1. Bankruptcy and credibility systems and their importance in financial analysis with focus on:
A. construction of bankruptcy and credibility systems and their explanatory power
B. credit rating process
C. characteristics and differences of bankruptcy and credibility models
2. Valuation ratios with focus on:
A. Idefinition and characteristics of main indicators of capital market – both price and dividend related
B. Characteristics of indicators based on CF
C. Interpretation of earnings per share (basic EPS, diluted EPS)
D. Industry specific ratios
3. Activity ratios with focus on:
A. Idefinition and characteristics of ratio indicators that measure activity, and their explanatory power and use
B. Recommended method of calculation of activity indicators, and their possible modifications
4. Liquidity and solvency ratios primarily focused on:
A. Idefinition and characteristics of ratio indicators that monitor liquidity and debt
B. Content and differences of the concepts of liquidity and solvency
C. The main factors that affect short-term solvency of the firm
D. Characteristics of financial leverage
E. The impact of debt on return on equity