Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
UIT413 |
RISK MANAGEMENT AND AUDITING |
5 |
3 |
3 |
5 |
GENERAL INFORMATION |
Language of Instruction : |
Turkish |
Level of the Course Unit : |
BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
Type of the Course : |
Elective |
Mode of Delivery of the Course Unit |
- |
Coordinator of the Course Unit |
Assoc.Prof. BÜLENT İLHAN |
Instructor(s) of the Course Unit |
|
Course Prerequisite |
No |
OBJECTIVES AND CONTENTS |
Objectives of the Course Unit: |
The objective of this course is to enable students to understand the impact of risk on international business and trade and to manage the risk in business life. |
Contents of the Course Unit: |
Contents of the course include; Risk Management in Businesses, Classification of Risks in Business, Planning in Risk Management Process, Organization in Risk Management Process, Coordination in Risk Management Process, Audit Function in Enterprises, Contribution of Audit in Risk Management, Risk Management Techniques. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
Explain the risk concept and risk types in businesses (Bloom 2). |
Using appropriate methods of risk mitigation, choose the suitable risk management style according to the status of the business (Bloom 3). |
Explain how the audit function in the enterprise is used in the minimizing of risk. (Bloom 2) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
Week |
Preparatory |
Topics(Subjects) |
Method |
1 |
Reading and literature review |
Risk Management in Businesses |
Narration, discussion |
2 |
Reading and literature review |
Classification of Risks in Businesses |
Narration, discussion |
3 |
Reading and literature review |
Classification of Risks in Businesses |
Narration, discussion |
4 |
Reading and literature review |
Planning in Risk Management Process |
Narration, discussion |
5 |
Reading and literature review |
Planning in Risk Management Process |
Narration, discussion |
6 |
Reading and literature review |
Organization in Risk Management Process |
Narration, discussion |
7 |
Reading and literature review |
Organization in Risk Management Process |
Narration, discussion |
8 |
- |
MID-TERM EXAM |
- |
9 |
Reading and literature review |
Coordination in Risk Management Process |
Narration, discussion |
10 |
Reading and literature review |
Audit Function in Businesses |
Narration, discussion |
11 |
Reading and literature review |
Audit Function in Businesses |
Narration, discussion |
12 |
Reading and literature review |
Contribution of Audit to Risk Management in Businesses |
Narration, discussion |
13 |
Reading and literature review |
Contribution of Audit to Risk Management in Businesses |
Narration, discussion |
14 |
Reading and literature review |
Risk Management Techniques |
Narration, discussion |
15 |
Reading and literature review |
Risk Management Techniques |
Narration, discussion |
16 |
- |
FINAL EXAM |
- |
17 |
- |
FINAL EXAM |
- |
SOURCE MATERIALS & RECOMMENDED READING |
Usul, H. & Mizrahi, R. (2016), Risk Odaklı Denetim, Ankara: Detay Yayınları |
Bolgün, K.E. & Akçay, M.B. (2009), Risk Yönetimi, İstanbul: Scala Yayıncılık |
Arıcan, E. , Risk Yönetimi ve Sigortacılık, Nobel Yayınevi |
Hull, J.C. (2018), Risk Management and Financial Institutions, (5. Edition), John Willey Press |
ASSESSMENT |
Assessment & Grading of In-Term Activities |
Number of Activities |
Degree of Contribution (%) |
Description |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES
KNOWLEDGE |
Theoretical |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Define the basic concepts of economics, administrative and human sciences. (Bloom 1)
|
|
|
|
|
|
|
2 |
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
|
|
|
|
|
|
|
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)
|
|
|
|
|
|
|
2 |
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
|
|
|
|
|
|
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Interpret the charts and tables related to the field. (Bloom 2)
|
|
|
|
|
|
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)
|
|
|
|
|
|
|
2 |
Analyze economic and financial reports. ((bloom 4)
|
|
|
|
|
|
|
3 |
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
|
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|
|
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|
|
4 |
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
|
|
|
|
|
|
|
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).
|
|
|
|
|
|
|
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)
|
|
|
|
|
|
|
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)
|
|
|
|
|
|
|
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)
|
|
|
|
|
|
|
2 |
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
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|
|
|
|
|
3 |
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
|
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|
|
4 |
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
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|
|
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
Workload for Learning & Teaching Activities |
Type of the Learning Activites |
Learning Activities (# of week) |
Duration (hours, h) |
Workload (h) |
Lecture & In-Class Activities |
14 |
3 |
42 |
Preliminary & Further Study |
14 |
2 |
28 |
Land Surveying |
0 |
0 |
0 |
Group Work |
0 |
0 |
0 |
Laboratory |
0 |
0 |
0 |
Reading |
0 |
0 |
0 |
Assignment (Homework) |
0 |
0 |
0 |
Project Work |
0 |
0 |
0 |
Seminar |
0 |
0 |
0 |
Internship |
0 |
0 |
0 |
Technical Visit |
0 |
0 |
0 |
Web Based Learning |
0 |
0 |
0 |
Implementation/Application/Practice |
0 |
0 |
0 |
Practice at a workplace |
0 |
0 |
0 |
Occupational Activity |
0 |
0 |
0 |
Social Activity |
0 |
0 |
0 |
Thesis Work |
0 |
0 |
0 |
Field Study |
0 |
0 |
0 |
Report Writing |
0 |
0 |
0 |
Final Exam |
1 |
1 |
1 |
Preparation for the Final Exam |
7 |
5 |
35 |
Mid-Term Exam |
1 |
1 |
1 |
Preparation for the Mid-Term Exam |
5 |
4 |
20 |
Short Exam |
0 |
0 |
0 |
Preparation for the Short Exam |
0 |
0 |
0 |
TOTAL |
42 |
0 |
127 |
|
Total Workload of the Course Unit |
127 |
|
|
Workload (h) / 25.5 |
5 |
|
|
ECTS Credits allocated for the Course Unit |
5,0 |
|