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Financial management (Sample assignment)

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This paper provides literature on dividend policy decisions by the corporates in the perspective of shareholder's wealth. Dividend payment is a signal of performance of Firms. If dividend increases, share price will also increases, which leads to the creation of shareholder's wealth. Although, extant literature review have examined issues of dividend policy, still they produced inconclusive results on the dividend policy decisions. Thus a good model that combines dividends with share buybacks is a fairly good compromise due to its advantage of flexibility, tax treatment and intangible gains. Share repurchases leads to better tax treatment than dividend and are more flexible than regular dividends for the company.

Dividend policy of an organization and how it affects their performance has remained one of the hottest and keenly debated issues till date. In spite of growing bodies of literatures and empirical findings, there has not been any general acceptance or conclusion on the extent dividend policy may influence corporate performance. This study examined dividend policy and corporate performance. The study adopted multiple regression models to examine the selected companies namely Nigerian Breweries Plc, Zenith Bank Nigeria Plc and Guaranty Trust Bank Plc from 2011-2015. The result of the analysis showed that for Nigerian Breweries, profit after tax and return on asset are positively related to dividend while earnings per share has negative relationship with dividend. The result for Zenith Bank shows that earnings per share and return on asset are positively related to dividend while profit after tax has negative relationship with dividend. The result for Guaranty Trust Bank shows that profit after tax has positive relationship with dividend while earnings per share and return on asset are negatively related to dividend. From the findings, the study concludes by agreeing with most of the dividend relevant proponents that dividend matters to corporate performance even though with varying results that tends to support other theories such as dividend residual theory. It therefore recommends that managers must review the opinion of their core investors in deciding dividend policy that meets with their expectations.

International Journal of Innovation and Applied Studies, 2014

Research Journal of Finance and Accounting, 2014

The Journal of Risk Finance, 2006

In this paper, the author investigated the influence of management decisions like capital structure, dividend policies, remunerations, credit policy decisions and investment decisions on shareholder wealth maximization. The main objective of this paper is to increase awareness and relationship between management and shareholders of the companies. To achieve the objective, portfolio theory, capital asset pricing model and modern financial theory providing evidence on the linkage between management decisions to shareholder’s value. Shareholders are only concerned about the value of shares of the company and the amount of return in the form of dividend paid. Thus in order to meet the demands of the shareholders of the company, managers needs to increase their abilities and skills to overcome the organizational goals. Thus the main goal of this paper is to discuss on the role of management decisions towards increasing shareholder’s wealth and meet organizational goals.

Procedia Economics and Finance, 2014

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Course info.

• Prof. Jonathan Lewellen

Departments

• Sloan School of Management

As Taught In

• Financial Economics

Learning Resource Types

Financial management, assignments.

As noted in the course syllabus , the written assignments will consist of both problem sets and cases. The problem sets should be fairly straightforward. The cases are more difficult and longer, and we will typically discuss them in class. Students should work together on the assignments in groups of four.

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The Ultimate Guide to Excelling in Financial Management Assignments

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Define Financial Management

Discuss the importance of financial management, outline the key principles of financial management, utilize diverse sources, stay updated with current financial trends, introduction, use clear and concise language, support your arguments with evidence, proofread and edit your assignment.

Any business organization must effectively manage its finances, and assignments on the topic give students the chance to learn more about the guiding principles and ideas of efficient financial management. This guide is intended to give you useful tips on how to create an engaging assignment on financial management, whether you are a finance student looking to improve your understanding or a professional looking to improve your financial management skills. You can make sure that your assignment demonstrates a thorough understanding of financial management principles while capturing the attention of your readers by using the techniques described in this article. This guide covers the necessary steps to assist you in writing a well-structured and informative assignment, from outlining key principles to conducting efficient research to defining financial management and emphasizing its significance. The information provided here will direct you towards success in writing financial management assignment , whether your goal is academic excellence or improving your practical financial management skills.

Understanding the Basics of Financial Management

Understanding the foundational ideas of financial management is essential to writing an effective assignment on the subject. Planning, organizing, directing, and controlling financial activities within an organization are all included in financial management. These fundamental ideas will help you build a strong foundation for your assignment. You will be able to analyze and discuss financial management theories, practices, and concepts with greater accuracy once you have this understanding. Furthermore, a thorough understanding of financial management fundamentals guarantees the coherence and logical flow of your assignment. It aids in contextualizing your arguments and enabling you to reach insightful conclusions. Therefore, spend some time becoming familiar with the foundational ideas of financial management before starting the writing process. You can create a well-structured and informed assignment on financial management using this knowledge as a framework.

Start by outlining the meaning of financial management in the context of business. Describe how budgeting, financial analysis, financial forecasting, and decision-making are all included in financial management. Maximizing shareholder wealth, ensuring liquidity, managing risks, and optimizing the use of financial resources, are just a few of the key goals of financial management. Give examples of how financial management helps organizations achieve long-term sustainability, facilitate growth, and maintain financial stability.

Examine the value of financial management for businesses of all sizes and in all sectors. Describe how employing sound financial management techniques can boost revenue, improve investment performance, cash flow management, and financial stability. Highlight how important financial management is for guiding resource allocation, assisting in sustainable growth, and supporting strategic decision-making. Give concrete illustrations and case studies to show how businesses have benefited from putting effective financial management strategies into practice as well as the drawbacks of ineffective financial management techniques.

Describe and enumerate the main guiding principles of financial management. The time value of money, risk and return trade-offs, diversification, leverage, profitability, and the idea of opportunity cost are some of these concepts. Explain each principle in detail, showing how it applies to financial decision-making. Describe how these principles assist financial managers in assessing investment opportunities, controlling financial risks, and enhancing an organization's capital structure. To show the practical applications of these principles in actual financial management situations, back up your explanations with pertinent examples and case studies.

Conducting Research for Your Financial Management Assignment

Writing an informed and comprehensive financial management assignment requires extensive research. The foundation of your work is research, which gives you the facts and figures you need to back up your claims and analyses. This section will describe how to conduct efficient research, assisting you in compiling pertinent and trustworthy sources for your assignment. You can guarantee the accuracy and reliability of the information you include in your assignment by using a variety of sources, including textbooks, scholarly journals, industry reports, and financial databases. Maintaining up-to-date knowledge of current financial trends and laws is also essential to prove that you comprehend the dynamic nature of financial management. You can improve the quality and depth of your assignment by doing thorough research, which will allow you to present arguments and insights in the field of financial management that are solidly supported.

It is essential to consult a variety of sources for your financial management assignment if you want to guarantee its accuracy and dependability. You will gain a thorough understanding of the subject matter if you rely on a variety of sources, including books, scholarly journals, industry reports, reputable websites, and financial databases. To ensure the accuracy of the data and insights you present in your assignment, evaluate the credibility, relevance, and timelessness of the information you incorporate from these sources. You can improve the depth and caliber of your research by incorporating a variety of sources and providing solid evidence to back up your claims and analyses.

The field of financial management is constantly evolving and changing. It's crucial to keep up with the most recent financial trends, laws, and practices to write an informed and pertinent financial management assignment. You can demonstrate your knowledge and understanding of the dynamic nature of financial management by staying up to date with recent developments. To gather up-to-date information, turn to reliable financial news sources, business networks, and sector-specific publications. Your assignment will demonstrate your ability to analyze actual situations and apply modern financial management principles by incorporating current trends, case studies, and industry insights. Being current will help your assignment sound more credible and show that you are interested in the constantly changing field of financial management.

Structuring Your Financial Management Assignment

Your financial management assignment's structure is an important component that improves readability and makes it possible for you to communicate your ideas. The logical flow of a well-structured assignment ensures that your arguments and analysis are presented understandably and systematically. You can set the stage for what follows by giving a succinct introduction that describes the aim and goals of your assignment. The main body of your assignment can be organized into sections that each concentrate on different facets of financial management. This allows for a methodical investigation of the subject. The organization and readability of your work are further enhanced when subheadings are used within these sections. Finally, a thoughtful conclusion that summarises the main ideas and highlights their importance brings the assignment together successfully. You can effectively engage your readers and present a strong argument in your financial management assignment by following a solid structure. The fundamental components and format for your financial management assignment are described in this section.

Start your financial management assignment off strong with a succinct and captivating introduction. Indicate the precise goals you hope to achieve in your assignment's purpose and objectives, which should be stated clearly. Introduce the subject of financial management by emphasizing its importance and relevance in the fast-paced business environment of today. Give the reader a glimpse of the insightful knowledge they can expect to learn from reading your work by giving a brief overview of the important topics you will be covering in your assignment. You will lay a solid foundation for the remainder of your assignment by establishing the scene and a clear direction from the outset.

The main body of your financial management assignment should be divided into logical sections, each of which should focus on a different facet of the subject. Ensure that sections flow into one another seamlessly to allow for a logical progression of ideas. Include pertinent theoretical frameworks, case studies, and empirical data to back up your claims and analysis. Use subheadings to effectively organize your content so that readers can navigate your assignment and understand the main ideas. You can show that you have a thorough understanding of financial management by putting forth arguments that are supported by a variety of sources and engaging your readers in thought-provoking debates.

Reiterate the important ideas covered in your work throughout your financial management assignment. Summarise the key conclusions and revelations from your study, focusing on their importance in the context of financial management. Restate the main goals of your assignment and demonstrate how you met them successfully in your work. To encourage readers to learn more about the subject in-depth, you should also think about making recommendations for additional research or discussing the useful implications of your findings. A strong conclusion leaves a lasting impression on your audience, reinforcing the significance of your research and giving them something to ponder.

Writing Tips for Your Financial Management Assignment

Effective communication and attention to detail are necessary when writing a financial management assignment. This section offers helpful advice to improve the caliber of your assignment. You can make sure that your readers can understand your ideas by using clear, concise language. Strengthening your analysis and giving your work credibility by supplying pertinent data and evidence to support your claims. To remove errors and increase clarity, proper editing and proofreading are also crucial. Academic integrity requires consistency in referencing and adherence to the proper citation style. Additionally, readability is improved by logically structuring your assignment and organizing your thoughts coherently. By using these writing suggestions, you can create a strong financial management assignment that shows off your knowledge and comprehension of the subject. Take into account the following writing advice to make sure your assignment is effective and clear:

It's crucial to convey your ideas concisely and clearly when writing your financial management assignment. Avoid confusing your readers with jargon and technical terms. Instead, make an effort to speak simply and clearly. To ensure comprehension and give context to your readers, define any technical terms you use. Your assignment will be easier to read and more accessible to a wider audience if you use clear, concise language.

