The specialty “Finance” in the direction “Economics and Entrepreneurship” is licensed in KNUTD by the decision of the State Accreditation Commissio of the Ministry of Education of Ukraine No. 8 dated 9.06.99. Since 1999, full-time students , and since 2000, part-time students have been enrolled at the Department. To provide training and graduation of financial experts, the University established the degree-granting Department of Finance on June 30, 2004. In June 2004, the staff of the Department accredited the specialty “Finance” at the educational qualification levels “Bachelor” and “Specialist”; in May 2005 – at the level of “Master”.

According to the resolution of the Cabinet of Ministers of Ukraine dated April 29, No. 266 of 01.09.2015, a new list of specialties was introduced, according to which the direction of training 6.030508 “Finance and Credit” was transformed into the specialty 072 “Finance, Banking and Insurance”, the educational program “Finance, Banking and Insurance”.

In 2022, the educational program “Digital Finance” of the specialty 072 « Finance, Banking, Insurance and Stock market» was introduced.

To modernize the structure of the University in 2022, the Department of Finance and Investments was renamed the Department of Finance and Business Consulting. Currently, the Department is also responsible for the training of specialists with bachelor’s and master’s educational degrees in the specialty 071 “Accounting and Taxation”.

In 2022, the department opened a postgraduate program to train applicants for the third educational and scientific level of higher education in the specialty 072 "Finance, Banking, Insurance and Stock Market", the educational program "Finance, Banking and Insurance".

Specialty 072 “Finance, Banking, Insurance and Stock market”, educational program “Finance, Banking and Insurance”, educational degree “Bachelor”:

The training of specialists in Finance, Banking, Insurance and Stock market involves the formation of the following competencies:

• deep knowledge and understanding of the implementation of financial transactions through the use of knowledge and appropriate special methods;
• skills for assessing the financial condition of the enterprise and its separate components, defining problems, and financially justifying the ways for their solution;
• the ability to effectively apply the economic and mathematical methods used in the field of substantiation of financial decisions;
• experimental skills in the field of modeling, forecasting, and planning of financial activities of business entities, as well as analysis and critical evaluation of experimental data;
• the ability to use applied methods of analysis and evaluation of financial processes, using modern methods of system analysis.

Specialty 072 “Finance, Banking, Insurance and Stock market”, educational program “Digital Finance”, educational degree “Bachelor”:

The objectives of the program are the training of specialists capable of solving complex specialized and applied tasks, characterized by complexity and some uncertainty of conditions in professional activities in the field of digital finance.

Specialty 072 “Finance, Banking, Insurance and Stock market”, educational program “Financial and Investment Business Consulting”, educational degree “Master”.

The objectives of the program are the training of specialists capable of conducting scientific research using modern approaches, methods, and technologies of financial management and consulting to solve scientific and applied problems, taking into account the requirements of a dynamic business environment;

to provide students with practical skills in financial transactions through the use of knowledge and appropriate special methods, possessing methods and technologies of work in the financial, insurance, investment, stock market, and financial services market.

Ability to assess the financial position of an enterprise and its individual components (property status, liquidity, solvency, financial stability, business activity, financial performance, etc.), find problems and financially substantiate the ways of their solution; ability to perform analytical, evaluation and forecasting functions, in particular in the field of the financial state of enterprise management, estimation of the probability of bankruptcy, development of investment projects, estimation of business value; ability to evaluate the hedging of financial risks in the financial services market, calculate an operating surcharge, estimate the value of forward, futures, options, swap contracts; ability to understand and apply the economic and mathematical methods used in the field of substantiation of financial decisions.

Specialty 071 ”Accounting and Taxation”, educational program ”Business analytics, accounting and taxation”

Degree of higher education – bachelor. Course length – 3 years and 10 months.

OUR EDUCATIONAL PROGRAM IS:

1. opportunity to use analytical skills and experience to ensure the confidence of corporate executives, investors, and regulators in the reliability of financial statements and other information of vital importance to the business;
2. expanding the experience and increasing a specialist’s value throughout the entire period of work in the company;
3. training in the accounting of the economic activity of the enterprise following the norms of the current legislation;
4. development of analytical abilities for operating financial resources of the enterprise; allowing to be prompt and competent in tax and other payments.

After completing the bachelor’s program ”Business analytics, accounting and taxationC, the graduate will be able to demonstrate

• ability to create accounting and analytical information for effective management of the enterprise;
• ability to display information about economic transactions of economic entities in financial and managerial accounting, their systematization, generalization in reporting, and interpretation in order to meet information needs of decision-makers;
• experimental skills to monitor compliance with regulatory documents on accounting methodology and taxation, saving and efficient use of resources;
• ability to conduct accounting procedures using specialized information systems and computer technology;
• deep knowledge and understanding to control the economic activity as an enterprise management function to ensure its effective functioning, performance evaluation, implementation of plans, identification of violations of accepted norms and standards, and increase in responsibility.

