At this intermediate financial literacy course participants will learn:
- 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;
- using a listed public company, participants will be guided through a simple step-by-step methodology on how to read, analyse and interpret the three key financial statements and draw conclusions;
- working in groups, participants will apply this step-by-step methodology to a real Queensland Club and draw conclusions about the club's financial performance, financial position and cash flows.
- at the same time, this analysis will ask participants to draw conclusions as to the club's financial strengths and weaknesses;
- the course explains a range of key accounting concepts, such as accrual accounting, going concern, working capital, EBIT, EBITDA, depreciation and amortisation;
- 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; and
- participants will learn how to use financial ratios to analyse the performance of a listed public company and then apply these principles to analysing the financial performance of a real Queensland club.
Participants are strongly encouraged to bring their own club's most recent set of audited financial statements and apply the above mentioned step-by-step methodology to analyse and draw conclusions as to the financial performance and financial position of their own club.
Who should attend? Directors and committee members, managers, CFOs and accountants.
Facilitator: Stephen Marsden
After graduating from his undergraduate degree, Stephen Marsden worked for several years as a senior accountant and management consultant with Touche Ross & Co and KPMG in Brisbane within their management and 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 CPA Australia in their professional modules and the author of several accounting books and refereed 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.
BOOK IN NOW to ensure you have the correct level of financial literacy for your position!
When: Wednesday, 26 February 2020
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