Financial ratios.Principles of accounting. Assets and liabilities valuation appreciation). Costs, revenues and profit. Analysis of balance sheet and income statement. Financial analysis of firm, methods and objectives. Budgets and controlling. Present value, opportunity cost. Long term finance. Investment efficiency evaluation techniques. IRR, NPV. The comparing period (the comparison period), an equivalent annual value NPV. Inflation and tax influence to investment decision. Capital Asset Pricing Model, WACC.
1.Accounting - importance, subjects, objectives. Accounting principles.
2.Methodology of accounting.
3.Book-keeping of assets and liabilities, fixed and current assets.
4.Owners and financial accounts, asset depreciation.
5.Cost classification, cost and decision making.
6.Financial statements, auditing.
7.Profit and loss account and its analysis.
8.Cash flow statement, free cash flow.
10.Annuity, perpetuity, compounded and simple interest calculation.
11.Long term finance, WACC.
12.Investment efficiency evaluation techniques.
13.Comparison period, equivalent annual value.
14.Inflation and tax influence to investment decision.
1.Legal forms of business and accounting.
2.Balance sheet and its components.
3.Book-keeping of fixed and current assets, depreciation.
4.Examples of book entries.
5.Taxes in accounting.
6.Balance sheet and income statement - compilation and analysis.
11.Loans. Kinds of interest calculation.
12.NPV and IRR calculations.
13.Taxes, finance and NPV.
14.Comparison period. Complex projects.
1. International Financial Reporting Standards, www.ifrs.org
2. Brealey, Myers, Allen: Principles of Corporate Finance. 9th edition, McGraw-Hill, 2007