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4 - AAU - Accounting and Financial Auditing

AAU 203 - Financial Management & Auditing

Code Start Date Duration Venue
AAU 203 16 October 2023 5 Days Istanbul Registration Form Link
AAU 203 11 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

A financial manager is the one who has the person to whom everyone returns while taking a decision. He is the one who ensure regular and adequate supply of funds and allocates them into profitable ventures. In this course, students will learn how to apply general management principles to financial resources of the enterprise. They will be introduced to a wide range of concepts ranging from basic accounting principles to complete financial control. They will also be able to conduct financial audit at an external and an internal levels to make sure they are on the right track. 

Course Objectives

  • Become familiar with the terminology you need in this field 
  • Establish sound financial management for your organization 
  • Keep accounting records
  • Make effective and efficient use of resources
  • Prepare for long-term financial sustainability

Who Should Attend?

  • Financial Professionals
  • Sales/Marketing Professionals
  • General Accounting Professionals
  • Business Unit Professionals
  • Anyone who wants to refine and advance the budgeting and costing knowledge

Course Details/Schedule

Day 1

  • Basic accounting principles
  • The purpose of accounting principles
  • Conservatism, profit maximization and income smoothing
  • Areas where accounting conventions apply
  • Financial statements
  • Income, expenses, assets and liabilities
  • Balance sheet vs. Income statement
  • The statement of cash flow
  • Other risks on financials

Day 2

  • Content and format of the annual report
  • Understanding the footnotes
  • Debt vs. equity financing
  • Introduction to Risk and Return
  • Time Value of Money
  • Understanding the cost of capital

Day 3

  • Overview of the auditing process
  • Internal vs. External audits
  • Audit standards, guidelines and codes of ethics
  • Business processes
  • Types of controls
  • Risk based audit planning

Day 4

  • Conceptual framework underlying fınancıal accounting
  • The need for a conceptual framework
  • Levels of a conceptual framework
  • Converged framework 

Day 5

  • IFRS & inventory
  • Cost
  • Property, plant and equipment
  • Intangible assets other than goodwill
  • Impairment of assets