Speak the language of financial statements... What you always wanted to know but were afraid to ask (financially speaking).
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.
It is suited to those who have a basic grasp of financial concepts as well as the more financially sophisticated who need a refresher. It provides a framework for commercial and financial analysis and will enable you to:
- Understand financial information and speak the language of financial and commercial concepts
- Identify commercial and financial “red flags”
- Build the bridge between the Board and operational aspects of your business.
- A 2.5 hour virtual webinar. Comprehensive workbook provided with a case study to review in your own time.
- A one hour follow up virtual webinar to work through the case study, raise additional questions and cement what you have learnt. (Being held on Monday 25 March @ 12 noon AEDT - recording available if you are unable to attend.)
The Finance Essentials workshop is delivered by WOB's corporate partner, McGrathNicol.
The content was outstanding and very informative. This was exactly the session I have been looking for. Financial Literacy participant
As a NED for a number of years, I found this workshop an excellent refresher. The advice provided was highly valuable and demonstrates how important it is for all board members to review their financial skills regularly." Megan Lavender, Management consultant, Company Director, Government Board Member.
Mike Hill - Forensic Partner at McGrathNicol
Mike specialises in dispute advisory, forensic investigations and business reviews and is a registered liquidator. Having worked as a Chartered Accountant for more than 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. He has undertaken insolvency assignments, performed viability assessments, business case reviews and financial modelling. He is also a director of an APRA licensed superannuation Acting Trustee.
Mike has worked across a wide range of industry sectors, including financial services, resources, construction, government, retail, manufacturing and superannuation. As a respected expert in the field, he has given evidence in a range of Australian Supreme Courts as well as the Federal Court.
He has acted as an independent or consulting expert on a variety of matters, including on regulatory investigations, class actions brought in relation to disclosure issues, and has prepared independent expert reports dealing with the quantification of loss and other accounting related topics.
Emma Fletcher - Director at McGrathNicol
Emma has more than 13 years' experience as a restructuring and turnaround specialist, having worked on a number of complex engagements. She works with a range of clients including lenders, private companies and government to provide strategic advice and deliver key outcomes.
She has extensive experience working with trading businesses, particularly in the hospitality sector, and providing business sale and transaction assistance to businesses of all sizes. She has also managed a number of trust account receivership engagements for the Department of Justice and Attorney-General (Office of Fair Trading Qld).
Emma has experience across a broad range of industries including aged care, property and construction. Emma has also undertaken secondments at Australia and New Zealand Banking Group working across a portfolio of impaired loans and at Suncorp Bank for a project regarding events of default and recoveries.
With thanks to our corporate partner