When you’re presented with a board pack, do you know where to start?
This masterclass provides essential insights into business finance, covering how to analyse board report financials and assess business performance effectively.
Let’s work together to enhance your board-level finance skills in 2024.
Who is this Course For?
The masterclass is suitable for:
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Non-financial non-executive directors looking to enhance their finance skills
What are the Benefits?
Finance plays a crucial role in shaping the strategy and governance of a business, making financial literacy essential for all directors.
This can prove particularly challenging for directors who lack a financial background.
Our course is designed to address these challenges, demystifying complex financial concepts and making them accessible.
We ensure that finance becomes a manageable and integral part of your daily decision-making process. This course will help you:
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Explain key accounting principles and financial ratios, highlighting their advantages and limitations
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Analyse financial statements, including Profit & Loss statements, balance sheets, cash flow statements, and accompanying notes, to understand their connections and insights
About the Course
This course covers the fundamental finance skills you need to understand, analyse and advise on company performance and strategy as a non-financial, non-executive director. It includes:
- 2 hours of on-demand footage
- 2 articles
- 2 downloadable resources
- 2 group sessions
- Certificate of completion
Course Content
Introduction: What do NEDs need to know about finance?
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Being a Director: Responsibilities and risks
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Fundamentals of Financial Accounting: Core concepts for every director
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The Importance of Working Capital: Case analysis
Dissecting financial statements: Hands-on exercises
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Income Statements: Insights and implications
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Balance Sheets: Key elements and interpretation
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Cash Flow Statements: Understanding liquidity
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Financial Ratios: What they reveal about company performance
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Internal Management Accounting: How to interpret board reports, budgets, and more
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Effective Questions: What to ask for informed decision-making