Abalıoğlu Holding A.Ş. companies’ Financial Affairs managers shall coordinate with the Holding Directorate of Financial Affairs in the following issues and related computer applications: 

•Chart of Accounts,

•Budget management and applications,

•Accounting management and applications,

•Financial reports,

•Finance management and applications, and 

•Financial audit. 

For budget applications used in our companies, our main purpose is to ensure self-control. Here we want our units to create a management approach to provide self-training and self-development by creating the cycle of Plan, Exercise, Determine deviations from plan – establish a system to maintain positive deviations and eliminate negative deviations – and Re-plan. 

In our group, the method used to set forth Accounting Plan and Financial reporting standards is to activate the decision-making mechanism by creating an integrated infrastructure for reports both used within the companies and to be submitted to the Holding. Financial Affairs Department managers are responsible for consolidating financial data, and obtaining, commenting and reporting statistical data according to respective process, and taking necessary actions and conducting necessary studies to ensure that month-end trial balances and budget control reports are issued within the 5th day of each month in all our companies. We also want year-end accounts are completed within January. 

Achieving a reasonable growth rate is another condition for competition under market conditions. Therefore, we benefit from liabilities as well as equities as the part of our finance policy in our companies. However, it should be admitted that it is inevitable to conduct a cost/benefit analysis under the current conditions. Here, the purpose is to plan liabilities in a balanced way and when the leverage is in our favor. Our companies may need to take loans periodically or create cash surplus while carrying out their activities. We need to attach great importance to cash management based on the fact that money is a very expensive instrument. Financial Affairs Department managers of the companies will exchange sources according to legal requirements by contacting the Holding to increase efficiency both in obtaining loans and making good use of cash surplus. 

Planning and updating all cash flows in our companies daily, weekly, monthly and semi-annually is extremely important for our cash management.

We wish that our relationships with the banks we are/will be working with would create mutual income. For such income creation, the factor required to be considered is benefit optimization through cost/benefit analysis. 

We give importance to strategic partnership and public offering in the HOLDING A.Ş. companies.

Conducting financial analysis to answer the questions “where were we yesterday, where are we today and where should we be tomorrow” for all the group companies is extremely important. Therefore, Financial Affairs Department is required to both fulfill our legal requirements and also undertake its contemporary role and use management accounting principles. 

As the HOLDING, we will be in contact and in relation with valuable Financial Affairs managers in our companies in all financial issues to support and develop each other and create positive values in favor of the company and the group.