Board of Directors Financial Reporting Fundamentals Course


Introduction

This course is designed for directors without a financial or accounting background. It provides directors with essential accounting knowledge and practical tips, and equips them with the key tools and concepts to review company financial statements. Through case studies and related discussions on situations involving financial and accounting matters, participants will learn what questions to ask, what to watch out for as a director and why they should be looking at these areas.

Duration

5 Days

Target Audience

Aspiring and current directors without a financial background.

Course Objectives

  1. Understand directors’ duties in respect of company financial reporting obligations and internal controls.
  2. Highlight the importance of asking relevant and probing questions in relation to financial statements.
  3. Enhance directors’ effectiveness when reviewing financial statements prepared by management.

Course Outline

  1. Directors’ duty in preparing true and fair financial statements.
  2. Directors’ duty in implementing internal controls.
  3. Key focus areas when reviewing financial statements.
    • Financial statements prepared on a going concern basis.
    • Presentation of Statement of Financial Position.
    • Revenue: timing of recognizing revenue.
    • Fictitious revenue and prepayment.
    • Impairment of assets and judgmental estimates.
    • Provision: liabilities of uncertain nature.
    • Financial notes and disclosure: credit risk and fair value measurement.
    • Investment in other companies’ equities.
    • Presentation of Statement of Cash Flow.
    • Common accounting mistakes.

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.

IRES

Enroll to In-Person (Face to Face)

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

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IRES

Enroll for a Virtual Zoom Class

Join a scheduled class with a live instructor and other delegates.

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IRES

Enroll for Online Self-paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

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Benefits of Taking a Course at IRES

LEARN

Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.

NETWORK

Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.

GROW

Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.