e0a\u6c7a\u5b9a\uff09<\/li>\n\n\n\n<li><strong>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u7968\u304b\u3089\u898b\u308b\u5fc5\u9808\u30fb\u6b53\u8fce\u8981\u4ef6\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u6295\u8cc7\u9280\u884c\u3001FAS\u30d5\u30a1\u30fc\u30e0\u3001\u307e\u305f\u306fPE\u30d5\u30a1\u30f3\u30c9\u3067\u306eM&amp;A\u5b9f\u52d9\u7d4c\u9a13\uff08\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u7d4c\u9a13\u5fc5\u9808\uff09\u3002<\/li>\n\n\n\n<li>\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u3067\u306e\u5168\u793e\u6226\u7565\u7acb\u6848\u30fb\u30cf\u30f3\u30ba\u30aa\u30f3\u652f\u63f4\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u8ca1\u52d9\u4e09\u8868\uff08PL\/BS\/CF\uff09\u3092\u81ea\u5728\u306b\u9023\u52d5\u3055\u305b\u3089\u308c\u308b\u9ad8\u5ea6\u306a\u8ca1\u52d9\u30e2\u30c7\u30ea\u30f3\u30b0\u30b9\u30ad\u30eb\u3002<\/li>\n\n\n\n<li>\u516c\u8a8d\u4f1a\u8a08\u58eb\uff08JCPA\uff09\u3001\u7c73\u56fd\u516c\u8a8d\u4f1a\u8a08\u58eb\uff08USCPA\uff09\u3001\u7a0e\u7406\u58eb\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u7b49\u306e\u8cc7\u683c\u4fdd\u6709\u8005\u306f\u5f37\u304f\u512a\u9047\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.2 \u30af\u30e9\u30b9\u30bfB\uff1a\u5927\u624b\u7dcf\u5408\u91d1\u878d\u30b0\u30eb\u30fc\u30d7\u30fb\u6295\u8cc7\u9280\u884c\u90e8\u9580\uff08\u30ab\u30d0\u30ec\u30c3\u30b8\uff06\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\uff09<\/h3>\n\n\n\n<p>\u30e1\u30ac\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u3084\u5927\u624b\u8a3c\u5238\u4f1a\u793e\u304c\u6709\u3059\u308b\u3001\u6295\u8cc7\u9280\u884c\u90e8\u9580\u306e\u6c42\u4eba\u3067\u3059\u3002\u7d44\u7e54\u529b\u3068\u30d6\u30e9\u30f3\u30c9\u529b\u3092\u80cc\u666f\u306b\u3001\u65e5\u672c\u306e\u5de8\u5927\u4e0a\u5834\u4f01\u696d\u3084\u30b0\u30ed\u30fc\u30d0\u30eb\u30c7\u30a3\u30fc\u30eb\u3092\u6271\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e3b\u306a\u696d\u52d9\u5185\u5bb9\uff1a<\/strong>\u7279\u5b9a\u306e\u30bb\u30af\u30bf\u30fc\uff08\u88fd\u9020\u696d\u3001TMT\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u7b49\uff09\u306e\u5927\u624b\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u3092\u62c5\u5f53\u3057\u3001\u7d4c\u55b6\u8ab2\u984c\u306b\u5bfe\u3059\u308b\u8ca1\u52d9\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff08M&amp;A\u3001LBO\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3001DCM\/ECM\u306b\u3088\u308b\u8cc7\u91d1\u8abf\u9054\uff09\u3092\u63d0\u6848\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u30b0\u30eb\u30fc\u30d7\u5185\u306e\u95a2\u9023\u4f1a\u793e\u3084\u6295\u8cc7\u5148\u30d5\u30a1\u30f3\u30c9\u3078\u51fa\u5411\u3057\u3001\u30b7\u30cb\u30a2\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3068\u3057\u3066\u7d44\u7e54\u3092\u727d\u5f15\u3059\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u60f3\u5b9a\u5e74\u53ce\uff1a<\/strong> <strong>\u301c 1,600\u4e07\u5186<\/strong>\uff08\u5f79\u8077\u306b\u3088\u308b\u3002\u30b7\u30cb\u30a2\u30af\u30e9\u30b9\u306f2,000\u4e07\u5186\u8d85\u3082\u4e00\u822c\u7684\uff09<\/li>\n\n\n\n<li><strong>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u7968\u304b\u3089\u898b\u308b\u5fc5\u9808\u30fb\u6b53\u8fce\u8981\u4ef6\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u91d1\u878d\u6a5f\u95a2\uff08\u9280\u884c\u30fb\u8a3c\u5238\uff09\u306e\u6295\u8cc7\u9280\u884c\u90e8\u9580\u3067\u306e\u30ab\u30d0\u30ec\u30c3\u30b8\u307e\u305f\u306f\u30d7\u30ed\u30c0\u30af\u30c8\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u9280\u884c\u672c\u4f53\u3067\u306e\u5927\u898f\u6a21\u306a\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\u30c9\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3001LBO\/MBO\u30ed\u30fc\u30f3\u306e\u7d44\u6210\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u5927\u624b\u4f01\u696d\u306eCFO\u30af\u30e9\u30b9\u3068\u5bfe\u7b49\u306b\u6e21\u308a\u5408\u3048\u308b\u9ad8\u5ea6\u306a\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u80fd\u529b\u3068\u30c9\u30ad\u30e5\u30e1\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u80fd\u529b\u3002<\/li>\n\n\n\n<li>\u7d44\u7e54\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3001\u304a\u3088\u3073\u82e5\u624b\u30a2\u30bd\u30b7\u30a8\u30a4\u30c8\u306e\u80b2\u6210\u7d4c\u9a13\uff08\u30b7\u30cb\u30a2\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5834\u5408\uff09\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.3 \u30af\u30e9\u30b9\u30bfC\uff1a\u5730\u65b9\u5275\u751f\u30fb\u4e8b\u696d\u627f\u7d99M&amp;A\uff08\u4e0a\u5834M&amp;A\u30d6\u30c6\u30a3\u30c3\u30af\u30fb\u5730\u65b9\u62e0\u70b9\uff09<\/h3>\n\n\n\n<p>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u306e\u4e2d\u3067\u4eca\u7279\u306b\u76ee\u7acb\u3063\u3066\u3044\u308b\u306e\u304c\u3001\u300c\u203b\u5927\u962a\u52e4\u52d9\u203b\u300d\u306a\u3069\u3001\u9996\u90fd\u570f\u4ee5\u5916\u306e\u5de8\u5927\u7d4c\u6e08\u570f\uff08\u95a2\u897f\u30fb\u540d\u53e4\u5c4b\u30fb\u798f\u5ca1\u306a\u3069\uff09\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3057\u305fM&amp;A\u30d6\u30c6\u30a3\u30c3\u30af\u3084\u4e8b\u696d\u6295\u8cc7\u4f1a\u793e\u306e\u6c42\u4eba\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e3b\u306a\u696d\u52d9\u5185\u5bb9\uff1a<\/strong>\u95a2\u897f\u570f\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u5730\u65b9\u306e\u512a\u826f\u4e2d\u5c0f\u30fb\u4e2d\u5805\u4f01\u696d\u306e\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306b\u5bfe\u3057\u3001\u9ad8\u9f62\u5316\u3084\u5f8c\u7d99\u8005\u4e0d\u8db3\u3092\u89e3\u6c7a\u3059\u308b\u305f\u3081\u306e\u4e8b\u696d\u627f\u7d99M&amp;A\u3092\u63d0\u6848\u30fb\u5b9f\u884c\u3057\u307e\u3059\u3002\u81ea\u793e\u304c\u6301\u3064\u30d5\u30a1\u30f3\u30c9\u3092\u6d3b\u7528\u3057\u305f\u300c\u4e8b\u696d\u6295\u8cc7\u300d\u306e\u5f62\u3092\u53d6\u308b\u3053\u3068\u3082\u591a\u304f\u3001\u5358\u306a\u308b\u4ef2\u4ecb\u306b\u3068\u3069\u307e\u3089\u306a\u3044\u6df1\u3044\u30b3\u30df\u30c3\u30c8\u304c\u7279\u5fb4\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u60f3\u5b9a\u5e74\u53ce\uff1a<\/strong> <strong>\u301c 1,600\u4e07\u5186<\/strong>\uff08\u30d9\u30fc\u30b9\u7d66\u4e0e\u306b\u52a0\u3048\u3001\u6210\u7d04\u4ef6\u6570\u306b\u5fdc\u3058\u305f\u591a\u984d\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u8a2d\u8a08\uff09<\/li>\n\n\n\n<li><strong>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u7968\u304b\u3089\u898b\u308b\u5fc5\u9808\u30fb\u6b53\u8fce\u8981\u4ef6\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u5730\u65b9\u9280\u884c\uff08\u5730\u9280\uff09\u3067\u306eM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u696d\u52d9\u3001\u307e\u305f\u306f\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u55b6\u696d\u306e\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u8a3c\u5238\u4f1a\u793e\u306e\u6cd5\u4eba\u55b6\u696d\u3067\u3001\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306b\u5bfe\u3059\u308b\u8cc7\u7523\u5272\u5f53\u3084\u4e8b\u696d\u627f\u7d99\u306e\u63d0\u6848\u5b9f\u7e3e\u304c\u3042\u308b\u65b9\u3002<\/li>\n\n\n\n<li>\u30d5\u30c3\u30c8\u30ef\u30fc\u30af\u304c\u8efd\u304f\u3001\u5730\u65b9\u4f01\u696d\u306e\u7d4c\u55b6\u8005\u306b\u61d0\u306b\u5165\u308a\u8fbc\u3081\u308b\u9ad8\u3044\u4eba\u9593\u529b\u3068\u71b1\u610f\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.4 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class=\"wp-block-list\">\n<li><strong>\u4e3b\u306a\u696d\u52d9\u5185\u5bb9\uff1a<\/strong>M&amp;A\u306e\u6295\u8cc7\u5b9f\u884c\u6642\u306b\u304a\u3051\u308b\u6cd5\u5b9a\u66f8\u985e\u306e\u7cbe\u67fb\u3001\u5951\u7d04\u66f8\u7ba1\u7406\u3001\u767b\u8a18\u624b\u7d9a\u304d\u306e\u30cf\u30f3\u30c9\u30ea\u30f3\u30b0\u3001\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u306e\u7d4c\u7406\u30fb\u7a0e\u52d9\u4e8b\u52d9\u30b5\u30dd\u30fc\u30c8\u3002<\/li>\n\n\n\n<li><strong>\u60f3\u5b9a\u5e74\u53ce\uff1a<\/strong> <strong>\u301c 800\u4e07\u5186<\/strong><\/li>\n\n\n\n<li><strong>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u7968\u304b\u3089\u898b\u308b\u5fc5\u9808\u30fb\u6b53\u8fce\u8981\u4ef6\uff1a<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u91d1\u878d\u6a5f\u95a2\uff08\u9280\u884c\u30fb\u8a3c\u5238\u30fb\u4fe1\u8a17\u30fb\u6cd5\u5f8b\u4e8b\u52d9\u6240\uff09\u3067\u306e\u4e8b\u52d9\u3001\u30d1\u30e9\u30ea\u30fc\u30ac\u30eb\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u7c3f\u8a182\u7d1a\u4ee5\u4e0a\u3001\u307e\u305f\u306f\u4e8b\u696d\u4f1a\u793e\u3067\u306e\u9ad8\u5ea6\u306a\u7d4c\u7406\u30fb\u7dcf\u52d9\u5b9f\u52d9\u7d4c\u9a13\u3002<\/li>\n\n\n\n<li>\u7dfb\u5bc6\u306a\u78ba\u8a8d\u4f5c\u696d\u3092\u53ad\u308f\u305a\u3001\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u901a\u308a\u306b\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\u3092\u9042\u884c\u3067\u304d\u308b\u6b63\u78ba\u6027\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c3\u7ae0\uff1a\u30b3\u30c8\u30e9\u6c42\u4eba\u30c7\u30fc\u30bf\u306e\u30b5\u30de\u30ea\u30fc\u3068\u6761\u4ef6\u6bd4\u8f03<\/h2>\n\n\n\n<p>\u3053\u3053\u3067\u3001\u4e0a\u8a18\u3067\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u3057\u305f\u7279\u5fb4\u7684\u306a\u516c\u958b\u6c42\u4eba\u6848\u4ef6\u306e\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\u3092\u30de\u30c8\u30ea\u30af\u30b9\u8868\u3067\u6bd4\u8f03\u3057\u307e\u3059\u3002\u81ea\u5206\u304c\u3069\u306e\u30ec\u30f3\u30b8\u306b\u4f4d\u7f6e\u3057\u3066\u304a\u308a\u3001\u3069\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u72d9\u3046\u3079\u304d\u304b\u306e\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u8077\u7a2e\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong><\/td><td><strong>\u60f3\u5b9a\u5e74\u53ce\u30ec\u30f3\u30b8<\/strong><\/td><td><strong>\u4e3b\u306a\u30bf\u30fc\u30b2\u30c3\u30c8\u5c64<\/strong><\/td><td><strong>\u696d\u52d9\u306e\u30b3\u30a2\u30c9\u30e9\u30a4\u30d0\u30fc<\/strong><\/td><td><strong>\u6c42\u3081\u3089\u308c\u308b\u30b3\u30a2\u30b9\u30ad\u30eb<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>\u6295\u8cc7\u6d3b\u52d5\u5168\u822c\u696d\u52