To Access This Course:
What do Board Members need to understand about financial statements and budgets to be able to perform their duties? Certainly such things as:
- Recognizing what each of the three financial statements is trying to tell the reader.
- Understanding how to review an operating budget.
- Identifying the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.
- Exploring the types of internal controls that can be used to safeguard assets.
- Ten steps that can be used to review a set of financial statements
This course provides – in an easy to understand manner – the basic knowledge to make a director comfortable at the boardroom table when the financial statements and budgets are handed out.
Learning Objectives
- Recognize what each of the three financial statements is trying to tell the reader.
- Discover how to review an operating budget.
- Identify the differences between when we record an expenditure as an asset on the balance sheet or an expense on the income statement.
- Explore the types of internal control that can be used to safeguard assets.
- Discover the ten steps that can be used to review a set of financial statements.
Last updated/reviewed: June 15, 2018
2 Reviews (13 ratings)Reviews
Jeri Schodorf
(Director at Personal)
Excellent overview with practical information. Debi is extremely knowledgeable about the topics and the format was easy to follow and very helpful.
Kevin Murray
(Manager of Finance at NYSTRS)
This is a good entry level overview of financial statements.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .