МАГИСТРАТУРА

2015-2016оқу жылына арналған ЭЛЕКТИВТІ ПӘНДЕРДІҢ КАТАЛОГІ

КАТАЛОГ ЭЛЕКТИВНЫХ ДИСЦИПЛИН

на 2015-2016 учебный год

Алматы 2015

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CONTENTS

Specialty 6М050900-«Finance» (profile direction)

Duration:1 yearThe academic degree – Master of economics and business

Specialty 6М050900-«Finance»

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Name of the discipline

1 2 3 4 5 6Basic disciplines: elective components – 3 credits

1 1 2 3 BPF 5204 Budget planning and forecastingFEP 5204 Financial enterprise policy

1 1 1 2MWPMT 5205

Methods of writing and preparation of master thesis

OPSR 5205 Organization and planning of scientific researchProfile disciplines: elective components – 9 credits

1 1 2 3 FMC 5302 Fiscal (tax) management companyITP 5302 International tax planning

1 1 1 1.5FIS 5303 Finance of Islamic countries

FIIE 5303 Financial instruments of Islamic economy

1 1 2 3 FIM 5304 Financial institutions ManagementFRS 5304 Financial regulation and supervision

1 1 2 3 FMFE 5305 Financial markets and financial engineeringDer 5305 Derivatives

1 1 2 3 IFRAS 5306 International financial reporting and audit standardsNFRS 5306 National financial reporting standards

BASIC DISCIPLINES

BPF 5204 Budget planning and forecastingCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Finance (bachelor degree).Post-requisites: Final examinationAim: To uncover theoretical basis for budget forecasting and planning.Content: The content is about theoretical knowledge formation about the budgeting’ content, conditions and implementation skills organization of budgetary control, the ability to apply to the company, a bank and other financial institutions.The main areas of discipline study include the study of modern organization methods in financial planning, the study of technology and the main budget formation, which is follow-up, and analysis of the implementation of strategic objectives, obtaining practical skills to independently form budgets, based on the characteristics of a specific object managementCompetencies:

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To know: theoretical basis for budget forecasting and planning; system of budget forecasting and planning, goal-setting principles, types and methods of planning and budgeting; variety of budgets; model of the formation of the financial structure.To be able: calculate and analyze key performance indicators of the company (bank, financial institution), to make informed decisions on the basis of management accounting operations planning organization (bank, financial institution), to carry out the development of private budgets organization (bank, financial institution); breakeven analysis organization, the use of alternative methods of planning organization (bank, financial institution).To seize skills: to use methods of implementation of the basic management functions (decision making, organization, motivation and control) the information necessary to create a system of budget management in the organization; methods of cost management.

FEP 5204 Financial enterprise policyCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Finance (bachelor degree).Post-requisites: Final examinationAim: the acquisition of knowledge in the field of economic categories and concepts of business firms and formation of master students ‘independent economic thinking and the ability to determine the best options for solutions in a modern market economic environment.Content: general characteristics, place and role of the enterprise in the market economic environment. Development of the concept of financial management of the enterprise, providing a combination of high yield and low risk; identification of the main financial resources for the current period (month, quarter) and the future (a year or longer period), taking into account the plans of enterprises and commercial activities; practical achievement of this goal, as financial analysis and control, choice of methods of financing, economic evaluation of investment projects.Competencies:To know: the essence of economic mechanism of the enterprises in the market economy; economic content of the work; principles of the volume of activity;To be able: calculate indicators characterizing the resource potential and firm performance, their future competitiveness and modern values of funds;To seize skills: organization, regulation, performance and remuneration; order of formation of financial results; approaches to evaluating the effectiveness of economic activity.

MWPMT 5205 Methods of writing and preparation of master thesisCredits RK: 1 Credits ECTS: 2 Term: 1Prerequisites: Bachelor Final work Post-requisites: Final examinationAim: Expand method of writing and preparation of master's thesis-a scientific discipline in which specially paid attention to the problems, aspects, laws, principles, trends, techniques required to conduct research and development in the field of finance. Content: Methods of writing and preparation of master's thesis-a scientific discipline in which specially paid attention to the problems, aspects, laws, principles, trends, techniques required to conduct research and development in the field of finance. Methodology and methods of scientific research. Questions about the methodological conception of the study and ranking of its basic stages, the overall logic progress of scientific research and its structural elements. Organization of scientific research methods, methods of search sources containing scientific and technical information relating to the study. Rules, regulations, requirements for registration papers. Making structural parts of scientific papers, the text elements (headings, writing formulas, design tables, writing numbers and physical quantities, design illustrations, etc.), general requirements for scientific papers, presentation and style of the text, etc. Preparation of applications for research grants in various funds.

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Competencies:To know: the organization of scientific research methods, methods of search sources containing scientific and technical information relating to the study. To be able: search, analysis, structuring and presentation of information; perform settlement and graphic works; analyze scientific publications on predetermined subject teacher; statistical and factual materials on given topic, carrying out calculations on the basis of statisticsTo seize skills: use quantitative and qualitative methods for research and business process management; possession methods of strategic analysis; ability to prepare analytical materials for the management of business processes and evaluate their effectiveness.

OPSR 5205 Organization and planning of scientific researchCredits RK: 1 Credits ECTS: 2 Term: 1Prerequisites: Bachelor Final work Post-requisites: Final examinationAim: Expand methods of scientific knowledge, scientific methods, and methods of theoretical and empirical knowledge. Content: The concept of methodology and method. Methods of scientific knowledge. Scientific methods. Methods of theoretical and empirical knowledge. Nature of scientific knowledge. Classification of research methods. Philosophical and scientific methods of research. Private and special methods of scientific research. The structure and content of the stages of the research process. Empirical and theoretical research stages. Application of logical laws and regulations. Terms of argumentation. Requirements truth, autonomy, contradictory, adequacy arguments. Proof. Confirmation or refutation of the theoretical arguments put forward positions. The structure of the research work. Educational activities in science and shape their theoretical understanding. Specificity of scientific knowledge and science as a social and cultural phenomenon. Form a theoretical understanding of cognitive science in action. Scientific research in the methodological understanding. Substantive elements of scientific research. Procedural elements of scientific research. Competencies:To know: methodology and methods of scientific knowledge; scientific methods; methods of theoretical and empirical knowledge. To be able: summarize and critically evaluate the results obtained by domestic and foreign researchers; identify and formulate relevant scientific problems; justify the relevance of theoretical and practical significance of the chosen topic of scientific research To seize skills: to conduct independent research in accordance with our program; present the results of the study in the form of a scientific report, article or report.

PROFILE DISCIPLINES

FMC 5302 Fiscal (tax) management companyCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Finance (bachelor degree).Post-requisites: Final examinationAim: Expand tax management in the company -management fees, carried organizations taxpayers in the macroeconomic environment in which they implement their production capabilities.Content: Tax Management in the company -management fees, carried organizations taxpayers in the macroeconomic environment in which they implement their production capabilities. Tax management organization process. Forms and methods of tax regulations are different in the public and corporate tax management. Tax management in multinational companies. Financial planning company. Tax optimization of business-projects. Taxation of the participants of foreign economic activity and capital movements. Special tax regimes and special economic zones.

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Taxation of Kazakh investors abroad. Shadow financial processes in companies. Financial and tax planning. Organization and information-analytical support of tax management in the company. Optimization of taxation in the organization. Tax risks in the risk management system. Business Valuation and property for tax purposes.Competences:To know: the basic provisions of the tax legislation of the tax system, the calculation and payment of certain taxes, forecasting and planning of tax revenues to the budgets of different levels, the definition of the tax burden of the taxpayer, to be able to apply them in practice.To be able: to forecast and plan tax deductions, organize the adoption of effective management decisions to minimize tax costs, reduce their impact on the financial condition of the organization, the taxpayer.To seize skills: be promptly and competently control and accounting records of tax payments in accordance with the current legislation, as well as information on cash flows, use of information technology in taxation.

