Not all Board members have passion and talent in the area of finance, but all have responsibility for it. This course gives board members who are less financially experienced a basic overview of how to fulfil their due diligence in oversight of school financial performance, audit and ensuring solvency.
This course will help boards in the important task of ensuring financial viability, transparency and solvency.
Course structure
The course is designed to be completed as a module that is part of the suite of governance training courses. However, boards can access individual topic modules as needed.
These short-courses can be undertaken by individual board members, or be completed as a board together. The modules are kept short so boards can fit the training into their busy board calendars.
The training builds on the materials covered in the Board Induction Course, and this is a useful pre-requisite to the governance modules.
Outcomes
As a result of participating in this course, participants will understand:
- The purpose of the key financial statements and how they relate to each other
- What information can be gleaned from the financial statements
- How to approach assessing the financial performance of the school
- The role of the annual financial audit
- The indicators of possible insolvency
- What to do if insolvency is suspected or detected
- Liability for trading insolvent and how to demonstrate due diligence.
Contact [email protected] to enrol