ACCOUNTING AREA
ACC2102 Financial Accounting I (3 Credits)
Prerequisites: None
This course introduces financial accounting and addresses such topics as; accounting principles and concepts, the
accounting cycle including recording transactions; preparing financial statements, adjusting and closing accounts for
proprietorships, partnerships, and corporations. It also addresses; accounting for merchandising, cash; temporary
investments and receivables; inventories and cost of goods sold; plant and equipment, natural resources, and
intangible assets.
ACC3101 Financial Accounting II (3 Credits)
Prerequisites: ACC2102 (or ACC2101 or AC1201)
This course continues the introduction of financial accounting and addresses the following topics; organization and
operations of corporations; corporate transactions; reporting income and retained earnings; earnings per share;
bonds as liabilities and investments; the cash flow statement, equity investments and international operations.
ACC2201 Management Accounting I (3 Credits)
Prerequisites: ACC2102 (or ACC2101 or AC1201)
Previous Title: Managerial Accounting
This course introduces basic concepts in cost and management accounting. The course introduces the student to
internal uses of the financial data. Topics that may be covered include Systems Design (Job Order & Process Costing),
Cost Behavior, Break-Even Analysis, Variable Costing, Activity-Based Costing, Profit Planning, Standard Costs,
Budgeting, and Segment Reporting. Other topics may be included as time permits.
ACC3110 Management Accounting II (3 Credits)
Prerequisites: ACC2201
Not available to students with credit for AC3203
Previous Title: Cost Accounting I
This course builds on the basic cost and management concepts to focus more intensively on their use by managers in
organizations. This course introduces students to the basic concepts in cost accounting and teaches the student how
to measure, analyze, and report financial and nonfinancial information. Topics that may be covered include CVP
Analysis, Job Costing, Activity Based Costing, Budgeting, Determining how Costs Behave, Decision Making with
Relevant Information, and Pricing Decisions.
ACC3200 Ethics in Accounting (2 Credits)
Prerequisites: ACC2201
The course is designed for students’ understanding of the meaning of ethics; various aspects of moral reasoning and
how moral reasoning is used for ethical decision-making; and learning the tools and techniques for analyzing ethical
situations and using these tools to make ethical decisions. Specific topics include identification of the stakeholders,
development of corporate codes of conduct, impact of business ethics and corporate codes on corporate governance,
the importance of ethics in management accounting, internal auditing and not-for-profit accounting and legal liability
issues
that
accountants
face.
ACC3201 Intermediate Financial Accounting I (3 Credits)
Prerequisites: ACC3101 (or ACC2101)
This course begins in depth analyses of accounting issues introduced in Financial Accounting. It addresses some of
the following topics; the accounting process, financial accounting and reporting, the income statement and statement
of retained earnings, the balance sheet and statement of cash flows, revenue recognition and income determination,
cash and receivables, inventory valuation and departures from historical cost and estimating inventory cost.
ACC3202 Intermediate Financial Accounting II (3 Credits)
Prerequisites: ACC3201
This course continues the in depth analysis and development of issues in financial accounting. Among the topics
addressed are accounting for capital assets, intangible assets and natural resources; investments; current liabilities
and contingencies; bonds (investments and payables) and long term notes payable, leases; accounting for income
taxes; shareholders’ equity including contributed capital, retained earnings and dividends; and earnings per share.
ACC3204 International Financial Reporting Standards (3 Credits)
Prerequisites: ACC3202
Reporting practices vary significantly throughout the world. Kazakhstan now requires that International Financial
Reporting Standards be used in accounting for business transactions. This course bridges the gaps between the Chart
of Accounts, GAAP methods and the methods used in International Financial Reporting Standards. Upon completion,
the students will be prepared to conduct business in Kazakhstan using past records and current methods.
ACC3205 Principles of Taxation (3 Credits)
Prerequisites: ACC2102 (or ACC2101)
This course provides a survey of tax concepts, structure and policy. Among the topics addressed are; types of taxes
and the jurisdictions that use them, tax policy and the standards for a good tax, taxes as transaction costs, income tax
planning, taxable income from business operations, property acquisitions, dispositions and cost recovery deductions.
ACC3210 Taxation in Kazakhstan (3 Credits)
Prerequisites: ACC2102 (or ACC2101)
This course is a survey of the tax structure including concepts and policies, which shape the law. Emphasis will be on
general concepts applicable to all taxpayers and on taxation of individuals. It also covers the taxation of property
transactions, accounting periods and methods, corporate formulation and income taxation, and the taxation of
partnerships and corporations.
ACC3212 Accounting Information Systems (3 Credits)
Prerequisites: ACC 3101 (or ACC2101 or AC1202) and GEN2301 (or IS2201 or CIT1712 or GEN1300)
Not available to students with credit for IFS3212
This course addresses issues of computer based accounting. The course will focus on teaching skills needed to use
modern accounting software for effective decision support. Students, through extensive hands-on experience with
such software, will acquire the skills necessary to manipulate data efficiently and accurately, to produce useful
information. Eventually, the students are expected to develop practical skills to handle common business-related
situations. The course includes discussions on the accounting software principles, and concentrates on effective
techniques of using software in the business world.
ACC3299 Selected Topics in Accounting (3 Credits)
Prerequisites: ACC3202
The course examines particular issues in accounting. Topics vary according to the interests of the students and
instructors.