ITP 5302 International tax planningCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Finance (bachelor degree).Post-requisites: Final examinationAim: to study the theory and practice of international tax planning, especially its application under the existing tax and customs legislation; mastering the skills of practical calculations of specific types of taxes, and their optimization; study of the various instruments of tax effects, the study of tax, customs and civil laws and inter national tax treaties.Content: The essence of the state tax management. Corporate tax management. Corporate tax planning. Tax budgeting and tax budget of the organization. International tax planning and forecasting as elements of the tax mechanism. The essence of international tax planning. International tax treaties and their role in international tax planning. Offshore business. Scheme offshore operations. Transfer pricing in international tax planning. Competences:To know: the theory of taxation; principles of taxation: modern and classic; the nature and function of taxes; tax policy; tax mechanism; mechanisms of construction and collection of taxes on income, indirect taxes, property taxes, et.To be able: calculate the amount of tax; tax breaks, the main tax incentives, the use of tax-based management; methods of tax control, methods of strategic and tactical management of tax payments; use methods of international tax planning, as a major factor optimization of tax payments; application of the functioning of the major groups, the mechanism of calculation and payment, especially the application of tax benefits.To seize skills: application of the tax potential of economic entities in the process of international tax planning.

FIS 5303 Finance of Islamic countriesCredits RK: 1 Credits ECTS: 1,5 Term: 1Pre-requisits: Finance (bachelor program)Post-requisits: Final attestationObjective: The study of nature and specific features of Islamic finance and their role in regulation of social and economic processes of the Islamic states.Contents: Introduction to Islamic economics. Prohibition of Riba in Islam. Fundamentals of Islamic finance. The distribution of income and factor productivity in Islam. Islamic financial institutions worldwide. Bai - Buying and selling: the basic rules and variations of sale. Buying and selling in Murabaha: Murabaha basic features. Murabaha - financial model. The steps related to Murabaha sales model. Shariah compliant products and Murabaha. Musharaka and Mudarabah as a form of Islamic finance: basic rules and features. Distribution of profits and losses in Musharaka and Mudarabah.Competencies:

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To know: theoretical foundations of Islamic finance functioning, essence of formation of budget system and budgetary system in Islamic States; role of public funds to implement the objectives of social policy, solving the problems of social security and social welfareTo be able to: describe the specifics of the Islamic loan capital and the organization of insurance business in Islamic countries; analyze the work of Islamic funds and investmentsSkills: perception of innovation, understanding of the multiplicity of possible solutions and the need to find optimal solutions to the issues of Islamic finance.

FIIE 5303 Financial instruments of Islamic economyCredits RK: 1 Credits ECTS: 2 Term: 1Pre-requisits: Finance (bachelor program)Post-requisits: Final attestationObjective: Establish the system of knowledge in field of the new economic, financial and other instruments to create a sustainable socio-economic model of development of the state and society - Islamic finance.Contents: Fundamentals of Islamic finance. The distribution of income and factor productivity in Islam. The mechanism of Islamic Finance: Musharaka and Mudarabah, basic rules and features. Distribution of profits and losses in Musharaka and Mudarabah. The scale of decrease in Musharaka: determination of rent on a scale of decreasing Musharaka. Scale decreasing Musharaka as the ideal Islamic home financing product. Bai - Buying and selling: The basic rules and variations of sale; Shariah compliant products and Murabaha. Making legal documents when signing the contract model Murabaha. Murabaha in international trade. Practical aspects and problems of Murabaha: Ijarah (Islamic leasing): Work of Islamic Funds and Investments. Islamic financial institutions worldwide. Islamic Banking. World Indices of Islamic finance.Competencies:To know: the theory of Islamic finance. The essence of Islamic banking and basic rules and variety of products of Islamic finance, the work of Islamic investment funds and own terminology and scientific apparatus of Islamic finance;To be able to: characterize the instruments of Islamic finance; define instruments of Islamic finance: to analyze the work of Islamic funds and investmentSkills: perception of innovation, understanding of the multiplicity of possible solutions and the need to find optimal solutions to the issues of Islamic finance.

FIM 5304 Financial institutions ManagementCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Macroeconomics (bachelor degree).Post-requisites: Final examinationAim: Expand the methodology and principles of management of financial institutions.Content: Methods and principles of management of financial institutions. Composition, structure and mechanism of the stock market in modern conditions. Range of traded financial instruments. Their ability to attract investment in the real economy. Composition and structure of the financial market. World trends in the financial market, the stock market place in the financial market, the value of the financial market in attracting financing for enterprises. Composition of professional stock market participants. Function and mechanism of interaction of professional participants with issuers and investors in the transactions with securities. Risk and return securities. Identification of factors affecting the price of bonds, select the type of bonds to form an investment portfolio.Competences:To know: the methodology and principles of management of financial institutions, the composition, structure and mechanism of the stock market in the present conditions , the spectrum of traded financial instruments.

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To be able: reveal global trends of financial market development , to determine the place of the stock market in the financial market , the value of the financial market in attracting financing for enterprises .To seize skills: calculating the risk and return of securities to identify the factors influencing the price of bonds , select the type of bonds to form an investment portfolio

FRS 5304 Financial regulation and supervisionCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Macroeconomics (bachelor degree).Post-requisites: Final examinationAim: To study the legislative and regulatory framework of the financial sector; Prudential, currency, monetary, as well as regulation of payments and money transfers in the country; organization and conduct of the auditor financial institutions. Content: The purpose and need for financial regulation and supervision. Theory of regulation of financial institutions. State regulation and supervision of banking activities. Control and supervisory functions of the NBK. Prudential standards as instruments of regulation and supervision of financial institutions. Monetary control. Currency regulation and currency control. Regulation of payments and money transfers. Rating System classification evaluation of financial institutions and the analysis of its key indicators. The Basel Committee on Banking Supervision. Foreign experience in banking supervision. Supervisory practices in the EU. Organization audits of financial institutions. Audit constituent documents of financial institutions. Audit operations of financial institutions.Competences:To know: the theoretical foundations of financial regulation and supervision, methods of banking supervision; the role and importance of legislative regulation and supervision of financial institutions; economic content and methods of banking regulation; efficiency of financial institutions; activities of the National Bank of Kazakhstan as the main regulator of the financial system; possible orientation of bank cash flows in the real economy; Basel Principles for Effective Banking Supervision; particular audit procedures in financial institutions.To be able: apply the knowledge in the practice of the financier; model and predict the relationship between economic entities on the scale of the modern credit system; assess the place of any financial credit institutions in the financial institutions and banks. To seize skills: independent and consistent application of analytical tools to analyze and audit of banking operations at the micro and macro levels; constructing logical conclusions sustained by the survey results.

FMFE 5305 Financial markets and financial engineering Credits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Financial management(bachelor degree).Post-requisites: Final examinationAim: Expand the concept of financial engineering and innovative instrument financial market.Content: The concepts of financial engineering and innovative tool of the financial market. Basic tools of financial engineering. Concept of financial engineering, debt instruments. Emission characteristics of short-term corporate bonds. Specificity issue derivative financial instruments. Emission characteristics of options. Option of the issuer: the concept of the order placement. Implementing option programs: detailed characteristics. The concept and mechanism of securitization of financial assets. Portfolio of securities. Derivative securities. Organization and functioning of the stock exchange mechanism. OTC securities market. International securities market. Principles and concepts of financial engineering. Financial engineering instruments. The strategy of financial engineering instruments of financial engineering that arise in asset securitization. Financial engineering opportunities in Kazakhstan conditions.Competences:

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To know: The essence and meaning of financial engineering and innovative tool of the financial market. Basic tools of financial engineering. Concept of financial engineering, debt instruments.To be able: Opening mechanisms securitization of financial assets. Apply basic formula asset management using a portfolio of securities.To seize skills: calculating the risk and return of securities to identify the factors influencing the price of bonds, select the type of bonds to form an investment portfolio

Der 5305 DerivativesCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Financial markets and intermediaries (bachelor degree).Post-requisites: Final examinationAim: Expand the main types of derivatives.Content: The main types of derivatives. Derivatives in the economy. Forwards. Swaps. Credit derivatives. Futures contracts. Futures on stocks, stock indices and currencies. Interest rate futures. Stock options. Border premiums (prices) of stock options. Greeks: sensitivity coefficients Prize. Option strategies. Binomial trees. Wiener processes and Ito's lemma. Model Black-Scholes- Merton. Exotic derivatives. Weather derivatives. Principles and methods of financial risk management through the use of derivatives. Key financial indicators derivatives market. Forms of work in the derivatives market. The role of derivatives in the world market. Types of derivatives markets.Competences:To know: The main types of derivatives. Derivatives in the economy. Forwards. Swaps. Credit derivatives. Futures contracts. Futures on stocks, stock indices and currencies.To be able: Expand the global trends in the financial market, the stock market place in the financial market, the value of the financial market in attracting financing for enterprises .To seize skills: Calculation of key financial indicators derivatives market. Forms of work in the derivatives market.

