Finance for Director’s Course

Schedule

Mon Jun 03 2024 at 09:00 am to Fri Jun 07 2024 at 05:00 pm

Location

Moi Avenue | Nairobi, NA

Course Introduction:

As a director understanding financial principles and practices is crucial for effective decision-making and strategic planning. This course is designed to equip directors with the knowledge and skills necessary to interpret financial statements analyze financial performance and contribute to the financial management of their organizations. Through a combination of theoretical concepts and practical case studies participants will gain insights into financial terminology budgeting financial risk management and financial governance. By the end of this course directors will be better equipped to fulfill their fiduciary duties and contribute to the financial health and success of their organizations.

Course Objectives:

  1. Enhance Financial Literacy: Improve participants' understanding of financial concepts terminology and principles relevant to directors' roles and responsibilities.
  2. Strengthen Financial Analysis Skills: Develop participants' ability to interpret financial statements assess financial performance and make informed decisions based on financial data.
  3. Foster Financial Governance: Provide insights into best practices for financial governance including budgeting financial risk management and compliance with regulatory requirements.
  4. Enable Strategic Financial Planning: Equip directors with the skills to contribute effectively to strategic financial planning processes and initiatives within their organizations.
  5. Promote Financial Accountability: Empower directors to fulfill their fiduciary duties and responsibilities related to financial oversight and stewardship.

Organization Benefits:

  1. Improved Financial Oversight: Directors who are knowledgeable about finance can provide effective oversight of financial matters ensuring transparency accountability and compliance with regulatory requirements.
  2. Informed Decision-Making: Directors who understand financial principles and practices can make informed decisions that align with organizational goals and objectives leading to better outcomes and performance.
  3. Enhanced Risk Management: Directors equipped with financial analysis skills can identify and assess financial risks enabling proactive risk management and mitigation strategies.
  4. Strengthened Governance Practices: A board with strong financial literacy and governance practices contributes to the organization's overall governance framework enhancing its reputation and credibility.
  5. Sustainable Growth: Directors who actively engage in strategic financial planning and decision-making contribute to the organization's long-term financial health and sustainability driving growth and success.

Target Participants:

This course is designed for current and aspiring directors board members and senior executives who have oversight responsibilities for financial matters within their organizations. Participants may come from various sectors including corporate non-profit government and academia.

Course Outline:

Module 1: Financial Fundamentals for Directors

  • Understanding financial statements: balance sheet income statement cash flow statement
  • Key financial ratios and metrics for assessing financial health
  • Financial terminology and concepts relevant to directors

Module 2: Financial Analysis and Performance Evaluation

  • Techniques for analyzing financial statements and assessing financial performance
  • Identifying trends strengths weaknesses and areas for improvement
  • Interpreting financial data to support decision-making

Module 3: Budgeting and Financial Planning

  • Principles of budgeting and financial planning
  • Developing and monitoring budgets to support organizational goals
  • Aligning budgets with strategic priorities and resource allocation

Module 4: Financial Risk Management and Compliance

  • Identifying and assessing financial risks
  • Strategies for managing financial risks and ensuring compliance with regulatory requirements
  • Role of directors in overseeing financial risk management

Module 5: Financial Governance and Reporting

  • Best practices for financial governance and oversight
  • Responsibilities of directors related to financial reporting and disclosure
  • Communicating financial information effectively to stakeholders and the board


Where is it happening?

Moi Avenue, Moi Ave, Nairobi, Kenya
Tickets

USD 1200.00

Soaring Skills Training Institute

Host or Publisher Soaring Skills Training Institute

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