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Brisbane Zone, Financial Literacy, Advanced - 20/08/18
ADVANCED LEVEL: Financial literacy is a key skill for all directors and committee members and is essential in fulfilling your legal and fiduciary duties and responsibilities to the club/s you govern. As a director you are responsible for reviewing, analysing and interpreting the management accounts presented at board meetings and making decisions as to how to improve the club's financial performance and position. You are also reponsible for signing off the year end financial statements of the club. Book in now to ensure you have the correct level of financial literacy required to hold your position. This is a complimentary workshop available to member clubs of Clubs Queensland only.
A commitment to attend fee of $200 per person will be charged and must be paid before the event.
This fee will be refunded within 14 days after the event if attended.
In the case of non attendance this fee is forfeited.
9:15am workshop commences
10:45am morning tea
3:15pm afternoon tea
MODULES COVERED IN THE ADVANCED LEVEL FINANCIAL LITERACY WORKSHOP:
the importance of financial literacy and the financial reporting responsibilities and obligations imposed on club directors by the law
an in-depth analysis of the three key financial statements, namely the balance sheet, income statement and statement of cash flows
participants will form into a group and simulate a newly formed board. Each group/board is presented with two case studies, being two real Queensland clubs, which contain the audited financial statements of both clubs
each case study requires each board to work together to discuss, analyse, interpret and draw conclusions about each club's financial performance, financial position and cash flows, whilst at the same time identifying each club's financial strengths and weaknesses as well as developing strategies that might address those financial concerns
unlike the other two courses, the advanced course requires each board to develop questions that they would ask of the CFO in relation to the figures and what additional supporting financial documents would they request. This is a deliberate attempt to simulate that club directors are not only required to analyse financial documents presented to them in board meetings, but to also engage with the CFO asking questions and seeking additional information.
the day concludes with the importance of financial ratios as a means of highlighting important trends and concerns of the financial performance of the entity as well as showing participants on how a financial dashboard can be developed to highlight (in a pictorial representation via bar graphs and pie charts) trends and key areas of concern that may require further discussion and investigation.
Participants are strongly encouraged to bring their own club's most recent set of audited financial statements and apply the abovementioned step-by-step methodology to analyse and draw conclusions as to the financial performance and financial position of their own club.
After graduating from his undergraduate degree, Stephen worked for several years as a senior accountant and management consultant with Touche Ross & Co and KPMG in Brisbane within their management, consultancy and international business services divisions. He is currently employed as a full-time lecturer in the School of Accountancy at QUT teaching a range of undergraduate and postgraduate financial accounting and law subjects. Stephen has also been heavily involved in the establishment of the new Accountancy Capstone unit and is a regular presenter for both the Institute of Chartered Accountants and referred journal articles. He has provided consultancy services to several Queensland Government Departments, chartered accountancy firms and listed Australian companies on a range of taxation and IFRS issues. He also presents the Financial Literacy Component for directors courses at the Australian Institute of Company Directors.
20/08/2018 - 20/08/2018
55 Holland St
Clubs Queensland Offices, Australia
For bookings and payments logon using your Clubs Queensland user name and password.
New users can find more information about our online bookings and payments on our
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