Being able to understand the financial accounts of an organisation is an essential skill for board members. You don't need to be a numbers expert or to be deeply familiar with accounting standards and terminology but you do need to have a basic understanding of key elements of a Balance Sheet and Profit & Loss / Income & Expenditure Statement, along with the confidence to ask questions on areas which are not clear or give you cause for concern.
If you want to truly understand the business you oversee, you need to speak the language of financial statements. What gets measured gets done, and what gets noticed gets actioned.
This workshop will provide you with the tools to understand and speak the language of financial and commercial concepts:
- Provide a framework for commercial and financial analysis
- Enhance your ability to understand financial information
- Identify commercial and financial “red flags”
- Build the bridge between the Board and operational aspects of your business.
The workshop will be followed by a webinar where we will continue to discuss Financial Literacy in the Boardroom further and cement what you have learnt by working through the fortunes of a case study company.
Michael is a Partner of McGrathNicol Forensic based in the Perth office. Michael has more than 20 years’ experience specialising in forensic investigations, dispute advisory and fraud risk management. Michael advises clients dealing with bribery and corruption issues, commercial and contractual disputes and issues, corporate investigations, financial analysis and forensic technology assignments, including proactive data analytic assignments to identify irregularities. Previously, Michael worked for the Australian Securities and Investment Commission and BankWest.
Elissa is Manager of McGrathNicol Forensic. She is a Chartered Accountant, and was previously a detective in the West Australian police service. Elissa has extensive experience in conducting investigations in relation to fraud, public sector misconduct and corruption.
"I wanted to let you know that this course was excellent. Mike Hill and Janine Thompson were second to none in their delivery. They provided a lot of information and I especially enjoyed the “war stories” as these were very insightful. Great to meet Ruth as well, all be it very briefly, over a wine at the intro drinks part of the eve".
"The content was outstanding and very informative. This was exactly the session I have been looking for." Financial Literacy workshop participant
Financial Literacy workshop participant
With thanks to our corporate partner