CHAIR OF FINANCIAL ACCOUNTING

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Head of the Chair: Hayk MNATSAKANYAN, Doctor of Economics, Professor

History, operations

The chair was formed in 1981 by merging the Chairs "Accounting" and "Economic Activity Analysis", further was renamed "Accounting and Audit": in 2009, as a result of the reorganization of the chair, the "Financial Accounting" chair was formed.

The core subjects included in the educational program of the chair are taught in the bachelor's and master's degree programs of the chair, as well as in all ASUE faculties (at bachelor’s degree program).

The Chair of Financial Accounting closely cooperates with the respective chairs of CIS universities and international universities of economics, the Chamber of Auditors and Expert Accountants of Armenia, Armenian software, the RA State Revenue Committee, other departments and organizations of the private and public sector.

The chair regularly carries out activities to improve educational programs in line with international requirements. The revised and improved programs are based on the requirements of the International Education Standards of International Federation of Accountants and the ACCA (Association of Chartered Certified Accountants of Great Britain) educational program that is a professional body uniting 780,000 professionals in finance, accounting and audit functioning in approximately 170 countries.

As a result of ACCA accreditation, in the period between 01.01.2024 - 31.12.2028, BA graduates of Accounting and Taxation (by industry) will be exempt from at least 4 exams when applying for the international ACCA qualification, and MA graduates of Accounting will be exempt from 7 exams.

The chair carries out ongoing activities to develop Armenian language professional literature, thus equipping the ASUE library with professional educational manuals.

The strict foundations of the professional development and the potential of the chair are aimed at organizing the teaching process in line with international educational standards and ensuring the continuity of such developments.

Heads of the Chair

PhD in Economics, Associate Professor A. Sargsyan
Doctor of Economics, Professor A. Sargsyan
Associate Professor R. Chobanyan
From 2022, the head of the chair is Doctor of Economics, Professor Hayk Mnatsakanyan,

Profession at bachelor's degree program

"Accounting and taxation (by field)" educational program of the specialty "Accounting and taxation"

Specialization at master's degree program

"Accounting and taxation (by sector)" educational program of the specialty "Accounting and taxation (by industry)"

Subjects taught at the bachelor’s degree program

A number of specialized subjects in line with some non-specialized subjects are taught by the chair, including:

Theory of accounting
Financial accounting - 1
Financial accounting - 2
Accounting in banks
Financial management
Corporate accounting
Taxation
Financial Statements and Reports
Accounting standards
Preparation of tax reports
Accounting in insurance companies
Accounting in public sector organizations
Application of information technologies in financial accounting (1C)
Accounting in construction companies

Subjects taught at Master’s degree program

Current issues of the profession
Scientific Research Methodology
Business English
Preparation of financial statements
Business Law
Tax accounting and administration
Automatic accounting systems in trade
Analysis of financial statements
Accounting and financial reporting in banks
Consolidated Financial Statements
Public Sector Accounting
Audit and Internal Control

Scientific Research activities

The main directions of research works are the current issues of accounting and presentation and development of financial reports within the frames of International Financial Reporting Standards (IFRS) and how to solve them, as well as current issues of tax accounting, accounting and reporting in public sector organizations, and issues of accounting and reporting in banks, etc.

Staff of the Chair regularly takes part in both local and international conferences. Dozens of scientific and educational works are published annually.

Staff of the Chair

1. Hayk Mnatsakanyan - Head of Department, Doctor of Economics, Professor
2. Alvard Sargsyan - PhD in Economics, Associate Professor
3. Armen Hakobyan – Doctor of Economics, Professor
4. Manya Poghosyan - PhD in Economics, Associate Professor
5. Levon Sahakyan - PhD in Economics, Associate Professor
6. Gohar Kostanyan - PhD in Economics, Associate Professor
7. Tehmine Stepanyan - PhD in Economics, Associate Professor
8. Anush Gasparyan - PhD in Economics, Associate Professor
9. Karen Nersesyan - PhD in Economics, Associate Professor
10. Tamara Hovakimyan - Associate Professor
11. Ara Markosyan - PhD in Economics, Senior Lecturer
12. Gayane Avalyan - PhD in Economics, Lecturer
13. Gohar Harutyunyan - Lecturer
14. Narine Martirosyan - PhD in Economics, Associate Professor
15. Amalya Galstyan - PhD in Economics, Associate Professor
16. Gabriel Mikayelyan - PhD in Economics, Associate Professor
17. Anush Mikayelyan - PhD in Economics, Lecturer
18. Tatyana Paniryan - Lecturer
19. Liana Osipyan - Lecturer
20. Ani Serobyan - Lecturer
21. Tatevik Petrosyan - Lecturer
22. Sahakanush Avetisyan - PhD in Economics, Lecturer
23. Liana Karapetyan - PhD in Economics, Lecturer
24. Ashkhen Hovhannisyan - PhD in Economics, Lecturer
25. Meri Panosyan - Lecture
26. Gayane Poghosyan - Lecturer
27. Tatev Tumoyan - Lecturer
28. Elen Avalyan - Lecturer
29. Lilit Arabajyan - Lecturer
30. Flora Simonian - Lecturer
31. Hrach Harutyunyan - Lecturer
32. Liana Gasparyan - Lecturer
33. Vrej Mkrtchyan - Lecturer
34. Zoya Sarkisyan – Assistant Lecturer
35. Alisa Baghdasaryan - Lecturer
36. Venera Karapetyan - Senior Laboratory Assistant

Address: Chair of Financial Accounting, ASUE, Nalbandyan 128, 0025, Yerevan, Armenia
Tel: (+37410) 593-474
E-mail: FinancialAccounting@asue.am