Overview
This session is designed to assist directors that do not have a financial background to a well-grounded understanding of the financial concepts that underpin the preparation and presentation of financial statements. The session specifically focuses on analysing and interpreting the financial information presented to directors, and the financial statements in particular, in order to assess the company’s financial position, performance and cash flow.

This session is not designed for delegates with in-depth financial qualifications or experience.

• Principle 5: The governing body should ensure that reports issued by the organisation enable stakeholders to make informed assessments of the
  organisation’s performance, and its short, medium and long-term prospects

• Your responsibility as a director with regard to the financial statements.
• The conceptual framework - 
  ü  Objectives
  ü  Assumptions
  ü  Characteristics
  ü  Elements of financial statement 
• Understanding the various components of financial statements, namely the income statement, balance sheet, cash flow statement accounting policy and other notes.
• The requirements of certain accounting standards that directors should be aware of.
• Ratio analysis - 
  ü  who is to relate the various components of the financial statements with each other.
• Interpretation of financial ratios through a case study.

 Programme facilitator

Rene van Wyk

Duration
One Full day: 09h00 - 16h00

Programme fees (Excludes VAT)

Fellow Member:                      R 3 753.91
Subscription Paying Member: R 4 504.47
Other:                                      R 5 630.59

Includes: Course Material, Refreshments & Lunch