financial literacy masterclass series

14th September - 14th October 2021

Financial Literacy Masterclass Series

TheBoardroom Africa’s masterclass series are mini certificate courses delivered live, via video instruction, by global experts in their fields. The courses are held over a series of weeks and involve live instruction, interactive assignments, and group break-out sessions. These in depth offerings are tailored towards refining skills in many key areas from negotiation, to finance, and more.

TheBoardroom Africa Masterclass • 02

Masterclass Series with TheBoardroom Africa

Financial Literacy SeriesThis is a series of 3 sessions aimed at directors who do not have a financial background. The sessions are intended to provide an introduction to core financial topics that should provide the foundation for all directors to fulfil their duties and make better informed strategic decisions to enable sustainable and resilient businesses.

The sessions would each be 3 hours long.


Core Financial Skills


SESSION 1 Financial intelligenceAll directors need to understand the financial implications of board decisions as boards have a legal collective responsibility for those decisions. This session introduces core principles and explains financial terminology in order for the participants to gain confidence in their financial literacy.

Take-home Assignment: Case study for completion, which applies concepts learnt in the session.

SESSION 2 Key elements of financial resilienceFollowing on from the core financial literacy skills, this session’s aim is to enable participants to: understand the key elements of financial resilience, engage actively in board discussions, and question strategic decisions. Topics that will be covered include: Free Cash Flow, Key Drivers of Value in the Business, and Understanding and Managing Risk.

Take-home Assignment: Case study with relevant questions to reinforce principles and prepare for Session 3.

SESSION 3Planning for the future – the role of budgeting and cashflow forecasting in strategic planning • What are the elements of good budgeting processes? • The importance of the link to strategy and effectively choosing relevant KPIs to monitor progress. • The appreciation of any strategy’s inherent risks and uncertainty gives an understanding of when

action needs to be taken.

Course Outline


Session Course Date Time Duration

01 Financial intelligence 14thSeptember, 2021

3 hours

02 Key Elements of Financial Resilience

29th September,2021

3 hours

03 Planning for the future – the role of budgeting and cash flow forecasting in strategic planning

14thOctober, 2021

12pm- 3pm GMT 3 hours

12pm-3pm GMT

12pm-3pm GMT

Suggested Course Outline


Session 1: Financial intelligence – what you need to know:

UNDERSTANDING THE BASICS:

REVIEW OF FINANCIAL STATEMENTS

THE COMPONENTS OF A BALANCE SHEET

THE COMPONENTS OF A PROFIT AND LOSS ACCOUNT

CASH FLOW STATEMENTS

Why do all directors need an understanding of finance

• Profit and loss account, balance sheet, cash flow

• Assets and liabilities • Income and expenses • How to read cash flow statements

• How they are produced, why are they needed and how they interrelate, who are they really for

• Working capital cycle • Why profit does not equal cash

• Sources of capital and funding

• What is EBIT and EBITDA

• What does this tell you about a company

• What does this tell you about a company

CASE STUDY:Between session 1 & 2 there will be a case study to complete which will reinforce the key principles learnt in session 1. This will be discussed at the beginning of Session 2.


Following on from the core financial literacy skills, this session aims to enable participants to understand the key elements of financial resilience, engage actively in board discussions and question strategic decisions. Topics that will be covered include: Free Cash Flow, Key Drivers of Value in the Business, and Understanding and Managing Risk.

Session 2: Key Elements of Financial Resilience

FREE CASH FLOW: KEY DRIVERS OF VALUE:

RISK:

• Why is it at the heart of financial resilience

• How do we effectively identify these

• Understanding, Measuring and Managing Risk

• Why this is essential for all directors to have an understanding of:

- How is it calculated- What does it tell you about the business- How is it used in strategic decision making

• How do they enable financial and operational resilience

• Models for risk management

• Risk appetite• Do your strategic

decisions protect key value drivers and assets for a long term sustainable business model


Session 3: Planning for the future

PLANNING FOR THE FUTURE – THE ROLE OF BUDGETING AND CASHFLOW FORECASTING IN STRATEGIC PLANNING

SUSTAINABILITY

• What are the elements of good budgeting and forecasting processes

How does the company ensure that the business is sustainable in the medium and longer-term • How is it nurturing and utilising its key value drivers and

assets • How can the business adapt its business model and

strategy in the face of changing economic environments in the short to medium term

• How do we support employees and identify potential talent

• What does the business do to support customers and protect the supply chain

• Stress testing revenue and costs assumptions for short and medium term

- Reflect a changing environment- How robust are the forward looking assumptions for decision making- Capital maintenance

• The role of the purpose statement at the heart of budgeting and forecasting- How does the purpose statement link to business model, strategy and KPIs

• How do we measure and monitor implementation and achievement of strategy- What is the link between strategic goals and KPIs - How do we monitor that we are achieving our strategic goals

• Are we measuring the key outcomes and how quickly do we know if we need to make decisions

• The appreciation of the inherent risks and uncertainty of any strategy gives an understanding of when action needs to be taken.

About The Course LeaderBusiness experience

Deborah is Programme Lead for the Institute of Directors (IOD), Finance for Non Finance Directors and also a course leader for the IOD flagship governance course, Role of the Director and Board. Alongside her role for the IOD, Deborah continues to be both a Company Director and a Trustee and also advises start up and early stage businesses. Her current roles include serving on an Advisory Board for a global risk and compliance organisation and charity trustee. Deborah is also a professional development partner for the Investor Relations (IR) Society where she is involved in syllabus development, content development and course tutoring for the professional qualification in IR.

Deborah’s broad career started with qualifying as a Chartered Accountant with a big 4 accountancy firm in London, working in corporate finance gaining wide ranging experience in a variety of corporates and financial institutions. The next stage in Deborah’s career was to gain experience as a company director, having set up and run several businesses and acted in a number of advisory roles.

Professional credentials and training experience

Deborah is widely credited with the ability to translate and communicate complex technical subjects and information simply and clearly with the emphasis on practical application – why do you need to understand this, and how will you apply it in your role? As Programme Lead for Finance for Non-Finance Directors, Deborah is responsible for syllabus reviews and writing the course handbook. The handbook has been praised for its clear, comprehensible communication of financial knowledge and its focus on financial literacy and application of finance for directors, enabling them to understand financial implications, contribute more effectively in decision making, take a long term sustainable view for their businesses and to fulfil their legal duties as directors. Deborah has always valued the opportunity to mentor and develop aspiring young directors as well as equipping more experienced company directors with essential financial literacy and communication skills.

Deborah specialises in finance, governance and investor relations training for all levels of financial background, from beginners to advanced, and to audiences ranging from SMEs to FTSE 100 board level. Deborah’s training experience over many years encompasses a diverse range of organisations including corporate clients, financial institutions as well as public sector bodies and charities, both in the UK and internationally. Examples include the Bank of England, Linkedin, Microgen, Morgan Stanley, IBM, a number of Stock Exchanges and Westminster Council.


Deborah Morton-Dare

IoD course leader

Who Should Attend?The objective is to achieve the desired level of financial literacy and provide the financial skills needed by everyone in management in a clear, and easily comprehensible format.

1 2 3 4


Senior Management

Leaders with P&L

responsibility

Leaders with operational

responsibility

Anyone interested in upscaling their financial literacy

Your Investment

$500 $425


TBR Africa Members Annual Premium Members

Contact us at:[email protected]

w w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o mw w w . t h e b o a r d r o o m a f r i c a . c o m

financial literacy masterclass series

Documents