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.

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:

  1. Theory of accounting
  2. Financial accounting - 1
  3. Financial accounting - 2
  4. Accounting in banks
  5. Financial management
  6. Corporate accounting
  7. Taxation
  8. Financial Statements and Reports
  9. Accounting standards
  10. Preparation of tax reports
  11. Accounting in insurance companies
  12. Accounting in public sector organizations
  13. Application of information technologies in financial accounting (1C)
  14. Accounting in construction companies

Subjects taught at Master’s degree program

  1. Current issues of the profession
  2. Scientific Research Methodology
  3. Business English
  4. Preparation of financial statements
  5. Business Law
  6. Tax accounting and administration
  7. Automatic accounting systems in trade
  8. Analysis of financial statements
  9. Accounting and financial reporting in banks
  10. Consolidated Financial Statements
  11. Public Sector Accounting
  12. 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. Mnatsakanyan Hayk Gerasim - Head of the Chair, Doctor of Economics, Professor
  2. Sargsyan Alvard Hrachik – PhD in Economics, Associate Professor
  3. Hakobyan Armen Ashmat – Doctor of Economics, Professor
  4. Poghosyan Manya Babken – PhD in Economics, Associate Professor
  5. Sahakyan Levon Sahak - PhD in Economics, Associate Professor
  6. Oganezova Nelli Suren - Senior Lecturer
  7. Kostanyan Gohar Gagik - PhD in Economics, Associate Professor
  8. Stepanyan Tehmine Arsen – PhD in Economics, Associate Professor
  9. Gasparyan Anush Ashot – PhD in Economics, Associate Professor
  10. Nersisyan Karen Vasil - PhD in Economics, Associate Professor
  11. Hovakimyan Tamara Sirakan – Associate Professor
  12. Markosyan Ara Khachatur - PhD in Economics, Senior Lecturer
  13. Avalyan Gayane Zhora - PhD in Economics, Lecturer
  14. Khalatyan Lena Norayr - Lecturer
  15. Harutyunyan Gohar Mihrdat - Lecturer
  16. Martirosyan Narine Rudik - PhD in Economics, Associate Professor
  17. Mikayelyan Anush Sarmen - PhD in Economics, Lecturer
  18. Paniryan Tatev Armen - Lecturer
  19. Osipyan Liana Harutyun - Lecturer
  20. Zakaryan Rafayel Serzhik - Lecturer
  21. Serobyan Ani Artavazd - Lecturer
  22. Petrosyan Tatevik Siraznik - Lecturer
  23. Avetisyan Sahakanush Gagik - PhD in Economics, Lecturer
  24. Avalyan Elen Artyom - Lecturer
  25. Arabajyan Lilit Vladimir – Lecturer
  26. Simonyan Flora Vanik – Lecturer
  27. Harutyunyan Hrach Samvel – Lecturer
  28. Gasparyan Liana Gagik – Lecturer
  29. Vardanyan Hripsime Samvel – Lecturer
  30. Sahakyan Hamlet Ararat – Lecturer
  31. Davtyan Tigran Petros – Lecturer
  32. Sarkisyan Zoya Roman - Assistant
  33. Mikayelyan Gabriel Mikayel - PhD in Economics, Associate Professor
  34. Baghdasaryan Alisa Meruzhan - Lecturer
  35. Karapetyan Venera Arthur – Senior Lab Assistant

Address: Chair of Financial Accounting, ASUE, Nalbandyan 128, 0025, Yerevan, Armenia
Tel: (+37410) 593-474