Finance | Kazakh-British Technical University

Finance

Finance 5В050900

Academic degree: Bachelor of Finance

A specialist with vast theoretical knowledge and skills of managing labour capital, planning financial flows and enterprise budgets, working out financial strategies, capable of analyzing the economic condition of the enterprise, comparing it with the arisen situation in the market, taking effective financial decisions, directed at gaining the company’s economic stability as well as skills of effective utilization of recourses and maximizing profit.

The objects of professional activity of the graduates are state organs of the republican and regional levels: RK Ministry of Finance, Ministry of Economics and Budget Planning, RK National Bank, RK National Commission on Securities, Economic departments of ministries and organizations, banks, stock markets, budgetary institutions and organizations, investment funds, fiscal and tax offices, insurance companies, juridical organs of different organizational and legal forms.

Whether someone goals are success in entrepreneurial finance, venture capital and real estate capital markets, corporate finance, or financial consulting, the finance program, is the key to career success. But student need knowledge to succeed and nowhere is that more true than in Finance. Our faculty is at the forefront of financial knowledge creation.

1^st - year	2^nd - year	Summer term	3^d - year	4^th - year
The English Language І(levels А2, В1, В2) The English language І(levels А2, В1, В2) English I – is an integral course of the English language that includes General English and Remedial Grammar for Pre-Intermediate, Intermediate и Upper-Intermediate levels. The course is focused on establishing and further developing the structure accuracy, vocabulary and language function competence by practicing language skills (listening, speaking, reading, and writing) in real-life contexts adjusted to students’ language proficiency level. The course is designed to raise the students’ language competence on the basis of such topics as: Student’s University life, the system of compulsory and higher education of Kazakhstan and in the country of the language studied. …The course is accompanied by intensive study/consolidation of main grammatical categories by means of training and communicative exercises.	Microeconomics Microeconomics This course is aimed at development of students` analytical thinking skills on the basis of understanding, application-oriented microcomputing and analysis of fundamental economic notions and terms: structure of market economies; individual and market demand on goods and services; market advancement of goods and services; mechanism of functioning and adjustment equilibrity at the markets for the goods and the markets of production factors; methods of profit and expenses analysis as a foundation of taking decisions in the context of market economy.	Management Management The main objective of the course is the acquaintance of students with the contemporary concepts, the problems and the types of management, which should help them to develop the skills in analysis of business organisations, both in terms of their internal functioning and interaction with the environment. The course provides an overview of the evolution of management, both in the field of theoretical developments, and in practice. It includes classical management theories and contemporary approaches to organisations and business. Special features and differences in the American and Japanese management are presented. The basic modules the of course are the functions and management structures, managerial processes and the interaction between the organisation and external environment. Particular emphasis is placed on controlling and monitoring in the organisation. The course also includes the elements of organisational behavior, corporate culture; the management of changes and development, management of human resources. New trends in management, in particular - management of knowledge are considered. To illustrate the application of theoretical concepts in practical business case studies are used as pertaining to both domestic and foreign practice.	Public economics (Taxes and taxation) Public economics (Taxes and taxation) The course "Taxes and taxation" introduces with the theoretical basis of taxes and taxation and the mechanism of the functioning of the taxes and other obligatory payments in the Republic of Kazakhstan is also taught. Within the framework of the course the following directions of the curriculum are used: theoretical aspects of the functioning and the development of taxes; the stages of formation and the development of tax system of the Republic of Kazakhstan; differentiation of taxes and duties between the levels of budgetary system; especially the functioning of the major groups of taxes in the tax system in Kazakhstan. The mechanism of calculation and payment, especially the use of special tax regimes for certain categories of taxpayers, calculation, duties and other obligatory payments, operating in Kazakhstan.	Political Science Political Science The course introduces the political problems of the social development. Students will be familiar with the history of political studies, political systems of the society, political processes, democracy, human rights, political socialization and elections, different political parties and organizations, etc. The course will develop political culture of prospective specialists.
