Financial Literacy Workshop - Brisbane 11/3/22

Financial Literacy Workshop - Brisbane 11/3/22
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. Club Directors 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. They are also responsible for signing off the year end financial statements of the club.


Bookings for this event have now closed. Please email [email protected] to register your interest.

Modules covered in the beginners level Financial Literacy Workshop:
  • the importance of financial literacy and the financial reporting responsibilities and obligations imposed on club directors by the law
  • the financial reporting and audit obligations of the two most common legal structures of NFPs, namely:  public companies limited by guarantee and incorporated associations
  • the components of an annual report and the significance of the directors’ declaration
  • the purpose of an external audit and the types of audit opinions
  • an overview of the three key financial statements, namely the balance sheet, income statement and statement of cash flows
  • using a real Qld club, 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
  • the course explains a range of key accounting concepts, such as accrual accounting, going concern, working capital, depreciation and amortization
  • key financial ratios used to analyse the club’s performance are also covered, including a range of liquidity, operating, financing and profitability ratios
  •  the issue of insolvency is briefly considered, including the most common financial warning signs that an entity may be on the very of insolvency
Note:  
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. 

Facilitator: Stephen Marsden
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.

When: Friday, 11 March 2022
Time: 9.30am
Where: Wynnum Manly Leagues Club
Cost: $300

Available to member clubs only.

COVID-19:
To ensure that CQ’s events are the safest they can be for you and others, you must not attend an in-person event if you: 
  • have been diagnosed with COVID-19 in the previous 7 days; 
  • been in close contact with an active COVID-19 case in the previous 7 days; 
  • been to a major outbreak venue or super-spreader event reported in Queensland; or 
  • had a fever, cough, sore throat, headache, distorted sense of taste, shortness of breath, chills, vomiting or any cold/flu like symptoms in the last 72 hours. 
Order Confirmation:
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Clubs Queensland booking information:
Bookings are essential for all events to avoid disappointment. All booking must be paid in full prior to the event.

Registration Cancellation Policy Events and Training: 
You must inform the Clubs Queensland in writing if you wish to cancel part or full registration at least seven (7) full working days prior to the Event/Training Course date to receive a full refund.  Refunds will not be given if you cancel your registration within seven (7) full working days of the commencement of the Event/Training Course.

When
3/11/2022
Where
92 Wondall Road Manly West Wynnum Manly Leagues Club
Online registration not available.

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