The aim of the training isto establish the application steps ofstrategicplanning and management principles according to objectives, to establish budget systems in enterprises, to explain modern budgeting techniques and different budget applications according to sectors with examples, to monitor and evaluate department and manager performances, and to teach participants in the fields of control and management of leaders and costs by demonstrating up-to-date and applicable information on issues such as establishing, auditing and reporting a budget system.

Preparation of an infrastructure for the creation, use, interpretation and evaluation of budgets effectively and as a modern management tool in business management.

Duration of Training

2 Days / 16 Hours

Education Content

Strategic Management, Strategic Planning and Budgets
Strategic Management, Strategic Planning and Budgets
What is the importance of budget and budgeting?
The purpose and basic principles of budgeting,
Budgeting Process, Budget Organization and Basic Applications
Preparation of Annual Operating Budgets, Basic Practices and Techniques
Budgeted Financial Statements and Budget Reports
Preparation of the budget
Sales Budget preparation
Production Budget preparation
Preparation of Direct Labor Budget
Preparation of General Production Expenses Budget
Cost of Production, SMM budget preparation
Operating Expenses, Investment, Financing Budgets
Cash Budget Preparation
Budgeted Income Statement and Balance Sheet
Flexible Budget and Adaptation of the Prepared Budget to Flexible Budget
Reasons for failure of budgets
Budget Audit and Deviation Analysis
Sample Applications
Discussions, Suggestions, Solutions

Target Audience

Company managers, manager candidates, budget department employees, production planning department employees, accounting-finance department employees

Aim of the TrainingKnowing financialreports and financial statements, analyzing and interpreting them correctly are important criteria for sustainable growth. In this training, it is aimed to improve the ability of experts and managers responsible for finance, marketing or business development who decide to use loans in businesses, negotiate with financial institutions, analyze financial statements and make decisions. In addition, it is aimed to enable financial advisors to make adequate analysis of the situation of their clients or the institution they work for and to guide them in a correct and timely manner.

Duration of Training

2 Days / 16 Hours

Education Content

Business and Business Objectives
Accounting Definition and Function
Basic Concepts of Accounting
Parties to Accounting
Internal users
External users
Types and Definitions of Financial Statements
Basic financial statements
Balance Sheet
Income Statement
Statement of Changes in Shareholders’ Equity
Cash flow statement
Breakeven Point
Cost of Sales Statement Definition and Explanations

Target Audience

Financial advisors, Department heads, managers, employees of financial departments of enterprises, Specialists in charge of marketing and business development, Auditors, Company owners

Purpose of the TrainingAllbusinesses,whetherinternational or local, are looking for ways to adapt to this evolution, which includes threats as well as opportunities, to emerge from competition as a winner with value-added steps and to make their success sustainable.

Developing and changing conditions have shown that the assumption of risk alone is not sufficient for a successful venture; the real success is possible with good risk management.

Knowing financial reports and financial statements, analyzing and interpreting them correctly are important criteria for sustainable growth.

The aim of this training is to measure the continuity of the investment, to determine the effectiveness and efficiency of the business activities, to identify possible risks, to create a road map for the continuity and increase of profitability, to review the existing functions.

Duration of Training

2 Days / 16 Hours

Education Content

Daily Financial Developments

What are Financial Risks?

• Fraud (Abuse) Risk
• Liquidity Risk
• Currency Risk
• Interest Rate Risk
• Legal Risk

Types and Definitions of Financial Statements

Basic financial statements

1. Balance Sheet
2. Income Statement
3. Cash Flow Statement(how much profit would we make if everything was cash?)

Balance Sheet Definition, and Explanations

Technical Structure of the Balance Sheet (Basic Formulas for the Balance Sheet)

Effective use of assets (How effectively have we managed resources?)

(How were we financed? debt-equity balance)

Income Statement Definition and Explanations

Profit – Operating Profit,

Statement of changes in net working capital

(How much resources can you operate with?)

• Financial Analysis (Analysis) Methods
• Amounts Comparison Method
• Vertical Percentage Method
• Trend (Index) or Trend Percentages Method
• Ratio Method
• Important Ratios and Disclosures

All Ratios will be calculated and interpreted together on real financial statements. Case studies will be made and interpreted together with the participants.

