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 course will equip directos (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