d9<\/strong><br>\uff08\u81ea\u5df1\u52d8\u5b9a\u6295\u8cc7\u4f1a\u793e\uff09<\/td><td><strong>800\u4e07\u301c1,600\u4e07\u5186<\/strong><\/td><td>FAS\u3001\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u3001\u6295\u8cc7\u9280\u884c\u7d4c\u9a13\u8005<\/td><td>\u4e00\u6c17\u901a\u8cab\u306e\u30c7\u30a3\u30fc\u30eb\u57f7\u884c\u529b\u3068\u6295\u8cc7\u5f8c\u306e\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7<\/td><td>\u8ca1\u52d9\u30e2\u30c7\u30ea\u30f3\u30b0\u3001\u8ca1\u52d9DD\u5bfe\u5fdc\u3001PMI\u30cf\u30f3\u30ba\u30aa\u30f3\u80fd\u529b<\/td><\/tr><tr><td><strong>\u6295\u8cc7\u5b9f\u52d9\uff08\u90e8\u9577\u301c\u30de\u30cd\u30b8\u30e3\u30fc\uff09<\/strong><br>\uff08\u5927\u624b\u7dcf\u5408\u91d1\u878d\u30b0\u30eb\u30fc\u30d7\uff09<\/td><td><strong>\u301c1,600\u4e07\u5186<\/strong><br>\uff08\u7d4c\u9a13\u8003\u616e\uff09<\/td><td>\u5927\u624b\u9280\u884c\u30fb\u8a3c\u5238\u306eIBD\u51fa\u8eab\u8005\u3001\u30e1\u30ac\u30d0\u30f3\u30af\u30b7\u30cb\u30a2<\/td><td>\u7d44\u7e54\u529b\u30fb\u30d6\u30e9\u30f3\u30c9\u3092\u6d3b\u7528\u3057\u305f\u5927\u578b\u6848\u4ef6\u306e\u7d44\u6210\u30fb\u7d71\u62ec<\/td><td>\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\u3001LBO\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3001\u7d44\u7e54\u30de\u30cd\u30b8\u30e1\u30f3\u30c8<\/td><\/tr><tr><td><strong>\u203b\u5927\u962a\u52e4\u52d9\u203b \u4e8b\u696d\u6295\u8cc7\u8077<\/strong><br>\uff08\u4e0a\u5834M&amp;A\u30d6\u30c6\u30a3\u30c3\u30af\uff09<\/td><td><strong>\u301c1,600\u4e07\u5186<\/strong><br>\uff08\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u6709\uff09<\/td><td>\u5730\u9280M&amp;A\u62c5\u5f53\u3001\u8a3c\u5238\u6cd5\u4eba\u55b6\u696d\u30a8\u30fc\u30b9\u3001U\u30fbI\u30bf\u30fc\u30f3\u5e0c\u671b\u8005<\/td><td>\u5730\u65b9\u4e2d\u5805\u30fb\u30aa\u30fc\u30ca\u30fc\u4f01\u696d\u3078\u306e\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u6848\u4ef6\u767a\u6398<\/td><td>\u30aa\u30ea\u30cd\u30fc\u30b7\u30e7\u30f3\u80fd\u529b\u3001\u30aa\u30fc\u30ca\u30fc\u55b6\u696d\u529b\u3001\u30d5\u30c3\u30c8\u30ef\u30fc\u30af<\/td><\/tr><tr><td><strong>\u6295\u8cc7\u5148\u4f01\u696d\u306e\u7ba1\u7406\u4e8b\u52d9<\/strong><br>\uff08\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u30fb\u30d0\u30c3\u30af\u30aa\u30d5\u30a3\u30b9\uff09<\/td><td><strong>\u301c800\u4e07\u5186<\/strong><\/td><td>\u91d1\u878d\u4e8b\u52d9\u3001\u30d1\u30e9\u30ea\u30fc\u30ac\u30eb\u3001\u4e8b\u696d\u4f1a\u793e\u7d4c\u7406<\/td><td>\u5951\u7d04\u30fb\u30ea\u30fc\u30ac\u30eb\u30fb\u8ca1\u52d9\u306e\u6b63\u78ba\u306a\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\u7ba1\u7406<\/td><td>\u5951\u7d04\u66f8\u7cbe\u67fb\u3001\u7d4c\u7406\u30fb\u7a0e\u52d9\u57fa\u790e\u77e5\u8b58\u3001\u30d7\u30ed\u30bb\u30b9\u7ba1\u7406\u529b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\u3010\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u304b\u3089\u898b\u3048\u308b\u91cd\u8981\u306a\u793a\u5506\u3011<\/strong><\/p>\n\n\n\n<p>\u5e74\u53ce1,600\u4e07\u5186\u3068\u3044\u3046\u30e9\u30a4\u30f3\u306f\u3001\u591a\u304f\u306e\u6c42\u4eba\u3067\u4e00\u3064\u306e\u300c\u4e0a\u9650\u30d9\u30fc\u30b9\u7d66\uff08\u307e\u305f\u306f\u30bf\u30fc\u30b2\u30c3\u30c8\u7d66\uff09\u300d\u3068\u3057\u3066\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u3053\u304b\u3089\u5148\u306f\u300c\u3069\u308c\u3060\u3051\u6848\u