Overview

All directors and board members, both executive and non-executive, need a robust understanding of financial concepts in order to discharge their fiduciary duties as directors.

Offered in association with Non-Executive Directors' Association (NEDA), this digital course will take place in the morning of 16 and 17 June and will equip directors (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.

Content of the course

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

Stakeholder perspectives

• Key stakeholders
• Shareholder value and how companies are valued
• The External Audit – roles and responsibilities