$2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.20.$ Main elements of financial analysis, financial ration used to assess the financial

condition of company and limitations in the use of ratio analysis for assessing

corporate performance.

Net present value $($NPV$)$ and internal rate of return $($IRR$).$

Nature, elements and importance of working capital.

Nature and purpose of financial management and financial objectives and

relationship with corporate strategy.

Relationship between dividend policy and the financing decision, the theoretical

approaches to the dividend decision, including legal constraints, liquidity,

shareholding expectations and alternatives to cash dividends.

Cash operating cycle and the role of accounts payable and accounts receivable.

Methods of describing and analyzing the National Financial System.

Accounting standard on the banking business.

Role of Central Banks and monetary policy goals.

Role of government in the economy.

Diversity of the taxation systems in different countries.

Interdependence between risk and insurances. Importance and objectives of risk

management.

Relationship between corporate finance, accounting and economics.

Macroeconomic factors that cause changes in the financial system structures in

different countries and the impact of corporate strategy and business model on

financial statements.

Reasons of globalization and internationalization of financial markets.

Role of financial markets for corporate and investment decisions.

Interdependence between macroeconomic variables and financial situation of the

company.

Role of regulatory and professional bodies in promoting ethical professional

standards in the accountancy profession.

Theory and practice of the capital structure of companies.

Methods and tools of share and bond valuation.