4ef6\u3092\u81ea\u3089\u767a\u6398\u3067\u304d\u305f\u304b\uff08\u30aa\u30ea\u30cd\u30fc\u30b7\u30e7\u30f3\uff09\u300d\u3001\u3042\u308b\u3044\u306f\u300c\u3069\u308c\u3060\u3051\u96e3\u89e3\u306a\u30c7\u30a3\u30fc\u30eb\u3092\u5b8c\u9042\u3067\u304d\u305f\u304b\uff08\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\uff09\u300d\u306e<strong>\u6210\u679c\u9023\u52d5\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306b\u3088\u3063\u3066\u3001\u5e74\u53ce2,000\u4e07\u5186\u301c3,000\u4e07\u5186\u8d85\u3078\u3068\u8df3\u306d\u4e0a\u304c\u308b\u69cb\u9020<\/strong>\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c4\u7ae0\uff1a\u30b3\u30c8\u30e9\u30b8\u30e3\u30fc\u30ca\u30eb\u304b\u3089\u8aad\u307f\u89e3\u304f\u3001\u6295\u8cc7\u9280\u884c\uff08IBD\uff09\u8ee2\u8077\u3067\u8a55\u4fa1\u3055\u308c\u308b\u300c\u6700\u5f37\u306e\u30b9\u30ad\u30eb\u30bb\u30c3\u30c8\uff06\u8cc7\u683c\u300d<\/h2>\n\n\n\n<p>\u6295\u8cc7\u9280\u884c\u30fbM&amp;A\u306e\u8ee2\u8077\u306b\u304a\u3044\u3066\u3001\u66f8\u985e\u9078\u8003\u3084\u6570\u56de\u306b\u53ca\u3076\u30bf\u30d5\u306a\u9762\u63a5\u3092\u7a81\u7834\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u300c\u771f\u306e\u8a55\u4fa1\u57fa\u6e96\u300d\u3068\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\u3002\u30b3\u30c8\u30e9\u306e\u30ad\u30e3\u30ea\u30a2\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u767a\u4fe1\u3059\u308b\u300c\u30b3\u30c8\u30e9\u30b8\u30e3\u30fc\u30ca\u30eb\u300d\u306e\u77e5\u898b\u3092\u30d9\u30fc\u30b9\u306b\u3001\u30cf\u30fc\u30c9\u30b9\u30ad\u30eb\u3001\u30bd\u30d5\u30c8\u30b9\u30ad\u30eb\u3001\u8cc7\u683c\u306e3\u3064\u306e\u5074\u9762\u304b\u3089\u5fb9\u5e95\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4.1 \u30cf\u30fc\u30c9\u30b9\u30ad\u30eb\uff1a\u8ca1\u52d9\u30e2\u30c7\u30ea\u30f3\u30b0\uff08Financial Modeling\uff09\u306e\u5727\u5012\u7684\u7cbe\u5ea6<\/h3>\n\n\n\n<p>\u6295\u8cc7\u9280\u884c\u306eIBD\u3084M&amp;A\u30d6\u30c6\u30a3\u30c3\u30af\u306e\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u8077\u306b\u304a\u3044\u3066\u3001\u300c\u8ca1\u52d9\u30e2\u30c7\u30ea\u30f3\u30b0\u304c\u3067\u304d\u308b\u3053\u3068\u300d\u306f\u5358\u306a\u308b\u30d7\u30e9\u30b9\u8a55\u4fa1\u3067\u306f\u306a\u304f\u3001\u30a8\u30f3\u30c8\u30ea\u30fc\u30c1\u30b1\u30c3\u30c8\uff08\u524d\u63d0\u6761\u4ef6\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u5358\u306bExcel\u306e\u95a2\u6570\u304c\u4f7f\u3048\u308b\u3068\u3044\u3046\u30ec\u30d9\u30eb\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>\u4f01\u696d\u306e\u904e\u53bb\u6570\u5e74\u5206\u306e\u8ca1\u52d9\u8af8\u8868\uff08PL\/BS\/CF\uff09\u3092\u53d6\u308a\u8fbc\u307f\u3001<\/li>\n\n\n\n<li>\u5c06\u6765\u306e\u4e8b\u696d\u8a08\u753b\u3084\u30de\u30af\u30ed\u7d4c\u6e08\u30b9\u30e9\u30a4\u30c7\u30a3\u30f3\u30b0\uff08\u91d1\u5229\u5909\u52d5\u3001\u70ba\u66ff\u5909\u52d5\u306a\u3069\uff09\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u53cd\u6620\u3055\u305b\u3001<\/li>\n\n\n\n<li>LBO\uff08\u30ec\u30d0\u30ec\u30c3\u30b8\u30c9\u30fb\u30d0\u30a4\u30a2\u30a6\u30c8\uff09\u306e\u6210\u7acb\u53ef\u5426\u3001\u30c7\u30c3\u30c8\u30b5\u30fc\u30d3\u30b9\u30ab\u30d0\u30ec\u30c3\u30b8\u30ec\u30b7\u30aa\uff08DSCR\uff09\u3001\u5185\u90e8\u53ce\u76ca\u7387\uff08IRR\uff09\u3092\u77ac\u6642\u306b\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3067\u304d