OUTLINE OF MODULES

3rd Semester

3.1 Tax System of the RA

During this module you will study:

• Budget system framework of the RA;

• General description of Tax System of the RA, basic principles of Tax Law of the RA;

• Differentiation between Financial Accounting and Accounting for taxation purposes;

• Calculation of taxes and other types of main obligatory duties;

• Presentation of tax calculations and accounting reports;

• Issues of International Contracts Implementation.

3.2 Financial Management

During this course you will study:

• Forecasting, planning and budgeting;

• Standard Costing;

• Monetary and Fiscal Policy;

• Working Capital Management;

• Sources of Finance;

• Long Term Finance: Investment Strategy;

• Investment Project Appraisal Methods;

• Project Appraisal Under Risk;

• Leasing Decisions.

3.3 International Financial Reporting Standards

During this module you will study International Financial Reporting Standards - IFRS.

3.4 Computer Based Financial Analysis

During this module you will study:

• Graphs’ and Diagrams’ creation (histogram, Lorents Curve);

• Financial analysis by Excel (calculation of simple and compound interest, depreciation, Future and Present Values, Deposit Accumulation and Credit Extinction);

• Analysis of the Investment Projects (NPV, IRR, Sensitivity Analysis);

• Regression Equations.

3.5 Business English

During this course you will extend your knowledge of English in the fields of business communication and documentation, advertising, marketing, finance and accounting.