This stimulating and challenging programme is designed to emphasise the need – no, duty – of every director to understand financial statements and practices to be able to communicate with their CFO, the finance team and auditors. And, when necessary, with their banks, strategic business partners and stakeholders.
Businesses thrive on sales, controlled costs, cash flowing, calculated investment and activity – making assets work. Financial statements track what the business is achieving – or not. You need to know what the numbers are telling you.
This session gives a Board the opportunity collectively to join up the dots, to question the way in which they use the financial statements and to review how they each contribute as individual directors in the best way to achieve sustainable results. It is an opportunity, in particular, to enhance understanding of how the finance team should help drive the business, not simply ‘keep score’.
For a no-obligation discussion about running this programme for your organisation on an in-house basis, just give us a call on 01582 463465.