Course description
To operate effectively, it is essential high-level executives understand financial concepts. The Directors Finance Programme is a two-day streamlined course that will provide delegates with an understanding of the legislative and regulatory framework within which financial statements are produced and financial decisions are made.
This directors finance training programme will outline directors’ responsibility for the provision of financial information and provide an understanding of financial language and a facility with its use. These insights provide the platform for executives to engage confidently in financial discussions.
Upcoming start dates
Suitability - Who should attend?
The Directors Finance Programme is ideal for directors, c-suite executives, owner-managers, and entrepreneurs, who are looking for an outstanding personal development opportunity to improve their performance and become more effective business leaders.
Outcome / Qualification etc.
On completion of this programme delegates will understand:
- The Directors responsibilities in relation to finance.
- The importance of managing risk and return.
- Financial terminology.
- How to confidently engage in financial discussions.
- The uses and limitations of the principal financial statements, the Balance Sheet (Statement of Financial Position), Profit and Loss account (Income statement) and Statement of Cash Flow.
- The difference between cash and profit and that organisations fail due to lack of cash rather than lack of profit.
- How to assess the value of investments using discounted cash flow techniques.
- How to read the Report and Accounts of an organisation and what they don’t show you.
- How management accounts differ from financial accounts and the reason for the differences.
- How to assess financial performance and spot signs of financial distress.
Training Course Content
This is a two-day program and will cover the following areas:
- Directors’ responsibility in relation to finance.
- Legislative and regulatory framework.
- Role of auditors.
- The importance of managing risk and return.
- Organisational appetite for Operational and Financial Risk.
- Impact of financial structure on risk – Gearing/Leverage.
- Financial Statements.
- Income Statement (Profit and Loss Account).
- Statement of Financial Position (Balance Sheet).
- Valuation and Other Issues in Financial Reporting.
- Statement of Cash Flow.
- Management Accounting vs Financial Accounting.
- Reason for differences.
- Role of Budgeting.
- Assessing Investments.
- Reading the Report and Accounts.
- Assessing financial performance.
- Spotting signs of financial distress.
- Ethical Finance.
- Assessing ethical performance.
Salford Professional Development
Salford Professional Development (SPD) is a subsidiary of the University of Salford, located in Greater Manchester. It provides a wide range of training options, including in-house, virtual, and customised programs, serving over 9,000 clients annually from both the public and...