Capital Markets and Financial Institutions

This course consists of two major parts. The first part is devoted to the nature, role, and functioning of financial institutions in the developed capital market. The second part deals with the Russian capital markets and financial institutions. The principal goal here is to screen the local experience against worldwide theory and practices in order to identify both common and specific features of developed and emerging markets.

Konstantin Kontor,
AIBEc Professor
315-original

Art Franczek

Art Franczek is currently the president of The American Institute of Business and Economics in Moscow, he holds degrees in History and Political Science in addition to an MBA, CPA and a Masters of Taxation.

Financial Accounting

Purpose of this Course

This course provides the student with a thorough background of IFRS (International Financial Accounting Standards) including issues such as Accrual basis Accounting, Accounting for Inventories, Reserve for Uncollectible Accounts, Accounting for Contingencies, Fixed Assets, Accounting for Debt and Equity, Accounting for Investments, Cash Flows and Analysis of Financial Statements.

Particular attention is given to the conversion of Russian Accounting Standards (RAS) to IFRS and the Convergence of US GAAP to IFRS. Also special tutoring is provided for those students who do not have a business background.

Course Materials

  • Students are provided with a CD that includes the following materials:
  • Power point slides and required readings organized by topic
  • Required Homework organized by topic
  • Accounting movies
  • Supplemental material such as the most recent articles on Accounting and articles written by Art Franczek

Grading

Grading of this course will be based on examinations and class participation.

Failure to attend 40% of classes leads to immediate failure in the course and loss of credit.

The course will be graded in accordance with the following schedule:

Class participation30%
Midterm30%
Final40%
Total100%

Course Topics

  1. Accounting: an information system
  2. The double-entry accounting system
  3. The accounting cycle
  4. The accounting cycle concluded
  5. Merchandising operations
  6. Inventories
  7. Internal control, cash & s.t. inv.
  8. Trade accounts and notes
  9. Accounting systems
  10. Plant assets
  11. Current liabilities, payroll accounting
  12. Accounting principles & fin. disclosures
  13. Corporations: organization & capital stock
  14. Corporations: dividends, retained earnings
  15. Long term liabilities, present values
  16. Handout chapter on investments
  17. Cash flows
  18. Analysis of financial statements
  19. Review for final exam

You can download description of the course here.

Principles of Marketing

Principles of Marketing Course is offered in First Summer Semester 2012.

Entrance Exam

You could take AIBEc Entrance Exam from March 26 till May 21, 2012. Students who achieve qualifying score on the exam pay reduced tuition.

May 14, 2012

First Summer Semester starts May 14, 2012. Registration is open. You can download registration form here.