Decision makers are surrounded with concepts and terminology from finance and accounting: cash flow management, net present value, liquidity, taxes, and numerous others. This course provides an applied introduction to the key topics in finance and accounting.

In the process we will also introduce concepts and terminology of financial accounting. As a result, program participants will better understand the basics of financial management and be able to engage in more meaningful discussions with financial professionals.

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Program Curriculum

The program will start with an introduction to finance and accounting terminology and concepts: basics of balance sheets, income statements, cash flow statements, and cash flow projections.

You will learn how to interpret the financial statements. You will learn about breakeven analysis, asset valuation, and financial forecasting. The program will close with a discussion of common mistakes made by companies in their financial management. We will also discuss the financial system (including the monetary and fiscal policies, and the taxation) in Kazakhstan and its implications for doing business.

Our program will also feature a “practitioner’s perspective” of financial management by one of Kazakhstan’s industry leaders in the financial industry.

In summary, this course will give you knowledge, insights, and practice in using the tools of finance and accounting to make data-driven decisions.

 

For Whom

  • Professionals in management positions other than finance (general managers, engineers, marketers etc.)
  • Career changers who have recently moved to financial positions but lack a strong finance/accounting background.
  • Executives with a need to refresh their finance/accounting prior knowledge.

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Benefits

Upon completion of this course, participants should be able to:

  • Carry out basic project evaluation based on financial criteria.
  • Understand finance professionals and engage in meaningful discussions.
  • Critically review project evaluations prepared by others.
  • Know the impact of monetary and fiscal policy on doing business.
  • Evaluate tax aspects of various business decisions.
  • Understand the basics of “bottom line”: profitability, value creation, and economic viability.

 

Venue and Time

Dates:   April 25-26, 2016

Venue:   Nazarbayev University, Graduate School of Business, 53 Kabanbay Batyr, Astana

 

Speakers

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Earl Kay Stice

Earl Kay Stice is the Ernst & Young Professor of Accounting and Finance at Nazarbayev University in Astana, Kazakhstan. He holds bachelor’s and master’s degrees from Brigham Young University and a Ph.D. from Cornell University.  Dr. Stice has been on the faculty at Rice University, the University of Arizona, Cornell University, the Hong Kong University of Science and Technology (HKUST), and Brigham Young University (where he was the PricewaterhouseCoopers Professor of Accounting).  Dr. Stice has also taught in a variety of executive education and corporate training programs in the United States, Hong Kong, China, Russia, Singapore, Malaysia, France, and South Africa. He is currently on the executive MBA faculty of the China Europe International Business School (CEIBS) in Shanghai, HKUST in Hong Kong, and the Moscow School of Management (SKOLKOVO). In the Kellogg-HKUST EMBA program, which has been ranked #1 in the world (by the Financial Times) five times in the past six years, Dr. Stice has twice been selected by the graduating class as the program’s outstanding faculty member. Dr. Stice is co-author of Intermediate Accounting, 19th edition; Accounting: Concepts and Applications, 11th edition; and Financial Accounting: Reporting and Analysis, 7th Edition. He is also the co-creator (with his brother Jim) of the online Financial and Managerial Accounting courses at MyEducator.com and of a number of accounting and finance online courses at Lynda.com.

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Davlatbek Abduvaliyev

Davlatbek Abduvaliyev is a finance professional with fifteen years of experience in Kazakhstan. He has an MBA from Frank Zarb School of Business (Hofstra University) and a PhD from Manchester Business School (the University of Manchester). Dr. Abduvaliyev held academic and administrative positions at KIMEP University and also delivered lectures at KBTU, UIB and the MBA program of the National Bank. His teaching interests are in Financial Accounting and Reporting, Management Accounting and Corporate Financial Management. Davlatbek’s research interests encompass unrecognized Intangible Assets – specifically, he researches their identification, taxonomy and measurement. Davlatbek has many years of CFO experience in Kazakhstan (JSC Center for International Programs, JSC KIMEP University, TOO Aura Group of Companies). He has also served many local and multinational companies as a management consultant and business trainer. Amongst his clients have been the Big Four, commercial banks (Halyk, BTA, ATF), the National Bank of Kazakhstan, oil and gas companies (Agip KCO, KPO), and others. Davlatbek is an FCCA and active member in other various academic and professional associations.

 

 Schedule

DAY-1

08:30-09:00

Registration

 

09:00-10:30

Introduction to Finance and Financial Statements

Kay Stice

10:30-10:45

Break

 

10:45-12:15

Introduction to Financial Statement Analysis

Kay Stice

12:15-13:15

Lunch

 

13:15-14:45

Property and Business Valuation

Davlatbek Abduvaliyev

14:45-15:00

Break

 

15:00-16:30

Operating Cash Flow Analysis + Making Data-Driven Decisions

Kay Stice

16:45-18:00

The Business Environment in Kazakhstan: Prospects for Growth, the Tenge, and the Regional Financial Centre

Kay Stice

Davlatbek Abduvaliyev


DAY-2
 

08:30-09:00

Tea & Coffee

 

09:00-10:30

Application of Financial Statement Analysis

Kay Stice

10:30-10:45

Break

 

10:45-12:15

Implications of the Financial System on Doing Business in Kazakhstan

Davlatbek Abduvaliyev

12:15-13:15

Lunch

 

13:15-14:45

Impact of Taxes on Business Decisions in Kazakhstan

Davlatbek Abduvaliyev

14:45-15:00

Break

 

15:00-16:30

Common Mistakes of Startup Companies

Kay Stice

16:30-17:30

Wrap-up & Certificates

 

 

Questions?

If you have any questions, please contact us by email gsb.exed@nu.edu.kz or by phones +7 (7172) 69 45 74, 70 91 83, 70 66 67


Price

The program includes all course materials as well as meals and coffee.