It is crucial to support your claims and arguments with pertinent facts and figures to give your financial management assignment more credibility. When necessary, use tables, graphs, and charts to visually illustrate your points and improve comprehension. Follow the proper referencing style and make sure to consistently and accurately cite your sources. By providing evidence to back up your claims, you show that you have a thorough understanding of the subject at hand and lay the groundwork for your analysis and conclusions.

Spend some time carefully editing and proofreading your financial management assignment before turning it in. Check your assignment carefully for grammatical, spelling, and punctuation errors to make sure it is error-free. Make sure your assignment reads well and is coherent, with logical connections between ideas and paragraphs. Edit your work for readability, clarity, and logical content organization. This entails looking over your sentences for clarity, your writing for consistency, and your assignment as a whole for the overall structure. You can polish your assignment and present a polished piece of work by going through a thorough proofreading and editing process.

In conclusion, writing a financial management assignment necessitates having a firm understanding of the subject and strong research abilities. You can write an engaging essay by studying the foundations of financial management, doing extensive research, and logically arranging your assignment. It is essential to use clear and concise language, back up your claims with proof, and carefully proofread your assignment for accuracy and clarity. By putting these techniques into practice, you'll not only impress your readers but also gain a deeper understanding of this important subject. Accept the challenge, implement the advice in this manual, and let your assignment serve as a showcase for your expertise in and enthusiasm for financial management. Wishing you luck as you complete your assignment!

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• Financial Management

Finance is the lifeline of any business. However, finances, like most other resources, are always limited. On the other hand, wants are always unlimited. Therefore, it is important for a business to manage its finances efficiently. As an introduction to financial management, in this article, we will look at the nature, scope, and significance of financial management, along with financial decisions and planning .

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Introduction to Financial Management

Let’s define financial management as the first part of the introduction to financial management. For any business, it is important that the finance it procures is invested in a manner that the returns from the investment are higher than the cost of finance. In a nutshell, financial management –

• Endeavors to reduce the cost of finance
• Ensures sufficient availability of funds
• Deals with the planning, organizing , and controlling of financial activities like the procurement and utilization of funds

                                                                                                                                                       Source: Pixabay

Some Definitions

“Financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business.” –  Guthman and Dougal

“Financial management is that area of business management devoted to a judicious use of capital and a careful selection of the source of capital in order to enable a spending unit to move in the direction of reaching the goals.” –  J.F. Brandley

“Financial management is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.”-  Massie

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Nature, Significance, and Scope of Financial Management

Financial management is an organic function of any business. Any organization needs finances to obtain physical resources, carry out the production activities and other business operations, pay compensation to the suppliers, etc. There are many theories around financial management:

• Some experts believe that financial management is all about providing funds needed by a business on terms that are most favorable, keeping its objectives in mind. Therefore, this approach concerns primarily with the procurement of funds which may include instruments, institutions, and practices to raise funds. It also takes care of the legal and accounting relationship between an enterprise and its source of funds.
• Another set of experts believe that finance is all about cash. Since all business transactions involve cash, directly or indirectly, finance is concerned with everything done by the business.
• The third and more widely accepted point of view is that financial management includes the procurement of funds and their effective utilization. For example, in the case of a manufacturing company , financial management must ensure that funds are available for installing the production plant and machinery. Further, it must also ensure that the profits adequately compensate the costs and risks borne by the business.

In a developed market, most businesses can raise capital easily. However, the real problem is the efficient utilization of the capital through effective financial planning and control.

Further, the business must ensure that it deals with tasks like ensuring the availability of funds, allocating them, managing them, investing them, controlling costs, forecasting financial requirements, planning profits and estimating returns on investment, assessing working capital, etc.

The scope of Financial Mangement

The introduction to financial management also requires you to understand the scope of financial management. It is important that financial decisions take care of the shareholders ‘ interests.

Further, they are upheld by the maximization of the wealth of the shareholders , which depends on the increase in net worth, capital invested in the business, and plowed-back profits for the growth and prosperity of the organization.

The scope of financial management is explained in the diagram below:

You can understand the nature of financial management by studying the nature of investment, financing, and dividend decisions.

Learn more about Supply Chain here in detail.

Core Financial Management Decisions

In organizations, managers in an effort to minimize the costs of procuring finance and using it in the most profitable manner, take the following decisions:

Investment Decisions:  Managers need to decide on the amount of investment available out of the existing finance, on a long-term and short-term basis. They are of two types:

• Long-term investment decisions or Capital Budgeting mean committing funds for a long period of time like fixed assets. These decisions are irreversible and usually include the ones pertaining to investing in a building and/or land, acquiring new plants/machinery or replacing the old ones, etc. These decisions determine the financial pursuits and performance of a business.
• Short-term investment decisions or Working Capital Management means committing funds for a short period of time like current assets. These involve decisions pertaining to the investment of funds in the inventory , cash, bank deposits , and other short-term investments. They directly affect the liquidity and performance of the business.

Financing Decisions:  Managers also make decisions pertaining to raising finance from long-term sources (called Capital Structure) and short-term sources (called Working Capital). They are of two types:

• Financial Planning decisions which relate to estimating the sources and application of funds. It means pre-estimating financial needs of an organization to ensure the availability of adequate finance. The primary objective of financial planning is to plan and ensure that the funds are available as and when required.
• Capital Structure decisions which involve identifying sources of funds. They also involve decisions with respect to choosing external sources like issuing shares, bonds, borrowing from banks or internal sources like retained earnings for raising funds.

Dividend Decisions:  These involve decisions related to the portion of profits that will be distributed as dividend. Shareholders always demand a higher dividend, while the management would want to retain profits for business needs. Hence, this is a complex managerial decision.

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Q1. What are the primary objectives of financial management?

The primary objectives of financial management are:

• Attempting to reduce the cost of finance
• Ensuring sufficient availability of funds
• Also, dealing with the planning, organizing, and controlling of financial activities like the procurement and utilization of funds.

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Financial Accounting

Assignments.

The assignments in this course are openly licensed, and are available as-is, or can be modified to suit your students’ needs. Answer keys are available to faculty who adopt Lumen Learning courses with paid support. This approach helps us protect the academic integrity of these materials by ensuring they are shared only with authorized and institution-affiliated faculty and staff.

If you import this course into your learning management system (Blackboard, Canvas, etc.), the assignments will automatically be loaded into the assignment tool.

You can view them below or throughout the course.

• Module 0: Personal Accounting— Assignment: Creating a Budget
• Module 1: The Role of Accounting in Business— Assignment: Lopez Consulting
• Module 2: Accounting Principles— Assignment: Accounting Principles
• Module 3: Recording Business Transactions— Assignment: Recording Business Transactions
• Module 4: Completing the Accounting Cycle— Assignment: Completing the Accounting Cycle
• Module 5: Accounting for Cash— Assignment: Accounting for Cash
• Module 6: Receivables and Revenue— Assignment: Manilow Aging Analysis
• Module 7: Merchandising Operations— Assignment: Merchandising Operations
• Module 8: Inventory Valuation Methods— Assignment: Inventory Valuation Methods
• Module 9: Property, Plant, and Equipment— Assignment: Property, Plant, and Equipment
• Module 10: Other Assets— Assignment: Other Current and Noncurrent Assets
• Module 11: Current Liabilities— Assignment: Calculating Payroll at Kipley Co
• Module 12: Non-Current Liabilities— Assignment: Non-Current Liabilities
• Module 13: Accounting for Corporations— Assignment: Collins Mfg Stockholders’ Equity
• Module 14: Statement of Cash Flows— Assignment: Kachina Sports Company Cash Flows
• Module 15: Financial Statement Analysis— Assignment: Coca Cola FSA

Discussions

The following discussion assignments will also be preloaded (into the discussion-board tool) in your learning management system if you import the course. They can be used as is, modified, or removed. You can view them below or throughout the course.

• Module 0: Personal Accounting— Discussion: Winning the Lottery
• Module 1: The Role of Accounting in Business— Discussion: The Crafty Coffee Crook
• Module 2: Accounting Principles— Discussion: SoftSheets
• Module 3: Recording Business Transactions— Discussion: Baker’s Breakfast Bars
• Module 4: Completing the Accounting Cycle— Discussion: Closing the Books in QuickBooks
• Module 5: Accounting for Cash— Discussion: Counter Culture Cafe
• Module 6: Receivables and Revenue— Discussion: Maximizing Revenue
• Module 7: Merchandising Operations— Discussion: Inventory Controls
• Module 8: Inventory Valuation Methods— Discussion: LIFO, FIFO, Specific Identification, and Weighted Average
• Module 9: Property, Plant, and Equipment— Discussion: Cooking the Books
• Module 10: Other Assets— Discussion: Other Assets
• Module 11: Current Liabilities— Discussion: Current Liabilities
• Module 12: Non-Current Liabilities— Discussion: Off-Balance Sheet Financing
• Module 13: Accounting for Corporations— Discussion: Home Depot
• Module 14: Statement of Cash Flows— Discussion: Facebook, Inc.
• Module 15: Financial Statement Analysis— Discussion: Financial Statement Analysis

Alternative Excel-Based Assignments

For Modules 3–15, additional excel-based assignments are available below.

Module 3: Recording Business Transactions

• Module 3 Excel Assignment A
• Module 3 Excel Assignment B

Module 4: The Accounting Cycle

• Module 4 Excel Assignment A
• Module 4 Excel Assignment B
• Module 4 Excel Assignment C
• Module 4 Excel Assignment D

Module 5: Accounting for Cash

• Module 5 Excel Assignment

Module 6: Receivables and Revenue

• Module 6 Excel Assignment A
• Module 6 Excel Assignment B

Module 7: Merchandising Operations

• Module 7 Excel Assignment

Module 8: Inventory Valuation Methods

• Module 8 Excel Assignment A
• Module 8 Excel Assignment B
• Module 8 Excel Assignment C

Module 9: Property, Plant, and Equipment

• Module 9 Excel Assignment A
• Module 9 Excel Assignment B

Module 10: Other Assets

• Module 10 Excel Assignment

Module 11: Current Liabilities

• Module 11 Excel Assignment

Module 12: Non-Current Liabilities

• Module 12 Excel Assignment A
• Module 12 Excel Assignment B

Module 13: Accounting for Corporations

• Module 13 Excel Assignment A
• Module 13 Excel Assignment B
• Module 13 Excel Assignment C

Module 14: Statement of Cash Flows

• Module 14 Excel Assignment A
• Module 14 Excel Assignment B

Module 15: Financial Statement Analysis

• Module 15 Excel Assignment

Review Problems

There are also three unit review assignments and a final review. These reviews include a document which sets up the problems and an excel worksheet.

