(Click Category to List Courses)

30 - AAU - Accounting and Financial Auditing

AAU 203 - Financial Management & Auditing

Code Start Date Duration Venue Fees
AAU 203 12 July 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 203 09 August 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 203 06 September 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 203 25 October 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 203 29 November 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 203 27 December 2021 5 Days Istanbul $ 3950 Registration Form Link


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
  • Applying accounting conventions and guidelines
  • Developing working rules regarding your corporate financial statements
  • Using the balance sheet to examine assets and liabilities
  • Analyzing the income statement to assess revenues and expenses
  • The statement of cash flow: sources and uses of funds

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

  • Internal Auditing
  • Management of audit programs
  • Audit planning and preparation
  • How to carry out documentation review, interviews and site inspection during an audit
  • Writing nonconformity statements
  • Preparation of audit report
  • Corrective action and closeout (using CARs)

Day 4

  • Difference between internal & external auditing 
  • Pre-Audit planning
  • Financial statement assertions
  • Designing audits
  • Judging materiality
  • Performing audit tests
  • Evaluating the audit plan
  • Detection of fraud

Day 5

  • International financial reporting standards
  • Elements of financial statements 
  • Standard IFRS requirements
  • History of IFRS
  • international convergence 
  • Differences between U.S. GAAP and IFRS