IFRAS 5306 International financial reporting and audit standardsCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Accounting, Financial analysis reporting (bachelor degree).Post-requisites: Final examinationAim: Expand the process of the main indicators of financial statements, traditional and special methods of economic analysis. Content: The formation of the main indicators of the financial statements. Traditional and special methods of economic analysis. Basis of preparation and financial reporting. Basis of preparation of financial statements. Recognition of elements of financial statements. Requirements for IFRS. Structure of the report on the money. Accounting for inventory accounting of fixed assets, investment property accounting, the accounting for financial assets. Audit of the financial (accounting) statements of the entities, the system of international auditing standards. Goals, objectives, methodology, audit tools. Unlike international standards of Kazakhstan. Practical aspects of the auditing standards. Regulatory framework regulating the auditing activities. Content classification and characteristics of major groups of standards. The role of professional organizations in the regulation of the international audit. Contact inter national auditing standards with national standards. Legal principles affecting the responsibility of the international audit civil liability, criminal liability, third party liability. Stages of organization and international audits. Concept of quality audit sand methods of its software.Competences:To know: the basic financial statements. Traditional and special methods of economic analysis. Basis of preparation and financial reporting.

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To be able: distinguish inter national standards of Kazakhstan. Practice the underlying assumptions and qualitative characteristics of financial statements; produce aggregation in financial reporting; make the accounting policies under IFRS; apply professional judgment.To seize skills: preparation of basic financial statements; apply the method sand procedures for the preparation of consolidated financial statements; make adjustment postings in the transformation of the financial statements.

NFRS 5306 National financial reporting standardsCredits RK: 2 Credits ECTS: 3 Term: 1Prerequisites: Accounting, Financial analysis reporting (bachelor degree).Post-requisites: Final examinationAim: formation of theoretical knowledge and practical skills in accounting methodology and accounting organization of companies of different ownership forms, preparing financial statements and use of accounting in formation generated by the requirements of the NFR. Sin order to make effective management decisions.Content: Features of accounting NFRS. Characteristics chart of accounts. Business transactions in the accounts: Current assets, long-term assets, current liabilities, long-term liabilities and equity, revenues, expenses, bills of cost accounting. Short circuit accounting for certain types of activities: accounting barter transactions, accounting hospitality, accounting leases, integration of trade activity in small and medium-sized businesses.Competences:To know: Principles and organization of accounting and reporting on the NOFA, especially for small and medium businesses, and their specialties, formation and use of accounting information in order to manage the company.To be able: prepare analytical materials for evaluation of activities in the field of economic policy and strategic decision-making in the corporate business; analyze and use different sources of information for economic calculations; to forecast the main socio-economic performance of the corporation.To seize skills: the ability-to improve and develop their intellectual and cultural level; independently acquire and use to practice new knowledge and skills; take organizational and administrative decisions and take responsibility for them; lead economic departments and divisions in companies of various forms of ownership; research skills to develop modern forms of financial accounting and reporting of corporate business.

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Specialty 6М050900-«Finance»(scientific and pedagogical direction)

Duration: 2 yearsThe academic degree: Master of Economic Science

Specialty 6М050900-«Finance»

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Basic disciplines: elective components – 12 credits

1 1 2 3 BPF 5205 Budget planning and forecastingFEP 5205 Financial enterprise policy

2 3 1 2 MSR 6206 Мethodology of scientific researchOPSR 6206 Organization and planning of scientific research

1 1 2 3 FIM 5207 Financial institutions ManagementFRS 5207 Financial regulation and supervision

1 1 2 3 FMFE 5208 Financial markets and financial engineeringDer 5208 Derivatives

1 1 2 3 ISFRA 5209 International Financial Reporting and Audit StandardsNFRS 5209 National financial reporting standards

1 1 2 3 FMC 5210 Fiscal (tax) management companyITP 5210 International tax planning

1 1 1 1,5FIC 5211 Finance of Islamic countries

FIIE 5211 Financial instruments of Islamic economy

Profile disciplines: elective components – 20 credits2 3 1 1,5 FM 5302 Financial Management(advanced course)

MF 5302 Managerial Finance1 2 2 3 IFM 5303 International Financial Management

IF 5303 International Finance1 2 2 3 SBM 5304 Strategicbank management

MFS 5304 Management in financial services1 2 2 3 HFR 5305 Hedging of financial risks

RMPA 5305 Risk management: practical aspect

1 2 2 3FDRK 5306 Foreign debt of the RK

ARF 5306 State reserve funds

1 2 2 3DFEAE 5307

Diagnostics financial and economic activity of the enterprise

FABV 5307 Financial aspects business valuation1 2 2 3 FACR 5308 Financial aspects of the company restructuring

FMAT 5308 Financing of M&A transactions

1 2 2 3TFAPPP 5309

The financial aspects of public-private partnerships

IPPPP 5309 Investment projects of public-private partnerships

1 2 2 3 BPIP 5310 Business planning innovative projectsIVCM 5310 Innovation and venture capital management

2 3 2 3FA 5311 Financial Analysis (Advanced course)FADM 5311

Financial Accounting for Decision making

2 3 1 2 PI 5312 Portfolio investmentEB 5312 Exchange business

BASIC DISCIPLINES

BPF 5205 Budget planning and forecastingCredits RK:2 Credits ECTS: 3 Term: 1

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Prerequisites: Corporate finance (bachelor degree)Post-requisites: Business planning of innovation projects, Final examinationAim: To uncover theoretical basis for budget forecasting and planning.Content: The content is about theoretical knowledge formation about the budgeting’ content, conditions and implementation skills organization of budgetary control, the ability to apply to the company, a bank and other financial institutions.The main areas of discipline study include the study of modern organization methods in financial planning, the study of technology and the main budget formation, which is follow-up, and analysis of the implementation of strategic objectives, obtaining practical skills to independently form budgets, based on the characteristics of a specific object managementCompetencies:To know: theoretical basis for budget forecasting and planning; system of budget forecasting and planning, goal-setting principles, types and methods of planning and budgeting; variety of budgets; model of the formation of the financial structure.To be able: calculate and analyze key performance indicators of the company (bank, financial institution), to make informed decisions on the basis of management accounting operations planning organization (bank, financial institution), to carry out the development of private budgets organization (bank, financial institution); breakeven analysis organization, the use of alternative methods of planning organization (bank, financial institution).To seize skills: to use methods of implementation of the basic management functions (decision making, organization, motivation and control) the information necessary to create a system of budget management in the organization; methods of cost management.

FEP 5205 Financial enterprise policyCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Corporate finance (bachelor degree)Post-requisites: Diagnostics financial and economic activity of the enterprise, Final examinationPost-requisites: Diagnostics financial and economic activity of the enterprise, Final examinationAim: the acquisition of knowledge in the field of economic categories and concepts of business firms and formation of master students ‘independent economic thinking and the ability to determine the best options for solutions in a modern market economic environment.Content: general characteristics, place and role of the enterprise in the market economic environment. Development of the concept of financial management of the enterprise, providing a combination of high yield and low risk; identification of the main financial resources for the current period (month, quarter) and the future (a year or longer period), taking into account the plans of enterprises and commercial activities; practical achievement of this goal, as financial analysis and control, choice of methods of financing, economic evaluation of investment projects.Competencies:To know: the essence of economic mechanism of the enterprises in the market economy; economic content of the work; principles of the volume of activity;To be able: calculate indicators characterizing the resource potential and firm performance, their future competitiveness and modern values of funds;To seize skills: organization, regulation, performance and remuneration; order of formation of financial results; approaches to evaluating the effectiveness of economic activity.

MSR 5206 Methodology of scientific research Credits RK: 1 Credits ECTS: 2 Term: 3Prerequisites: Bachelor Final work Post-requisites Final examinationAim: knowledge of undergraduates studying economic processes methodology for self-application methods, analysis methods and tools in the process of writing a thesis.

