Accounting specialization teaches and trains students the methods to analyze, recognize, measure, re-measure and de-recognize the elements of financial statements using the IAS and IFRS frameworks. The specialization aims at preparing future professional managers by training the magistrates to examine financial statements based on auditing methodologies in compliance with American Institute of Certified Public Accountants and International Accounting Standards Board.


MBA program length and location:

Accounting specialization of the MBA program lasts for 4 semesters within 2 academic years.

The course requirement is 10 core courses (60 credits), 4 electives (24 credits) and a capstone project (12 credits), total 96 ECTS (European Credit Transfer System) credits.

Converted to US credit system the course requirement is 10 core courses (30 credits), 4 electives (12 credits) and a capstone project (6 credits), 48 credits in total.

Courses are taught in fall, spring and summer semesters three times a week. University is located in Istiglaliyyat Street 6, AZ1001, Baku Azerbaijan.

Contacts: e-mail:, tel/fax + (99412) 497 62 67


Admission requirements to the program:

Baccalaureates having a minimum of 2 years of work experience with different backgrounds (economics, commerce, mathematics, engineering, medicine etc.) are eligible to join the MBA program. Eligible international students are accepted to the program based on a contract signed between both parties (university and potential student). Local students are required to pass a uniform state attestation exam before applying to the MBA program. Potential students are required to provide a proof of English language skills along with academic eligibility.


Advantages of teaching methods in the MBA program:

The MBA program seeks to improve students for their leadership skills, prepare them to master systematic knowledge, capabilities and management skills, enhance their professional competence, investigate complex business information, learn analytical thinking and decision-making skills, nourish student’s entrepreneurial mind, teach them business ethics, presentation and time management skills. This program prepares students to occupy top positions in organizations with different cultures. Case studies, presentations, time management skills, group/individual projects, and business games along with theoretical approach complement a rigorous program. The program also aims at teaching students with change management skills peculiar to non-government, not-for-profit and commercial organizations along with proactive thinking style to project scenarios in a regulatory environment. Students will be graded through midterm, class attendance, participation, home works, and final examinations.

Lecturers/Professors of the MBA Program:

Along with full time faculty members of the Azerbaijan State University of Economics (UNEC) the MBA program benefits from scientific and practical potential of professors and lecturers with top academic and managerial background whether in public, government, or private. The program also invites academicians from high ranked universities around the globe and takes advantage of their scientific knowledge and practical potential.



Magistrates who maintain excellent, good, or satisfactory academic standing and graduate from the MBA program receive their MBA degree with all the rights and privileges related to this degree.


Accounting courses:

First semester:

SMO 652                    Leadership and Organizational Behaviour

MGTSC 501               Statistics for Business and Economics

ECON 503                 Managerial Economics

ACCTG 503               Financial Accounting (F3)


Second semester:

SMO 502                    Strategy, Organization and Innovation

FIN 502                      Corporate Finance

MARK 502                Marketing Strategy

ACCTG 502               Management Accounting (F2)


Third semester:

ACCTG 645               Performance management (F5)

BLAW 642                Business Law (F4)


Forth semester – 4 major electives – ACCA requirement

ACCTG 611               Financial Reporting (F7)

ACCTG 610               Auditing and Assurance (F8)

ACCTG 605               Taxation (F6)

ACCTG 646               Financial Management (F9)

ACCTG  621              Accounting, Strategy and Control

ACCTG 613               Valuation and Security Analysis

BUEC 501                 Business in the Global Environment

SMO 635                    Design Thinking and Innovation

SMO 601                    Designing Competitive Organizations

ACCTG 617               Business Analysis and Valuation Using Financial Statements

ACCTG 651               Independent Audit Opinions and their Forms

ACCTG 662               Audit Engagements, Risk Assessment, and Audit Evidence

ACCTG 644               Auditor’s Professional Responsibilities, Audit Documentations and IT Effects

RES 620                     Research Methods in Desicion Making

MIS 521                     Management Information Systems

HRM 602                   International Business Ethics and Corporate Governance

BLAW 631                Legal Aspects of Management

CapstoneTopics related to Accounting

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