MBA: Accounting Department
Accounting is a broad academic discipline encompassing many specialty areas. Managers are involved in the proper accounting, reporting, and use of assets and liabilities, but even within this area there are specialists who concentrate on accounting, financial reporting, auditing, tax accounting and tax planning, internal controlling, cost estimation and forecasting, capital budgeting, and other related areas.
This specialization prepares students for careers in accounting, auditing, controllership, treasury functions, budgeting. Many are the career opportunities with either small firms or large businesses, either domestic or international, such as accounting firms, banks, thrifts, insurance, and investment companies as well as businesses in manufacturing, merchandising, technology, and services.
The program of study in Accounting will also help prepare students to seat at professional exams and obtain related degrees such as CPA, CMA, ACCA, etc.
The following is the course structure for students with concentration in Accounting.
Required Core Accounting Courses for all MBA Students
AC5201 Financial Accounting
AC5202 Managerial Accounting
Required Courses for Accounting Concentration
Concentration in Accounting requires both core Accounting Courses and any five courses from the list below
Elective Courses for Accounting Concentration
AC5203 Strategic Control Systems
AC5204 Strategic Management Accounting
AC5205 Oil and Gas Accounting
AC5206 Auditing
AC5207 International Financial Reporting Standards
AC5208 Financial Reporting and Analysis
AC5209 Advanced Accounting
AC5210 Taxation in Kazakhstan
IS5211/3211 Accounting Information Systems
AC5260 Selected Topics in Accounting
OP5211 Business Time Series Forecasting
DESCRIPTION OF CORE ACCOUNTING COURSES
AC5201 Financial Accounting for Managers, 3 Credits
Prerequisites: None
Recognizing that accounting is the primary channel for communicating information about the economics of a business, this sequence of two courses provides a broad view of how accounting contributes to an organization. Students will gain:
• An understanding of the concepts and language of accounting so it can be used as an effective tool for communication, monitoring, and resource allocation
• Mastery of the vocabulary and meaning of financial statements and accounting reports
The course also emphasizes on the basic theoretical framework for generally accepted accounting principles. Different accounting techniques and their effect on financial statements are considered. Basic financial statement analysis methods are introduced.
AC5202 Managerial Accounting, 3 Credits
Prerequisites: AC5201
This course emphasizes the use of accounting information for internal planning and control purposes. The course is intended for individuals who will make business decisions and evaluate performance of business units using data obtained from the accounting system. The course will cover the basic vocabulary and mechanics of cost accounting and the role of management accounting in decisions concerning resource allocation and performance evaluation. Particular emphasis will be put on strategic cost analysis. Familiarity with how modern accounting and control theory is used in evaluating economic conditions and making organizational decisions.
DESCRIPTION OF ELECTIVE ACCOUNTING COURSES
AC5203 Strategic Control Systems, 3 credits
Prerequisite: AC5202
Relying solely on historical accounting information to run a business is like driving down the highway with the windshield covered. Through the "rear view mirror" of accounting information you can see clearly where you have been, but you have no way navigating the twisting, turning road of the future.
Business strategy guides companies into the future impacting the results that are ultimately reported in historical financial statements. This course shows how strategic control systems can give managers the timely quantitative and qualitative information they need to "drive into the future" with confidence and success.
Managers use performance measurement and control systems to maintain or alter patterns in organizational activities. Desirable patterns may include efficiency and error-free processing, such as yield rates in manufacturing environments. In other
instances, they may relate to patterns of ongoing creativity and innovation in products or internal processes, such as percentage of sales from new products or year-over-year improvement in processing speed. Rather than simply identifying good business measurements, this course emphasizes the identification and utilization of measurements that drive results consistent with corporate strategies.
AC5204 Strategic Management Accounting, 3 Credits
Prerequisites: AC5202
This course will focus on the ways managers can use financial analysis and financial controls in the formulation and implementation of the strategies of the firms.
AC5205 Oil & Gas Accounting, 3 Credits
Prerequisites: AC5202
This course provides an overview of the Petroleum industry, and an introduction to the various aspects of accounting for the oil and gas industry including acquisition and non-drilling exploratory costs, drilling and development costs, accounting for production costs, depreciation, depletion and amortization costs (DD&A), use of full costs vs. successful efforts method, revenue recognition, basic tax accounting, and overview of Standard No. 20 in Kazakhstan.
AC5206 Auditing, 3 Credits
Prerequisite: AC5201
This course covers auditing standards and procedures observed by Public Accountants in the examination of financial statements of business and other organizations; audit standards, objectives, and conceptual framework for collection of evidence and assessment of control risk; and short-form audit report and operational auditing.
AC5207 International Financial Reporting Standards, 3 Credits
Prerequisite: AC5201
Kazakhstan is moving towards using International Accounting Standards as national accounting reporting standards. This course bridges the gaps between the Kazakhstan Accounting Standards, Kazakhstan Chart of Accounts, GAAP methods and the methods used in International Financial Reporting Standards. Upon completion, the students will be prepared to conduct business in Kazakhstan using past records and current methods.
AC5208 Financial Reporting and Analysis, 3 credits
Prerequisites: AC5201
The course introduces students to accounting issues in the context of different countries and enables them to understand the key factors that influence accounting standards and practices in different countries, and how those factors impact the harmonization of standards worldwide.
AC5209 Advanced Accounting, 3 Credits
Prerequisites: AC5202
Advanced Accounting courses are intended for students who wish to pursue accounting careers. The course emphasizes on further inter-corporate investments and deals with the area of international accounting. The following topics will be studied: pooling of interests, and consolidation of subsidiaries at date of acquisition and later years, intercorporate investments, factors affecting ownership interests, segmented and interim reporting, accounting for international activities, foreign currency transactions, translating foreign operations, and reporting foreign operations, financial reporting by business enterprises; impact of industry characteristics on financial reporting; business combinations.
AC5210 Taxation in Kazakhstan, 3 Credits
Prerequisites: AC5201
This course is a survey of the tax structure including concepts and policies, which shape the law. Emphasis will be on general concepts applicable to all taxpayers and on taxation of individuals. It also covers the taxation of property transactions, accounting periods and methods, corporate formulation and income taxation, and the taxation of partnerships and corporations.
AC5260 Selected Topics in Accounting, 3 Credits
Prerequisite: AC5202
The course examines particular issues in accounting at an advanced level. Topics vary according to the interests of the students and instructors.
The following Code and Course title changes have occurred:
|
Old Code and title of Courses |
New Code and title of Courses |
|
AC5203.01 International Financial Reporting Standards |
AC5207 International Financial Reporting Standards |
|
AC5203.02 Financial Reporting |
AC5208 Financial Reporting and Analysis |
|
AC5203.03 Auditing |
AC5206 Auditing |
|
AC5202 Management Accounting for Managers |
AC5202 Managerial Accounting |
Bang
College of Business, KIMEP, 2 Abai Avenue, Almaty, 050010
Tel.: +7 327 270-44-96 Fax: +7
327 270-44-63
E-mail: bcb@kimep.kz