Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Integrated system of controls and risk management (17.IMS331)

Native organizations units: No data

Type of studies	Title
Specialised Academic Studies	Engineering Management (Godina: 1, Summer)

General information:

Category	Professional-applicative
Scientific or art field	Menadžment i investicije u inženjerstvu
Interdisciplinary	Yes
ECTS	5

Educational goal:

The aim of the course is completing and integration of component of strategic thinking necessary to the engineers on the management positions. Students will learn about modern instruments of business processes' control and their relation in order to achieve qualitative control environment of the organization. The goal of the course is introduction of control instruments of accounting, controlling, fast closing, ERP (Enterprise Resource Planning) , IMS (Integrated Management System), ERM (Enterprise Risk Management), Internal audit and other control mechanisms in the process of the key operating and financial risk management. Systems of control are in the function of the implemented model of business risk management aimed to achieve goals of the entity.

Educational outcome:

After the course student should acquire: knowledge and skills needed for application of international standards, instruments, procedures and models of internal control systems in an organization; knowledge for practical application of instruments and techniques of integrated control systems. After the course and passed exam students will be able to: use models and tools for analysis of control environment in the companies and organizations, make conclusions, suggest and compare different strategies, create reports and recommendations for capital owners and managers, participate in the improvement of business processes regarding efficiency of control tracks. Students will be able to implement model of business risk management (identification, evaluation, impact, reducing) directed towards realization of aims of entity.

Course content:

System of internal controls of an entity; Control as a management phase; Recording and analysis of business processes from the aspect of control track; Financial management and control; Operating risk management; Quality systems; Accounting period fast closing; External audit of financial statements; Internal audit; Controlling; Application of ERP and similar systems; International auditing standards; Application of international control models (COSO); Risk management models and their implementation in the organization; Strategic risk management.

Teaching methods:

Lectures; Lectures of visiting auditors and managers; Auditory practices; workshop in the companies

Literature:

Authors	Title	Year	Publisher	Language
John Fraser, Betty Simkins, Kristina Narvaez	Implementing Enterprise Risk Management: Case Studies and Best Practices	2015	John Wiley & Sons	English
Perović, V.	Kontroling	2007	Rodacomm, Novi Sad	Serbian language
Živkov, E.	Razvoj modela internih kontrolnih mehanizama u funkciji upravljanja preduzećem	2015	Fakultet tehničkih nauka Novi Sad	Serbian language
Branislav Nerandžić	Interna i operativna revizija	2007	Stylos Novi Sad	Serbian language