Financial advisors basically prepare the declarations of the companies through the brokerage and responsibility agreement in Turkey, follow the work that the companies are obliged to do before the Tax Office and the Social Security Institution, and provide consultancy services on financial issues.
Financial advisors have two types of working styles and related titles: dependent financial advisors and independent financial advisors. Dependent financial advisors perform their duties as employees of a company and can only serve the company they work for, that is, the company they are affiliated with. However, independent financial advisors, on the other hand, are not affiliated with a company, but can work independently with more than one company within the scope of an intermediary-liability agreement. In this context, dependent financial advisors must register with the Istanbul Chamber of Certified Public Accountants, and independent employees must register independently before starting the study.
In order to become a financial advisor, first of all, it is necessary to have a bachelor’s degree from the relevant departments. Afterwards, the CPA of the city of affiliation It is necessary to open a file in the room and pass the internship initiation exam, to complete an internship for 3 years with a financial advisor (it may be shortened according to the courses and graduate status, for example, a candidate professional who has a master’s degree in the relevant departments has the chance to reduce the internship period from 3 years to 2 years) and finally, to pass the classical exam organized from eight courses. After doing all these, the license can be received by registering with the chamber of the city to which it is officially affiliated. As can be seen, it can be said that it is a profession with a very long road, a challenging and tiring process that requires many exams.
Independent financial advisors are basically:
- Advising on your company’s financial issues,
- Making the correct diagnosis about your company’s tax position and developing plans,
- Follow-up of your company’s legal books,
- Preparation of official statements such as trial balance, balance sheet, income statement of your company, systematic follow-up of income and expense situations during and before this preparation,
- To ensure the financial-legal regulation of your company by following the legislation and laws, comparing it with the situation of your company and against the new-current situations that arise,
- Correct transfer of all paperwork such as bank, cash register, invoice that you carry out in your company to the legal books.
Unfortunately, we have come to the end of this article, where we are looking for an answer to the question of what is a financial advisor in general.
As Ahmet Faruk Altınş Financial Consultancy Office , we can help you with important issues that you are curious about, want to learn, and that will guide your business. For more details and to take advantage of our free preliminary consultancy service, you can contact us using the information on our contact page.
