Financial Literacy for Board Members

Financial Literacy for Board Members

What do Board Members need to understand about financial statements and budgets to be able to perform their duties? Certainly such things as:

• Recognizing what each of the three financial statements is trying to tell the reader.

• Understanding how to review an operating budget.

• Identifying the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.

• Exploring the types of internal controls that can be used to safeguard assets.

• Ten steps that can be used to review a set of financial statements

This course provides – in an easy to understand manner – the basic knowledge to make a director comfortable at the boardroom table when the financial statements and budgets are handed out.

This course provides what Board Members need to understand about financial statements and budgets.

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What you will learn

• Recognize what each of the three financial statements is trying to tell the reader.
• Discover how to review an operating budget.
• Identify the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.

Rating: 4.4

Level: Beginner Level

Duration: 1 hour

Instructor: Illumeo Learning