Finance for Board Members

Leadership

Date	18/06/2010 - 10:00 to 17:00
Trainers
Members Price	£100.00+VAT
Non Members Price	£160.00+VAT
Location	ITC Training Room
Click here to download a Booking Form
Course Outcome: By the end of the course, participants will be able to understand: - Why a Business Plan is important, and why it must have proper financial planning included - How a budget relates to the Business Plan, and how progress against the budget is reflected in the management accounts - What a sensitivity analysis involves, and who should participate in looking at it - How to plan for the seasonal peaks and troughs in cash flow - What the financial accounts involve, and why balance sheets really matter - Who should take ownership of the numbers, and how should they work with everyone else - How to look at management accounts, and what you should be able to get out of them.
Target Audience: This half day seminar is intended to benefit anyone who is on, or in the process of joining, the Board of an arts organisation. It is especially for those not financially qualified themselves.
Approach: The course offers a demystifying explanation of the basic elements of finance as they affect typical arts organisations, and includes a mini-masterclass on looking at individual real life examples of management accounts to give participants confidence that there is no mystique in handling numbers.