Board members of BOTH for-profit and not-for-profit organizations must have the keen ability to read and understand financial statements and the associated notes, as well as ask relevant questions that will probe management’s decisions and estimates. This one-of-a-kind course is designed to help directors become more comfortable with financial discussions around the board table by introducing them to the basics of financial literacy: what every director must know.
Financial statements, and the “accounting” to create them, are the scorecards of any business. Therefore, correctly understanding financial information will help you, as a board member, to measure performance, plan future action, and make better business decisions. Every board member is expected to be financially literate in the language and structure of their organization’s financial statements.