My Cart

$ 0.00
Proceed To Checkout

Financial Governance for Non-Financial Leaders Certificate Program (Upcoming Live Program)

Date: November 2nd to December 7th (6-week course)
Location
: Online
Time: 1:00pm - 2:30pm (ET), every Wednesday

Early-Bird Price ends on October 27th
Full price: CAD$ 1,295

 

Financial Governance for Non-Financial Leaders was designed to explain essential financial concepts to leaders and executives, from all organizations and sectors, who don’t have an accounting or finance background (non-accountants!)

Over 6 weekly live (online) sessions we will guide you through the maze of financial accounting; navigating its principles and using case studies of well-known companies’ financial reports, such as WE Charity and Lehman Brothers. Where did they go wrong?  Where were their red flags?  What can we learn – and therefore hopefully avoid their pain?

Financial governance is about risk and materiality

This course will help you discern what is material from what isn’t, and connect understanding strategic business risks to examining financial reports. 
How can we be more confident in the financial integrity and health of the organization? Practice with others, using financial reports from companies that have been in the headlines.

Learn how to:

  • Make the right questions during your board meetings
  • Read and understand (interpretate) financial reports
  • Understand strategic business risks by examining financial reports
  • Differentiate between what is material and what is not
  • Identify red flags


You don’t need to have finance background or be an
accounting 
to understand financial reports!
Watch this video!

 

Schedule:

November 2nd: WE Charity – Affiliates & Related Parties
Financial transactions among affiliates and related parties can quickly make financial reports confusing and difficult to use.
Learn how to identify risks in financial transactions between affiliates and related parties.

November 9th: Laurentian University – Insolvency Causes & Effects
Insolvency quickly leads to major consequences, including huge cuts to stave off catastrophic closure.
Learn how to recognize early red flags that signal insolvency risk.

November 16th: WorldCom – When Assets Pump, Expenses Will Fall
Various drivers conspire to incent year-end adjustments to allocate funds to assets instead of expenses, leading to totally unrealistic profit and capital levels.
Learn how to identify material management estimates that can overstate assets and understate expenses (overstating reported profits).

November 23rd: Lehman Brothers – When a High Leverage Balance Sheet Meets Mark-to-Market Accounting
Mark-to-market accounting forces you to book losses even before you sell assets, and if you’re highly levered, it could be “lights out”.
Learn about the importance of capital and liquidity cushions to absorb unexpected losses, like from volatile markets.

November 30th: Air Canada – Let the Bad Times Roll!
Surviving emergency calls for ruthless treatment of every line item you can influence.
Learn how companies have to take dramatic steps to survive an emergency, and its accounting effects.

December 7th: Wirecard – Just Another Fraud (yawn)
From Enron to WorldCom and around the world since, accounting frauds are, unfortunately, the number one cause of corporate scandals in the headlines.
Learn how to detect – and mitigate the risks of – accounting fraud.

 

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 at level 3 and beyond.

 

Not sure about your Financial Literacy level? Take the Assessment below and find out!

Loading...

 

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$ 1,395 (for both programs)     
 

 

 

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!

 

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.