Academy of Technical and
Art Applied Studies Belgrade

Business Processes Auditing, Control, and Revision Course code: 218002 | 8 ECTS credits

Basic information
Level of Studies: Undergraduate applied studies
Year of Study: 1
Semester: 2
Requirements:
Goal: Acquiring extended knowledge in the field of financial business. To enable students to perform business analysis, control, and audit of business of legal entities (companies, public enterprises, public utility companies) and entrepreneurs.
Outcome: Students will acquire theoretical and practical knowledge in the field of financial analysis, control, and audit of the business. Students will understand the significance of the smooth financial functioning of legal entities and entrepreneurs. Students will be able to perform analysis and synthesis, to create professional opinion in financial analysis, control, and audit. Students will acquire and develop abilities and skills related to business analysis, control, and audit, understand the concepts and categories in the field of analysis, control and audit of the business, understand the principles of proper financial management, and be able to analyze, control and audit specific financial operations, and spread their knowledge about all these aspects.
Contents of the course
Theoretical instruction:
  1. The concept and types of business analysis.
  2. Analysis of business functions (procurement, sales, transport, storage, marketing, etc.).
  3. SWOT analysis (internal factors - strengths and weaknesses, external factors - threats and opportunities of the environment ...).
  4. Economic analysis (productivity, economy, profitability, liquidity, creditworthiness, etc.).
  5. Balance sheet analysis (balance sheet, income statement) and capital gain analysis.
  6. Ratio analysis (quantification and analytical interpretation),
  7. Cash flow analysis, indebtedness, costs, inventories, etc.
  8. Valuation analysis (asset valuation and capital asset valuation, etc.).
  9. Analysis of financial statements.
  10. Control and audit - similarities and differences
  11. Audit documentation, evidence, and procedures.
  12. Risk assessment
  13. Internal control and auditing.
  14. Audit report and presentation on audit findings.
  15. Clients and audit findings
  16. State audit institution of the Republic of Serbia.
Practical instruction (Problem solving sessions/Lab work/Practical training):
  1. Practical instruction is followed by a lecture program. 
Practical work with legal entities in functions (sectors, services) related to financial operations, control, and audit.

Textbooks and References
  1. Todorović, M., Milutinović, S.V., „Revizija“, Ekonomski fakultet Univerziteta u Beogradu, Beograd, 2015
  2. Ivanišević, M., „Poslovne finansije“, Ekonomski fakultet Univerziteta u Beogradu, Beograd, 2014.
  3. Ranković, J., „Finansije preduzeća“, Ekonomski fakultet Univerziteta u Beogradu, Beograd, 2012
  4. Bojović, P., i dr., „Finansijska analiza poslovanja“, Žig, Beograd, 2010
  5. Bojović, P., i dr., „Finansijska kontrola i revizija“, Žig, Beograd, 2010.
Number of active classes (weekly)
Lectures: 4
Practical classes: 3
Other types of classes: 0
Grading (maximum number of points: 100)
Pre-exam obligations
Points
activities during lectures
0
activities on practial excersises
0
seminary work
0
colloquium
0
Final exam
Points
Written exam
0
Oral exam
0