Unit 1 Review Problem (After Module 6)

• Review Problem Document

Unit 2 Review Problem (After Module 8)

Unit 3 review problem (after module 9), final review (after module 15).

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The Bottom Line

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Strategic Financial Management: Definition, Benefits, and Example

Investopedia / Dennis Madamba

What Is Strategic Financial Management?

Strategic financial management means not only managing a company's finances but managing them with the intention to succeed—that is, to attain the company's long-term goals and objectives and maximize shareholder value over time.

Key Takeaways

• Strategic financial management is about creating profits for the business over the long run.
• It seeks to maximize return on investment for stakeholders.
• This differs from tactical management, which looks to seize near-term opportunities.
• A financial plan is strategic and focuses on long-term gain. 
• Strategic financial planning varies by company, industry, and sector.

Understanding Strategic Financial Management

Strategic financial management is about creating profit for the business and ensuring an acceptable return on investment (ROI). Financial management is accomplished through business financial plans, setting up financial controls, and financial decision-making.

Before a company can manage itself strategically, it first needs to define its objectives precisely, identify and quantify its available and potential resources, and devise a specific plan to use its finances and other capital resources toward achieving its goals.

Strategic management also involves understanding and properly controlling, allocating, and obtaining a company's assets and liabilities, including monitoring operational financing items like expenditures, revenues, accounts receivable and payable, cash flow, and profitability.

Strategic financial management encompasses furthermore involves continuous evaluating, planning, and adjusting to keep the company focused and on track toward long-term goals. When a company is managing strategically, it deals with short-term issues on an ad hoc basis in ways that do not derail its long-term vision.

Strategic financial management includes assessing and managing a company's capital structure, the mix of debt and equity finance employed, to ensure a company's long-term solvency.

Strategic vs. Tactical Financial Management

The term "strategic" refers to financial management practices that are focused on long-term success, as opposed to "tactical" management decisions, which relate to short-term positioning. If a company considers strategic considerations instead of tactical ones, it makes financial decisions based on long-term objectives rather than short-term metrics. To realize those results, a firm sometimes must tolerate losses in the present.

"Strategic" management focuses on long-term success and "tactical" management relates to short-term positioning.

Part of effective strategic financial management thus may involve sacrificing or readjusting short-term goals in order to attain the company's long-term objectives more efficiently. For example, if a company suffered a net loss for the previous year, then it may choose to reduce its asset base through closing facilities or reducing staff, thereby decreasing its operating expenses. Taking such steps may result in restructuring costs or other one-time items that negatively affect the company's finances further in the short term, but which position the company better to succeed in the long term.

These short-term versus long-term tradeoffs often need to be made with various stakeholders in mind. For instance, shareholders of public companies may discipline management for decisions that negatively affect a company's share price in the short term, even though the long-term health of the company becomes more solid by the same decisions.

The average salary of a Strategic Finance Manager in the United States, according to ZipRecruiter. That amounts to about $57 per hour.

The Elements of Strategic Financial Management

A company will apply strategic financial management throughout its organizational operations, which involves designing elements that will maximize the firm's financial resources and use them efficiently. Here a firm needs to be creative, as there is no one-size-fits-all approach to strategic management, and each company will devise elements that reflect its own particular needs and goals. However, some of the more common elements of strategic financial management could include the following.

• Define objectives precisely.
• Identify and quantify available and potential resources.
• Write a specific business financial plan.
• Help the company function with financial efficiency, and reduce waste.
• Identify areas that incur the most operating costs, or exceed the budgeted cost.
• Ensure sufficient liquidity to cover operating expenses without tapping external resources.
• Uncover areas where a firm may invest earnings to achieve goals more effectively.

Managing and Assessing Risk

• Identify, analyze, and mitigate uncertainty in investment decisions.
• Evaluate the potential for financial exposure; examine capital expenditures (CapEx) and workplace policies.
• Employ risk metrics such as degree of operating leverage calculations, standard deviation, and value-at-risk (VaR) strategies.

Establishing Ongoing Procedures

• Collect and analyze data.
• Make financial decisions that are consistent.
• Track and analyze variance—that is, differences between budgeted and actual results.
• Identify problems and take appropriate corrective actions.

Strategies Based on Industry

Just as financial management strategies will vary from company to company, they also can differ according to industry and sector .

Firms that operate in fast-growing industries—like information technology or technical services—would want to choose strategies that cite their goals for growth and specify movement in a positive direction. Their objectives, for example, might include launching a new product or increasing gross revenue within the next 12 months.

On the other hand, companies in slow-growing industries—like sugar manufacturing or coal-power production—could choose objectives that focus on protecting their assets and managing expenses, such as reducing administrative costs by a certain percentage.

What Are the Benefits of Strategic Management?

Having a long-term focus helps a company maintain its goals, even as short-term rough patches or opportunities come and go. As a result, strategic management helps keep a firm profitable and stable by sticking to its long-run plan. Strategic management not only sets company targets but sets guidelines for achieving those objectives even as challenges appear along the way.

What Is the Scope of Strategic Financial Management?

Strategic management can encompass all aspects of a firm's long-term objectives. Financial management often plays a key role in this, which involves cost reduction, risk management, and budgeting.

What Is the Ultimate Objective of Strategic Financial Management?

The goal of strategic financial management is to ensure that long-term goals are properly planned for and ultimately met.

Strategic financial management refers to the long-term plans a company makes to grow in the long-term, and ultimately maximize value for the shareholders. Although exact strategies will vary, this typically entails setting precise objectives, and analyzing the company's advantages and resources in order to achieve those goals.

ZipRecruiter. " Strategic Finance Manager Salary ."

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• NOC:Financial Management For Managers (Video) 
• Co-ordinated by : IIT Roorkee
• Available from : 2019-11-13
• Intro Video
• Fundamentals of Financial Management - Part I
• Fundamentals of Financial Management - Part II
• Fundamentals of Financial Management - Part III
• Fundamentals of Financial Management - Part IV
• Fundamentals of Financial Management - Part V
• Financial Planning and Forecasting – Part I
• Financial Planning and Forecasting – Part II
• Financial Planning and Forecasting – Part III
• Financial Planning and Forecasting – Part IV
• Time Value of Money – Part I
• Time Value of Money – Part II
• Time Value of Money – Part III
• Time Value of Money – Part IV
• Time Value of Money – Part V
• Time Value of Money – Part VI
• Time Value of Money – Part VII
• Capital Budgeting - Part I
• Capital Budgeting - Part II
• Capital Budgeting - Part III
• Capital Budgeting - Part IV
• Capital Budgeting - Part V
• Capital Budgeting - Part VI
• Capital Budgeting - Part VII
• Capital Budgeting - Part VIII
• Capital Budgeting - Part IX
• Capital Budgeting - Part X
• Capital Budgeting - Part XI
• Capital Budgeting - Part XII
• Estimation of Project Cash Flows - Part I
• Estimation of Project Cash Flows - Part II
• Estimation of Project Cash Flows - Part III
• Estimation of Project Cash Flows - Part IV
• Estimation of Project Cash Flows - Part V
• Estimation of Project Cash Flows - Part VI
• Estimation of Project Cash Flows - Part VII
• Estimation of Project Cash Flows - Part VIII
• Estimation of Project Cash Flows - Part IX
• Estimation of Project Cash Flows - Part X
• Estimation of Project Cash Flows - Part XI
• Risk Analysis in Capital Budgeting - Part I
• Risk Analysis in Capital Budgeting - Part II
• Risk Analysis in Capital Budgeting - Part III
• Risk Analysis in Capital Budgeting - Part IV
• Risk Analysis in Capital Budgeting - Part V
• Risk Analysis in Capital Budgeting - Part VI
• Risk Analysis in Capital Budgeting - Part VII
• Cost of Capital - Part I
• Cost of Capital - Part II
• Cost of Capital - Part III
• Cost of Capital - Part IV
• Cost of Capital - Part V
• Cost of Capital - Part VI
• Cost of Capital - Part VII
• Capital Structure - Part I
• Capital Structure - Part II
• Capital Structure - Part III
• Capital Structure - Part IV
• Capital Structure - Part V
• Dividend Decisions - Part I
• Dividend Decisions - Part II
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9.13: Assignment- Financial Strategies in Retail

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For this assignment, you will download and complete the following worksheet:

• Assignment: Financial Strategies in Retail (PDF)
• Assignment: Financial Strategies in Retail (.docx)

This assignment is worth 25 points; the points for each question are indicated on the worksheet.

Contributors and Attributions

• Assignment: Financial Strategies in Retail. Provided by : Lumen Learning. License : CC BY: Attribution

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Top 22 Things To Do In Tyumen, Russia

Tyumen, Russia is known for being one of the most oil-rich areas in the country. Fittingly, it’s also the administrative center of the Tyumen oblast, and the central hub of Russia’s enormous oil and gas industry. Beneath its administrative, all-business facade, however, it’s also a city that’s brimming with history and culture. For one, it was founded in 1586, and has the honor of being the first and oldest Russian city in Siberia. Apart from its rich history, it’s also home to vibrant cultural and religious scenes. From the magnificent Znamensky Cathedral to the bustling nightlife at the In Da Yusa, explore the multi-faceted city of Tyumen, Russia! Check out some things to do in Tyumen, Russia.

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Top 10 Muslim-Friendly Hotels In Moscow, Russia

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Table Of Contents

• 1. Marvel at the beautiful Znamensky Cathedral
• 2. Witness the sunset along the Embankment of the Tura River
• 3. Enjoy a lovely stroll with your partner across Bridge of Lovers
• 4. Enrich yourself with a visit to Historical Park Rossiya - Moya Istoriya
• 5. Have a picnic at Gilevskaya Grove
• 6. Listen to the bells of Holy Trinity Men's Monastery
• 7. Watch a drama performance at Tyumen Drama Theater
• 8. Have a relaxing stroll around at Siberian Cats Park
• 9. Be awed by the opulent Sophia Uspensky Cathedral in winter
• 10. Travel back in time with a visit to Burkov's Manor House
• 11. Tour Ioanno-Vvedensky Nunnery
• 12. Rest and rejuvenate at Hot Springs Avan
• 13. Browse through the exhibits at City Council Local History Museum
• 14. Be awed by one of the largest statues of Lenin in Russia
• 15. Have a splashing good time at Water Park Leto Leto
• 16. Pay a visit to Church of the Saviour
• 17. Appreciate man's best friend at the Monument to Homeless Dog
• 18. Soothe your soul in the calm St. Elijah Convent
• 19. Remember the dark history of the WWII Monument
• 20. Get active at Zatyumensky Park
• 21. Soak in the nightlife vibes at In Da Yusa
• 22. Enjoy a day out at Zoo, baza otdykha Sosnoviy Bor with your children
• There's something for everyone in Tyumen, Russia

Dating back to the 17th century, the Znamensky Cathedral has had a long and varied history. The cathedral first took the form of a small wooden chapel when it was first constructed and was eventually upgraded and expanded into a stone church in the late 1700s. After the Russian revolution that concluded in 1917, it was briefly used as a prison, and once again used for military. Today, it’s a church that conducts many activities and services within its hallowed halls. Its prominent blue-and-white architecture strikes a beautiful, impressive figure in the city center.

