Introduction:

Financial governance encompasses the systems, processes, and principles that ensure the effective management of financial resources. It plays a crucial role in establishing transparency, accountability, and ethical behavior within organizations. This training program is designed to provide participants with a foundational understanding of financial governance principles, practices, and the importance of compliance in maintaining organizational integrity.

Program Objectives:

By the end of this training, participants will be able to:

Explore the key concepts and principles of financial governance.
Identify the roles and responsibilities of stakeholders in financial governance.
Recognize the importance of compliance and risk management in financial decision-making.
Effectively examine financial regulations, compliance requirements for organizations, and the consequences of non-compliance.
Develop a basic framework for implementing financial governance in their organizations.

Targeted Audience:

Entry-level finance professionals.
Business owners.
Non-profit organization staff.

Program Outlines:

Unit 1:

Introduction to Financial Governance:

Definition and Importance of Financial Governance.
Historical Context and Evolution of Financial Governance.
Key Principles of Financial Governance.
Stakeholders in Financial Governance.
Ethical Considerations in Financial Governance.

Unit 2:

Roles and Responsibilities in Financial Governance:

The Role of the Board of Directors.
Responsibilities of Financial Managers.
Internal and External Auditors.
Compliance Officers and Their Importance.
The Role of Shareholders and Stakeholders.

Unit 3:

Compliance and Regulatory Frameworks:

Overview of Financial Regulations and Standards.
Key Regulatory Bodies (SEC, IFRS).
Compliance Requirements for Organizations.
Consequences of Non-Compliance.

Unit 4:

Risk Management in Financial Governance:

Understanding Financial Risks.
Risk Assessment Processes.
Tools for Managing Financial Risks.
Integrating Risk Management into Financial Governance.

Unit 5:

Financial Reporting and Auditing:

Importance of Accurate Financial Reporting.
Overview of Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement).
The Role of Auditing in Financial Governance.
Internal vs. External Audits.

Foundations of Financial Governance and Compliance