Economics І Economics І The course is intended to acquaint students with an understanding of subtlety of modern economic life and the essence of observed social-economic events. The students will get acquainted with the notion, the subject, features and main instruments of the economic science, and the economic policy of the state. The course includes such topics as the basis of economic structure of the society, the property rights and types of economic systems, the commodity production and the market, the market and the conditions of its emergence, the theory of consumer behavior, the notions of demand and supply, the notion of the market efficiency, the theory of firm and form of production, the cost of production, the notion of free competition, imperfect competition, the monopoly, the theory of production and limited productivity of factors, and the market of factors of production.	Sociology І Sociology І Every person no matter what his/her profession is needs political knowledge and culture because living in a society he/she inevitably interacts with other people and the state. Without such knowledge a person might become subjected to manipulation by powers which are more active politically. Besides the course aims at studying the peculiarities of international and regional conflicts of the XX-beginning of the XXI centuries; explain the modern scientific and practical approaches to conflicts and problems of conflict resolution, and the roles of states, government and non-government organizations in this process.	Marketing Marketing The course introduces students to the basic concepts of marketing functions in organizations. While studying the subject future specialists develop analytical skills in applying the means and methods of marketing in practical activities of firms and companies. The main topics of the discipline are methodical and practical in nature, which are based on recent research of foreign experts. During the term, students will learn how to conduct market research, to make a marketing plan, to segment the market, to analyze the marketing activities of an organization, to solve specific situations (based on the proposed case studies), to conduct a situational analysis, to plan promotional activities, to develop e-commerce.	Econometrics Econometrics This course provides information on the theory of probability and mathematical statistics. Testing of statistical hypotheses. Properties of estimates: unbiasedness, efficiency, consistency. Errors of the first and second kinds. Selected characteristics. The method of least squares. Trend models. Simple regression models. The classical model of multiple linear regression. Gauss-Markov’s theorem. The statistical significance of regression coefficients. The coefficient of determination. The specification of variables. Multicollinearity. Autocorrelation. Heteroscedasticity. Nonlinear econometric models. The system of simultaneous equations.	Financial analysis (Fiscal accounting in accordance with the IFRS) Financial analysis (Fiscal accounting in accordance with the IFRS) This course also introduces the differences between management and other basic calculations - accounting and financial. After completing the course you will be able: to become a visionary expert in your approach to the management and evaluation of information related to the process of financial accounting. The course helps to establish the changes in the calculation of expenditures and profits, caused by changes in production levels of the enterprise, be actively involved in the process of planning the activities of the company, to assess effectively the performance of some subdivisions on a scale of enterprise, with greater efficiency to make an objective decision in situations where the activities of some subdivisions do not coincide with the objectives of the enterprise.
Mathematics for Economists 1 (Mathematic analysis АРТ) Mathematics for Economists 1 (Mathematic analysis АРТ) This course is designed to introduce the students to the basic ideas and methods of mathematical analysis and their application to mathematical modeling. This course helps lay the foundation for the entire block of quantitative disciplines, and it also provides some of the analytical tools that are required by advanced courses in economics. This course provides students with experience in the methods and applications of calculus to a wide range of theoretical and practical situations. This course is a two-semester course and prepares the students for the Advanced Placement Test. By the end of this course the students should: be able to analyse functions represented in a variety of ways: graphical, numerical, analytical, or verbal, and understand the relationships between these various representations. understand the meaning of the derivative in terms of a rate of change and local linear approximation, and be able to use derivatives to solve a variety of problems. understand the meaning of the definite integral both as a limit of Riemann sums and as the net accumulation of change, and be able to use integrals to solve a variety of problems. understand the relationship between the derivative and the definite integral, as expressed by the Fundamental Theorem of Calculus. be able to communicate mathematics in well-written sentences and to explain the solutions to problems. be able to model a written description of a simple economic or physical situation with a function, differential equation, or an integral. be able to use mathematical analysis to solve problems, interpret results, and verify conclusions. be able to determine the reasonableness of solutions, including sign, size, relative accuracy, and units of measurement. The following methods and forms of study are used in the course: lectures (2 hours a week) classes (1 hour a week, where the lecture material, unclear questions of each theme and home assignments are discussed) written home assignment	Money. Credit. Banks. Money. Credit. Banks. Essence and necessity of money. Money types and functions. Money circulation and its structure. Cash and non-cash operations and their components. Money supply and monetary base. Monetary system, its types and elements. Bimetallism and monometallism and their types. Monetary theories and their peculiarities. Essence and types of inflation. Social-economic repercussions and methods of tackling inflation. Monetary reforms in Kazakhstan. The notion of credit, its necessity. Forms and types of credit. Functions of credit. Credit system development history. Modern credit system and its structure. Essence and origin of banks. Central bank as the major element of the credit system. Peculiarities of organization of Central banks in developed countries. Banking system of the Republic of Kazakhstan, its structure and stages of development. Active and passive operations of commercial banks. Types of non-banking credit institutions. Monetary system and monetary relations. International monetary-crediting institutions, their operations and functions.		