Znamensky Cathedral Address : 13 Semakova St., Tyumen, Tyumen Oblast, Russia, 625003 Website : Znamensky Cathedral Opening hours : 24 hours (daily) Price : Free

A 4 km-long (2.5 mi) embankment along the shores of the Tura River, it’s a tranquil, walkable route that’s filled with lush greenery and sculptures along the way. Head over here and sit along the river in the evening and admire the splendid beauty of the sunset. The perfectly manicured lawns along the river bank is also a great place to have a nice stroll or a picnic with your family - trust us, you’ll see many like-minded families doing that!

Tura River Embankment Address : Respubliki St. and Lenina St., Tyumen, Russia Opening hours : 24 hours (daily) Price : Free

After admiring the sunset along the embankment, enjoy a romantic stroll with your date across the Bridge of Lovers. It’s decorated with graffitied declarations of love and couples used to attach padlocks as a mark of their everlasting love on its railings (although the government decided to crack down on this a while ago). Illuminated by colored spotlights at night, it’s bound to be an amazing spectacle - and great for some photo ops as well!

Tyumen Lover's Bridge Address : Respubliki St. and Lenina St., Tyumen, Russia Opening hours : 24 hours (daily) Price : Free

An extremely educational and insightful look into the history and crafting of Russia’s national identity, this attraction is a must-see for everyone, especially museum buffs! If you’re not a fan of museums, you’ll be pleased to know that the multimedia exhibits here are mostly interactional, and highly engaging. History Park Russia is a collection of exhibits across the country, organized to share the country’s rich history with visitors. The entire museum spans four floors of exhibits. You’ll need to dedicate at least a few hours to fully absorb the wealth of information in the museum; it’s definitely possible to spend a whole day here.

Historical Park Rossiya - Moya Istoriya Address : Ordzhonikidze St., 47, Tyumen, Tyumen Oblast, Russia Website : Historical Park Rossiya - Moya Istoriya Opening hours : Tue - Sun: 10am - 8pm (closed on Mon ) Price : Free

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Spend a relaxing day with your family among the lush greenery of Gilevskaya Grove! Located on the outskirts of the city, it might be rather difficult to reach the park (especially if you don’t have a car); however, the trip there is well worth it! There’s an outdoor activity for everyone here, with facilities like a football and hockey field, tennis courts, a gazebo for picnicking, children’s playgrounds, and even a barbecue pit. Take note, however, that food and beverage outlets aren’t very common here so pack your own food!

6. Listen to the bells of Holy Trinity Men's Monastery

Listen to the fabled sounds of ringing bells, and if you’re lucky, catch their boy’s choir during a performance. Soak in the tranquility of its grounds and admire the magnificent architecture of the buildings. Regardless of your religious beliefs, this monastery is a serene and beautiful place that’s a peaceful escape from the hectic city life.

Holy Trinity Men's Monastery Address : Kommunisticheskaya, 10, Tyumen 625001, Russia Website : Holy Trinity Men’s Monastery

Calling all drama fans, here’s an activity you’ll appreciate! Dedicate an evening at the Tyumen Drama Theater to watch a performance put up by their talented troupe - you definitely won’t regret it! Housed in a majestic, coliseum-like building, its drama troupe comprises of 44 skilled actors. With more than five ongoing shows at any one time, you’ll be able to find a show to enjoy.

Tyumen Drama Theater Address : Respubliki, 129, Tyumen, Tyumen Oblast, Russia 625048 Website : Tyumen Drama Theater Opening hours : 10am - 8pm (daily) Price : Admission prices vary

One of the more unique parks you’ll come across in Tyumen, the Siberian Cats Park is so-called because it’s full of statues of cats, all depicted in various catty poses. The park was established in honor of the feline residents of Tyumen who saved Leningrad from a rat invasion after World War 2. 5,000 cats (from around the region) were mobilized for this mission in total, and valiantly succeeded. Cat lovers are bound to enjoy an excursion here!

Siberian Cats Park Address : Pervomayskaya St., 11, Tyumen, Tyumen Oblast, Russia 625000 Opening hours : 24 hours (daily) Price : Free

The oldest cathedral in Siberia, there’s definitely more to it than its beautiful architecture. Now the main temple of the Tobolsk Orthodox Seminary, the cathedral has had a long history - it’s even been ravaged by fires twice, but was rebuilt and reinforced with stone in the 19th century. Drop by it in winter if you’ve got the chance for a truly striking view. Set against the snowy backdrop, the golden, snow-capped domes of the cathedral make for a very stunning contrast.

Sophia Uspensky Cathedral Address : 2 Krasnaya Square, Tobolsk, Tyumen Oblast, Russia 626152 Website : Sophia Uspensky Cathedral Opening hours : 10am - 8pm (daily) Price : Free

There's something for everyone in Tyumen, Russia

Regardless of whether you’re a history buff that’s looking to explore the city’s rich history, or looking for a relaxing R&R trip with your family, Tyumen definitely has it all - you certainly won’t be bored in the administrative centre of Russia’s Tyumen region!

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As a student, Gillian's wanderlust is limited by her meagre bank account. In her spare time, she likes looking at AirBnBs she cannot afford, playing with her pets (2 budgies and a dog!) and... Read more

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Tyumen: Bourgeois Siberian oil capital

The Lover’s Bridge in Tyumen. Source: RIA Novosti

There’s something different about Tyumen. This city of over half a million people was the first Russian settlement in Siberia. Today, it’s the capital of the vast Tyumen Oblast, or province, that stretches from the Kazakhstan border north to the Arctic Ocean. Tyumen Oblast is home to the majority of Russia’s seemingly limitless oil and natural gas reserves. Some of the world’s largest drilling companies have officers here, and Tyumen residents enjoy much higher incomes than elsewhere in Russia. The result is a cosmopolitan city with a bright outlook on the future.

A stop in Tyumen provides an interesting glimpse into how modern Russia’s oil revenue has influenced Siberia’s oldest Russian city. Tyumen is a great stopover point on the Trans-Siberian Railroad and a short ride from Yekaterinburg (five hours) or Tobolsk (four hours).

How to get there

Direct flights run each day between Tyumen and Moscow or St. Petersburg ($450 roundtrip). Tyumen is also located on the Trans-Siberian Railroad. Trains leave Moscow in the afternoon and evening ($110-250, 32-38 hours).

In the 16th century, Russia started expanding eastward into parts of Central Asia ruled by the Tatars, an Islamic people who still live thoughout Russia. A band of Cossacks wrested control of Tyumen from the Tatars in 1580. Six years later, Russians established a fort in Tyumen on the Tura River.

For centuries, Tyumen vied with the nearby city of Tobolsk—once the official capital of Siberia—for the prestige of the region’s most important city. Tyumen won in the end, when the Trans-Siberian Railroad bypassed Tobolsk and was routed through this now oil-rich city.

Tyumen played an important role in Russian history during times of war. At the beginning of the Russian Civil War, the Bolshevik Red Army slowly pushed the White Army, commanded by Admiral Alexander Kolchak, into Siberia. Kolchak and his anti-Bolshevik forces holed up in Tyumen until the Red Army overtook them in January of 1918.

Tura River. Source: Lori / Legion Media

During the Second World War, many Russian industries were moved away from the front to Siberian cities. Tyumen had already become an industrial capital during the early Soviet era, and the city became an ideal spot to relocate Russia’s western factories. As Nazi forces approached Russia in 1941, the embalmed body of Vladimir Lenin was sent from the Lenin Mausoleum in Moscow’s Red Square by train to the Tyumen State Agricultural Academy for safekeeping. In 1945, Lenin’s body was shipped back to Moscow.

Where to stay

Located in a stunningly remodeled Soviet building, The Hotel Vostok offers modern rooms ($80-125). Far more luxurious—and twice as expensive—is The Hotel Tyumen .

Some of the factories relocated to Tyumen during wartime remained in the city. The discovery of oil in the region catapulted Siberia’s oldest Russian settlement to further prosperity. Modern Tyumen is a vibrant city with a number of universities and a revamped center well-suited for exploration by foot.

Start your walking tour around central Tyumen on Ulitsa Respubliki. The city’s main drag has fine pedestrian walkways and leads wanderers past an impressive collection of tsarist-era buildings that recall Tyumen’s importance in the beginning of Russia’s colonization of Siberia.

From the southeastern end of Ul. Respubliki, head north toward the Tura River and take a brief side trip onto Ul. Ordzhonikidze to visit the Fine Arts Museum (47 Ul. Ordzhonikidze) which houses exhibits of classical Russian and Soviet art as well as traditional bone carving and works produced by the native people who live in the far north of Tyumen Oblast.

Detail of wood carvings and windows on wooden house. Source: Getty Images

Back on Ul. Respubliki, you’ll soon see the city’s requisite Lenin statue by the local government buildings. A block away, opposite Lenin, is Tyumen’s city park, a delightful place to walk or hop on one of its amusement rides.

Most Siberian cities developed under the watchful eyes of the atheist Soviet regime and churches are usually not Siberia’s strongpoint. But this isn’t true in four-centuries-old Tyumen. Strolling up Ul. Respubliki, you’ll soon come to the Church of the Saviour (41 Ul. Lenina) and the Znamensky Cathedral (13 Ul. Semakova). Each of these stunning Baroque-influenced churches are located right off Ul. Respubliki and were built in the late 18th century.

Tyumen is also famous for its historic wooden houses. Heading further up Ul. Respubliki, stop to wander around some of the side streets and snap photos of these ornate wooden structures which provide a glimpse back in time. Near the Tura River, you’ll pass a civil war monument in remembrance of the Tyumen natives who died fighting the White Army and the Tyumen State Agricultural Academy (7 Ul. Respubliki) an impressive building in its own right where Lenin was stored during the Second World War.

