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Basics in Financial Literacy Program (Upcoming Live Session)

Date: September 21st to October 12th  (4-week course)
: Online
Time: Noon - 1:30pm (ET), every Thursday

Governance Community Corporate Member price:
CAD$ 747.
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Designed for professionals tackling the early stages of financial literacy, our 4-week program gives the confidence you need to understand your organization's reports, such as your income statement and balance sheet.

The Basics in Financial Literacy Program gives board members, governance professionals, directors, managers, and business owners independence in understanding financial reports, and the confidence to ask great questions about them.

Learn how to keep:

  • The Growth Score: gain a deeper understanding of revenue and the statement of income
  • The Profit Score: explore various types of expenses, the bottom-line profit, and how to know when enough is enough
  • The Cash Score: delve into the concept of assets in their various types and forms and how to recognize them in the statement of financial position
  • The Capital Score: recognize the nuances of liabilities and equity and their place in the statement of financial position


September 21st
Keeping Score Through Growth: Revenue and the Statement of Income 

  • Keeping score through growth
  • What an income statement is
  • What revenue is
  • How to increase our income/growth
  • The difference between volume and price variance

September 28th
Keeping Score Through Profits: Expenses, Profits, and the Statement of Income 

  • Keeping score in profits and productivity
  • Earning analysis
  • Productivity analysis
  • What expenses are
  • Difference between cost of goods sold and operating expenses
  • What gross margin is
  • Profits – the Bottom Line
  • Difference between profit and cash
  • Increasing income vs reducing expenses

October 5th
Keeping Score Through Cash: Assets and the Statement of Financial Position 

  • Keeping score with cash
  • Enough cash vs too much cash
  • What a balance sheet is
  • What a fiscal year is
  • What an asset is
  • Types of assets
  • What accounts receivable are
  • Income statement vs balance sheet

October 12th
Keeping Score Through Capital: Liabilities, Equity and the Statement of Financial Position 


  • Keeping score in shareholder value
  • What liability is
  • What debt is
  • Current and long-term liabilities
  • Deferred revenue


  • What capital is
  • What reserves is
  • Difference between capital and working capital
  • Retained earnings and equity/net assets

These highly interactive sessions will familiarize you with practical tools, and then engage you in board simulations to gain experience in using them.

Where do you fall on the financial literacy spectrum?

There are 5 levels of financial literacy:

Level 1 - Knowledge of mathematics

Level 2 – Knowledge of basic statements

Level 3 - Knowledge of the Notes, Cash Flow Statement and MD&A

Level 4 - Knowledge of the assumptions behind the financial statements

Level 5 - Knowledge of GAAP and Auditing

This program is aimed at an audience that is early in the Financial Literacy spectrum; people seeking to be confident at level 2.
Not sure about your Financial Literacy level? Click here to take our Financial Assessment and find out!

Available Resources:

By joining this course, you will have access to curated materials from Governance Solutions.

- Publication: Financial Literacy at the Board Level
- Publication: How to Read and Understand Income Statements
- Publication: A Manager’s Guide to Finance & Accounting
and more.

Worried you’ll miss a session?

Replay videos, as well as supplemental handouts and presentations, are available via your materials page for a minimum of one year!

Looking to participate with peers?

Group discount available for 5 or more students from the same organization.
Contact Rafael Mazotine – – and ask for a code or invoice.

Career Investment!

The Professional Director Institute® is able to issue students a Tuition and Enrolment Certificate and Summary form for tax purposes.

Start your Financial Governance journey with the Basics in Financial Literacy Program, and, after gaining confidence in the basics, move forward to Financial Governance for Non-Financial Leaders Certificate ProgramLearn more.

Be ready to lead in the boardroom! 
Special offer: CAD$ 2,295.95 (for both programs)     



Cancellation Policy: The registration fee is non-refundable for cancellations made less than 30 days prior to the program’s first live session. In this case, you may either transfer your registration fee, once, to a similarly priced seminar future training course, or arrange for a substitute person to attend. Those who do not cancel and do not attend are responsible for the full registration fee. Governance Solutions reserves the right to cancel or reschedule and will give notice in advance.