In order to complete the requirements for the Certificate of Accounting, students must complete the following courses:
- Financial Accounting
Introduction to the recording of business transactions and interpretation of financial statements, emphasizing US GAAP.
- Managerial Accounting
Accounting for costs with applications to managerial decision-making. A thorough review of most managerial accounting issues of importance to many organizations such as cost allocation, activity based costing, budgeting, standard costing, just-in-time inventory and many other topics.
- Principles of Business Law
Covers basic US and Russian legal institutions, civil and criminal law, contracts, commercial paper, negotiable instruments, secured transactions, and other topics.
- Accounting Analysis
How accounting rules influence decision-making, valuation and the global financial crisis. Topics include: credit rating agencies and the analysis they use to rate companies, equity accounting, business combinations and consolidations, methods used to manipulate accounting numbers, crisis issues such as mark-to-market and impairment of assets, future trends in IFRS, GAAP and RAS.
- Comparative Taxation
Covers fundamental concepts of taxation and examines the current Russian tax system from an international comparative perspective with reference to both U.S. and Western European practices.
Optional courses for this certificate include Principles of Corporate Finance
and International Transactions