Near the end of Ul. Respubliki, take a walk over the Tura River on the Lover’s Bridge, a suspension bridge open to foot traffic only that has become one of Tyumen’s iconic sights. The other side of the river is a great place to see more of Tyumen’s signature wooden houses as well as take in the churches scattered around the city center.

Save the best for last and visit the Trinity Monastery (10 Ul. Kommunisticheskaya) at the end of Ul. Respubliki. A white wall surrounds the monastery, giving it the appearance of a mini-kremlin, and the golden onion domes of the 18th century churches within should not be missed.

Although navigating Tyumen is straightforward enough, the St. Petersburg-based travel company OSTWEST can arrange a city tour in Tyumen and the surrounding countryside. 

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• Places - Siberia and the Russian Far East

TYUMEN AND KURGAN: RASPUTIN, PRISONS AND THE GATEWAY TO WESTERN SIBERIA

Western siberia.

Western Siberia has traditionally been defined as the area of land between the Ural Mountains and the Yenisei River. Much of it lies on the West Siberian Plain which is lower and slightly warmer than the higher Central Siberia Plain.

The forests are dominated by pine, spruce and fir. The hardier larch dominates on other side of the Yenisey. The large industrial cities of Yekaterinburg, Novosibirsk and Kransoyarsk are on the Trans-Siberian Railroad. Some of the most interesting area are in the Republic of Altay and Tuva near the Mongolian border.

Western Siberia is also quite swampy and has a lot of mosquitos. Ian Frazier wrote in The New Yorker, “ The country’s swampiness did not manifest itself in great expanses of water with reeds and trees in it, like the Florida Everglades. There were wide rivers and reedy places, but also birch groves and hills and yellow fields. The way you could tell you were in the swamp was, first, that the ground became impassably soggy if you walked at all far in any direction; and, second, by the mosquitoes....Western Siberia has the largest swamps in the world. In much of Siberia, the land doesn’t do much of anything besides gradually sag northward to the Arctic. The rivers of western Siberia flow so slowly that they hardly seem to move at all.” [Source: Ian Frazier, The New Yorker, August 3, 2009, Frazier is author of “Travels in Siberia” (2010)]

On driving through the region, Frazier wrote: “Beyond Yekaterinburg, the road lay straight through grain fields like Nebraska’s or Iowa’s, and the sky unfolded itself majestically outward and higher. Vistas kept appearing until the eye hardly knew what to do with them—dark-green tree lines converging at a distant yellow corner of the fields, and the lower trunks of a birch grove black as a bar code against a sunny meadow behind them, and the luminous yellows and greens of vegetables in baskets along the road, and grimy trucks with only their license numbers wiped clean, their black diesel smoke unravelling behind them across the sky.

“And everywhere the absence of fences. I couldn’t get over that. In America, almost all open country is fenced, and your eye automatically uses fence lines for reference the way a hand feels for a bannister. Here the only fenced places were the gardens in the villages and the little paddocks for animals. Also, here the road signs were fewer and had almost no bullet holes. This oddity stood out even more because the stop signs, for some reason, were exactly the same as stop signs in America: octagonal, red, and with the word “stop” on them in big white English letters. Any stop sign in such a rural place in America (let alone a stop sign written in a foreign language) would likely have a few bullet holes.”

West Siberia Oil

West Siberia is Russia's main oil-producing region, accounting for about 6.4 million barrels per day of liquids production, more than 60 percent of Russia's total production in 2013.10 One of the largest and oldest fields in West Siberia is Samotlor field, which has been producing oil since 1969. Samotlor field has been in decline since reaching a post-Soviet era peak of 635,000 barrels per day in 2006. However, with continued investment and application of standard enhanced oil recovery techniques, decline at the field has been kept to an average of 5 percent per year from 2008 to 2014, significantly lower than the natural decline rate for mature West Siberian fields of 10-14 percent per year. [Source: U.S. Energy Information Administration, July 2015 ~]

Other large oil fields in the region include Priobskoe, Prirazlomnoe, Mamontovskoe, and Malobalykskoe. While this region is mature, West Siberian production potential is still significant but will depend on improving production economics at fields that are more complex and which contain a significant portion of remaining reserves. ~

The Bazhenov shale layer, which lies under existing resource deposits, also holds great potential. In the 1980s, the Soviet government tried to stimulate production by detonating small nuclear devices underground. In recent years, the government has used tax breaks to encourage Russian and international oil companies to explore the Bazhenov and other shale reservoirs. However, most shale exploration activities in Russia have been suspended because of sanctions. ~

Meeting Babes and Hanging with the Locals in Western Siberia

On the segment of his journey in Tyumen oblast, Ian Frazier wrote in The New Yorker: ““I did not like being left in camp, but I had brought that duty on myself. What with my awkwardness in the language, and the fact that I didn’t drink, I sometimes preferred to stay in camp and read a book while Sergei and Volodya were hanging out and socializing with people they’d met along the way. But that does not quite describe the problem, either. By now we were in remote places where the arrival of a vehicle with St. Petersburg license plates was news. Even the highway police, when they waved us over at checkpoints, were a bit wide-eyed as they examined our documents—“Where do you live in America? What do you do?”—and so on. One young policeman, before he saw my passport, asked wistfully, “Is it expensive to live in St. Petersburg?” And this curiosity seemed to affect the local women even more strongly than it did the men. [Source: Ian Frazier, The New Yorker, August 10 and 17, 2009, Frazier is author of “Travels in Siberia” (2010)]

“I’m not saying that women paraded through our campsites wherever we happened to be; but they did show up occasionally, even when we were camped far from any village. A few nights before, in a glade well off the road, I had just got into my sleeping bag when Sergei rousted me out so that I could meet two women whom he described as schoolteachers eager to meet me. Dutifully, I got up and emerged and made conversation with the schoolteachers for a while. They had wanted to see the American, and I think Sergei had felt compelled to prove that he really did have one. Then he and Volodya and the schoolteachers went off—to a birthday party, Sergei said, at a picnic spot nearby. I demurred and returned to my tent. The idea of chasing women in Siberia would have made me nervous even had I not been married. Sergei and Volodya found my reluctance mystifying.

“Tobolsk, our local destination—a must-see as far as I was concerned—was about an hour and a half away. In the morning, Sergei announced that we would drive to Tobolsk now, spend the day there, then come back here and camp for another night. Rather tiredly, he and Volodya broke camp and packed the van. Then we drove off, with a first stop at the village, where three women were waiting for us. The youngest of them, a sturdy, round woman of about thirty with blond-streaked hair, came up to Sergei and took his hand. She seemed delighted with her luck in having met him. The other two women were in their late fifties or early sixties and did not appear to have been principals in last night’s socializing. These two were sisters. One of them was the blond-streaked young woman’s mother, the other her aunt.

“Both the aunt and the mother had brown, deeply weathered faces. The mother wore a brown cloth Lenin-type cap, a dark-gray overcoat-smock with holes in it, brown bloused pants with red-brown patches, and knee-high rubber boots. The aunt was dressed similarly, but she had a head of wiry hair dyed yellow-orange. Both carried big galvanized pails. They were on their way to pick berries, and we were going to give them a ride to the berry patch, a few kilometers away. The mother started right in talking to me. Sergei must have told her that I was interested in Yermak, because she informed me that Yermak and his men had camped at the exact spot where we were last night. I asked how she knew this and she said, “It’s a fact, everybody knows it,” adding that the aunt had even written a paper about this subject. The aunt nodded her head in confirmation. The mother went on to tell us about the aunt’s paper, and what it said, and where it was published. With more verifying nods, the aunt backed up each detail. I asked the aunt what her job was. “She’s a philologist,” the mother said. With matter-of-fact pride, the aunt nodded again.

“At the berry patch, the mother showed me what they were picking—a small, round berry growing close to the ground on a plant with leaves like strawberry leaves. It looked like a holly berry and was very sour but sweet, with a big stone. There were thousands of them. The mother said its name was kostyanika. (The name means “stone berry.”) She said they made a jam of it to put in tea.”

KURGAN OBLAST

Kurgan Oblast is known as the gateway to Siberia. Crossed by the Baikal federal highway and the Trans-Siberian railway, it covers 71,000 square kilometers (27,000 square miles), is home to about 910,000 people and has a population density of only 13 people per square kilometer. About 60 percent of the population live in urban areas. The city Kurgan is the capital and largest city, with about 330,000 people.

Kurgan region is located at the junction of the Urals and Siberia, in the Tobol and Iset river basins. The regions is famous famous for healing saline lakes, healing mud and ancient kurgans (burial mounds) Winters are cold and with relatively little snow. The average temperature is around - 18°C. Summers are pleasant and dry, with the average temperature around 19°C. There are many places where you can enjoy hiking, cycling, horse riding, SUV driving, snowmobiling and cross-country skiing. Among the most popular destinations are Savin Sanctuary, the Trans-Ural Stonehenge in Belozersk, which scientists believe may have been an observatory in ancient times; and Tsarevo Gorodishche park,

Getting There: By Plane: The city of Kurgan has an airport. From Moscow it is a three-hours direct flight. Tickets are about from 8000 rubles. From St. Petersburg with a transfer in Moscow it takes about 7 hours. The ticket is around 15,000 rubles. (round trip for an adult). By Train: An alternative route of the Trans-Siberian Railway passes through Kurgan. From Moscow the trip takes about 34 hours and a one way ticket costs 10,000 rubles. From St. Petersburg with a transfer in Moscow the trip takes two days and costs 21,000 rubles round-trip for a berth in a compartment. By Car: The distance from Moscow to Kurgan by road is 2158 kilometers and can be driven in about a day and half of straight driving. Transport in the Region: The main forms of transport in the Kurgan region are trains and buses: Prices for places from Kurgan City: Shadrinsk: 476 rubles; Shumiha: 408 rubles; Kurtamysh: 284 rubles; Dalmatovo: 499 rubles; Kataysk: 567 rub; Petukhovo: 399 rubles; Lebyazhie: 238 rubles; Krestovskoe: 331 rubles.

History of Kurgan

The history of the city of Kurgan begins with the settlement Tsarevo Gorodishche, founded in 1679 by a peasant named Timofei Nevezhin at the foot of ancient burial mounds. At the beginning of the 18th century, the fortified settlement was called Tsarekurgan or Kurgan sloboda. In 1782, due to the formation of Tobolsk province on the order of Empress Catherine II, the settlement received the status of a city, and was called Kurgan (kurgan means “mound” in Russian).

In tsarist times, a small town became a place of exile; it saw the Polish insurgents, the Decembrists, the Narodnaya Volya. The Decembrist A. E. Rosen noted in 1832: “The city is built on the banks of the Tobol, has three streets longitudinal with cross lanes. All structures are wooden, except two stone buildings.”

