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Courses

Course information

Doing business in Russia

The course describes specific characteristics of the Russian business environment. Students acquire modern competences in building and developing business companies based on the in-depth knowledge of the relevant legal and tax administration framework, financial support methods in the presence of growing business risks, and qualitative changes in the commodity markets and international markets.      

Course information

International financial reporting standards and convergence of national accounting standards with IFRS

This course provides description of the process of aligning Russian accounting standards to the International Financial Accounting Standards (IFRS). It is aimed at providing a broad understanding of IFRS and Russian accounting principles and convergence of RAP with IFRS, for those who have advanced level of knowledge in accounting sphere or who have already experienced IFRS or national reporting.

Various accounting standard setting bodies all over the world are looking to eliminate the differences persisting in various countries as to the treatment in the accounts in respect of assets, liabilities, expenses etc. The main purpose is to create a condition in which the financial statements of any entity can be easily read and understood by the various users of the statement residing in different parts of the world. IFRSs are the solutions to this problem. Russian accounting standard-setters also follow this trend and the system of accounting and financial reporting regulation has been changed greatly and it's still in the process of changing. Federal Law On Consolidated Financial Statements No. 208-FZ was adopted on 27 July 2010. Thus, Russia introduced a  legislative requirement for the mandatory  application of IFRS by all public interest entities for the preparation of consolidated financial statements. Individual financial statements for some entities (like banks, insurers, etc.) are also presented in accordance with IFRS.

This course focuses on the main IFRS and RAS and conversion of RAS-based financial statements to IFRS-compliant financial statements.

Duration of the course is 18 hours.

Lecturers have strong academic and teaching background, professional experience in accounting and audit.

The course is arranged in two sections.

The first section covers International Financial Reporting Standards, their usage and implementation, preparation of financial statements under the IFRS (Statement of Financial Position, Statement of Profit or Loss and Other Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows), disclosure formats, etc.

The second section covers Russian Accounting Standards and the process of convergence of RAS with IFRS. Current and future changes in accounting legislation system and challenges of convergence. Main differences and similarities of IFRS and RAS. Circumstances for which IFRS reporting is required according to Russian legislation. Main issues of conversion of RAS-based financial statements to IFRS-compliant financial statements.

Course information

Financial, management and tax accounting

This course provides an introduction to financial, management and tax accounting. It is aimed at providing a broad understanding of the theory and practice of financial accounting, management accounting and tax accounting, both for non - specialist practitioners and as a foundation for those who have fundamental experience in the area. This course focuses on basic principles and underlying concepts of accounting, taking into account Russian and international standards and practical aspects.

Duration of the course is 72 hours.

Lecturers have strong academic and teaching background, professional experience in accounting and audit.

Syllabus

The course is arranged in three sections. The first section introduces and explains financial accounting concepts and conventions, and provides a grounding in double-entry bookkeeping and the preparation of the primary financial statements. It covers International Financial Reporting Standards and Russian Accounting Standards, allows to prepare and analyze financial statements under both set of standards.

Main topics of Section 1 Financial accounting.

Accounting harmonisation and International Financial Reporting Standards. Russian Accounting Standards comparing with IFRS. Accounting concepts and conventions: their nature, purposes and limitations. Accounting policy. Double-entry book-keeping. Usage of Russian Chart of accounts. How to prepare and interpret financial statements: Statement of Financial Position, Statement of Profit or Loss and Other Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows and notes to the financial statements under IFRS and RAS. Analysis and interpretation of financial statements prepared in compliance with IFRS and RAS.

The second section introduces a range of applications and techniques for planning, decision-making and control.

Main topics of Section 2 Management accounting.

Cost accounting. Cost behaviour, marginal and total absorption costing. Cost-

volume-profit analysis. Process costing and capacity management. Activity Based Costing and Management. Relevant information for decision making. Decision making with constraint and uncertainty. Theory and practice of pricing. Budgetary planning and control, including standard costs, targets, and variance analysis. Making capital investment decisions, capital budgeting and lifecycle costing. Divisional performance management systems. Strategic performance measurement –the use of non-financial performance measures. International management accounting concepts and Russian experience.

The third section covers principals of taxes calculation in accordance with Russian taxation system.

Main topics of Section 3 Tax accounting.

The Russian tax system and its administration. Income tax. Corporate profits tax. Value added tax. Insurance contributions. Corporate property tax. Computation, payments and reporting requirements.

Course information

Foreign trade activities: accounting and auditing

This course covers issues devoted to financial accounting for and audit of foreign trade activities for professionals in accounting and audit. This course focuses on peculiarities of financial accounting and reporting (under Russian accounting standards), tax aspects (under Russian Tax Code) and audit (under International Standards on Auditing) for foreign trade activities. This course could benefit to chief accountants, CFOs, CEOs of representative offices of foreign companies located in Russia or Russian companies with foreign investments, managers and accountants or foreign companies with existing or potential Russian counterparties, any other interested and qualified professionals in accounting and audit.

Duration of the course is 18 hours.

Lecturers have strong academic and teaching background, professional experience in accounting and audit.

Syllabus

The course introduces foreign trade activities regulation and foreign currency regulation and control in Russia, and covers accounting issues for foreign currency transactions and settlements, export and import transactions with goods and/or services, specifics of accounting and reporting in foreign representative offices. Foreign trade contracts and prime-source documents. Tax aspects of foreign trade activities -VAT, custom duty, corporate profit tax.

Audit of foreign trade activities – sample plan, programme, audit considerations, general risks, sources of evidence, audit procedures, etc.

About us

The Financial University under the Government of the Russian Federation provides an opportunity for you to obtain excellent applied training, take an advanced training course, and obtain new competencies and a diploma/certificate of one of the Russian leading universities. You will become a highly-qualified expert in your field and this will undoubtedly improve your employability and help you build a career at the top. Top practitioners, experts and business trainers will teach the courses and you will not only acquire the updated knowledge and skills, but also identify the key career development trends, find new business contacts and meet people who share your beliefs with whom you will be able cooperate when building your business company in the future. 

You have a unique opportunity not only to obtain good training, but also to learn more about the Russian culture, to enjoy the Russian hospitality that will impress you so much that you will want to come back again. If you want to be the best, choose the best.

We hope that you will make the right choice and become a Financial University student. You are welcome to examine the benefits of our further education programs and move on to achieve success. 

Staff profiles

Elena A. Didenko

PhD (Technical Sciences)

Vice-Rector for Continuing Education

Associate Professor

Anatoly K. Bykov

Deputy Vice-Rector for Continuing Education 

Doctor of Pedagogics

Professor 

Contact us

Address: 49 Leningradsky Prospekt, Moscow, Russia, 125993, GSP-3.

Tel.: +7 (499) 943 94 69 

E-mail: TVBoeva@fa.ru