Best Financial statements for the Clothes retail and Gold extraction businesses were awarded with the honor certificates by the Finance department

During the new course Accounting 2 as part of the Financial specialization on International Bachelor's in Business and Economics programme students worked on the course project for which they invented a business, described processes and risks of the company, planned events and financial calculations for 2 years, executed accounting transactions and prepared financial statements. 

For their business project groups had to identify customers and suppliers, required spaces and equipment, personnel, conditions of storing of inventory, sources of financing, evaluate costs of production and other expenses, sales prices, terms of receiving and paying cash, types of investments, taxes and other.

16 groups executed the required task at a high level, students worked with different types of businesses – food, shops, cafes, offline and online services. Two best projects for Clothes retail and Gold extraction were awarded with the honor certificates for most complete, correct and complicated cases. The groups considered their businesses in detail, profoundly planned sales and purchases amounts, conditions and risks of relations with customers and suppliers, requirements to production, inventory storage, logistics, needed equipment and personnel, used complicated calculations, events and transactions, relied upon financial information most close to the real life and aligned all that to the accurate accounting and Financial statements.

We appreciate such a high level of engagement from our students and congratulate them with a great chance to get new skills and experience!