The city's history took a sharp turn in the late 19th century: the first rails of the Great Siberian Railway were laid through Kurgan in 1894. By the beginning of the 20th century, Kurgan turned from a quiet county town into one of the major trade and industrial centers of the Urals and Siberia, known outside the Russian Empire. There were 49 enterprises in Kurgan by 1913. Kurgan butter was exported to Europe, America, New Zealand. Kurgan was called “the capital of butter”, “the London's kitchen”, “Siberian Italy”. By 1917, it had become one of the most developed cities of the Tobolsk province.

The Kurgan region took its place on the map of Russia in 1943 and got the status of a regional center at the same time. The construction of multi-storey houses was started, the economy and culture developed. Kurgan was awarded the Order of the Red Banner of Labor for success in economic activity in 1982.

Kurgan City

Kurgan, a town on the east side of the Urals, is the gateway to Siberia. Settled by Russians in 1782 it became an important trade center when the construction of the Trans-Siberian Railway began a century later. Since the collapse of the Soviet Union, its population has been steadily declining from 355,517 (1989 Census) to 345,515 (2002 Census) to 333,606 (2010 Census).

In the center of the city you can find historical and architectural monuments of 18th-20th centuries: merchant houses and manors, monuments of wooden architecture and the cathedral of St. Alexander Nevsky. The architectural ensemble in Kurgan central square was created in the 1950s by Leningrad architects-designers. The G. A. Ilizarov, Scientific Center of Restorative Traumatology and Orthopedics is well-known in Russia for treating diseases and injuries of the musculoskeletal system, including the most complex ones. Transosseous osteosynthesis was pioneered at the center.

If you make it to Kurgan, visit the bronze postman, a monument to zero kilometer marker at the junction of roads to many placed check out the colorful 27-meter-high fire tower, and then go try the famous Shadrinsky goose and printed gingerbread cookies. Accommodation: The medieval-style Aivengo Hotel has rooms that start at 2700 rubles per night and has a fitness room, baths, and saunas. A less expensive option is Victoria Apartments with apartments starting at 1300 rubles per day. Not all attractions of the region can be reached by taxi or public transport. You can rent a car at Avalon for 1100 rubles per day.

St. Alexander Nevsky Cathedral Church is considered one of the most beautiful buildings in the town; it is listed in the Encyclopedia Britannica as an outstanding monument of architecture. The construction of the church began in 1896,. The church was open for worship for a relatively short time: before it was closed in 1929 by the Soviets. Under the, it was a museum, then housed the Department of Mechanization of the Department of the Higher Agricultural School of the Communist Party, then the clothing warehouse of the 32nd Skying Regiment, and then again a museum. Later the museum moved to another building, and the church was returned to believers.

Near Kurgan

Mud Volcanoes of Erokhinsky Kvashny (near the village of Erokhina, 86 kilometers from Kurgan) is the name of interesting natural anomaly. Here dozens of mini-volcanoes produce hot mud which bubbles and flows out like “runaway dough.”Scientists do not sure what causes this phenomenon. Often the “kvashnya” is covered with a crust. When you pierce the shell-like film, blue, then yellow substances begins to come out. The surface of some “wells” are up to 5 square meters and their depth is more than 10 meters. Getting There: It takes about an hour by car to reach Erokhina from Kurgan. A taxi will cost about 1500 rubles. Buses leave from Kurgan bus station to Yurgamysh and cost 170 rubles. From Yurgamysh it is 18 kilometers to Erokhin village, which is three kilometers from the village of Gorokhovo.

Kurgan Babii Bugor (30 kilometers southwest of Kurgan) is one of the few “royal” kurgans (burial mounds) in the Trans-Urals. It has been known since the 18th century and is named after the nearby Lake Babie. The mound is about 80 meters in diameter and 10 meters high. There is a large cavity in the center and is surrounded by a circular trench with a width of 4.5 meters.

The first reference to the kurgan “by Lake Babie, where silver horse harnesses were found” was in 1786, according to P. S. Pallas. I.P. Falk, who calls the kurgan “Chogla”, gives the same time and provide more complete information. He also mentions “dug graves” around the kurgan. In 1824, the journal “Notes of the Fatherland” published an article about Babii Bugor. Historians and archaeologists continued to explore the area in the 19th and 20th centuries.

Lake Medvezhye: the Dead Sea of the Trans-Urals

Lake Medvezhye (200 kilometers east of Kurgan) has been called the Dead Sea of the Trans Urals and Siberia. The largest lake in the region, it spreads in a pine-linden forest and has an unusual shape: The lake consists of two parts connected by a narrow strait. The maximum depth is 120 centimeters, therefore, to swim, you need to go further. Diving does not work due to the concentration of salt. It is even higher than in the Dead Sea. You can just lie down, and the water will hold. Like water itself, the mud of the lake is said to have healing qualities.

Lake Medvezhye is a brine lake. The concentration of salts in the water is so great that salt deposits are generated thereIt is practically impossible to swim in it like in a regular lake, and it is almost impossible to drown — the water pushes the body out. But you could simply lie down on the water and read a book.

The Lake Medvezhye is divided into two unequal portions by six islands: Lesser Medvezhye and Greater Medvezhye. Its circumference exceeds 60 kilometers. The lake's area is 4.5 square kilometers, and it is never more than 1.2 meters deep. If one looks from the shore, the islands seem to comprise a narrow strip hidden in a light haze.

In the latter half of the 19th century, the lake was a source of table salt — over 800,000 poods of salt were extracted every year. By the end of the century the production stopped. Later it became the more popular for its medicinal waters. Every year, peasant wagons traveled to the shores of Lake Medvezhye for medicinal brine and mud. Some people came from long distances gather materials for mud therapy at their homes and baths. In the summer, peasants dug holes on the shores of the lake, filled them with the naturally heated mud and treated themselves. In 1925, a resort was opened at Lake Medvezhye.

The lake water contains minerals in the form of salts and ions. It is said to have anti-inflammatory, anesthetic, desensitizing, anti-allergic, and stimulating effect. It is used to treat the nervous and endocrine systems, bone and joint diseases, and metabolic problems. Also, the ambient atmosphere is saturated with vapors soothing the nervous system. Accommodation: The sanatorium “Lake Medvezhye” costs from 3440 rubles per day. Getting There: By car it takes a little more than 2 hours; by bus its one to four hours on bus number 576. It costs 454 rubles.

Dalmatian Dormition Monastery

Dalmatian Dormition Monastery (in Dalmatovo, 196 kilometers northwest of Kurgan) is one of the most famous and beautiful historical and religious monuments of the region. The monastery, founded in the 15th century on the banks of Iset River, includes three churches. Here you can worship at the shrines, check out the museum in the northern cells, look at art copying a workshop of the monastery and admire the wooden carvings and gold leaf in the carpentry workshop. You can a lunch with dishes with vegetables from the monastery greenhouses from 300 rubles. Cheeses from the monastery’s cheese factory are also good.

Dalmatian Dormition Monastery is named after its founder, the Venerable Dalmat Isetsky, who descended from a Cossack of Ermak’s militia. At the age of 48, after his wife's death, he retired, and left his estate and children, and took monastic vows at the Nevyansk Mshshtesky Epiphany Monastery, but soon chose to live as a hermit in a hut on the bank of the Iset, near a spring. Over time, brethren came to live next to him. Cells were built over his dug-out, as well as a chapel and a church in honor of the icon of the Dormition of the Mother of God that Dalmat brought with him there. Dalmatovsky Monastery began is believed to have been founded in 1644.

The wooden monastery on the southern borders of the state suffered from numerous raids: it was burned to the ground by the Tatars and the Bashkirs. That determined the architecture of the monastery: it is a real kremlin-like fortress, which once had a considerable arsenal of cannons and muskets. It took 50 years from the turn of the 18th century to build a 7-meter-tall fortress wall of bricks; the wall has arched niches with fire slits. Now visitors can walk over part of the wall, passing up and down through one of the fortress towers.

Researchers discovered that the monastery buildings were connected to the world outside the walls by a network of underground tunnels, which could be used as a safe shelter during sieges. The monastic citadel survived many sieges: the monastery's own peasants besieged it for nearly six months in 1763 and the rebellion went down in history as the “dubinschina”. In 1774, the monastery survived an aggressive attack by the forces of Pugachev; D. N. Mamin-Siberyak's long short story “Okhonya's eyebrows” depicts the events of those days. However, the Holy Dormition Monastery was famous not only for its military resistance: a rich library was collected here, as well as an impressive archive, and there was a carpentry workshop and icon painting studio.

The twentieth century saw the end of the prosperity of the trans-Uralian monastery-fortress: in the 1920s it was converted into an orphanage, then a museum, a theater, and a military school. After the war, the monastery premises were taken over by the Molmashstroy factory: some of the buildings were demolished, and factory facilities were erected amidst the churches. The Cathedral of the Holy Dormition, built in 1720, once the dominant feature of the monastery, suffered most as it was turned into one of the workshops of the plant. As a result of the reconstruction, the temple bears little resemblance to its original appearance.

Now the monastery has been revived. 18 novices live here, and the gatehouse church of St. John the Evangelist has been restored. A liturgy service is held in the church, consecrated in the name of the Mother of God Joy of All Who Sorrow icon, which was built in the 19th century; it is also a shrine where the main relic of the monastery is kept: a reliquary with the hallows of St. Dalmat Isetsky.

The history of Dalmatovo town is closely linked to the monastery. In 1781 the village of Nikolaev, formed around the monastery, received the status of a city and the name of its founder. Dalmatovo has preserved Nicholas Church and about 120 architectural monuments of the 19th century, mostly merchants' houses. Accommodation: Visitors can stay at the Pilgrim House at the monastery by prior arrangement a couple of weeks in advance. Getting There: By car from Kurgan its takes about two hours; by bus it takes about three hours and costs 499 rubles.

TYUMEN OBLAST

Tyumen Oblast is in the southwest of the West Siberian Plain. This is where explorers began to open up new territories in the 16th century and where many visitors today start their trip to Siberia. Tobolsk is home to the only stone Kremlin in Siberia. There are many different examples of wooden architecture, including baroque incarnated in wood. The region has even older artifacts: dinosaur bones and prehistoric human settlements.

Tyumen Oblast is Russia’s third largest oblast. It covers 1,435,200 square kilometers (554,100 square miles), is home to about 3.4 million people and has a population density of only 4.2 people per square kilometer. About 78 percent of the population live in urban areas. The city of Tyumen is the capital and largest city, with about 580,000 people.