Economics of an enterprise Money. Credit. Banks. The course provides students with the knowledge of an enterprise as an object of management; with economic and social efficiency of production. During the term there are considered fixed and circulating capital, commodity, material and human resources, compensation, costs of production and sales, investment and innovation policy of a company. Particular attention is paid to marketing and production activities of enterprises, to ensuring the competitiveness of products. A detailed overview of the economic strategies of enterprises is provided. During classes students are given tasks on calculating profits and profitability, capacity of enterprises and production efficiency.	Financial management Financial management The purpose of this course is focused on the theoretical knowledge of financial management, as well as mastering the basic techniques and criteria for determining the efficient dividend, financial and investment decisions. This discipline is dedicated to the methods and concepts of financial management, including dividend policy, investment policy, and risk management, cost and capital structure, methods of financing of current capital, corporate restructuring. The purpose of Financial management is to enable to understand the financial decision-making process and to interpret the impact that financial decisions will have on value creation. The course introduces to the three major decision-making areas in financial management: the investment, financing, and asset management decisions. The course covers the major topics of working capital policy, capital budgeting, financing with debt and equity, and valuation.
Informatics Informatics The main objective of the course consists of providing substantial acquirement by students of basic education on the processes of receiving, data conversion, information storage and opinion formation on opportunity to analyze different questions, arising in a real activity on the basis of its description by formal and sign means. Mentioned objective can be achieved by practical mastery of technology statement and decision contents of algorythmic problems and acquisition of programming skills in C. Programming is considered as the main method of practical algorithm presentation. Taking into consideration abovementioned information, fundamental course on computer science includes the following branches: The principles of information data processing (information and forms of its presentation; numbering systems and data view; elements of logistics; computer architecture; fundamental functional units). Software (classification of software; file control system; operating systems (OS); main principles of work of OS with WIMP interface). Principles of algorithm presentation and programming (notion of algorithm; basic schemes of algorithm; toolbox; machine language C). Information technologies (text editors, electronic worksheets, DBMS; computer network).	Introduction to the philosophy of social sciences (Philosophy) Introduction to the philosophy of social sciences (Philosophy) The course aims at developing students' vitally meaningful benchmarks and foundations of world-view. The first part of the course provides information on the establishment and development of philosophy since the 5th century BC. The second part discusses modern philosophical concepts of the main parts of philosophy: ontology, epistemology, philosophy of history, philosophy of religion. Particular attention is paid to the philosophy of science and philosophy of technology.		Accounting Accounting The concepts and principles of accounting; qualitative characteristics of accounting information; financial statements and their elements; subject and method of accounting; objects that comprise the financial and economic activities; objects providing financial and economic activities; the concept of the balance sheet, structure and contents of the balance sheet, the main accounting equation; changes in the balance sheet; the concept of accounts; double entry system; synthetic and analytical accounting; classification of accounts; chart of accounts of organizations; documentation and paperwork; inventory; classical procedure of accounting; trial balance; accounting registers; methods correcting errors in accounting; international principles and accounting standards; accounting policies of an enterprise; accounting of cash and cash equivalents; accounts receivable; accounting of inventories, fixed assets accounting, recording of current and long-term commitments, account of capital in partnerships.	Investment financing and crediting Investment financing and crediting The essence of investment and economic content. Types and forms of investment. Objects and subjects of investment activities. Investment in fixed assets, and their structure. Investments in nonfinancial assets. The essence and the form of foreign investment. Investment policy, its types. Investment vehicle, its components. Sources of financing and lending investments. The main means of attracting foreign investment. State regulation of investment business in the Republic of Kazakhstan. Investment climate, and limiting factors. The essence and the types of investment project. Phases and stages of the project, examination procedure and methods of evaluating the effectiveness of investment projects. Specificity of crediting on investment projects. Nature and characteristics of project lending. Feasibility study of investment. Credit risks of investment projects. Loans for the second-tier banks of Kazakhstan for investment projects.
