| 1 | Understanding of the time value of money |
| 2 | Understanding of the concepts of valuation |
| 3 | Estimating of the cost of bank loans |
| 4 | Estimating of the cost of bonds |
| 5 | Estimating of the cost of capital |
| 6 | Estimating of weighted avarage cost of capital |
| 7 | Estimating of the discount rate |
| 8 | Calculating of the cash flows to firm |
| 9 | Calculating of the cash flows to equity |
| 10 | Learning of valuation methods |
| 11 | Practise |