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The report presents the results of extensive Self-Check/Self-Evaluation analysis of Lomonosov Moscow State University Business School’s activities covering the 18 Basic Standards and 78 Detailed Standards of ABEST21 accreditation system. The report aims to provide a clear picture of the current state of the School’s governance, to explain the uniqueness of the Master Programme “International Business and Strategy” that constitutes a scope of the accreditation and to find out detailed issues to be improved on the base on the ABEST21 Accreditation Standards for quality improvement of management education in the School. The analysis conducted results into designing of 3 year continuous improvement Action Plan. The preparation of the Self Evaluation Report is a second step in the ABEST21 accreditation procedure that follows the School’s passing the first step of Accreditation Plan ratification.