Statistics І Statistics І Aim, method, objectives of statistics, sources of statistical information, statistical key figures, distribution analysis, analysis of dynamics, statistical approach of cost-volume-profit CVP analysis, sampling analysis. Principles, object, method, structure and objectives of social-economic statistics (SES); main classifications of SES; system of national accounts (SNA); fundamental notions and terms of SNA; metrics of SES; demographic and human resources statistics; statistics of national wealth; classification of capital stock according to SNA; balance of capital stock; outcome production statistics of goods and services; calculation methodology on national measure of goods and services according to SNA; statistics of manufacturing efficiency; cost-of-living population statistics; economic content of input-output balance.	Macroeconomics Macroeconomics This course reveals the major macroeconomic problems such as inflation, unemployment, recession, trade deficit of countries. The student will get acquainted with the main indices that characterize these problems in economy, and acquire practical skills of working with them. The student will be able to analyze the country's economy using macroeconomic models. The course also reveals the characteristics of various economic trends.		State Regulation of Economics State Regulation of Economics Getting the system knowledge about the functions of the state and methods of state regulation in a modern market economy. The course aims at the formation of the students' holistic understanding of the basic forms and methods of state regulation that are used in the Kazakhstani and international practice. The main objectives of the course are: justification of the place and role of the public sector in economy; study of the peculiarities of functioning of the main subjects of state regulation; acquisition of knowledge on the bases of the economic policy of the state. evaluation of the impacts of individual forms and measures of state regulation; formation of students' skills in independent economic thinking.	Corporate finance Corporate finance The purpose of discipline - to prepare students to solve practical problems improvement in corporate finance. Students need to know: research of contemporary forms of associative unions of legal bodies, their basic characteristics and economic conditions of association of their finance (financial resources), the mastery of basic financial and economic categories, their characteristics and calculations, the basic elements of production (operating) power, influence scale production on the size and structure of the consolidated gross revenue corporation, to calculate the cost efficiency of financial and economic activities of the corporation, the characteristics of commercial, monetary and economic efficiency analysis and calculation of the profitability of corporate securities, the classification of securities portfolios and the minimization of risks, connected with financial investment corporation.
Intellectual history of Central Asia (including the History of Kazakhstan) Intellectual history of Central Asia (including the History of Kazakhstan) The course is aimed at historical studies of intellectual life of Central Asia and Kazakhstan from the earliest times up to our days. It can be done by the history dividing into several main periods taking into account primary factors that influence the character of intellectual life. Discussion of ancient periods of regional intellectual life had begun since the period when Zoroastrian religion was predominant in the wide territory of Eurasia. Zoroastrian ideas are described in the Sacred Book “Zend-Avesta” about the influence of intellectual life on ancient societies of Central Asia and Kazakhstan, such as the Saks, the Scythians, the Ussuns and their polities. This ancient period of intellectual life was succeeded by the period “Knowledge retrieval”, in the framework of which the pre-Islamic period of Central Asia and Kazakhstan can be analysed. Knowledge eclecticism is defined by the intellectual life of nationalities and their religious beliefs during that period: Zoroastrianism was not a predominate religion and the other religions were widespread and accepted by local communities. Turkic empire and the first Turkic speaking states represented this period and the intellectual life of this period was described in the Turkic runic inscriptions and the Uigur manuscripts. Different branches of the intellectual life of Central Asia and Kazakhstan, such as philosophy, art, literature, etc., were developed during the major Muslim period. The last period of the intellectual life could be characterized as a period of modern age and development of industrial society and spreading contemporary progress and enlightenment ideas. The most important periods of intellectual life development of Central Asia and Kazakhstan can be analysed on the basis of definite pieces of work which give concepts of spiritual life during different periods. Analysis and discussion of texts will be the most important method of teaching. Therefore, it will reflect contemporary research devoted to Central Asia in the field of cultural anthropology, political philosophy and history.	