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Content: Economicsas a science, methodological bases of research, topic selection and planning of scientific research, search, storage, and processing of scientific information, setting goals and tasks of scientific research, analysis of categorical apparatus and practical material, SWOT-analysis, the use of statistical data in the scientific study, building charts, graphs, figures, tables, models, completion and execution of researchCompetencies:Master students must be competent in decision-making on major issues of economic development, to respond to rapidly changing market conditions, intelligently analyze the situation and make rational decisions quickly.

OPR 5206 Organization and planning of scientific researchCredits RK: 1 Credits ECTS: 2 Term: 3Prerequisites:Bachelor Final work Post-requisites:Final examinationAim: Expand methods of scientific knowledge, scientific methods, and methods of theoretical and empirical knowledge. Content:The concept of methodology and method. Methods of scientific knowledge. Scientific methods. Methods of theoretical and empirical knowledge. Nature of scientific knowledge. Classification of research methods. Philosophical and scientific methods of research. Private and special methods of scientific research. The structure and content of the stages of the research process. Empirical and theoretical research stages. Application of logical laws and regulations. Terms of argumentation. Requirements truth, autonomy, contradictory, adequacy arguments. Proof. Confirmation or refutation of the theoretical arguments put forward positions. The structure of the research work. Educational activities in science and shape their theoretical understanding. Specificity of scientific knowledge and science as a social and cultural phenomenon. Form a theoretical understanding of cognitive science in action. Scientific research in the methodological understanding. Substantive elements of scientific research. Procedural elements of scientific research. Competencies:To know: methodology and methods of scientific knowledge; scientific methods; methods of theoretical and empirical knowledge. To be able: summarize and critically evaluate the results obtained by domestic and foreign researchers; identify and formulate relevant scientific problems; justify the relevance of theoretical and practical significance of the chosen topic of scientific research To seize skills: to conduct independent research in accordance with our program; present the results of the study in the form of a scientific report, article or report.

FIM 5207 Financial institutions ManagementCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Management(bachelor degree)Post-requisites: International Financial Management, International Finance, Final examinationAim: Expand the methodology and principles of management of financial institutions.Content: Methods and principles of management of financial institutions. Composition, structure and mechanism of the stock market in modern conditions. Range of traded financial instruments. Their ability to attract investment in the real economy. Composition and structure of the financial market. World trends in the financial market, the stock market place in the financial market , the value of the financial market in attracting financing for enterprises . Composition of professional stock market participants . Function and mechanism of interaction of professional participants with issuers and investors in the transactions with securities. Risk and return securities. Identification of factors affecting the price of bonds, select the type of bonds to form an investment portfolio.

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Competences:To know: the methodology and principles of management of financial institutions, the composition, structure and mechanism of the stock market in the present conditions , the spectrum of traded financial instruments.To be able: reveal global trends of financial market development , to determine the place of the stock market in the financial market , the value of the financial market in attracting financing for enterprises .To seize skills: calculating the risk and return of securities to identify the factors influencing the price of bonds , select the type of bonds to form an investment portfolio

FRS 5207 Financial regulation and supervisionCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Management(bachelor degree)Post-requisites: International Financial Management, International Finance, Final examinationAim: To study the legislative and regulatory framework of the financial sector; Prudential, currency, monetary, as well as regulation of payments and money transfers in the country; organization and conduct of the auditor financial institutions. Content: The purpose and need for financial regulation and supervision. Theory of regulation of financial institutions. State regulation and supervision of banking activities. Control and supervisory functions of the NBK. Prudential standards as instruments of regulation and supervision of financial institutions. Monetary control. Currency regulation and currency control. Regulation of payments and money transfers. Rating System classification evaluation of financial institutions and the analysis of its key indicators. The Basel Committee on Banking Supervision. Foreign experience in banking supervision. Supervisory practices in the EU. Organization audits of financial institutions. Audit constituent documents of financial institutions. Audit operations of financial institutions.Competences:To know: the theoretical foundations of financial regulation and supervision, methods of banking supervision; the role and importance of legislative regulation and supervision of financial institutions; economic content and methods of banking regulation; efficiency of financial institutions; activities of the National Bank of Kazakhstan as the main regulator of the financial system; possible orientation of bank cash flows in the real economy; Basel Principles for Effective Banking Supervision; particular audit procedures in financial institutions.To be able: apply the knowledge in the practice of the financier; model and predict the relationship between economic entities on the scale of the modern credit system; assess the place of any financial credit institutions in the financial institutions and banks. To seize skills: independent and consistent application of analytical tools to analyze and audit of banking operations at the micro and macro levels; constructing logical conclusions sustained by the survey results.

FMFE 5208 Financial markets and financial engineeringCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Finance , Financial management (bachelor degree)Post-requisites: International Financial Management, Management in financial servicesPostrequisites: Final examinationAim: Expand the concept of financial engineering and innovative instrument financial market.Content: The concepts of financial engineering and innovative tool of the financial market. Basic tools of financial engineering. Concept of financial engineering, debt instruments. Emission characteristics of short-term corporate bonds. Specificity issue derivative financial instruments. Emission characteristics of options. Option of the issuer: the concept of the order placement. Implementing option programs: detailed characteristics. The concept and mechanism of securitization of financial assets. Portfolio of securities. Derivative securities. Organization and functioning of the stock exchange mechanism. OTC securities market. International

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securities market. Principles and concepts of financial engineering. Financial engineering instruments. The strategy of financial engineering instruments of financial engineering that arise in asset securitization. Financial engineering opportunities in Kazakhstan conditions.Competences:To know: The essence and meaning of financial engineering and innovative tool of the financial market . Basic tools of financial engineering . Concept of financial engineering, debt instruments.To be able: Opening mechanisms securitization of financial assets . Apply basic formula asset management using a portfolio of securities .To seize skills: calculating the risk and return of securities to identify the factors influencing the price of bonds, select the type of bonds to form an investment portfolio

Der 5208 DerivativesCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Financial management (bachelor degree)Post-requisites: International Financial Management, Company’s business analysis, Financial aspects of business valuationAim: Expand the main types of derivatives.Content: The main types of derivatives . Derivatives in the economy. Forwards . Swaps. Credit derivatives . Futures contracts. Futures on stocks , stock indices and currencies. Interest rate futures . Stock options . Border premiums (prices) of stock options . Greeks : sensitivity coefficients Prize. Option strategies . Binomial trees . Wiener processes and Ito's lemma . Model Black-Scholes- Merton . Exotic derivatives . Weather derivatives . Principles and methods of financial risk management through the use of derivatives. Key financial indicators derivatives market . Forms of work in the derivatives market . The role of derivatives in the world market . Types of derivatives markets .Competences:To know: The main types of derivatives . Derivatives in the economy. Forwards . Swaps. Credit derivatives . Futures contracts. Futures on stocks , stock indices and currencies.To be able: Expand the global trends in the financial market, the stock market place in the financial market, the value of the financial market in attracting financing for enterprises .To seize skills: Calculation of key financial indicators derivatives market . Forms of work in the derivatives market.

ISFRA 5209 International Financial Reporting and Audit StandardsCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Accounting, Financial analysis reporting (bachelor degree).Post-requisites: Final examinationAim: Expand the process of the main indicators of financial statements, traditional and special methods of economic analysis. Content: The formation of the main indicators of the financial statements. Traditional and special methods of economic analysis. Basis of preparation and financial reporting. Basis of preparation of financial statements. Recognition of elements of financial statements. Requirements for IFRS. Structure of the report on the money. Accounting for inventory accounting of fixed assets, investment property accounting, the accounting for financial assets. Audit of the financial (accounting) statements of the entities, the system of international auditing standards. Goals, objectives, methodology, audit tools. Unlike international standards of Kazakhstan. Practical aspects of the auditing standards. Regulatory framework regulating the auditing activities. Content classification and characteristics of major groups of standards. The role of professional organizations in the regulation of the international audit. Contact inter national auditing standards with national standards. Legal principles affecting the responsibility

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of the international audit civil liability, criminal liability, third party liability. Stages of organization and international audits. Concept of quality audit sand methods of its software.Competences:To know: the basic financial statements. Traditional and special methods of economic analysis. Basis of preparation and financial reporting.To be able: distinguish inter national standards of Kazakhstan. Practice the underlying assumptions and qualitative characteristics of financial statements; produce aggregation in financial reporting; make the accounting policies under IFRS; apply professional judgment.To seize skills: preparation of basic financial statements; apply the method sand procedures for the preparation of consolidated financial statements; make adjustment postings in the transformation of the financial statements.

