IoD Finance for Non-Financial Directors
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Demystify the complex world of finance by booking your place on the IoD’s Finance for Non-Financial Directors course. This is a three day training event, plus post-course reading, that enables directors to gain essential knowledge to allow them to contribute to financial discussions in the boardroom.
Understanding financial concepts and knowledge is now vital for all directors. This course teaches delegates to understand and utilise key financial terminology, principles and skills in the modern business environment.
The course is one of four modules that together result in the IoD’s Certificate in Company Direction. Secure your spot on the Finance for Non-Finance Directors course today.
A highly regarded and extremely popular IoD module, the Finance for Non-Finance Directors course enables delegates to develop the necessary skills to evaluate and monitor a business’ financial health.
Throughout the course you’ll gain an understanding of accounting principles and standards, and learn to compile financial statements. You’ll find out about the financial duties expected of directors, learn to interpret the key components of capital investment, and - using accepted financial ratios -establish the financial health of a business.
On top of this, delegates who attend the course will discover the various sources of finance available and their pros and cons.
Finance for Non-Financial Directors is aimed at directors, aspiring directors, and senior directors looking for a deeper understanding of company finance.
Section 1 - Financial Role and Responsibilities of Directors
- Directors Duties, focusing on understanding collective responsibility
- The role of finance in business
- Key financial governance issues
- Introduction to accounting concepts, including the Companies Act and Accounting Standards
- Financial strategy
- Understanding the concept of Shareholder Value
- What to expect from the Finance Director or finance function
Section 2 - Financial Statements
Accounting Concepts (including Going Concern, Accruals, Prudence and realisation, Consistency, True and Fair/Fairly Present, Valuation)
- The Profit and Loss/Income Statement
- The Balance Sheet
- Cash Flow Statement
- Financial terminology
- The impact of business and strategic decisions on the major statements
Section 3 - Assessing Financial Health
- A framework for financial analysis
- Ratio Analysis
- Cash Flow Ratios
- Creative Accounting – looking behind the figures
By attending this course you will gain the knowledge and skills to:
- Evaluate the director's role and responsibilities in relation to 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 in order to assess the financial health of an organisation
- Outline ways of ensuring that management reporting is effective in enabling the organisation's strategy to be achieved
- Understand the key factors to consider in relation to funding requirements and possible funding options