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.

Managerial Accounting

Purpose of this Course

This course provides the student with a thorough background in the latest Managerial Accounting issues such as Job Costing, Cost Volume Profit Analysis, Cost Allocation, Activity Based Costing/Management, Standard Costing, Budgeting, Total Quality Management and Just in Time management. Special emphasis is placed on the latest techniques in Cost Optimization both in Russia and abroad.

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
  • Recent Harvard cases on Toyota, Dell, Walmart, Tesco, Amazon, and others
  • Supplemental material such as the most recent articles on Accounting and articles written by Art Franczek


Grading of this course will be based on the examination, class participation and each student will be required to do at least one case presentation.

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%

Course Topics

  1. Introduction to cost terms
  2. Job costing
  3. Cost volume profit
  4. Decision making
  5. Cost allocation
  6. Activity based costing
  7. Inventory costing
  8. Standard costing
  9. Master budget
  10. Total quality management
  11. The economic order quantity model
  12. Just-in-time management
  13. Transfer pricing

Cases for presentation

  1. Daniel dobbins cost control
  2. Nostrum perpetual inventory
  3. Winchell tracing marketing costs
  4. Kantral customer costs
  5. Dell e-business strategy
  6. Dell supply chain
  7. Walmart supply chain
  8. Walmart supply chain practices
  9. Texas eastern TQM
  10. 6 sigma at GE
  11. Ford

You can download description of the course here.

Business Psychology (II)

Business Psychology (II) course starts on Monday, January 29, 2018.

Entrance Exam

You could take AIBEc Entrance Exam from August 22, 2017 till September 30, 2017. Students who achieve qualifying score on the exam pay reduced tuition.

Spring Semester, 2018

Fall Semester starts on January 29, 2018.