Dr. Shynar Zhumadilova, Lecturer at the International University of Information Technology, Held a Seminar Titled “Company’s Financial State Forecasting: Methods and Approaches”.

During the seminar, Shynar Zhumadilova gave detailed information about the company’s financing process. She noted that company’s financial state forecasting included four steps: data collection and processing, modeling the financial state indicators, verification of the model adequacy and computing predicted values of the financial state indicators. Nowadays, it is possible to use various software such as Eviews, Stat, and SPSS to make economic analysis. In microeconomic researches, it is necessary to have knowledge in companies’ financial state, accounting, terminology, finance and other relevant fields of science.

According to Zhumadilova, “KazMunaiGas” has experienced a decline in the economic indicators after the crisis of 2014. She added that oil and gas exports were a major source of income for Kazakhstan’s economy. Kazakhstan’s economy should be diversified so that the economy is not much affected by the crises. Manufacturing and tourism industries can contribute to the country’s economic growth.

At the end of the seminar, participants exchanged views on the transparency and accountability of Kazakh national companies, as well as Kazakhstan’s financial stability.