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Originally Posted by Ukrainian_American
The exam is not easy compared to Management and Marketing exams. The exam-taker is not limited in time... You should get a non-programmable financial calculator and learn how to do such calculations as TVM, IRR, Cash flow, NPV...
You should memorize and know how to use formulas for financial ratios, financial, operational, combined leverage, effective rate of interest, cost of stock, CAPM cost, cost of failing to take a trade discount, break-even quantity, DuPont system...
The questions are not easy and require a good knowledge of financial terms, concepts, relationship of financial concepts.
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Hi Ukrainian_American,
Welcome to the board.
Thank you for your excellent advice concerning the Principles of Finance exam. You hit the nail right on the head.
Principles of Finance is one of the hardest exams I have taken so far. Marketing and Management are definitely not even in the same league.
On a personal note: My father-in-law's family are Ukrainian too. His father immigrated here from either Kiev or Lvov (not sure which). A few years ago, my wife spent a month in the Ukraine visiting her distant relatives. Just a bit of useless personal trivia that nobody really needs to know, but I'm saying it anyway.