NFRS 5209 National financial reporting standardsCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Accounting, Financial analysis reporting (bachelor degree).Post-requisites: Final examinationAim: formation of theoretical knowledge and practical skills in accounting methodology and accounting organization of companies of different ownership forms, preparing financial statements and use of accounting in formation generated by the requirements of the NFR. Sin order to make effective management decisions.Content: Features of accounting NFRS. Characteristics chart of accounts. Business transactions in the accounts: Current assets, long-term assets, current liabilities, long-term liabilities and equity, revenues, expenses, bills of cost accounting. Short circuit accounting for certain types of activities: accounting barter transactions, accounting hospitality, accounting leases, integration of trade activity in small and medium-sized businesses.Competences:To know: Principles and organization of accounting and reporting on the NOFA, especially for small and medium businesses, and their specialties, formation and use of accounting information in order to manage the company.To be able: prepare analytical materials for evaluation of activities in the field of economic policy and strategic decision-making in the corporate business; analyze and use different sources of information for economic calculations; to forecast the main socio-economic performance of the corporation.To seize skills: the ability-to improve and develop their intellectual and cultural level; independently acquire and use to practice new knowledge and skills; take organizational and administrative decisions and take responsibility for them; lead economic departments and divisions in companies of various forms of ownership; research skills to develop modern forms of financial accounting and reporting of corporate business.

FMC 5210 Fiscal (tax) management in companyCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Tax and taxation(bachelor degree)Post-requisites: Diagnostics financial and economic activity of the enterprise, Final examinationAim: Expand tax management in the company -management fees, carried organizations taxpayers in the macroeconomic environment in which they implement their production capabilities.Content: Tax Management in the company -management fees, carried organizations taxpayers in the macroeconomic environment in which they implement their production capabilities. Tax management organization process. Forms and methods of tax regulations are different in the public and corporate tax management. Tax management in multinational companies. Financial

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planning company. Tax optimization of business-projects. Taxation of the participants of foreign economic activity and capital movements. Special tax regimes and special economic zones. Taxation of Kazakh investors abroad. Shadow financial processes in companies. Financial and tax planning. Organization and information-analytical support of tax management in the company. Optimization of taxation in the organization. Tax risks in the risk management system. Business Valuation and property for tax purposes.Competences:To know: the basic provisions of the tax legislation of the tax system, the calculation and payment of certain taxes, forecasting and planning of tax revenues to the budgets of different levels, the definition of the tax burden of the taxpayer, to be able to apply them in practice.To be able: to forecast and plan tax deductions, organize the adoption of effective management decisions to minimize tax costs, reduce their impact on the financial condition of the organization, the taxpayer.To seize skills: be promptly and competently control and accounting records of tax payments in accordance with the current legislation, as well as information on cash flows, use of information technology in taxation.

ITP 5210 International tax planningCredits RK:2 Credits ECTS: 3 Term: 1Prerequisites: Tax and taxation(bachelor degree)Post-requisites: Diagnostics financial and economic activity of the enterprise, Final examinationAim: to study the theory and practice of international tax planning, especially its application under the existing tax and customs legislation; mastering the skills of practical calculations of specific types of taxes, and their optimization; study of the various instruments of tax effects, the study of tax, customs and civil laws and inter national tax treaties.Content: The essence of the state tax management. Corporate tax management. Corporate tax planning. Tax budgeting and tax budget of the organization. International tax planning and forecasting as elements of the tax mechanism. The essence of international tax planning. International tax treaties and their role in international tax planning. Offshore business. Scheme offshore operations. Transfer pricing in international tax planning. Competences:To know: the theory of taxation; principles of taxation: modern and classic; the nature and function of taxes; tax policy; tax mechanism; mechanisms of construction and collection of taxes on income, indirect taxes, property taxes, et.To be able: calculate the amount of tax; tax breaks, the main tax incentives, the use of tax-based management; methods of tax control, methods of strategic and tactical management of tax payments; use methods of international tax planning, as a major factor optimization of tax payments; application of the functioning of the major groups, the mechanism of calculation and payment, especially the application of tax benefits.To seize skills: application of the tax potential of economic entities in the process of international tax planning.

FIC 5211 Finance of Islamic countriesCredits RK:1 Credits ECTS: 2 Term: 1Prerequisites: Finance (bachelor program)Post-requisites: Final attestationObjective: The study of nature and specific features of Islamic finance and their role in regulation of social and economic processes of the Islamic states.Contents: Introduction to Islamic economics. Prohibition of Riba in Islam. Fundamentals of Islamic finance. The distribution of income and factor productivity in Islam. Islamic financial institutions worldwide. Bai - Buying and selling: the basic rules and variations of sale. Buying and selling in Murabaha: Murabaha basic features. Murabaha - financial model. The steps related

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to Murabaha sales model. Shariah compliant products and Murabaha. Musharaka and Mudarabah as a form of Islamic finance: basic rules and features. Distribution of profits and losses in Musharaka and Mudarabah.Competencies:To know: theoretical foundations of Islamic finance functioning, essence of formation of budget system and budgetary system in Islamic States; role of public funds to implement the objectives of social policy, solving the problems of social security and social welfareTo be able to: describe the specifics of the Islamic loan capital and the organization of insurance business in Islamic countries; analyze the work of Islamic funds and investmentsSkills: perception of innovation, understanding of the multiplicity of possible solutions and the need to find optimal solutions to the issues of Islamic finance.

FIIE 5211 Financial instruments of Islamic economyCredits RK:1 Credits ECTS: 2 Term: 1Prerequisites: Finance (bachelor program)Post-requisites: Final attestationObjective: Establish the system of knowledge in field of the new economic, financial and other instruments to create a sustainable socio-economic model of development of the state and society - Islamic finance.Contents: Fundamentals of Islamic finance. The distribution of income and factor productivity in Islam. The mechanism of Islamic Finance: Musharaka and Mudarabah, basic rules and features. Distribution of profits and losses in Musharaka and Mudarabah. The scale of decrease in Musharaka: determination of rent on a scale of decreasing Musharaka. Scale decreasing Musharaka as the ideal Islamic home financing product. Bai - Buying and selling: The basic rules and variations of sale; Shariah compliant products and Murabaha. Making legal documents when signing the contract model Murabaha. Murabaha in international trade. Practical aspects and problems of Murabaha: Ijarah (Islamic leasing): Work of Islamic Funds and Investments. Islamic financial institutions worldwide. Islamic Banking. World Indices of Islamic finance.Competencies:To know: the theory of Islamic finance. The essence of Islamic banking and basic rules and variety of products of Islamic finance, the work of Islamic investment funds and own terminology and scientific apparatus of Islamic finance;To be able to: characterize the instruments of Islamic finance; define instruments of Islamic finance: to analyze the work of Islamic funds and investmentSkills: perception of innovation, understanding of the multiplicity of possible solutions and the need to find optimal solutions to the issues of Islamic finance.

PROFILE DISCIPLINES

FM 5302 Financial Management (advanced course)Credits RK:1 Credits ECTS: 2 Term: 3Prerequisites: Financial management (bachelor degree)Post-requisites: Final examinationAim: Formation of future specialists in modern fundamental knowledge in the theory of financial management organization (enterprise), the disclosure of the essential foundations of interaction theory and practice of financial management, the need for financial management, Content its traditional and special functions, roles and values in the modern market relations.Content: The object and purpose of the course "Financial Management". Basic principles of financial management. Financial Information Management Financial environment of entrepreneurship. Fundamentals of the theory of business risks. Types of business risks. Bankruptcy risk as the main manifestation of financial risks. Management of business risks. Principles of financial engineering. Price and capital structure. The dividend policy of the

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company. Financing Long-term planning. Costs Management. Current assets’ management. Current operations financing. Evaluation and prediction of the investment market. Formation of the investment enterprise strategy Competences:To know: Essence, functions and basic principles of financial management and its information management; organization and regulation of the practice of cash flows of the company with the effective use for this purpose the financial mechanism and various financial instruments , the main activities in the field of financial management -specific tasks To be able: Analyze information and statistical material to assess the financial condition of the company, using modern methods and indicators such evaluation; financing methods use planning and forecasting , budgeting and current activities ; own methods of evaluation and management of business district of financial risks To seize skills: Effective construction of functionally oriented schemes of financial management; assessing the effectiveness of the financial activities of a business entity; reading and evaluation of important financial documents (statements).