\u308b\u69cb\u9020\u5316Excel\u30b7\u30fc\u30c8\u3092\u30bc\u30ed\u304b\u3089\u69cb\u7bc9\u3067\u304d\u308b\u80fd\u529b<\/li>\n<\/ol>\n\n\n\n<p>\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u9078\u8003\u30d7\u30ed\u30bb\u30b9\u306b\u304a\u3044\u3066\u3001\u5b9f\u969b\u306bPC\u3092\u6e21\u3055\u308c\u30662\u6642\u9593\u4ee5\u5185\u306b\u30e2\u30c7\u30ea\u30f3\u30b0\u3092\u884c\u308f\u305b\u308b\u300c\u5b9f\u6280\u8a66\u9a13\uff08\u30c6\u30af\u30cb\u30ab\u30eb\u30c6\u30b9\u30c8\uff09\u300d\u3092\u8ab2\u3059\u4f01\u696d\u3082\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u5185\u306b\u306f\u591a\u304f\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4.2 \u8cc7\u683c\uff1a\u305d\u306e\u8cc7\u683c\u306f\u30c7\u30a3\u30fc\u30eb\u3067\u3069\u3046\u6d3b\u304d\u308b\u304b\uff1f<\/h3>\n\n\n\n<p>\u6295\u8cc7\u9280\u884c\u696d\u52d9\u306b\u304a\u3044\u3066\u3001\u8cc7\u683c\u306f\u300c\u81ea\u8eab\u306e\u8ca1\u52d9\u30fb\u6cd5\u52d9\u77e5\u8b58\u306e\u30d0\u30ad\u30d0\u30ad\u306e\u57fa\u790e\u4f53\u529b\u300d\u3092\u8a3c\u660e\u3059\u308b\u305f\u3081\u306b\u6709\u52b9\u3067\u3059\u3002\u7279\u306b\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u308b\u306e\u306f\u4ee5\u4e0b\u306e3\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u516c\u8a8d\u4f1a\u8a08\u58eb\uff08JCPA\uff09\uff1a<\/strong>M&amp;A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08\u8ca1\u52d9DD\uff09\u3084\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff08\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff09\u306b\u304a\u3044\u3066\u3001\u6700\u3082\u4fe1\u983c\u3055\u308c\u308b\u8cc7\u683c\u3067\u3059\u3002\u4f1a\u8a08\u58eb\u304b\u3089\u6295\u8cc7\u9280\u884cIBD\u3078\u306e\u8ee2\u8077\u306f\u975e\u5e38\u306b\u518d\u73fe\u6027\u304c\u9ad8\u304f\u3001\u30b3\u30c8\u30e9\u3067\u3082\u7279\u8a2d\u306e\u8ee2\u8077\u30eb\u30fc\u30c8\u304c\u7528\u610f\u3055\u308c\u3066\u3044\u308b\u307b\u3069\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u7c73\u56fd\u516c\u8a8d\u4f1a\u8a08\u58eb\uff08USCPA\uff09\uff1a<\/strong>\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\uff08\u6d77\u5916\u4f01\u696d\u304c\u7d61\u3080\uff09M&amp;A\u6848\u4ef6\u304c\u5897\u52a0\u3059\u308b\u4e2d\u3001\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\uff08IFRS\uff09\u3084\u7c73\u56fd\u4f1a\u8a08\u57fa\u6e96\u3092\u7406\u89e3\u3057\u3001\u304b\u3064\u82f1\u8a9e\u3067\u306e\u30c9\u30ad\u30e5\u30e1\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u304c\u3067\u304d\u308b\u4eba\u6750\u3068\u3057\u3066\u3001\u975e\u5e38\u306b\u5f37\u3044\u5f15\u304d\u5408\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\uff08CMA\uff09 \/ CFA\uff08\u7c73\u56fd\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\uff09\uff1a<\/strong>\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u7406\u8ad6\u306e\u6df1\u3044\u7406\u89e3\u3092\u8a3c\u660e\u3057\u307e\u3059\u3002\u30ab\u30d0\u30ec\u30c3\u30b8\u696d\u52d9\u306b\u304a\u3044\u3066\u3001\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u4f01\u696d\u306e\u682a\u4fa1\u5206\u6790\u3084\u8cc7\u672c\u653f\u7b56\u306e\u63d0\u6848\u3092\u884c\u3046\u969b\u306b\u3001\u3053\u306e\u77e5\u8b58\u304c\u30d9\u30fc\u30b9\u3068\u306a\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.3 \u30bd\u30d5\u30c8\u30b9\u30ad\u30eb\uff1a\u30bf\u30d5\u30cd\u30b9\u3001\u30a2\u30b8\u30ea\u30c6\u30a3\u3001\u305d\u3057\u3066\u300c\u5408\u610f\u5f62\u6210\u80fd\u529b\u300d<\/h3>\n\n\n\n<p>\u30b3\u30c8\u30e9\u30b8\u30e3\u30fc\u30ca\u30eb\u306e\u63a1\u7528\u52d5\u5411\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306b\u304a\u3044\u3066\u3001\u591a\u304f\u306e\u6295\u8cc7\u9280\u884c\u5e79\u90e8\u304c\u53e3\u3092\u63c3\u3048\u308b\u306e\u304c\u300c\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30bd\u30f3\u3068\u3057\u3066\u306e\u5e95\u529b\u300d\u306e\u91cd\u8981\u6027\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\u3010\u30b3\u30c8\u30e9\u30b8\u30e3\u30fc\u30ca\u30eb\u306b\u898b\u308b\u5c02\u9580\u5bb6\u306e\u8996\u70b9\u3011<\/strong><\/p>\n\n\n\n<p>\u300cM&amp;A\u306e\u73fe\u5834\u306f\u3001\u5229\u5bb3\u95a2\u4fc2\u304c\u771f\u3063\u5411\u304b\u3089\u5bfe\u7acb\u3059\u308b\u4fee\u7f85\u5834\u3067\u3059\u3002\u8cb7\u3044\u624b\u306f1\u5186\u3067\u3082\u5b89\u304f\u8cb7\u3044\u305f\u3044\u3001\u58f2\u308a\u624b\u306f1\u5186\u3067\u3082\u9ad8\u304f\u58f2\u308a\u305f\u3044\u3002\u305d\u306e\u9593\u306b\u7acb\u3061\u3001\u6cd5\u7684\u306a\u898f\u5236\u3092\u30af\u30ea\u30a2\u3057\u3001\u9650\u3089\u308c\u305f\u6642\u9593\u67a0\uff08\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\uff09\u306e\u4e2d\u3067\u30c9\u30ad\u30e5\u30e1\u30f3\u30c8\u3092\u307e\u3068\u3081\u4e0a\u3052\u308b\u306b\u306f\u3001\u5358\u306a\u308b\u6570\u5b57\u306e\u5f37\u3055\u3060\u3051\u3067\u306f\u4e0d\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4e88\u671f\u305b\u306c\u30c8\u30e9\u30d6\u30eb\uff08DD\u3067\u306e\u7c3f\u5916\u50b5\u52d9\u306e\u767a\u899a\u306a\u3069\uff09\u304c\u8d77\u304d\u305f\u969b\u306b\u3001\u77ac\u6642\u306b\u4ee3\u66ff\u6848\u3092\u63d0\u793a\u3059\u308b\u300e\u30a2\u30b8\u30ea\u30c6\u30a3\uff08\u4fca\u654f\u6027\uff09\u300f\u3068\u3001\u95a2\u4fc2\u5404\u6240\uff08\u5f01\u8b77\u58eb\u3001\u7a0e\u7406\u58eb\u3001\u53cc\u65b9\u306e\u7d4c\u55b6\u9663\uff09\u3092\u7d0d\u5f97\u3055\u305b\u308b\u300e\u9ad8\u5ea6\u306a\u5408\u610f\u5f62\u6210\u80fd\u529b\uff08\u30cd\u30b4\u30b7\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u300f\u3053\u305d\u304c\u3001\u30cf\u30a4\u30af\u30e9\u30b9IBD\u4eba\u6750\u306e\u7d76\u5bfe\u6761\u4ef6\u3067\u3059\u3002\u300d<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c5\u7ae0\uff1a\u3010\u80cc\u666f\u5206\u6790\u3011\u306a\u305c\u4eca\u3001\u6295\u8cc7\u9280\u884c\u30fbM&amp;A\u4eba\u6750\u306e\u63a1\u7528\u304c\u3053\u3053\u307e\u3067\u904e\u71b1\u3057\u3066\u3044\u308b\u306e\u304b\uff1f<\/h2>\n\n\n\n<p>\u8ee2\u8077\u5e02\u5834\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u306a\u305c\u4f01\u696d\u304c\u3053\u308c\u307b\u3069\u307e\u3067\u306b\u5fc5\u6b7b\u306b\u306a\u3063\u3066\u6295\u8cc7\u9280\u884c\u4eba\u6750\u3092\u6c42\u3081\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u306e\u30de\u30af\u30ed\u7684\u80cc\u666f\u3092\u77e5\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u30022026\u5e74\u73fe\u5728\u3001\u4ee5\u4e0b\u306e3\u3064\u306e\u30e1\u30ac\u30c8\u30ec\u30f3\u30c9\u304c\u540c\u6642\u591a\u767a\u7684\u306b\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5.1 