IoD Finance for Non-Financial Directors

University of Salford, Manchester

How long?

  • 3 days
  • in person

What are the topics?

University of Salford, Manchester

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About the course

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.

Overview

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.

Agenda

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

Learning outcomes

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

Experts

Alison Kennedy

Alison is a Chartered Management Accountant, holds a first class honours degree in Economics and the Institute of Directors Diploma in Company Direction. She has held a variety of accounting posts in both the public and private sector as well as senior university appointments. She currently o...

Jo Haigh

An experienced dealmaker, Jo has bought and sold over 400 companies specialising in owner managed businesses and has assisted hundreds of other businesses through successful transactions. Jo is currently non-executive director of 10 companies and has held circa 40+ non-executive roles over the l...

Murray Eldridge

Business experience Murray Eldridge is a Chartered Director and has been a member of the IoD for over 15 years. He has 40 years of international experience in shipping, offshore oil & gas, telecoms, water and international consulting. A board level operator for the last 20 years, he has held ...

Andrew Carroll

Andrew is a Chartered Director and has worked as an independent director and consultant since 1998, with extensive experience as a non-executive with SMEs and public companies, from start-up to exit. Following an early career as an economist for a European consultancy, Andrew worked as an HR dire...

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IoD Finance for Non-Financial Directors at University of Salford, Manchester

From  2125 GBP$2,854

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Disclaimer

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