FINANCES I (THEORY OF FINANCES)

Principles of financial relations for the state, economy in general and population. Operation of the economic laws in the financial field. Essence of finances as a specific field of production relations. Content of the notion "finances". Centralized and decentralized financial resources. Functions of the finances. Finances' influence upon the public production. State financial policy, its peculiarities under the conditions of the economy in transit. Financial system of Ukraine. State income and expenses. State budget, budget system of Ukraine. Taxes, tax system of Ukraine. Financial mechanism, its components and influence upon the market. Financial regulation of the domestic market and of the external economic relations. Finances of state enterprises and unions. Finances of the business entities. Financial mechanism of the foreign economic activity. Financial market. Insurance. Managing finances. Financial control. Trends in the development of the financial relations; peculiarities of the financial relations in the field of state finances, international finances and finances of the business bodies. Contemporary issues of theory and practice of the state financial policy establishment.

FINANCES II (MONEY & CREDIT)

Origin, essence, functions and role of money. Money flows and money circulation. Laws of money circulation. Inflation. Money systems. Need for credit and essence of credit. Credit system and banks. Operations of the commercial banks. Securities market. International currency and credit relations. Analysis of interaction between the structural elements of the money, credit and currency systems. Money, credit and currency systems as an economic relations complex that has direct and inverse connections with the process of public reproduction.

INSURANCE

Economic necessity and role of insurance in maintenance of the continuous public production. Peculiarities of the financial relations in the field of insurance. Forms of insurance protection and the system of insurance funds. Classification of insurance by the objects and kinds of risks. Property insurance for individuals and legal entities, its forms. Credit and financial risks insurance, its economic necessity, role and types. Foreign economic activity insurance. Individual insurance, its types and role in the maintenance of the social protection of the citizens. Liability insurance. Reinsurance. Profits and expenses of the insurer. Perspectives of the insurance development in Ukraine.

INVESTMENTS

Essence and economic role of investments. Forms of investments. Capital investments. Financial investments. Financial sources of investments. Investments and production funds. Investments from foreign firms and joint ventures. Innovative forms of investments. Interrelation between the investors and other subjects of the investment process. State regulation of the investments. Investment risk and the capital return concept. Analysis and evaluation of the securities. Industry branches' analysis. Contemporary achievements of the investment theory. Analysis of the alternative companies and other investment instruments. Analysis and management of the securities portfolio. Financial support and estimation of the actual efficiency of the investment activity.

BANKING (OPERATIONS IN COMMERCIAL BANKS)

Banking system. Classification of banks by their functions and character of the operations performed. Structure and organization of the universal bank. Order of the establishment and organization of the commercial banks' activity. Wholesale and retail banking activity. Banking services for enterprise and private individuals.

Bank return. Actives' and passives' management. Liquidity management. Borrowed and internal funds. Funds of a bank. Bank services. Debit operations. Credit operations. Credit guarantee. Credit analysis. Investment portfolio. Trust services. Bank in the foreign economic turnover.

FINANCIAL MANAGEMENT

Economic-organizational and legal grounds for financial management. Methods and instruments of the financial management. Financial decision-making. Basic indexes in the financial management. Policy of credit funds attraction. Internal planning. Management of profit formation and distribution. Money turnover analysis. Working assets' management. Analysis of the enterprise's financial & business activity. Dividend policy of an enterprise.

STATE FINANCES

Essence and functions of state finances, their components. The role of state budget and local budgets in the financial system. Income & expenses' structure of state budget and local budget, the methodology of their calculations. Budget deficit, budget regulation, cash performance in the budget. Extrabudgetary trust funds: their organizational structure, sources of formation and directions of their usage. Finances of state enterprises: principles of their organization, peculiarities of their formation and distribution. Relations between state enterprises and state budget.

INTERNATIONAL FINANCES

International practice of money relations. International finances and subsystem of financial and international economic relations. International payments' balances. Monetary system. Currency market, operations with currency.

MONEY & CREDIT SYSTEMS OF DEVELOPED COUNTRIES

Essence and key stages in the evolution of the money & credit systems of the developed countries. The essence of integration in the money & credit field. Key stages and peculiarities of the money & credit system development in the USA. Evolution of the money & credit policy and its peculiarities under the contemporary conditions. Origins and contemporary state of the monetary system of Great Britain and the currently working mechanism of the economy's monetary regulation. Money & credit system of France: evolution of the monetary system, its contemporary state; formation and structure of the credit system, mechanism of the monetary regulation of the economy. Evolution of the monetary systems, formation and structure of the money & credit systems in Germany and Japan; monetary policy in these countries. Money & credit systems in Russia (prior Revolution of 1917) and in the USSR.

