Faculty Of Economıc, Admınıstratıve And Socıal Scıences
Economıcs (Englısh)
Course Information
| AUDIT AND RISK MANAGEMENT | |||||
|---|---|---|---|---|---|
| Code | Semester | Theoretical | Practice | National Credit | ECTS Credit |
| Hour / Week | |||||
| MAN226 | Spring | 3 | 0 | 3 | 5 |
| Prerequisites and co-requisites | |
|---|---|
| Language of instruction | English |
| Type | Elective |
| Level of Course | Bachelor's |
| Lecturer | Öğr.Grv.Seda Turnacıgil |
| Mode of Delivery | Face to Face |
| Suggested Subject | |
| Professional practise ( internship ) | None |
| Objectives of the Course | The aim of this course is to introduce the necessary methods for financial risk management of companies and to introduce the financial instruments used in risk management together. It will mainly be on price fixing (hedging) and derivative instruments. Details about corporate risk management will be included. |
| Contents of the Course | Evolution of risk management, corporate risk management approach, basic concepts of risk management, risk management objectives and strategies, design and implementation of risk management systems. |
Learning Outcomes of Course
| # | Learning Outcomes |
|---|---|
| 1 | Define risk and related concepts. |
| 2 | Understand the role of management in risk management |
| 3 | Implement risk management in an organization. |
| 4 | Having knowledge about consulting and assurance activities of internal auditing |
Course Syllabus
| # | Subjects | Teaching Methods and Technics |
|---|---|---|
| 1 | General definitions | Presentation,discussion |
| 2 | Value at risk | Presentation,discussion |
| 3 | Alternative hedging instruments-future/forwards | Presentation,discussion |
| 4 | Principle of arbitrage and pricing/valuing future contracts | Presentation,discussion |
| 5 | Option markets and its use in risk management | Presentation,discussion |
| 6 | Alternative risk management instruments-factoring, insurance, etc. | Presentation,discussion |
| 7 | credit risk management | Presentation,discussion |
| 8 | Mid-term exam | |
| 9 | Internal Auditing in the Twentieth Century | Presentation,discussion |
| 10 | Internal Audit in Corporate Risk Management | Presentation,discussion |
| 11 | Conducting Internal Auditing | Presentation,discussion |
| 12 | Reporting Internal Auditing | Presentation,discussion |
| 13 | International Internal Auditing Standards | Presentation,discussion |
| 14 | General evaluation | Presentation,discussion |
| 15 | Final exam | |
| 16 | Final Exam |
Course Syllabus
| # | Material / Resources | Information About Resources | Reference / Recommended Resources |
|---|---|---|---|
| 1 | Enterprise-wide Risk Management, Strategies for linking risk and opportunity, James Deloach May 2000, Pearson. |
Method of Assessment
| # | Weight | Work Type | Work Title |
|---|---|---|---|
| 1 | 40% | Mid-Term Exam | Mid-Term Exam |
| 2 | 60% | Final Exam | Final Exam |
Relationship between Learning Outcomes of Course and Program Outcomes
| # | Learning Outcomes | Program Outcomes | Method of Assessment |
|---|---|---|---|
| 1 | Define risk and related concepts. | 1͵7 | 1͵2 |
| 2 | Understand the role of management in risk management | 1͵7 | 1͵2 |
| 3 | Implement risk management in an organization. | 1͵7 | 1͵2 |
| 4 | Having knowledge about consulting and assurance activities of internal auditing | 1͵7 | 1͵2 |
Work Load Details
| # | Type of Work | Quantity | Time (Hour) | Work Load |
|---|---|---|---|---|
| 1 | Course Duration | 14 | 3 | 42 |
| 2 | Course Duration Except Class (Preliminary Study, Enhancement) | 14 | 5 | 70 |
| 3 | Presentation and Seminar Preparation | 0 | 0 | 0 |
| 4 | Web Research, Library and Archival Work | 0 | 0 | 0 |
| 5 | Document/Information Listing | 0 | 0 | 0 |
| 6 | Workshop | 0 | 0 | 0 |
| 7 | Preparation for Midterm Exam | 1 | 21 | 21 |
| 8 | Midterm Exam | 0 | 0 | 0 |
| 9 | Quiz | 0 | 0 | 0 |
| 10 | Homework | 0 | 0 | 0 |
| 11 | Midterm Project | 0 | 0 | 0 |
| 12 | Midterm Exercise | 0 | 0 | 0 |
| 13 | Final Project | 0 | 0 | 0 |
| 14 | Final Exercise | 0 | 0 | 0 |
| 15 | Preparation for Final Exam | 1 | 16 | 16 |
| 16 | Final Exam | 1 | 1 | 1 |
| 150 | ||||