This document is a seminar paper on financial due diligence according to the terminology used in international accounting standards. It discusses analysis of profitability, asset turnover analysis, liquidity and solvency analysis, analysis of indicators of shareholder investment efficiency, and the Altman Z-score model of business success. The paper was written by Zorana Kukic for the Accounting course at Educons University Faculty of Business Economics in Sremska Kamenica, Serbia on December 21, 2009.