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Ernst & Young Baku and Azerbaijan State Economic University launch accounting course

Business Materials 19 September 2011 17:48
Ernst & Young's Baku office and Azerbaijan State Economic University (ASEU) have commenced the sixth year of its intermediate accounting course for the ASEU Special Talented Group (STG).
Ernst & Young Baku and Azerbaijan State Economic University launch accounting course

Azerbaijan, Baku, Sept. 19 /Trend/

Ernst & Young's Baku office and Azerbaijan State Economic University (ASEU) have commenced the sixth year of its intermediate accounting course for the ASEU Special Talented Group (STG).

The program was launched back in 2006 with support from the American Chamber of Commerce and is a unique opportunity for students to master technically difficult accounting concepts.

A number of ASEU graduates have joined and successfully progressed in Ernst & Young as well as other leading international and local firms since 2006.

Parviz Babazadeh, one of the first STG student participants in this program, who is now an Assurance Senior in Ernst & Young, shared his experience: "It was thought in a contemporary, European way. We were granted with original books on intermediate accounting and by the time we completed the course I felt that I possessed unique knowledge. Such knowledge base is very important for the country in its transition to International Financial Reporting Standards".

Nigar Aliyeva, Assurance Manager in Ernst & Young and the course instructor, commented that she really enjoys teaching STG students as they are very engaging and have great ambitions.

Ilgar Veliyev, Ernst & Young Country Managing Partner, believes that devoting time and efforts to help students learn accounting is one of the important responsibilities of Ernst & Young: "Azerbaijan has made a lot of efforts to ensure transparency of the financial position of major state-owned enterprises and one of the key challenges we all face is limited number of qualified accountants. Many people who graduated from this course have subsequently studied and passed ACCA and US CPA qualifications which are the highest level of certification in the accounting profession."

Azerbaijan State Economic University is a leader in business and economics education in the country. The university attracts talented students from within the country and abroad. The university offers education in the Azerbaijani, Russian and English languages. The university's leadership supports initiatives to educate the young generation of accountants in modern global accounting standards and welcomes more extensive cooperation with Ernst & Young and the American Chamber of Commerce.

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young expands its services and resources in accordance with clients' needs throughout the CIS. 3,500 professionals work at 18 offices including Moscow, St. Petersburg, Baku, Almaty, Astana, Kyiv, Tbilisi and other locations.
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Ernst & Young has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 17 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.

We currently have more than 120 staff in our Baku practice, which served our clients, including banks and other financial institutions, in Azerbaijan. The strength of Ernst & Young in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, Ernst & Young will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.

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