In an era of increased scrutiny and complex financial landscapes, the ability of a board to provide effective fiscal oversight is more critical than ever. This training course is meticulously designed to equip board members and senior executives with the strategic mindset and practical tools to move beyond a passive review of financial reports. We will delve into how to actively participate in the budgeting process, challenge assumptions, and hold management accountable for financial performance. This program is an essential resource for leaders committed to strengthening their organization's financial governance and ensuring long-term sustainability.

This intensive five-day program provides a deep dive into the operational and strategic aspects of corporate finance from the perspective of the board. Participants will learn how to analyze financial health, identify key performance indicators, and interpret financial forecasts to make informed decisions. Through a combination of interactive case studies, expert-led discussions, and practical exercises, attendees will develop the confidence and expertise to fulfill their fiduciary duties with authority and purpose. By the end of this course, you will be equipped to act as a more effective strategic partner, building a dynamic organization that can outmaneuver the competition and shape its own destiny.

Duration: 5 days

Target Audience:

• Members of the board of directors
• CEOs and executive directors
• Chief Financial Officers (CFOs)
• Senior vice presidents and general managers
• Audit committee members
• High-potential future leaders
• Corporate secretaries and governance professionals
• Entrepreneurs and business owners
• Strategic planners and policy advisors
• Management consultants

Objectives:

• Grasp the core principles of strategic budgeting and financial oversight
• Formulate a framework for interpreting financial statements and performance
• Analyze and interpret a company's financial health and risk profile
• Develop a strategy for making sound capital allocation and investment decisions
• Apply key financial metrics and ratios to assess organizational performance
• Assess and mitigate the financial risks associated with business decisions
• Interpret key performance indicators to measure organizational success
• Apply lessons from global case studies to inform strategic decisions
• Build a personal action plan for enhancing your financial leadership skills

Course Modules:

Module 1: Foundations of Financial Governance

• The distinction between finance and accounting
• The role of a leader in setting the financial vision
• The importance of a clear and compelling financial roadmap
• Understanding the key components of a business model
• The impact of a well-defined financial strategy on performance

Module 2: Decoding Financial Statements for Boards

• The methodology of a comprehensive financial statement analysis
• Identifying the key drivers and barriers to financial performance
• The importance of a data-driven mindset
• Understanding the role of a leader in modeling cultural values
• The challenges of challenging existing assumptions

Module 3: Strategic Budgeting and Forecasting

• The principles of budgeting and forecasting
• The role of a leader in building and empowering these teams
• The importance of a test-and-learn approach
• The art of delegation and autonomy
• Managing a diverse and multi-disciplinary team

Module 4: Capital Allocation and Investment Strategy

• The principles of capital budgeting
• The role of a leader in designing agile and flexible processes
• The importance of a clear and consistent communication style
• The challenges of bureaucratic roadblocks
• The strategic use of cross-functional teams

Module 5: Performance Measurement and Value Creation

• The impact of organizational structure on innovation
• The role of a leader in designing agile and flexible processes
• The importance of a clear and consistent communication style
• The challenges of bureaucratic roadblocks
• The strategic use of cross-functional teams

Module 6: Leading Strategic Investments

• The psychology of change and resistance
• Developing a structured change management plan
• Communicating effectively during times of transition
• Managing a team through uncertainty and disruption
• The role of a leader in sustaining momentum

Module 7: Risk Management and Financial Oversight

• The principles of measuring innovation success
• Using key performance indicators (KPIs) to track progress
• The role of a dashboard for innovation oversight
• The importance of a reward and recognition system
• The link between cultural values and compensation

Module 8: Case Studies in Financial Decision-Making

• Analyzing a company that successfully transformed its culture
• Examining a company that failed to create an innovative culture
• The role of a leader in a technology disruption
• The impact of a new culture on a company's valuation
• A deep dive into a real-world case study

Module 9: The Leader's Role as a Financial Strategist

• The importance of a leader as a strategic visionary
• The role of a leader in communicating and inspiring
• The need for continuous learning and adaptation
• Building a strong innovation team
• A strategic roadmap for your leadership journey

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.