All board members, both executive and non-executive, need a robust understanding of financial concepts in order to discharge their fiduciary duties as directors.
This course will equip board members (in particular those who are not qualified accountants) with the financial skills to interpret, and challenge, board-relevant financial information.
The sessions will be very interactive and draw upon the experiences of all attendees. Case studies will also be used.
Participants should expect to find this a challenging, and highly rewarding, programme.
The course covers:
Governance and finance
- The Board’s financial responsibilities
- The Audit Committee - roles and responsibilities
- Internal financial controls
External financial reporting
- The Income Statement, Balance Sheet and Cash Flow Statement
- The Strategic Report and Directors’ Report
- Key accounting policies and standards
- Non-financial information (NFI) reporting
Internal financial management
- Management accounting
- Budgets, forecasts and variance analysis
- Foreign exchange, interest rates and hedging
Sources of finance
- Debt, equity and hybrid
- Angels, VC, PE, Capital markets
- Cost of Capital
- Key stakeholders
- Shareholder value and how companies are valued
- The External Audit – roles and responsibilities
All participants will receive a full documentation package of slides and materials (soft copies).