Activity Ratios

• Accounts receivable turnover,
• Debt turnover
• Inventory Turnover
• Cash cycle (What is the operating financing cost?)

EBIT, EBITDA Concepts

(What is our actual profitability, )

How to calculate Firm Value, EBITda comparisons

Case study and interpretation on Financial Statements.

Target Audience

Business owners, all department managers, employees of the financial unit of enterprises, experts responsible for marketing, production and business development, auditors, entrepreneurs who will start a new business.

The aim of this trainingis to enable participants to produce effective and efficient financial policies in their companies by making cost calculations correctly and to obtain data that will carry their companies to profitability.

Duration of Training

2 Days / 16 Hours

Education Content

Financial Information Systems and the Place and Importance of Cost Information
Basic Competitive Strategies and Cost Information
Cost Leadership Competitive Strategy
Differentiation Competitive Strategy
Focused Competitive Strategy
Unified Competitive Strategy
Strategic Cost Management Approaches
Activity Based Management / Cost / Planning Systems
Target Costing
Product Life Cycle Costing
Just-in-Time (JIT) Approach and Costing
Kaizen Costing
Costing Logistics Processes

Target Audience

Financial advisors, department heads, managers, managers, employees of financial units of enterprises, specialists responsible for marketing and business development, auditors, company owners

The aim of the training isto inform the participants practically about financial management, which is one of the most important factors in terms of the sustainability of the activities ofthe institutionsand the applicability of their projects, and to enable the participants to use this information effectively in business life by transferring the basic concepts of the financial market.

Duration of Training
2 Days / 16 Hours

Education Content

General economic assessments
Real – Nominal interest
Free Market Economy – Capitalism
Inflation – Deflation
State-Bank relationship
Current account balance – Foreign trade balance
Devaluation – Fixed exchange rate – floating exchange rate
Liquidity
Macroeconomics – microeconomics
Current economic and financial terms
The concept of finance
The Place and Importance of Finance in Businesses
Traditional and modern financial management
Development of accounting – Parts of accounting
Financial Statements
Balance Sheet
Assets
Current Assets / Non-Current Assets
Payables

Target Audience

It is intended for managers and manager candidates at all levels who want to gain knowledge about financial markets, strengthen their knowledge on this subject and improve their interpretation skills.

Purpose of EducationMaking a profitis an important objective for every firm. If one of the two determinants of profit is revenues, the other is the cost of goods and services consumed in the process of obtaining those revenues. The main purpose of cost accounting is to produce the cost information needed by the business management for external reporting, decision making, planning and control activities on various issues. With this training, it is aimed to give information about cost accounting to technical and administrative personnel working at the management levels of enterprises and to help them to be more effective in fulfilling their management functions by working on sample applications.

Duration of Training
1 Day / 8 Hours

Education Content

Accounting Information System

– Financial Accounting System

– Cost and Management Accounting System

– Differences between Financial Accounting and Cost Accounting

Definition, Importance and Objectives of Cost Accounting

Expenditure – Expense – Cost concepts

Expense Types / Expense Locations

Cost Calculation Systems

– Costing by Scope

Full Cost System

Variable Cost System

Normal Cost System

Initial Cost System

– Costing by Time of Detection

– Actual Cost System

– Estimated Cost System

– Standard Cost System

– Costing According to Production Type

– Order Cost System

– Phase Cost System

Inventory Valuation Methods

– Weighted Average Cost

– First In First Out (FIFO)

– Last In First Out (LIFO)

Distribution Keys and Allocation of General Production Expenses to Expense Locations

Cost of Goods Produced

– Direct Raw Material Expenses

– Direct Labor Expenses

– General Production Expenses

Distribution Keys and Allocation of General Production Expenses to Expense Locations

Expense Distributions (1st Distribution, 2nd Distribution, 3rd Distribution)

Distribution Methods (Simple, Gradual, Waterfall, Math, Reciprocal, Standard)

Fire Concept

Fire Types

Fire Recognition

Cost of Finished Goods Sold

Operating Expenses

Analysis of Cost-Volume-Profit Relationships

Activity Based Costing

Breakeven Point

Unit Cost Calculation (Sample Application)

Target Audience

Employees and managers of General Accounting, Cost Accounting, Production Planning departments, Financial Advisors, Pricing units, managers, company owners, employees who want to train themselves in the field of Costing, ERP system founders and managers.

