Overview

This three-day Finance for Non-Finance Directors training program is designed to equip non-financial members of the Board of Directors with the knowledge and skills to fulfill their legal financial responsibilities. Participants will learn how to analyze and interpret key financial documents, including the Statement of Financial Position, Statement of Comprehensive Income, and Statement of Cash Flow. It will also help delegates recognize and understand the impact of Fundamental Accounting Concepts and International Financial Reporting Standards on a company's financial statements.

This training emphasizes hands-on case studies and discussions, allowing attendees to practice their newly acquired skills and knowledge. This approach reinforces learning and helps participants integrate these skills into their core knowledge and abilities.

Program Objectives

• Evaluate the director's role and responsibilities about finance and the relationship between financial and corporate strategies.
• Understand common financial statements and, how they relate to each other and are affected by business decisions.
• Explain how to use financial ratios, and interpret accounts to assess the financial health of an organization.
• Outline ways of ensuring that management reporting is effective in enabling the organization's strategy to be achieved.
• Understand the key factors to consider concerning funding requirements and possible funding options.

Learning Outcomes

Delegates will gain the knowledge and skills needed to evaluate the financial health of their business, comprehend the link between financial and corporate strategies, understand the concept of financial risk, and recognize the significance of risk assessment and management.

Target Delegates

This program is intended for all Senior Executives, from departmental heads to the Chief Executive and the Chair of the Board of Directors.

Planned Program

Day 1

• Understanding Key Financial Statements.
• Fundamentals of Financial Reporting.
• The Role of Auditing in Corporate Governance.

Day 2

• Analyzing Financial Performance using Ratios.
• Financial Risk Management.
• Strategic Budgeting, Financial Planning, and Performance Management.

Day 3

• Corporate Governance and Financial Oversight.
• Capital Investment and Financing Decision Making.
• Ethical Leadership & Regulatory Compliance for Supervisors and the Board.

Training Approach

This training is delivered by our experienced trainer who is an expert in his respective fields. The instruction includes a combination of practical activities, presentations, group work, and case studies. Participants will also receive training notes and additional reference materials.