MF 5302 Managerial FinanceCredits RK:1 Credits ECTS: 2 Term: 3Prerequisites: Financial management (bachelor degree)Post-requisites: Final examinationAim: Formation at undergraduates theoretical and practical skills development of cost-effective financial and investment decisions; assimilation of concepts, processes and interactions functioning businesses.Content: Nature and business management finance. Corporate reporting and financial information. Financial resources and capital of the corporation. The financial policy of the corporation. Financial risk management. Fundamentals of Asset Management organization. Cost management and financial performance of the corporation. System of corporate taxation. Financial planning and forecasting in the corporation. Internal financial performance. Investments and Investment Corporation. Innovative activities of the corporation. Features of the organization of corporate finance in specific areas. Competences:To know: theoretical and methodological foundations of finance management in a market economy; the sources and uses of financial resources of enterprises.To be able: assess the cost of funding sources; generate capital structure aimed at achieving strategic and tactical objectives of the organization; analyze financial risks.To seize skills: forming capital structure aimed at achieving strategic and tactical goals of the organization.

IFM 5303 International Financial ManagementCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial institutions Management, Financial regulation and supervisionPost-requisites: Financial Management(Advanced), Final examinationAim: Disclose the currency market its components and functions.Content: Foreign exchange market, and its component parts and functions. Effectiveness of the foreign exchange market and its types. Eurocurrency markets . Exchange rates and their definition. Factors influencing the formation of exchange rates. State regulation of the foreign exchange market . Monetary policy of the state . Monetary system . Classification of currency systems . Interest rate parity . Purchasing power parity. Currency arbitrage . International Fisher effect . Currency risk and its financial nature . Currency risk management company , as the cost factor . Transactional and transactional currency exposures . Recalculating risk. Foreign currency hedging through the use of forward transactions . Swap as a hedging instrument. Sources of financing of international projects. Cash management, international company. National specific functioning of boards of directors. The role of commercial banks. International mergers and

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acquisitions and their motives . National regulation of corporate mergers and acquisitions. Hostile takeovers . Agency costs and change ineffective top management. Benefits of an international nature of corporate reorganizations .Competences:To know: classification of sources of international financing, risk assessment methods and costs of corporate borrowing in a multicurrency environment , particularly the use of discounted cash flows model and the concept of real options for the assessment of international investment projects; centerpiece approaches to the identification , measurement and management of foreign exchange risk - exchange- exchange, country at the macro and micro levels.To be able: collect, process and analyze the information that characterizes the international financial environment of business (at the global, regional, country , sector , corporate levels ) .To seize skills: perform computationally - graphic work for the presentation of econometric (statistical) analysis of financing solutions, investment , hedging currency risks.

IF 5303 International FinanceCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial institutions Management, Financial regulation and supervisionPost-requisites: Financial Management(Advanced), Final examinationAim: Expand patterns and characteristics of the international monetary system.Content: Patterns and characteristics of the international monetary system. Classification of exchange rate regimes, their basic properties, advantages and disadvantages. Monetary policy in developed and developing countries. Factors affecting exchange rates. Stages of development of international finance. Globalization of the world economy. Financial globalization and the global debt economy. The theory of international capital movements. The international currency market. Euromarket. International bank loans. International debt securities market. Global stock market. Market for financial derivatives. International development finance. International debt crisis. Settlement of foreign debt. Emerging financial marketsCompetences:To know: the evolution of the global monetary system, structural principle sand problems of development; characterization of the balance of payments, its structure, methods of repayment balance and regulation of the main items; mechanism of functioning and development of exchange relations and international credit; especially monetary and credit relations.To be able: identify the factors and determine the conditions for the development of international monetary relations; analyze foreign exchange transactions to manage currency risk and international lending operations.To seize skills: analyze financial and monetary conditions and payment of foreign loans and international transactions; understand the global currency market instruments and loan market.

SBM 5304 Strategic bank managementCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial markets and financial engineering, DerivativesPost-requisites: Portfolio investment, Final examinationAim: The main objective of the study subjects-implementation of the requirements established by the State standard of higher education to the training of specialists in the field of banking, development banking policies, management of the bank, its individual departments and staff, as well as development of bank marketing and the role of advertising and marketing policy.Content: The course of study of discipline following tasks: to show the role of bank management in the development of banking activities and policies; disclose the structure, content and value of bank management to implement complex multilateral operations of commercial banks in the market; analyze the main methods used in bank management and marketing; show some elements of bank management and marketing for banking regulation and the development of banking policy.

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Competences:To know: the concept and essence of bank management and marketing; basic elements and structure of bank management and marketing; methods development objectives; strategies and their performance within the framework of the management of the bank; bank management systems software and its basic elements; Phased development of methods and decision-making in the management of the bank; content and elements of bank marketing in order to expand the banking market; the main methods of implementation of bank marketing for businesses and individuals.To be able: apply the techniques and methods of evaluation and management of banking risks.To seize skills: use of analysis in the management of organizations; the basics of forecasting performance of the bank; the role of information systems: the economic, industrial, scientific and technical.

MFS 5304 Management in financial servicesCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Management, Microeconomics (bachelor degree), DerivativesPost-requisites: Final examinationAim: the formation of future specialists in modern fundamental knowledge in the theory of financial management services organization (enterprise), the disclosure of the essential foundations of interaction management theory and practice of financial services, the need for financial management, maintenance of its traditional and special functions, the role and importance of management in modern conditions.Content: The essence of management of financial services. Types and classification of financial services in various sectors of the economy. Foundations and principles of management of financial services in banking, insurance companies, other financial institutions. Pricing and management of tariff pricing policy for financial services. Risks in the management system of financial services.Competences:To know: the nature, functions and tasks of financial management, the basic concepts of management of financial services, its provision of information, the main activities in the field of financial management-specific tasks, the main domestic and foreign literature on the theoretical and practical aspects of financial management services.To be able: analyze information and statistical material to assess the financial condition of the company, providing financial services, using modern techniques and evaluation indicators, use the methods of financial planning and forecasting, own methods of evaluation and management of business and financial.To seize skills: application building management system of financial services of banks, insurance companies, pension funds and brokerage firms.

HFR 5305 Hedging of financial risksCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Finance (bachelor program)Post-requisites: Final attestationObjective: To obtain a master's degree theoretical and practical knowledge on the use of derivative financial instruments to reduce financial risks.Contents: Definition and causes of uncertainty. Classification of financial risks. Risk Management: management concept, the evolution of approaches to risk management, risk management systems of companies. Price risk. The main ways to reduce the risk. The concept of hedging. The mechanism of hedging. Methods and hedging strategies. Hedging futures contracts. Hedging of forward contracts. Option hedging. Hedging swaps. Hedging currency risk. Hedging shares. Hedging portfolios of bonds. Hedging in the non-financial sector. The impact of risk management methods to cash flows.

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Competencies:To know: the modern methods of reducing the financial risks, appropriate market economy; the role and importance in the hedging of financial risks, the basic terms and hedging instruments.To be able to: receive financial philosophy and culture of financial management activities and insurance of financial risks; to build the logic of making risk management decisions.Master the skills: using a variety of hedging derivatives; analysis of the consequences resulting from the use of possible ways to minimize the risks.

RMPA 5305 Risk management: practical aspectCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Finance (bachelor program)Post-requisites: Final attestationThe purpose of teaching is to acquire some theoretical knowledge of risk management and the study of the implementation mechanism of risk management in practice.Contents. Discipline "Risk Management" has an important place in training for financial departments of companies and banks. The main objectives of the discipline are the study of risk management methods; disclosure of the company risk profile; existing definition of financial indicators for risk assessment; analysis of the existing risks in the company; the creation of a risk map.Competencies:To know: the nature and types of risks; specific problems of risk management; risk assessment system; basic approaches to the analysis.To be able to: use the basic terms and concepts of risk management; confidently use the laws and regulations governing risk management; comments to assess the risk; choose methods to reduce the risks.Master the skills: methods of measurement and evaluation of the various types of risk; mapping risks.

