This course is suitable for directors from all sectors, and for all levels of financial experience, though it is particularly helpful for those without a finance background.

It is recommended but not essential for participants to have completed the Company Directors Course.

Over the course of the day, participants learn the key financial concepts and skills they need to fulfil their duties and responsibilities as directors. The course: 

• highlights the importance of financial literacy and the financial reporting responsibilities and obligations imposed on directors by the law;
• gives an overview of the three key financial statements, namely the balance sheet, income statement and statement of cash flows;
• offers a simple step-by-step methodology on how to read, analyse and interpret the three key financial statements and draw conclusions;
• provides participants with a take away "financial health checklist" that can be applied to any organisation;
• assists participants understand key accounting concepts, such as accrual accounting, going concern, working capital, EBIT and EBITDA, and depreciation and amortisation.

Each case study provides a series of key financial ratios. Each board must develop questions that they would ask of management in relation to the figures and what additional supporting financial documents they would request.

This one-day course assists participants understanding what types of questions and what additional information they would be expected to ask for in board meetings.

Duration

This is a one-day course (7 hours).

Please ensure you have read and understood the Cancellation Policy.