ORGANIZATION OF INTERNATIONAL CREDIT & SETTLEMENT OPERATIONS IN BANKS

Foreign exchange control and the national currency markets. Euromarkets. Exchange rates. Spot rates; forward rates. Swap operations. Forward contracts. Interest arbitrage operations. Certificate of deposit. Instruments of the short-term capitals market. Operations lock-up. Financial futures. Accounting and paperwork for savings and deposits. Accounting for the banking operations with securities.

TAX SYSTEM

Theoretical grounds of the tax system formation. Essence and functions of the tax system; principles of its formation and organization. Peculiar features of the Ukrainian tax system and ways of its improvement. Analysis of the contemporary tax legislation. Tax rate and the calculation methodology for separate kinds of taxes. Taxpaying control. Foreign experience of taxation. Tax management. Taxation authorities' structure. Functions and organization of paying taxes and mandatory fees, methods of its control.

INSURANCE SERVICES

Economic necessity and classification of the insurance services. Property insurance for the agricultural enterprises. Property insurance for the non-agricultural enterprises, unions, cooperative and non-profit organizations. Insurance of the credit, financial and other commercial risks. Individual property insurance. Personal insurance - life, accident, medical. Liability insurance - civil and ecologic. Reinsurance. Theoretical grounds of the insurance services. Current state and development prospects for the insurance business under the conditions of market economy. Insurance companies' activity organization and the insurance services provision for private individuals and legal entities.

FINANCIAL MARKET

Financial market: essence, functions and its role in the market economy. Economic relations in the process of the financial market functioning. Financial markets' classification. Primary and secondary financial markets. Financial institutions. Money markets. Capitals' market. Stock exchange. Securities: stock shares; bonds; treasure bonds; saving certificates; bills of exchange. Contemporary theories of the financial market: efficient financial market theory; portfolio theory; Markovich theory; diversification theory. Financial market in Ukraine - current state and development prospects.

FOREIGN CORPORATIONS FINANCES

Developed countries' finances. Forms of the enterprises' organization and their financial management. Consolidated companies. Corporations' finances management system. Financial market. Financial reports of the corporations. Corporations' capital value; corporations' capital structure. Financial planning.

FINANCIAL ARRANGEMENT

Simple and compound interests. Methods of determination the debt period, the interest calculation frequency, the interest rate size. Money flows and their determination. Methods of debt repayments, the peculiarities of its planning. Statistics of interest rates, currency exchange rates and securities. Stock exchange statistics. Statistic research of the third (street) market.

RISK IN FINANCIAL MANAGEMENT

General issues of the economic risks theory. Quality and quantity analysis of risk in financial management. System of quantity indexes for the level of risk estimation. Risk in time measures. Consideration of risk and inflation in the financial arrangements. Economic risk modeling. Major classes of the mathematic models. General grounds and instruments of the risk management in finances. Considering risk for certain aspects of financial management. Investment projects' management and the related risk.

INNOVATIVE MANAGEMENT

Essence and kinds of innovations. Principles of the state innovative policy. Sources for the innovative programs financing. Legal framework of the innovative activity. Economic efficiency indexes. Patenting. Institutional structure of the innovations' system. Foreign experience of the innovative activity organization on the business entities.

BANKING MANAGEMENT

Peculiarities and instruments of banking management. Management of the commercial bank's actives. Management of the commercial bank's passives. Commercial bank's liquidity management. Personnel management in banks.

FINANCIAL ANALYSIS

The role and the methodological grounding for the financial analysis. Profit & losses' balance usage for the information support of the enterprise's financial analysis. Financial analysis of an enterprise and the efficiency of the working assets usage on it. Enterprise assets evaluation. Enterprise liquidity analysis on the basis of the its financial indexes. Bankruptcy. Analysis of the enterprise financial endurance indexes. Complex financial analysis of the enterprise activity. Enterprise reserves' calculations on the basis of the financial analysis of its activity. Considering a financial strategy for an enterprise.

INTERNATIONAL INVESTMENT ACTIVITY

Investments and the capital market of the contemporary economy. Markets and instruments. Subjects of the investment activity. Financial investments. Investments into the production funds. Financial instruments' estimation and the investment portfolio management. Foreign investments. Innovative form of foreign investments. Investments' expediency grounding. Macroeconomic regulation of the investment process. Regulation forms for interaction between the subjects of the investment process. Projecting and pricing for investing. Investments' implementation.

INTERNATIONAL INVESTMENT PROJECTS: ANALYSIS AND MANAGEMENT

International investment projects - their essence and key features. Structure of the international investment projects. Basic methods of the international investment projects' evaluation. Financial analysis of the international investment projects. Calculations and analysis of the alternative variants for the international investment projects. Sources of financing and credit resources' attraction techniques for realization of the international investment projects. Decision-making regarding the realization of the international investment projects. Peculiarities of the international investment projects realization in Ukraine.