The directions of professional activities of specialists in accounting and taxation are:

• specialist in accounting, analysis, audit, and control;
• specialist in digital accounting and tax consulting;
• financier;
• economist of the enterprise;
• marketing specialist;
• personnel manager;
• economist of foreign economic activity;
• specialist in banking;
• specialist of the State Treasury;
• specialist in taxation;
• specialist in business insurance;
• specialist in commercial activity;
• specialist in economics.

Specialty 071 ”Accounting and Taxation”, educational program ”Accounting and Taxation”, educational degree ”Bachelor” and educational program ”International Accounting and Business Consulting”, educational degree  ”Master”:

The specialty 071 "Accounting and Taxation" is an economic specialty and a future field of activity for those who want to reveal the secrets of the formation of economic information used to manage enterprises, organizations, and institutions. Correct accounting of the company's economic activities in accordance with the established norms, accounting of the company's assets, obligations to other market participants, investments and much more is an important aspect of the training.

After successful completion of the program, graduates receive a diploma of basic or complete higher education of the established state standard in the specialty 071 "Accounting and Taxation".

In 2024, the Department launched a new interdisciplinary educational program of the second level of higher education "Financial technologies, accounting and business analytics", integrated in two specialties: 072 "Finance, Banking, Insurance and Stock Market" and 071 "Accounting and Taxation".

Specialty 072 "Finance, Banking, Insurance and Stock Market", educational program "Finance, Banking and Insurance", educational degree "Doctor of Philosophy".

The aim of the program is to train highly qualified, competitive, integrated into the world and European educational and scientific space specialists in the field of finance, banking, insurance and stock market, who have competencies sufficient to solve complex management problems through research and innovation and the production of new knowledge on this basis.

The main objectives of the program are: mastering the methodology of scientific and pedagogical activities; gaining experience in conducting one's own scientific research, the results of which have scientific novelty, theoretical and/or practical significance for national or world science.

OUR EDUCATIONAL PROGRAM IS:

1. opening of new career heights, as well as from the very beginning of your activity, the ability to become part of an international team that seeks to think and act globally; work, not limited to certain countries or industries;
2. work with the largest international corporations, fast-growing companies, and direct investment funds in the framework of large-scale projects on the world market;
3. the early adoption of the necessary measures aimed at preventing crime or responding quickly to unlawful actions is critically important;
4. ability to become a specialist in the audit services department and have access to up-to-date information in audit and accounting, implement the international methodology, and use advanced technical tools.

After completing the program, the graduate will be able to demonstrate

• deep knowledge and understanding of the implementation of accounting for international transactions, system analysis of the international environment of companies, and monitoring of major competitors in the market;
• strategic counseling (modeling of market situations taking into account international competitiveness, development of international marketing strategies of companies, development of strategies and programs in the field of social responsibility, development of business management strategy, organization, planning, and implementation of international financial business);
• ability to manage fraud risks (developing programs to reduce the risk of fraud, commercial and contractual disputes, and the risks of significant insurance payments);
• experimental skills in reducing the risk of disputes and maximizing the value of transactions by conducting a forensic examination of contracts;
• ability to carry out a comprehensive analysis of international business and facilitate the independent verification of company reports in accordance with international standards;
• ability to assist clients in solving issues related to the prevention of official crime, ensuring compliance with legislative and regulatory requirements, and applying the correct approach to solving disputes that may adversely affect the effectiveness of the activity.

 The directions of professional activity of specialists are:

• by working in a specialty to obtain an auditor’s certificate and a certificate of a judicial expert in the economic sphere and work in the respective positions of the auditor, the head of the audit firm, the head of the internal audit service, and an independent judicial expert;
• to be engaged in scientific activities and teaching activities, get postgraduate education, and obtain a doctorate in philosophy;
• to hold positions of a specialist in accounting, specialist analyst, or auditor in:

- organizations and enterprises of various forms of ownership, engaged in international business activities,

- law firms providing services to Ukrainian and foreign firms in the field of trade policy;

- subdivisions of the state customs;

- institutions; consulates, embassies; diplomatic and trade missions of Ukraine abroad;

- international media and telecommunication companies;

- international financial institutions and international departments of Ukrainian financial and credit institutions.

- international departments of insurance companies and travel companies.

The training of future specialists in Finance, Banking and Insurance, as well as Accounting and Taxation, is carried out by highly qualified academic staff (4 doctors of sciences, 9 candidates of sciences).

Structure of the department:

• Head of the Department - Doctor of Science in Economics, Professor Iryna Tarasenko;
• In 2024-2025, the academic staff consist of 3 doctors of sciences, professors;
• 6 candidates of sciences, assistant professors;
• Trade union representative - senior laboratory assistant Svitlana Rybchynska.

In the 2023-2024 academic year, 132 students (102 full-time and 30 part-time students) and 14 postgraduate students are studying at the Department of Finance and Business Consulting at KNUTD.