FDRK 5306 Foreign debt of RKCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Finance (bachelor program)Post-requisites: Final attestationThe purpose of teaching is to acquire theoretical knowledge on the mechanisms of formation of the external debt and the use of masters of this knowledge to reduce external debt.Contents. Discipline plays an important role in training for financial departments of companies and banks. Main discipline task is the study and definition of external debt; the disclosure of the structure and types of external indebtedness; determining the available financial indicators of external debt; analysis of the existing external debt of Kazakhstan; the use of early response systems.Competencies:To know: the nature and notion of foreign debt; specific problems of external debt; analysis of the Republic of Kazakhstan on foreign borrowing; a system of early response measures; basic approaches to analyzes.To be able to: use the basic terms and concepts of external debt; confidently use the laws and regulations governing the country's external debt; to comment on the facts, the problem of external indebtedness; choose ways to reduce external debt.Master the skills: analysis of external debt; methods of measurement and evaluation of the risk parameters of the external debt; the external debt and balance of payments.

SRF 5306 State reserve fundsCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Finance (bachelor program)

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Post-requisites: Final attestationObjective: Expand the theoretical foundations of public funds formation and placing their fundsSubject: Formation of theoretical knowledge about the content, conditions of state reserve fund formation and organization structure of reserve funds. The main areas of the discipline include: the study of modern methods of reserve funds organization; the study of technologies of reserve funds formation, review the major sources of funds and their placement; The theoretical skills in reserve funds of foreign countries.Competencies:To know: Methods of formation of the state reserve funds, sources of funds, methods of placement of funds and foreign experience.To be able to correctly and effectively allocate funds received government reserve funds, to make informed decisions on the basis of management accounting; Break-even analysis of the organization; use of alternative methods of planning reserve fund.Master the skills: methods of implementation of major administrative decisions when placing of funds; the information needed to create efficient allocation of funds.

DFEAE 5307 Diagnostics financial and economic activity of the enterpriseCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Тax management in enterprisesPost-requisites: Financial Analysis (Advanced course),Final examinationAim: To provide master students with the knowledge and skills in basic financial and economic organization of the firm and the skills to use the techniques and methods of economic analysis to assess the financial and economic activity.Content: The course reflects the current practice of modern techno-economic analysis at the domestic enterprises of all legal forms and types of property. Contains the following topics: basic tenets of the theory of economic analysis of the financial activities of the company, an analysis of the organizational and technical level of production, the analysis of the use of the firm's resources, analysis of the economic components of production, analysis of the economic performance of firms, analysis of economic and financial condition of the company, an analysis of the effectiveness of investments firms, procedures and economic implications of the insolvency of an economic entity, diagnosis bank ruptcies.Competences:To know: the information base and techniques of economic analysis, its types and features, methods and techniques for the analysis of financial and economic activity of the enterprise.To be able: use sources of economic information: basic documents accounting and financial reporting methods and techniques of analysis of financial and economic activities, analysis of financial and economic activity of the enterprise .To seize skills: to develop measures to improve organizational performance, forecast financial indicators in assessing the possible bank ruptcy.

FABV 5307 Financial aspects business valuationCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial management (bachelor degree), Fiscal policyPost-requisites: Financial management (advanced course),Final examinationAim: Provide knowledge to characterize the business as to assess and identify key factors of its value, to generate at undergraduates knowledge system about the basics of business valuation, capital and equity.Contents: The course reveals the specifics of business as an object of evaluation and the key factors of its value, considering the main purpose of the assessment and the types of business value, their impact on the evaluation process , introduces the basic concepts of the whole evaluation and assessment of business in particular , reveals the theoretical aspects of the assessment of the company's capital and stake in it.

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Competences: To know: Finding information on getting the job , collect, analyze data needed for the task to justify the findings , apply methods of business valuation ; present the results of analytical and research work in the form of speeches, reports , news coverage , essays , arrange specific assignments Milestone , organize the work of a small team , working group.To be able: Collect, organize and analyze the internal and external information needed to assess the business , the results of the macroeconomic and sector analysis to identify the main indicators that affect the value of the business , and extrapolate the findings of the analysis on the estimated business , consider the results of financial and economic analysis business evaluated in determining and evaluating the concept in the form of its value.To seize skills: disclosure practices of the company's value in its annual report.

FABV 5307 Financial aspects of company restructuring Credits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial management (bachelor degree), Fiscal policyPost-requisites: Final examinationAim: Is the formation of master students' complex theoretical and practical knowledge about the principles, methods and effectiveness of restructuring enterprises.Content: Restructuring of the Company by forming subsidiaries. Reorganization of the enterprise through the provision. Creating asubsidiary followed by exchange of shares for shares of the subsidiary. Reorganization of society by creating asubsidiary, followed by separation of the independent subsidiary companies. Restructuring of industrial companies by selection. Restructuring of the company by highlighting the disproportionate conversion. Restructuring of the company that is in bank ruptcy. Restructuring of the Company through the allocation and the subsequent development on the basis of one of the selected companies of the holding company. Interests of different stakeholders in the restructuring of the company.Competences:To know: various factors and operational and financial performance of influencing strategy merger, restructuring and bankruptcy.To be able: apply the methods of valuation to determine the feasibility of a merger, restructuring and bankruptcy; analyze different ways to restructure the company to assess their appropriateness for use in any given situation.To seize skills: use of legal, tax and accounting aspects of mergers, restructuring and bankruptcy.

FMAT 5308 Financing of M&A transactionsCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial management (advanced course), Fiscal policyPost-requisites: Final examinationAim: To study the process of restructuring companies in the form of mergers and acquisitions is the aim to obtain and enhance the effects energy, i.e. complementary action of the assets of two or more companies, the cumulative effect of which is much greater than the sum of the results of individual companies' actions. Content: Theoretical and applied aspects of mergers and acquisitions(M & A),as well as corporate restructuring. The course examines the main motives M & A, mechanisms for the implementation of mergers and acquisitions, strategic issues of growth and development tin the context of M & A, structuring methods for M & A, legal, tax and accounting aspects of transactions M & A. The course relies on standard Western text books on M & A, research paper sand business cases. Applied aspects of the course are based on recent actual transactions in M & A at the international and Kazakh markets.Competences:To know: factors and operational and financial performance of influencing strategy M &A various.

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To be able: apply the methods of valuation to determine the advisability of concluding specific M & A transactions; analyze different ways to restructure the company to assess their appropriateness for use in any given situation.To seize skills: using legal, tax and accounting aspects of mergers and acquisitions.

TFAPPP 5309 The financial aspects of public-private partnershipsCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Public finances, Fiscal policyPost-requisites: Final examinationAim:T o give master students the necessary general cultural and professional competencies related to project financing based on public- private partnership (PPP)Contents: Basics of the theory, basic principles and forms of public- private partnership in the modern economy. Institutional and regulatory support the development and financing of public- private partnerships. Principles of project finance facilities of public-private partnership. Financial structuring, modeling and evaluation of public-private partnership Practical Applications and industry-specific features of public-private partnershipsCompetences: To know: Basic techniques for financial modeling and structuring of PPP projects, including the valuation of assets and cash flow, working capital management, decision making, finance, structure and cost of capital, investment appraisal repayment PPP project.To be able: Based on the principles of project financing to apply basic methods of calculating the public sector comparator (PSC) and the evaluation of investment projects for PPP lenders, investors, state and local authorities.To seize skills: Consider a variety of business models used in international practice for PPP project financing, as well as industry model, causing the effective management of PPP principles and methods of preparing a business plan of the investment project PPP main sections, figures and shapes.

IPPPP 5309 Investment projects of public-private partnershipsCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Public finances, Fiscal policyPost-requisites: Final examinationAim: Consideration of the legal aspects of public-private partnerships, as well as disclosure of the characteristic properties of its forms and tools for undergraduate’s acquaintance with the theoretical and practical aspects in this areaContents: Concept and characteristics of public-private enterprise. Aspects of public law regulation of public-private enterprises, as well as in the process of interaction with the authorities. Concept and characteristics of the production sharing agreement, its terms. Powers parties to the agreement on production sharing. Procedure for the conclusion and execution of the specifics of production sharing agreement. Aspects of the financial and legal mechanisms when performing a production sharing agreement. State guarantees the rights of the investor. Checks for compliance with obligations under the production sharing agreement, as well as liability sides. The concept and features of the concession agreement, its terms. Objects of the concession agreement. Types of concession agreements. Powers sides of the concession agreement and liability aspects. Terms of the concession agreement. Finally the order changes and the consequences of termination of the concession agreement. Guarantee the rights of concessionaires.Competences: To know: Legislation regulating aspects of public-private partnerships as a form of interaction between government and business solutions for socially significant problems on mutually beneficial terms.To be able: interpret and enforce the relevant rules of law.