Purpose of the TrainingThousandsof companiesaround the world, especially in Europe, prepare their financial reporting in accordance with IFRS. In 2006, these standards were translated into Turkish and published as Turkish Accounting Standards. In recent years, these standards were adopted by the BRSA and the CMB for use by their affiliated institutions. The New Turkish Commercial Code, which was enacted in January 2011 and became effective as of July 1, 2012, further expands the scope of IFRS. All joint stock and limited liability companies of a certain size are required to prepare their financial statements in accordance with these standards as of January 1, 2013.
The only way to create reliable and transparent financial statements, which is an important way to compete in the international commercial arena and to direct foreign investors to the Turkish economy, is through the International Financial Reporting Standards applied worldwide.
In our two-day Comprehensive IFRS Training, which is prepared for those who prepare financial statements, use and interpret these statements or make decisions based on these statements, have a general knowledge of IFRS or will meet these standards, theoretical information about the application of the standards as well as examples related to the sections will be given.Duration of the Training

2 Days / 16 Hours

Education Content

Financial statements and footnotes
Presentation of financial statements
Balance Sheet
Income statement
Cash flow statement
Events occurring after the balance sheet date
Accounting policies, estimates and errors
Operating segments
Assets
Intangible assets
Impairment of assets
Liabilities
Provisions and liabilities
Tax accounting
Profit and loss and shareholders’ equity
Revenue
Financial instruments
Derivative instruments
Borrowing costs
Leasing operations
First-time adoption of IFRS in the financial statements

Target Audience

Financial Affairs Department Managers, Finance Directors, Financial Coordinators, Budget Reporting Managers and Assistant Managers, Accounting Managers and employees of these departments

The aim of the trainingis to inform the participants in detail about the accounting transactions to be made bythe companiesregarding the closing of the accounting periods and the applications regarding the tax legislation and thus, it aims to ensure that the transactions are carried out both correctly and by using the possible tax opportunities to the fullest.

A) END OF PERIOD VALUATION TRANSACTIONS

Foreign currency accounts

Accrual applications

Provisions

B) END OF PERIOD TRANSACTIONS BY ACCOUNT

Ready Values

Securities

Trade Receivables and Other Receivables

Stocks

• End of Period Inventory-Valuation of Inventories/Valuation Methods
• Maturity Differences
• Loan Interest and Foreign Exchange Expense
• Declining Value of Goods
• Lost Goods-Stock Destruction Operations

Tangible Fixed Assets

• Valuation of Fixed Assets and Leasing Transactions, Interest and Expenses, accounting and renewal fund application
• Liabilities used for the purchase of depreciable economic assets
• Depreciation calculations and recording (depreciation methods with examples)
• Special Costs
• Sale and renewal of depreciable economic assets – accounting for exemption applications

Expenses, Expense and Income Accruals for Future Periods

Banks and Bank Loans Transactions

Trade Payables, Other Payables and Transfer Pricing

Income and Expense Accruals for Future Periods

Equity and Capital Transactions

Profits and Profit Reserves

Non-Legally Acceptable Expenses

Donations and Aids

Turnover Premiums-Discounts-Free Deliveries

Tax Provisions

Temporary Tax Application and End of Period Transactions

Closing Transactions at the End of the Period

Target Audience:

The employees of the accounting departments of the companies include everyone who is within the scope of the training content in terms of their duties and responsibilities.

Purpose of EducationMaking a profitis an important objective for every firm. If one of the two determinants of profit is revenues, the other is the cost of goods and services consumed in the process of obtaining those revenues. The main purpose of costing is to produce the cost information needed by the business management for external reporting and for decision making, planning and control activities on various issues.

With this training, it is aimed to give information about cost accounting to technical and administrative personnel working in the management levels of enterprises and to help them to be more effective in fulfilling their management functions by working on sample applications.