Finance Finance The course introduces the principles of financial categories, notions, terms, their classification, meaning and place in the social-economic processes. The objectives of the course are studying the nature of finances, peculiarities of their functioning, possible interconnections and interaction of various financial organization forms and methods of their application in various contexts of social-economic development of the society.		Banking Banking Banking is a theoretical course with practical aspects of organizing an effective system of banking management. It is designed for students specializing in "Finance", for their future work in the bank business. The course covers the general principles of commercial bank management. The discipline is focused on actual issues of financial management - management of the bank capital, its resources, integrated management of assets and liabilities. For studying this course it’s important to know the analysis of bank financial accounts, as well as analysis and evaluation of banking transactions in terms of liquidity, profitability and risk.	Elective courses (M) – 12 credits
The Kazakh/Russian language The Kazakh/Russian language The Kazakh language This course is suggested for students of the Russian Department according to three levels: elementary, intermediate and advanced. The course is aimed at developing basic skills of the Kazakh language necessary for communication at an elementary level; students should develop linguistic and communicative competences in the framework of the basic speech branches (social, social and political, cultural and educational) at an intermediate level. Students can master different genres of belles-lettres, scientific and publicistic styles and develop their skills on précis-writing, summary-writing, and reviewing. Teaching is based on pragmatic, interactive and communicative approaches necessary for mastering the language using contemporary technical equipment and methods of teaching. The Russian language This course is suggested for students of the Kazakh Department according to two levels: intermediate and advanced. The course is aimed at developing linguistic and communicative competences in the framework of the basic speech branches (social, social and political, cultural and educational) at an intermediate level and mastering different genres of scientific style at an advanced level. Students should develop their skills on précis-writing, scientific article writing, summary-writing, reviewing and on work with academic literature; improve speaking; and master skills on data retrieval of different topics (for example, Internet and etc.) in the framework of this course. A special attention is paid to elaboration and presentation of different types of information. Teaching is based on pragmatic, interactive and communicative approaches necessary for mastering the language using contemporary technical equipment and methods of teaching.	Science of Law Science of Law The course gives an idea of general and special parts of law. The first part sets out the issues of state and law, rules and legal system, legal behavior. The second part teaches the knowledge on various branches of law: constitutional, civil, administrative, labor, family, financial, criminal and environmental ones.		Elective courses (M) – 3 credits
English ІІ (levels В1,В2) English ІІ (levels В1,В2) Prerequisites: ENG 121-123 English for Academic Purposes, 3 credits The course is offered to students of Intermediate level. It is designed to raise the students’ language competence to the required international standards of academics and future professional needs. The course requires regular guided practice for all four skills (listening, speaking, reading and writing) under the teacher’s supervision. The course concentrates on teaching written and spoken expression that is precise and demonstrates higher level thinking skills. Academic English has its own vocabulary and special characteristics that distinguish it from General or Professional English. Business English (level В2), 3 credits The course is offered to students of Upper-Intermediate level. It is designed to raise the students’ language competence to required standards of academics and future professional needs in the business world. The course is focused on developing analytical reading skills, dealing with business correspondence, speaking and listening integrated with Business English content. The students will also work as a team on a semester business project. English for Specific Purposes (level В2), 3 credits The course is designed for students of Upper-Intermediate level. It is designed to raise the students’ language competence in their respective fields of study: Economics and Finance, Oil and Gas Engineering and Information Technology. The course is focused on developing advanced reading, writing, listening and speaking skills and provides opportunities for building up professional vocabulary and Upper-Intermediate level grammar. Types of academic, business and technical discourse will be studied to show students how to use diverse resources. Students will learn a variety of patterns for communicating in professional settings and develop appropriate communication behavior skills. The semester project will include writing a research paper on a professional topic.	Elective courses (O) – 6 credits		Elective courses (F) – 12 credits
Elective courses (O) – 3 credits	Elective courses (F) – 15 credits
Elective courses (F) – 9 credits

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