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To seize skills: analytical work on investment projects.

BPIP 5310 Business planning innovative projectsCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial management (bachelor degree),Post-requisites: Portfolio investment, Final examinationAim: To study the theoretical foundations of undergraduates in the field of planning, management and commercialization of innovative projects, as well as skills development of innovative business. Content: Theoretical foundations and practical experience of the functions and methods of innovation management, innovative project. Innovation management and venture capital activities of organizations at the micro and macro level. Features business planning innovation to meet future needs of the market. Study design, technological, financial, organizational and personnel training production.Competences:To know: innovation characteristics, models of the innovation cycle and patterns of innovation processes, forecasting trends of scientific and technological development, and the value of innovative programs and projects and their place in the management of innovation in the enterprise.To be able: analyze the external and internal environment of the organization in terms of finding innovative opportunities; Implement and support the choice of the form of innovative strategies for a particular company, to develop and validate innovative projects, identify areas of use in the business of industrial property.To seize skills: To acquire skills: assessment and analysis of technical and economic indicators of the innovation; analysis capacity of the organization and the competitive environment, and justify the selection oft he innovative project organization; development of individual sections of innovative programs and projects.

IVCM 5310 Innovation and venture capital managementCredits RK: 2 Credits ECTS: 3 Term: 2Prerequisites: Financial management (bachelor degree),Post-requisites: Portfolio investment, Final examinationAim: mastering undergraduates theoretical knowledge in the field of innovation and skills in management practices in venture business in modern conditions.Content: Theory of Innovation and its modern concept. Basics of innovation management company. Features venture activities and business. Venture financing and operation. Method sand forms of organization of innovative business venture. Determining the level of innovative capacity of the enterprise. Methods of production management and development of innovations at various stages of the product life cycle. Innovative strategies. Analysis of the current status and problems of innovative development of Kazakhstan.Competences:To know: different definitions of" innovation" and "business venture"; model of the innovation cycle and patterns of innovation processes; features innovative Venture Management and its role in the development of the organization; relationship of strategic management and innovation management venture.To be able: assess the extent of future innovation and venture capital programs of the companies; Identify specific social needs and propose projects to create the necessary innovation.To seize skills: analysis and formulation trends of technological progress and identifying opportunities for the organization; evaluation of technical and economic indicators of the innovation; analysis capacity of the organization and the competitive environment, and justify

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the selection of the innovation strategy of the enterprise; development of individual sections of innovative programs and projects.

FA 5311 Financial Analysis (Advanced course)Credits RK: 2 Credits ECTS: 3 Term: 3Prerequisites: Financial management (bachelor degree)Post-requisites:Final examinationAim: Disclose financial statements: composition, structure, system elements . Requirements for accurate reporting .Contents: Financial statements: composition, structure, system elements . Requirements for accurate reporting . International Financial Reporting Standards . Statements as an information base analytical support decisions of a financial nature . Audit of financial statements . Content of financial reporting forms . Balance sheet : structure and backbone elements . The impact of inflation on its financial statements . Methodological basis of financial analysis. Calculation and evaluation according to the reporting of financial market stability coefficients . Analysis of financial soundness indicators . Analysis of the adequacy of funding for the formation of reserves. Drafting of the forecast balance and consolidated reporting procedures . Features of compiling and analyzing the consolidated financial statements. The essence and the basic concepts of the consolidated financial statements . Procedures and guidelines for the preparation and presentation of consolidated financial statements. The essence of consolidation. Methods of primary consolidation. Subsequent consolidation . Consolidation of financial statements. Analysis of the consolidated financial statements. Dining aggregating information about the group. Specificity of segmental reporting organization. The nature and purpose of segmental reporting. Disclosure of reportable segments. Steps for creating a segmental reporting organization.Competences: To know: The terms " financial statements: composition, structure, system elements." Requirements for accurate reporting. International Financial Reporting Standards.To be able: analyze the adequacy of funding for financial analysis.To seize skills: the skills of system analysis activities of the organization, methods of economic and statistical analysis; skills with business information.

FADM 5311 Financial Accounting for Decision makingCredits RK: 2 Credits ECTS: 3 Term: 3Prerequisites: Financial management (bachelor degree)Post-requisites: Final examinationAim: Formation at the future masters of solid theoretical knowledge and practical skills in the organization of accounting business, preparation and presentation of financial information by different users to generate, study and decision-making in the area of policy in managing the economy and taxation.Contents: acquisition of knowledge of financial accounting as one of the functions of business activity aimed at making a profit while maintaining a source of income ( equity) and designed to promote the objectives of the market for goods and services , the organization of an information system for a wide range of internal and external users ; training and presentation of financial information to meet the needs of different users ( internal and external) .Competences:To know: the system account information (composition and Content), to adequately assess changes in the indicators reflected in the financial statements ; an understanding of methods, techniques and methods of analysis and evaluation of financial statements , as well as the economic interpretation of its parameters .To be able: read financial statements, to evaluate informative reporting write analytical reporting forms ; formulate conclusions and recommendations.

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To seize skills: development of effective methods of operational management and maneuvering resources of the organization; study strategy and tactics of the organization; forecasting activities of the organization and its financial results.

PI 5312 Portfolio investmentCredits RK: 1 Credits ECTS: 2 Term: 3Prerequisites: Financial management (bachelor degree), Managing innovation and venture capital businessPost-requisites: Final examinationAim: formation of undergraduates theoretical knowledge and practical skills in the area of investment funds in various securities. Content: Investment activity in the financial market. Financial market as an element of the financial system. Financial institutions. Financial instruments. Investments and investment activities. Types of investments. Investment and speculation in the securities market. Types of investors in the securities market. Benefits of portfolio investments. Factors affecting investment in financial assets: profitability and risks in other commodity and financial markets, competing with the securities market; Figures for foreign markets and capital flows; overall macroeconomic situation in the country; factors governance and macroeconomic regulation. Portfolio investment: nature, objectives, views. The concept of the securities portfolio. The principle of diversification of investments. Main characteristics of the investment portfolio. Stages of the investment process. Growth Portfolio. Portfolio income. Active and passive portfolio management. Communication goals investor type and characteristics of the investment policy of the securities portfolio. Legal security and public policy in the field of portfolio investment.Competences:To know: disclosure of financial investments ;securities market opportunities for investment activities; essence of the securities an investment; basic techniques and methods of analysis of the securities market and securities valuation; term investment portfolio, types of portfolios, the principles and objectives of investment portfolio, the principles and methods of portfolio management.To be able: use the features of the risk of investing in securities, types of risks, ways to reduce risk, risk management techniques; apply the basic model of the investment portfolio optimization, the concept of "efficient portfolio", "optimal portfolio"; basics of portfolio analysis; definition of portfolio risk and return.To seize skills: perception innovations understanding the multiplicity of possible solutions and the need to find optimal solutions in matters of portfolio investments.

EB 5312 Exchange businessCredits RK: 1 Credits ECTS: 2 Term: 3Prerequisites: Financial management (bachelor degree), Managing innovation and venture capital businessPost-requisites: Final examinationPurpose: formation of theoretical knowledge and practical skills of conducting stock transactions for different types of transactions and types of goods.Contents: History of formation of exchange trading and trends of development of Kazakhstan and leading foreign exchanges. Exchange as a form of organized market. Types of exchanges and exchange activity regulation. The economic role of stock exchanges and analysis of their activity. The mechanism of functioning of the stock exchange KASE. Commodities. Exchange transactions and their essence. Stock strategy. Foreign exchange market and foreign exchange transactions.Competencies:

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To know: the legal and organizational structure of the exchanges; the main features of the classification of stock exchanges; forms of participation in exchanges; types of stock exchange transactions; the order of conducting of trading; functions and tasks of exchange intermediaries.To be able to: exchange activity correlated with the general financial and economic processes in the society and at the level of economic entities; analyze the results of the exchange trades; predict the functioning of economic entities on the basis of the exchange dynamics;Master the skills: research methodology exchange activities; operational skills exchange operation; forecasting of economic processes in the stock and currency markets

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