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.
Mike is a Partner of McGrathNicol Forensic in Queensland and specialises in dispute advisory, forensic investigations and business reviews. A Chartered Accountant for over 20 years, Mike has extensive experience in the preparation of expert reports as part of legal proceedings and conducting investigations on behalf of government, financiers and private sector clients. Mike also has experience in undertaking insolvency assignments, performing viability assessments/business case reviews and financial modelling and is a Director of an Approved Superannuation Trustee.
Janine is a Partner of McGrathNicol Forensic. A Chartered Accountant with more than 16 years of dedicated forensic experience in Australia, Janine has led and worked on a broad range of forensic investigations into fraud, misconduct and financial misstatement as well as claims for economic loss and performing financial reconstructions. Previously, Janine worked for a Big Four accounting firm in the UK, working on external and internal audit assignments for corporate clients and not-for-profits.
"The content was outstanding and very informative. This was exactly the session I have been looking for." Financial Literacy workshop participant
"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". Financial Literacy workshop participant
With thanks to our corporate partner