Association’s researching area covers very wide range of topics on business statistics, financing, banking, accounting, analyzing fields in their combined form associated with financial engineering as well as separately for each one. In addition to that initiators of association have published in line of above mentioned topics modern, moreover extremely interesting textbooks in accounted volume of more than 200 printer’s sheets for economics university students & postgraduates since 2004. Our researching group of co-authors is intending to conduct stepwise professional training course for Mongolian financiers, accountants & other persons, which will open by late September, 2011, they will be worked as Chartered financial analysts & interested in possessing analyzing &  estimating  methods. Also we are inviting Mongolian & foreign individuals as well as legal entities to collaborate in writing & publishing innovated textbooks for economics students & experienced staves who engaged in financial engineering – accounting modeling fields. This invitation also related to workers who interested in exchanging, discovering, developing, outsourcing, exporting of science papers, articles, complied researching final results, issues of modern textbooks in scope of above emphasized tentative thesis. New direction of accounting researching is significant necessary in this period when in my country have began the huge investment into mining  exploration industry & prospecting mineral recourses  as at Oyu Tolgoi  copper & gold manufacture, Tavan Tolgoi coal deposit and associated with these  development of infrastructure: railway, highway, power station, constructions, communication network, catering provision, education facilities etc. In connection with these factors rather than before raised the role of development in accurate cost calculation methods based in econometrics, financial engineering, multiple discriminant analysis (ANOVA, MANOVA), and applied mathematics etc. Further we would like to deal with permanent discussion among Association’s members in line of mutual interested urgent problems via comfortably for them communication system. We will translate appropriate materials into English or Russian for foreigners, who wish to acquaint with papers, textbooks, written by our co-authors, suggested new ideas with us. If you would like to set up bilateral communication relationship, we kindly ask to forward mail to us at once.  We are suggesting deal with open discuss in early of October over created with us new methodology to analyze & calculate effects of variances on factory overhead expenses, short abstract of these will be appeared through internet communications. Indeed in development history of accounting we primarily have discovered very unique & easy for pragmatically application methods in allocation, analyzing, forecasting & reporting of indirect (conversion) expenses by practicing as following: linear algebra, applications of definite integral calculus, stepwise elimination of variable factors, statistical index, drawing graphical illustration etc. Within the scope of activities of  association  for incoming period we have planned to conduct professional course for financiers, accounting analysts, & researchers on financial analyzing methods by hand of business statistics (multiple discriminant function analysis) in parallel  with computer application program, SPSS 17.0, which will render pleasant opportunity to obtain same calculated an answer, & compare stepwise processes used on both methods.    Main academic and practical lecturing will give directly by Prof. T.Yondon and under his supervising and consulting. We are registering independent researchers who would like to affiliate as members to Mongolian chartered financial analysts (CFA), nonprofit civil institution, which voluntary engages economics researching activities.  We shall give necessary knowledge to members through giving lecture, implimenting development of outsourcing in financial analyzing, exchanging experiences among analysts, organizing science conferences & plenary researching discussion, dealing with stepwise training course, provision with necessary information, publication textbooks & methodological materials, delivering  professional advises, issuing periodical journal etc, who really wish to possess unique techniques of analyzing.

We are intending to conduct outsourcing activities among registred members of Mongolian chartered financial analysts who have passed stepwise specialized training course and possesed necessary academic knowledge & analytical experience, the scope of activities would be included exchanging experience, publishing researching papers & articles, organization conference & discussions, analyzing quarterly financial statement for company via negotiated bilateral contract, giving professional consulting & lectures on line network or in auditorium facilities,  provisioning with relative methodological materials, issuing textbooks & brochures for learners, taking other measurements aimed for improving well-being of financial analysts. We planned next time to organize discussion among all persons who interested in financial analyzing independently in line of Association of Mongolian chartered financial analysts under the topic “Application of mathematical methods in calculation of variances on income statements prepared under both variable & absorption costing”  in scope of planning activities for 2011-2012, which created & published in textbook “ Financial statement analysis & modeling in forecasting” written by Prof. T.Yondon for 2009.