ACC4201 Advanced Financial Accounting (3 Credits)
Prerequisites: ACC3202
This course builds on the intermediate accounting courses to develop the professional judgment, as well as the more
technical skills, needed by students for careers in accounting, auditing or finance. Among the topics addressed are:
pooling of interests, consolidated financial statements, inter-corporate investments, factors affecting ownership
interests, segmented and interim reporting, accounting for international activities, foreign currency transactions,
translating foreign operations, and reporting foreign operations.
ACC4203 Auditing (3 Credits)
Prerequisites: ACC3101
The primary emphasis of this course is on the auditor’s decision-making process in both, an audit of financial
statements, and an audit of internal control over financial reporting. The course teaches the fundamental concepts
and techniques including; determination of the nature and amount of evidence needed by the auditor given the
unique circumstances of each engagement, the demands imposed by the need to comply with the U.S. Sarbanes-Oxley
Act of 2002 and the internal-control related Section 404, technology, e-commerce, and fraud.
ACC4205 Cost Accounting (3 Credits)
Prerequisites: ACC2201
Cost accounting measures, analyzes and reports financial and non-financial information relating to the costs of
acquiring or using resources in an organization. Cost management refers to the approaches and activities performed
by managers to use resources to increase value to customers and to achieve organizational goals. Topics covered in
this course will include master budget and responsibility accounting, flexible budgets, direct and overhead cost
variance and management control, inventory costing and capacity analysis, pricing decisions and cost management,
management control systems, transfer pricing, and performance measurement, compensation and multinational
considerations.
ACC4209 Principles of Fraud Examination (3 Credits)
Prerequisites: ACC3101
The course is intended to provide fundamental and practical knowledge for all students to learn about the global
threat of fraud and to prepare for careers in the anti-fraud profession. The students will be able to identify and assess
appropriate fraud risk factors by increasing the body of anti-fraud knowledge in the current audit environment, in
which the identification of the fraud risk factors by auditors is required by law or standards and emphasized. The
knowledge gained from this course, which regular auditing course do not fully cover due to limited time frame, should
be instrumental for the detection and deterrence of fraud in any types of audits.
ACC4210 International Accounting (3 Credits)
Prerequisites: ACC3202
The aim of the course is to provide the students with a basic understanding of why accounting practices differ in
different countries. In addition, it aims to get the students acquainted with the various aspects of harmonization for
diverse accounting procedures of different countries in order to make the students understand how companies
operating internationally cope with the accounting differences in countries across which they operate. Topics covered
will include role of IA in international business, comparative international FSA, transparency and disclosure, segment
reporting, foreign currency transactions and translation, accounting for price-level changes, corporate governance
and
control
of
global
operations,
budgeting
and
performance
evaluation.
ACC4211 Cases in Accounting (3 Credits)
Prerequisites: ACC3202 and 90 credits completed
This course provides students the opportunity to apply their knowledge and skills to address a series of real life issues
that have arisen in organizations. The variety of cases, in terms of issues addressed and different organizational
settings, provides the opportunity to accelerate learning in a manner not possible in real-life. Moreover, learning can
occur without the adverse consequences of real-life mistakes. Students can expect to develop and apply not only their
critical, analytical and decision-making skills but also those of written and oral communication.
ACC4216 Professional Auditing (3 Credits)
Prerequisites: ACC4203
This course extends and upgrades the knowledge obtained in Auditing AC4203 to a professional level, preparing
students for entry positions in the international Accounting Firms. The course is designed to enhance students’
knowledge of auditing procedures, auditing standards and other standards related to attest engagements and the
skills needed to apply that knowledge to auditing and other attest engagements.
ACC4220 Tax Planning (3 Credits)
Prerequisites: ACC3210
Tax planning is an advanced taxation course designed to provide in-depth knowledge of direct tax laws and their
impact on decision making. The course encompasses major components of international taxation such as the concept
of permanent establishment and the arm’s length principle, which are used for international tax planning schemes.
Also it discusses the difference between legitimate tax planning, tax avoidance and tax evasion as well as some tax
planning techniques for multinational enterprises. The course provides both theoretical and practical approaches.
Moreover with the purpose to illustrate the key concepts learnt case studies and juridical decisions would be used.
The course is aimed to prepare the students who are interested in becoming tax practitioners or tax advisers in their
future careers.
ACC4240 Taxation of Multinational Enterprises (3 Credits)
Prerequisites: ACC3205 or ACC3210
This course will address advanced areas of taxation, with a particular focus on the interpretation and application of
tax legislation in the international and comparative perspective. The class will review different areas of relevance to
the taxation of multinational enterprises, providing theoretical and practical guidance on how to navigate the complex
rules of different jurisdictions while managing tax opportunities and challenges. It will also review the tax attributes
of financial statements.
ACC4250 Credit Internship Program (6 Credits)
Prerequisites: 90 credits completed
An internship is working for a company and learning on-the-job. It is an opportunity to put into practice the
Accounting and Audit knowledge learned from classroom coursework.
ACC4275 Thesis (2 Credits)
Prerequisites: 105 credits completed
A thesis is a research work on a topic that is in the area of Accounting and Audit. Students will be supervised by
faculty members in the process. Further details on thesis requirements are provided under the KIMEP University
regulations on this matter.
ACC4277 State Examination (1 Credit)
Prerequisites: As per MES regulation
Students are required to take the state examination. Further details on this requirement are provided under the
KIMEP University regulations on this matter.