Financial Analysis for Officers and Directors

It is of critical importance that directors (and officers) of all types of organisations have a reasonable understanding of a company’s financial statements to effectively undertake their respective roles and meet their statutory and common law duties.

The decision of the Federal Court of Australia in ASIC v Healey [2011] FCA 717 (the Centro case) reinforced the courts’ view that directors of listed companies have a statutory duty to maintain a reasonable level of financial literacy, in order to understand and present the true financial position of the company or group.

The aim of this course is to show how to analyse the performance of a company using its three financial statements.

The course objectives are to:

• outline the accounting concepts and principles upon which the preparation of financial statements is based
• recognise how accounting standards create some limitations in the preparation of financial statements
• understand links between the financial statements
• help you assess the financial capacity of a company
• form and express an opinion on the financial capacity of a company, arising from your assessment of the financial statements.

Who should attend?

• senior managers or directors, including company secretaries, assistant company secretaries, CEOs, managing directors, COOs, general managers, chairs, partners, presidents, vice presidents
• senior managers and directors with a non-financial background
• anyone with budgeting or financial reporting responsibilities
• professionals and managers requiring a refresher.