Brief Introduction
For Board MembersDescription
What do Board Members need to understand about financial statements and budgets to be able to perform their duties? Certainly such things as:
- Recognizing what each of the three financial statements is trying to tell the reader.
- Understanding how to review an operating budget.
- Identifying the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.
- Exploring the types of internal controls that can be used to safeguard assets.
- Ten steps that can be used to review a set of financial statements.
This course provides – in an easy to understand manner – the basic knowledge to make a director comfortable at the boardroom table when the financial statements and budgets are handed out.
Learning Objectives
- Recognize what each of the three financial statements is trying to tell the reader.
- Discover how to review an operating budget.
- Identify the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.
- Explore the types of internal control that can be used to safeguard assets.
- Discover the ten steps that can be used to review a set of financial statements.
Requirements
- Requirements
- You will not need any previous experience with being a board member or know anything about financial statements. All materials needed are included in the course itself.
Debi Peverill
4.5 Raiting
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