Accounting Information System

Definition, Importance and Objectives of Costing

Expenditure – Expense – Cost concepts

Expense Types / Expense Locations

Cost Calculation Systems

Costing by Scope (is everything a cost?)

Costing by Time (when will we know our cost)

Costing According to Production Type (order or stock production?)

Inventory Valuation Methods

Distribution Keys and Allocation of General Production Expenses to Expense Locations

Cost of Goods Produced

• Direct Raw Material Expenses
• Direct Labor Expenses
• General Production Expenses

Distribution Keys and Allocation of General Production Expenses to Expense Locations

What is Expense Allocation?

How should Distribution Methods be determined?

Fire Concept

Types of Waste (What is normal waste, production waste?)

Fire Recognition

Product pricing methods

Breakeven Point

Analysis of Cost-Volume-Profit Relationships

What are fixed and variable costs?

Calculation of gross and net profit

Why is the profit rate important?

Unit Cost Calculation (Sample Application)

Target Audience:

Employees and managers of General Accounting, Cost Accounting, Production Planning departments, Financial Advisors, Pricing units, managers, company owners, employees who want to train themselves in the field of Costing, ERP system founders and managers.

The aim of the trainingis to share possible solutions to possible risks and problems while transferring the basic information they will need in an export or import process from beginning to end to the people who will participate inthe training, as well as to teach ways to access information about foreign trade in a healthy and easy way.

BEGINNING OF FOREIGN TRADE

• Basic Concepts Used in Foreign Trade,
• Planning Strategies in Foreign Trade
• Business Plan Development in Foreign Trade
• Establishing a Foreign Trade Management System
• Information a Foreign Trade Manager Should Have
• Institutions and Functions Related to Foreign Trade
• Foreign Trade Roadmap
• Export Pricing Strategies
• Content, Importance and Considerations of the Contract in Foreign Trade

MARKET RESEARCH IN FOREIGN TRADE

• Market Research Methods in Export-Import
• What to Know About Target Markets
• Points to Consider in Customer Recognition and Selection
• Points to Consider in Market Research
• Agency – Distributor Selection

CORRESPONDENCE TECHNIQUES IN FOREIGN TRADE

• Correspondence techniques in Foreign Trade and Points to be Considered
• Foreign Trade English
• International Business Correspondence Culture

IMPORT-EXPORT PRACTICES

• Import-Export Workflow
• Import-Export Types
• Calculation of import and export costs
• Transactions According to the Country of Import-Export
• Importance of Customs Tariff Statistics Position (GTIP) Number
• Customs practices
• Problems and Solutions in Import-Export

FORMS OF DELIVERY USED IN FOREIGN TRADE – INCOTERMS 2010

• Delivery at Commercial Operation (EXW)
• Delivery to Carrier (FCA)
• Ship-Aside Delivery (FAS)
• Delivery on Ship’s Bill of Lading (FOB)
• Delivery Freight or Freight Collect (CFR)
• Delivery with Goods, Insurance and Freight Paid (CIF)
• Carriage Prepaid (CPT)
• Carriage and Insurance Paid (CIP)
• Delivery at Terminal (DAT)
• Delivery at Designated Location (DAP)
• Delivery Duty Paid (DDP)
• Expression with case studies

DOCUMENTS USED IN FOREIGN TRADE

• Invoices
• Dispatch (Transportation Documents)
• Packaging Documents
• Free Movement Documents
• Financial Documents
• Product Related Documents
• Other Documents
• The importance of documents in foreign trade, points to be considered, expression with case studies

PAYMENT METHODS IN FOREIGN TRADE

• Advance Payment
• Payment against goods
• Payment against Draft
• Acceptance Credit Payment
• Letter of Credit Payment
• BPO

Points to be Considered in Payment Methods, Risks and Solutions that may be Encountered, Expression with case studies

RISKS IN FOREIGN TRADE

• Buyer Risk
• Vendor Risk
• Country Risk
• Currency Risk

COUNTERFEITING AND FRAUD IN FOREIGN TRADE

Explaining the forgery and fraud situations that may be encountered for different reasons in Foreign Trade with case studies

Target Audience:
Those who are new to foreign trade or employees of companies responsible for foreign trade sales, marketing and operation processes