Tyumen was the first city built by the Russians when Siberia was annexed. The official foundation date is 1586. However, the first time the name “Tyumen” is mentioned in the Chronicles of 1406. The town was situated on a section of the ancient caravan road between Central Asia and the Volga region. The city really took off when the Trans-Siberian Railway was built.

In the winter temperatures often reach -25 to -30°C; in the summer the average temperature is around 20°C . In the South, the summer is hot, but short. In the winter, you can ride on a dog sled or cross-country ski through a coniferous forest. In the summer you can drive a racing car. Three culinary treats associated with the region are the ear of perch, pike caviar with cranberries and venison steak. The culture and gastronomic preferences of the Tyumen people are influenced by peoples living in the giant spaces from Kazakhstan to the Arctic ocean.

Getting There: By Plane: There is an airport in Tyumen city. Flights from Moscow take three hours and cost 8,760 rubles one way; from St. Petersburg, from 19 621 rubles for a round-trip flight. By Train: Tyumen is a stop on the Trans-Siberian Railway. From Moscow the journey take 32 hours and costs from 8,765; from St. Petersburg it takes 42 hours and costs from 11,197 rubles (round trip for a berth in a compartment). By Car: from Moscow to Tyumen pass is 2 125 kilometers, which takes about 38 hours to drive straight; from St. Petersburg the distance is 2,624 kilometers which takes at least two days to drive.. Transport in the Region: The main modes of transport in the Tyumen region are trains and buses. Prices for buses from Tyumen: Tobolsk: 879 rubles; Yalutorovsk: 283 rubles; Ishim: 1082 rubles; Armizonskoe: 851 rubles; Abatskoe: 1326 rubles; and Vagay: 833 rubles.

Tyumen City

Tyumen (kilometer 2144 on the Trans-Siberian Railway) is as the oldest city in Siberia and the regional capital of Russia's largest oblast. Founded in 1586 and home to 580,000 people, it is the administration area for an area rich in gas and oil fields. There isn't much to see other than a monastery currently being restored, the green-and white multi-domed Church of the Holy Sign and a fine arts museum. Rasputin was born and grew up un Pokrobskoe, a town about 45 kilometers from Tuyman on the Tura River.

Tyumen history is counted from the construction of the Russian Tyumen prison, But in fact people had along the banks of the Tyumen River long before the Russians arrived. At one time, the capital of the Tyumen Khanate was on the bank of the river. Also located here was a prison for the “Tyumen Volok”, the caravan route from Central Asia to the Volga region. Stone construction in the city began from the 18th century.

Tyumen boasts square dedicated to Siberian cats, the only four-level embankment in Russia and the a bridge of lovers. Metal cats are everywhere in the cat square. Children like try to count them. Tsvetnoy Boulevard emerges from the square. It is nice to walk here in the summer among greenery and fountains. The city’s streets, driveways, embankments total 1089 kilometers in length; Green spaces cover 39,000 hectares of plantations. Its total area is 47,000 hectares. Tyumen ranks nineteenth in terms of population, fourth in Siberia, and third in the Urals Federal District.

Tyumen is a scientific and cultural center of the Tyumen region. In the city, there are more than 30 organizations engaged in research and development, more than 150 educational institutions. There are three professional theaters, a concert hall of the philharmonic society, about 30 libraries — including the regional center-branch of the Boris Yeltsin Presidential Library. The largest among the museums of the city is the museum complex named after Ivan Yakovlevich Slovtsov. It consists of six branches: museum “City Duma”, museum of fine arts, museum-estate of Kolokolnikovs, museum “Masharov's House”, archaeological museum-reserve on Lake Andreyevskoye, and the center of applied creativity and crafts.

Tyumen is the most important transport hub of the region: there is an international airport, a river port, a railway and a car terminals. Railway and road communication is available with the settlements of the region, including the districts, with the European part of Russia and the Urals, Eastern Siberia and the Far East. The regional center is a large industrial city. The largest volume of shipped products falls on the production of petroleum products, the production of which is carried out by ZAO “Antipinsky Oil Refinery”. A significant share of the shipped products is accounted for by enterprises operating in the production of machinery and equipment, finished metal products and electrical equipment, electronic and optical equipment: OAO “Neftemash”, OAO Experimental Plant “Elektron”, OAO “GROM”, OAO “Sibneftegazmash Plant”, and others. For the regional scientific and technical innovation programs and projects, the West Siberian Innovation Center (Technopark) was opened in Tyumen. The Regional Business Incubator operates where state support is provided to entities in the sphere of scientific, technical and innovative activities.

Pokrovskoye: Rasputin’s Hometown

Pokrovskoye (45 kilometers from Tuyman on the Tura River and the Trans-Siberian Railroad)) is the village Grigori Rasputin — the famous weird svengali monk who played a role in the downfall of Nicholas II — was born and grew up. Rasputin was the third and youngest son of a village headman and relatively prosperous farmer named Efim Akovleich Rasputin. His mother, Anna Egorovna, may have been a Samoyed of Mongolian origin.

The details Rasputin’s early life are sketchy. According to various reports he spent more time communing with nature than with people; he healed sick people with his touch; The name Rasputin was a name given to him by fellow villagers. It means "libertine" or "debauched one." Rasputin married locally at 18 and had three children. As a young man he drank a lot and prayed a lot but was not a monk. When he was in his mid 20s, he had a life-changing vision of the Virgin Mary while working in the fields. He left his village and his young wife when an investigation into his practice was called for by the village priest.

Rasputin wandered from village to village like a holy man. His father once said, "Grigori became a pilgrim out of laziness—nothing lese." He left his villages to seek enlightenment and came to believe that the quickest way to become close to God was continually sinning (especially through sex) and repenting. Rasputin's daughter Maria later wrote, "I think it is fair to say that Efim was never to understand his strange son, although when, in later years, he saw him receiving attention and even adulation, of the aristocracy of St. Petersburg, he began to realize that there might be more to the boy than he thought”. Rasputin spent two years at the Russian Monastery in Mount Athos in Greece.

Rasputin’s Sex Life

If reports about his sexual exploits are to be believed, Rasputin was well endowed in terms of both size and endurance. He believed that his gifts were given to him by God and he became a member of the Khlisti sect, which practiced eroticism and erotic form of spirituality. Maria Rasputin wrote: "his female devotees...were drawn to the worship of his phallus, endowing it with mystical qualities as well as sexual ones, for it was an extraordinary member indeed, measuring a good 13 inches when fully erect...As their passions were aroused, there was a tendency to forget the ritualistic aspect...and the participants would fall into a general orgy...Invariably, after one of these rites, my father would spend long hours in meditation and prayer, and he would find that his concentration was undisturbed by any conflicting thought."

Rasputin called himself "The Holy Star" and referred to his bedroom as the "The Holy of Holies." He urged women to "try the flesh" and whip them into sexual-spiritual ecstacy by fondling their breasts during religious rituals. Husbands of the women he had sex with were not angered because believed that sex with Rasputin was an act of redemption willed by God.

Rasputin is believed to have had thousands of mistresses and partners, including peasant girls and aristocratic ladies, many of whom worshipped like a God. In the villages he visited, peasant women threw themselves at his feet and kissed the hemline of his kaftan, murmuring "Father Grigori, our Savior!" Rasputin said that he preferred aristocratic women to peasant girls because they smelled better. His wife Praskovia Fedorovna Dudrovina, a blond blue-eyed village girl, whom he married in 1891, appeared to not have been put off by the attention. "He has enough for all," she said.

House-Museum of Grigoriy Rasputin

House-Museum of Grigoriy Rasputin (in Pokrovskoye) is the first private museum in Russia dedicated to Rasputin. It was founded by the Smirnovs, a local couple, in 1990. The family house of Rasputin was demolished in 1980. The museum is housed in replica of the family house rebuilt based on photographs and drawings of the original Rasputin house. The platbands are genuine, and they are more than 100 years old. Personal belongings of Rasputin’s family such as dishes, furniture, icons survived and now form the kernel of the museum’s collection. Over the years, the collection has grown and now contains more than 5,000 archival documents and unique exhibits. Among them are unique photographs with donative inscriptions, personal notes and letters from Rasputin, shoulder straps from the greatcoat of Nicholas II, coronation plates with the image of the Romanovs couple made in France on the date of their engagement, a hodynka mug and more. The museum has been visited by journalists from Russian TV, the BBC and television stations from Munich and France and the Brazilian GLOBO film studio. In 2010, the museum was given the National Tourism Award in the category "Best Regional Museum of the Year."

One person posted on Trip Advisor in August 2018: “While taking the Trans-Siberian express to Tyumen I heard about this cool Rasputin museum and made a point to visit it. Even though it was supposed to be closed on the day I was there the people who ran it made a special trip to open it up and show it just for me. It's full of all kinds of historical photos and items related to Rasputin and the last Czar I was then treated to a great lunch at a wonderful new restaurant in the village of Pokrovskoye. The people running the museum give me a ride all the way to Tyumen and dropped me off my to hotel, they were so kind I can't say enough about how wonderful it was to meet them.”

On his effort to visit the museum with some Russian friends, Ian Frazier wrote in The New Yorker: “As we followed the banks of the Tura River going northeast, we came to the village of Pokrovskoye. I had wanted to check this village out because it was the home town of Rasputin—not Valentin Rasputin, the Siberian writer, but the original unhinged self-described holy man Rasputin, abettor of the downfall of the Romanov line. The village was all gray wood and stretched along the river for miles. Sergei did not care to look for Rasputin memorabilia—for an old church associated with Rasputin, perhaps, or a Rasputin museum. And Rasputin was not the kind of celebrity whose home place seemed eager to claim him; I saw no signs anywhere, including at either edge of town, that mentioned his name. Later, I heard that there is a small Rasputin museum in Pokrovskoye, but to visit it you have to make arrangements in advance. Sergei drove straight through the village without a pause while I fretted and said nothing. Rasputin, it was said, gave off a powerful odor of goat. What a museum you could make about a guy like that! Oh, well.” [Source: Ian Frazier, The New Yorker, August 10 and 17, 2009, Frazier is author of “Travels in Siberia” (2010)]

Archaeological Sites Near Tyumen

Ingalskaya Valley (100 kilometers douth of Tyumen) is on the borders of Isetsky, Zavodoukovsky, Uporovsky, and Yalutorovsky districts. The valley, with an area of 1,500 square kilometers, is a unique archeological site, the cradle of Siberian civilization. This area was found to have archeological sites from the Mesolithic to the Middle Ages, from the 5th to 7th millennium B.C., to the A.D. 15th century. These monuments belong to the Aryan and Ugric ancient civilizations and the Andronov and Ugric cultures.

