HUB successfully organized the Advanced Corporate Financial Reporting and Detection of Common Errors and Frauds in Financial Statements Training Course for International Bank staff.
On May 24 & 25, 2024, Ho Chi Minh City Banking University (HUB) and Vietnam International Bank (VIB) successfully coordinated to organize the Training Course “Advanced corporate financial reporting & detecting common errors and frauds in financial reports” for more than 40 students who are Business Directors, Retail Banking Directors and credit and valuation experts at VIB.
The objective of the training course is to update in-depth knowledge of financial statement analysis (FS) for financial experts, auditors and anyone involved in the work of analyzing FS. At the same time, equipping more methods and techniques to become a good expert in "diagnosing the actual financial health" of the business based on FS analysis, thereby helping to make the most appropriate management decisions, investment decisions and professional decisions.
With a scientific teaching method, flexible in applying theory to handling real-life situations, the group exercises that Ms. Tran Thi Hai Van, lecturer of the HUB Accounting - Auditing Faculty, member of the Association of Chartered Certified Accountants (ACCA) and the Institute of Internal Auditors (IIA), a consultant in the field of accounting - auditing with many years of experience, brought to the training course contributed to creating a fun, useful and effective learning atmosphere. This is also a teaching method rich in practicality and applicability, helping learners easily absorb specialized knowledge, as well as deeply understand and know how to effectively apply the knowledge, techniques and methods learned to identify and detect common errors and frauds on financial statements, thereby helping learners improve their ability to make an overall assessment of the financial health of the enterprise.
At the end of the training course, most of the trainees affirmed that the training course helped them equip themselves with more in-depth knowledge, very practical and useful methods and techniques; helping them to understand more deeply the numbers in financial reports, cash flow reports, identify "abnormal" points in financial reports, thereby knowing the "real" health status of the enterprise. The most important thing is to help them confidently apply effectively in practice to be able to conduct internal audits independently, and be more proactive in proposing measures to improve the enterprise's internal control system.
The success of the training course is a special mark of the effective cooperation between HUB and VIB in the effort to train and improve the working capacity of VIB's leadership team and staff, contributing to the prosperous development of VIB in the coming time.
