Financial Policies That Board Directors Should Know

This course provides more detail about the type of financial policies that are needed by an organization.
4.54 (13 reviews)
Udemy
platform
English
language
Management
category
Financial Policies That Board Directors Should Know
66
students
1 hour
content
Sep 2020
last update
$19.99
regular price

Why take this course?

🧾 Financial Policies That Board Directors Should Know 🚀

Course Overview: As a board director, it's imperative to understand the financial policies that are critical for safeguarding your organization's assets and ensuring its financial health. This comprehensive course dives into the specifics of financial policies that every board director should be familiar with. It's designed to equip you with the knowledge needed to oversee financial management effectively, stay compliant, and avoid potential pitfalls.

Why Take This Course? 🤔

  • Enhance Financial Acumen: Gain a deeper understanding of financial statements, which are the lifelines of any organization's fiscal health.
  • Master Bank Controls: Discover the essential elements of managing bank accounts and controlling cash flows to maintain financial stability.
  • Asset Management Mastery: Learn how to effectively manage and safeguard your company's assets for optimal performance and value.
  • Understand Internal Controls: Recognize the various types of internal controls that are crucial for protecting your organization from financial missteps and fraud.

Course Objectives 🎯

  • Explore Financial Statements: Learn how to read and interpret financial statements, including balance sheets, income statements, and cash flow statements.
  • Discover Bank Controls: Understand the importance of segregation of duties, authorization requirements, and reconciliation processes.
  • Explore Asset Management: Uncover strategies for managing physical assets and intangibles, ensuring they are used effectively to contribute to organizational goals.
  • Recognize Different Types of Internal Controls: Identify the various forms of internal controls that help in monitoring and controlling financial transactions within an organization.

Course Outline 📚

  1. Governance Objectives
    • Introduction to Financial Management for Board Directors
      • Understanding the role of a board director in financial governance.
    • Internal Control in General
      • Overview of internal controls and their importance in financial policy.
    • Bank Accounts
      • Best practices for managing bank accounts and associated risks.
    • Credit Criteria
      • Establishing and monitoring credit policies to manage liquidity effectively.
    • Capital Asset Approvals
      • Procedures for authorizing capital asset purchases and disposals.
    • Financial Reporting and Budgeting
      • Ensuring accurate financial reporting and budget adherence.
    • Safeguarding Assets
      • Implementing controls to protect the organization's physical and intangible assets.

By the end of this course, board directors will have a solid understanding of the key financial policies that are essential for their role in governance. Whether you're new to the boardroom or looking to refresh your knowledge, this course will provide you with the tools and insights needed to make informed decisions and contribute to the financial integrity of the organization.

📆 Enroll Now to take the first step towards becoming a finance-savvy board director. Let's navigate the complexities of financial policies together and ensure your organization thrives under sound financial stewardship.

Course Gallery

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1431352
udemy ID
13/11/2017
course created date
18/12/2020
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