History
History of the Financial University started on December 1918 when the People’s Finance Commissar decided to create a specialized financial institution of higher education – the first in the history of Russia – Moscow Institute of Economics and Finance. It was opened on 2 March 1919, and its first rector was D.P Bogolepov – the Moscow State University graduate, the Deputy People’s Finance Commissar of RSFSR. In September 1946, the Institute was consolidated with Moscow Credit-Economic Institute training students since 1931. As a result of merger of these two institutions of higher education Moscow Finance Institute was formed. It began with two thousand students and four faculties: Finance, Economic, Accounting, Credit, Monetary Economics, International Economic Relations. The Military Department opened later, in 1947.
In 1991 Moscow Finance Institute was renamed to "State Finance Academy" and in 1992 Russian President Boris Yeltsin changed its name to the "Finance Academy under the Government of Russian Federation" giving a governmental status to the institution.
In 2009 the Finance Academy celebrated 90 years of its history and received congratulations from numerous business and government officials, including Prime Minister Vladimir Putin and Finance Minister Alexey Kudrin.
On 14 July 2010 the Russian Government approved a new Charter for the institution changing its name from the "Finance Academy" into the "Finance University".
On 4 March 2011 KPMG opened its own Department at the University to enhance cooperation based on lectures and practical activities covering audit, International Financial Reporting Standards, taxation and corporate finance.
Read more about this topic: Finance University Under The Government Of The Russian Federation
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