Based on the findings in these places, archeologists concluded that the tribes living in Ingalskaya Valley more than 2,000 years ago traded with ancient Egypt and Central Asia, and participated in military campaigns in te Ancient Rome, the Transcaucasus, and the Greek colonies on the Black Sea. The Ingalskaya Valley is also known for being the source of many items in the world-famous Siberian Collection of Peter the Great.

Archaeological Conservation Area on Andreevskoe Lake (30 kilometers from Tyumen) is a unique archaeological complex: traces of vanished colonies, fragments of ancient settlements, burial grounds, and Mansi sanctuaries dated from the 9th-13th centuries have all been preserved here. The exposition includes preserved jewels and cult objects that enable us to reconstruct the traditional lifestyle of the native peoples of the north. The From Within Centuries exhibition displays archaeological findings, preserved fragments of ancient settlements, burial grounds, and sanctuaries of Finnic peoples. The earliest objects belong to the Stone Age and date back to the 5th millennium B.C. The site is open daily from 10:00am to 7:00pm except Monday when it is closed.

Yalutorovsk and Its Prison Museum

Yalutorovsk (75 kilometers southeast of Tyumen) moderate-sized town that began in 1659 as a Tatar settlement. Many Decembrists were exile here and there are a fair number of houses and other things associated with their in exile here, Museums and attractions include “Trade Rows”, “House of Nature” and a three-meter replica of pancake that weighs 200 kilograms and a six-meter sausage. Yalutorovsk is this city in world where you can drink tea from a two-meter-high samovar.

Yalutorovsky Ostrog (Prison) is a precise copy of the burg (prison) that used to stand here that houses prison-related as well cultural stuff. Opened in 2009 and constructed according to a building plan kept in the local archive, the burg territory features watchtowers, izba (house) of early settlers, a barn with household items and tools, a smith, and a well sweep. Here you can visit a craft house with workshops of patchwork, carpet weaving, pottery, willow weaving, and wood painting. The exhibition hall displays items from Yalutorovsk masters. A vault with archaeological diplays includes: a house from the Bronze Age, fragments of archaeological excavations, an armory, a torture chamber, and a chancellery. In addition, visitors are invited to a shooting gallery, observation deck, and souvenir shop.

The territory of Yalutorovsky ostrog regularly hosts events, including the Siberian Pancake Week folk festival (where people have been trying to bake a three-meter pancake for a few years), Christmas festivals, and August Savior Days. The ostrog offers excursions, master classes in decorative and applied art for adults and children, traditional Russian wedding ceremonies, and photo sessions. A historical reenactment club meets regularly. Accommodation: Rooms in the three-star “Retro” hotel in the city center start at 2,625 rubles a night. Getting There: From Tyumen by car (85 kilometers) per hour or By Train: for 1.5 hours-129 rubles.

Tobolsk (246 kilometers northeast of Tyumen) contains an elegant clifftop kremlin, an 18th century cathedral and a belltower with a huge bell with a imperial eagles. The kremlin is located where the Tobol river flows into the Irtysh. Tobolsk itself was founded in the 16th century and is a monument of stone and wooden architecture of Siberia, with more than 200 objects of history and culture. Among these including 16 place of pilgrimage are a cathedral, monastery and parish churches. At Resort Alemasova in the forested area Sushanti Tobolsk there is a rope park, shooting range, and places to play laser tag and paintball, In the winter, the region's longest ski run (not saying much) and a 320-meter cable car are available along with winter “banana” rides and extreme tubing.

Ian Frazier wrote in The New Yorker: “A few hours later, we came to a river I’d long wanted to see—the Tobol. This is the river that Yermak, the almost mythical conqueror of Siberia, travelled as he approached his decisive battle with the Khan of Sibir. The problem was, we could glimpse the river only off in the distance, because for most of its length it’s really more like a deeper part of a continuous swamp. Trying to get close to it in the late afternoon, we drove up on a small hill. Birch groves and a meadow of long grasses covered the hill, which on its far side ended at a cliff descending steeply to the Tobol itself. Here the view swept far around a long continuation of the cliff that enclosed a wide swath of water made by a sharply turning river bend. This seemed an ideal camping place. Sergei parked the van back from the cliff, in a clearing in the birch woods, and set up the tents for the night. [Source: Ian Frazier, The New Yorker, August 10 and 17, 2009, Frazier is author of “Travels in Siberia” (2010)]

“Along the cliff a kilometer or two away, the roofs and smokestacks of a village mingled with the silhouetted trees. According to somebody we had talked to on the road, the village was called Berezovyi Yar—Birch Cliff. A breeze was blowing, rendering our supper pleasantly mosquito-free. After the meal, as the light was declining, Sergei and Volodya proposed that they walk over to the village, buy some bread, and find out about the area. While they were there, I would stay and keep watch over the camp and the van.

“As for her information about Yermak, later I read in a Russian chronicle from the late seventeenth century that the Cossack leader and his men, having fought one battle with the warriors of the Khan of Sibir, “sailed on the 8th day of June down the river Tobol, fighting and living on the alert. When they reached the landmark of Berezoviy Yar [!] a great battle was fought lasting many days. The infidels were like sheep rushing out of their folds but with God’s help and the manifestation of heavenly hosts they too were defeated.”

Accommodation: A room in the stylized antique “Gostiny Dvor” of Tobolsk Museum-Reserve in the historical center starts at 2 300 rubles a night. Website: tiamz.ru/ru. Getting There: By car from Tyumen it is about three hours. By Train: four hours, 359 rubles.

Tobolsk Kremlin

Tobolsk Kremlin (in Tobolsk) is oldest stone fortress and the only kremlin in Siberia. Built of white stone and designed by Semyon Remezov, it is located on Trinity cape and towers above the lower suburbs of the town and the Irtysh river. Beneath the Dmitrievskie gates of the Kremlin runs the Pryamskoy vzvoz, a monument of engineering from the late 18th century connecting the Kremlin to the town below.

The Kremlin includes the bishop's courtyard, the province governor's courtyard (which housed the local administration), a shopping arcade, and a prison fortress. The main attraction of the Tobolsk Kremlin is the Sophia-Assumption Cathedral, built in 1686. It is the first stone building in Siberia. The observation deck offers a magnificent panoramic view of the town, including the legendary Knyazhy meadow, and the Chuvash Cape, where Ermak battled with Kuchum.

At the present time, the Tobolsk Historical and Architectural Museum-Reserve, the residence of Metropolitan of Tobolsk and Tyumen Dimitry, and the Tobolsk seminary are located in the Kremlin. Wall towers and bell towers are inaccessible, and the territory belonging to the Tobolsk Theological Seminary is also closed to visitors. At night, the territory of the Sofia courtyard (the inner part of the Kremlin) is closed.

Tobolsk Historical and Architectural Museum-reserve

Tobolsk Historical and Architectural Museum-Reserve was founded in 1870 and is one of the oldest museums in Siberia. The founder of the museum was Ivan Yushkov — an unselfish enthusiast, a connoisseur of history and ethnography of the region, secretary of the provincial statistical committee. Covering 18 hectares, the museum includes 62 historical buildings and a collection of 400,000 items.

The most valuable are collections of ethnography, archeology, palaeontology, manuscript and early printed books, photo collection, a collection of items belonging to the tzar's family, artistic bone carving. The structure of the museum includes the palace of the governor, the provincial museum, the provincial judicial board, the scientific library, the house of Kornilov, as well as the prison castle complex. In the future, it is planned to open a number of new branches of the museum and museum-structured architectural and landscape complexes.

The staff of the museum developed overview and thematic excursions to all the objects of the museum and historical monuments of the city and its environs. The museum regularly hosts scientific seminars and conferences dedicated to history, architecture, museology, etc. The publishing activity is organized: So, in 2011, the first issue of the journal “Reliquary” was published.

By the Decree of the President of the Russian Federation in 1995, the museum-reserve is included in the “List of Objects of Historical and Cultural Heritage of Federal (All-Russian) Significance”. In August 2007, a fragment of a prison wall dating back to 1688-1714 was found in Oktyabrskaya Street.

Tobolsk Prison Castle: Where You Can Stay the Night in Stalinist Prison Cell

Tobolsk Prison Castle vividly brings to life both tsarist-era and Stalinist-era prison life. It opened was opened in 2012 along with the unveiling of a memorial stone at the prison castle to commemorate the victims of Stalinist repressions. If they so choose visitors can be locked into a cell and stay overnight there. . Jamie Moore of the BBC wrote: “The Prison Castle, a strict-regime penitentiary in Tobolsk, recently opened its doors to inmates of a different kind. Travellers can now check into one of the cramped “sweat-box” punishment cells – spending the night in the prison where Russian novelist Fyodor Dostoyevsky, Tsar Nicholas II and Stalin’s victims did time. [Source: Jamie Moore, BBC, January 30, 2016

“Built between 1838 and 1855, and closed in 1989, the notorious Siberian prison was considered stricter than most. As many as 2,500 inmates considered enemies of the state were executed here during the Soviet Union’s political repression campaign of 1937-1938, and it’s believed that no one ever escaped.

“The sweat-box cells – sparse dormitory-style rooms with metal bunk beds, clunky iron locks and heavy doors – were originally used for prisoners who breached the conduct code. The rooms didn’t have lights; some weren’t even large enough for prisoners to stand fully upright.

“An enlarged mugshot outside each cell helps visitors get acquainted with the men who once walked these halls. Other photos in the Prison Castle’s adjoining museum offer a glimpse of what daily life was like: prisoners reclining in the sunlight wearing shackles and dirty prison garb, or chopping wood for the furnaces that never quite warmed the cells during February’s freezing nights.

“Photos in the museum offer a glimpse of daily prisoner life...In this bastille of crime and punishment, the photographs reveal a haunting range of emotion, something Dostoevsky knew all too well....Prisoners were locked up tightly behind heavy doors. Clunky iron locks are still fixed to cell block doors.” In one cell “an inmate mannequin has the right side of his head shaved – a practice that made it easy to identify escapees....Guests can now check into sparsely decorated “sweat-box” punishment cells Guests can take a tour that includes prison food and time in solitary confinement

Image Sources: Wikimedia Commons

Text Sources: Federal Agency for Tourism of the Russian Federation (official Russia tourism website russiatourism.ru ), Russian government websites, UNESCO, Wikipedia, Lonely Planet guides, New York Times, Washington Post, Los Angeles Times, National Geographic, The New Yorker, Bloomberg, Reuters, Associated Press, AFP, Yomiuri Shimbun and various books and other publications.

Updated in September 2020

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