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class=\"wp-block-list\">\n<li>\u5132\u304b\u3063\u3066\u306f\u3044\u308b\u304c\u30b7\u30ca\u30b8\u30fc\u306e\u8584\u3044\u5b50\u4f1a\u793e\u306e\u58f2\u5374\uff08\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\uff09<\/li>\n\n\n\n<li>\u30b3\u30a2\u4e8b\u696d\u306e\u7af6\u4e89\u529b\u3092\u4e00\u6c17\u306b\u9ad8\u3081\u308b\u305f\u3081\u306e\u6226\u7565\u7684M&amp;A<\/li>\n\n\n\n<li>\u81ea\u793e\u682a\u8cb7\u3044\u3084\u6700\u9069\u306a\u8cc7\u672c\u69cb\u6210\u3078\u306e\u7d44\u307f\u66ff\u3048\uff08\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u6d3b\u7528\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u304c\u7d4c\u55b6\u9663\u306e\u6700\u512a\u5148\u8ab2\u984c\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u6226\u7565\u3092\u30a2\u30c9\u30d0\u30a4\u30b9\u3057\u3001\u57f7\u884c\u3067\u304d\u308b\u6295\u8cc7\u9280\u884c\u3078\u306e\u30cb\u30fc\u30ba\u306f\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5.2 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class=\"wp-block-heading\">5.3 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class=\"wp-block-heading\">\u30b9\u30c6\u30c3\u30d74\uff1a\u30ab\u30eb\u30c1\u30e3\u30fc\u30d5\u30a3\u30c3\u30c8\uff08\u76f8\u6027\uff09\u306e\u898b\u6975\u3081<\/h4>\n\n\n\n<p>\u6295\u8cc7\u9280\u884c\u3068\u4e00\u53e3\u306b\u8a00\u3063\u3066\u3082\u3001\u5916\u8cc7\u7cfb\u306e\u3088\u3046\u306a\u5fb9\u5e95\u7684\u306a\u6210\u679c\u4e3b\u7fa9\u306e\u30cf\u30a6\u30b9\u3001\u65e5\u7cfb\u30e1\u30ac\u8a3c\u5238\u306e\u3088\u3046\u306a\u7d44\u7e54\u529b\u3068\u7814\u4fee\u4f53\u5236\u304c\u6574\u3063\u305f\u30cf\u30a6\u30b9\u3001\u72ec\u7acb\u7cfb\u30d6\u30c6\u30a3\u30c3\u30af\u306e\u3088\u3046\u306a\u500b\u4eba\u306e\u88c1\u91cf\u6a29\u304c\u6975\u3081\u3066\u5927\u304d\u3044\u30cf\u30a6\u30b9\u306a\u3069\u3001\u793e\u98a8\u306f\u5168\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u3092\u901a\u3058\u3066\u300c\u305d\u306e\u7d44\u7e54\u304c\u3069\u306e\u3088\u3046\u306a\u4eba\u6750\u3092\u597d\u3080\u304b\uff08\u30ab\u30eb\u30c1\u30e3\u30fc\uff09\u300d\u3092\u4e8b\u524d\u306b\u30a4\u30f3\u30d7\u30c3\u30c8\u3057\u3001\u9762\u63a5\u3067\u306e\u53d7\u3051\u7b54\u3048\u3092\u30c1\u30e5\u30fc\u30cb\u30f3\u30b0\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30b9\u30c6\u30c3\u30d75\uff1a\u7dcf\u5e74\u53ce\uff08\u30c8\u30fc\u30bf\u30eb\u30b3\u30f3\u30da\u30f3\u30bb\u30fc\u30b7\u30e7\u30f3\uff09\u306e\u7cbe\u7dfb\u306a\u4ea4\u6e09<\/h4>\n\n\n\n<p>\u5185\u5b9a\uff08\u30aa\u30d5\u30a1\u30fc\uff09\u304c\u51fa\u305f\u969b\u3001\u63d0\u793a\u3055\u308c\u308b\u91d1\u984d\u306e\u300c\u5185\u8a33\u300d\u3092\u30b7\u30d3\u30a2\u306b\u78ba\u8a8d\u3057\u307e\u3059\u3002\u300c\u30d9\u30fc\u30b9\u7d66\u4e0e\u306f\u3044\u304f\u3089\u304b\u300d\u300c\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306e\u7b97\u51fa\u30ed\u30b8\u30c3\u30af\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\uff08\u500b\u4eba\u306e\u6210\u7d04\u5b9f\u7e3e\u9023\u52d5\u304b\u3001\u90e8\u9580\u5168\u4f53\u306e\u696d\u7e3e\u9023\u52d5\u304b\uff09\u300d\u3002\u3053\u306e\u4ea4\u6e09\u306f\u30c7\u30ea\u30b1\u30fc\u30c8\u306a\u305f\u3081\u3001\u81ea\u8eab\u3067\u884c\u3046\u3088\u308a\u3082\u3001\u6295\u8cc7\u9280\u884c\u306e\u7d66\u4e0e\u76f8\u5834\u3092\u719f\u77e5\u3057\u305f\u30b3\u30c8\u30e9\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3092\u9593\u306b\u631f\u3093\u3067\u4ea4\u6e09\u3092\u9032\u3081\u308b\u306e\u304c\u6700\u3082\u8ce2\u660e\u3067\u3059\u3002<\/p>\n\n\n\n<h2 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