Learning Series: Finance for Directors Program 2nd Batch

May 28, 2022 - May 29, 2022

The Batch 2 Finance for Directors Program restarted on 28th May 2022 as two days in-person program at the Novotel Yangon Max. The Chair of the MIoD’s Learning Committee, kicked off an Opening Remarks. The Program delivered the relationship between corporate governance, directors and finance knowledge and the responsibilities of management, directors, auditors and stakeholders followed by the in-depth focus on the Financial Governance. Later it conducted the Basics of Interpreting Financial Statements by reviewing their component parts and developing ways in analysing business/financial information followed by Accounting Fraud and Internal Control which is an increasingly important part of board’s function.

Day 2 of the 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 continued 29𝘵𝘩 𝘔𝘢𝘺 2022 with the 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝗶𝗳𝗲 𝗖𝘆𝗰𝗹𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 where attendees learnt the Diverse sources of funding, Debt options and issues, Equity options and issues, other alternatives together with Nature and purpose of financial information.

The session is then followed by the 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗼𝗳 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 where it reviewed Board and Audit Committee role in financial reporting, Competence of the finance team, Overseeing the integrity of financial statements and other key information, Common weaknesses in the financial reporting process, Oversight of the external auditor, Audit quality, Audit scope and approach, Auditor independence and qualifications and Engagement with the external auditor.

The attendees later worked together in 𝙂𝙧𝙤𝙪𝙥𝙨 on the case study of overviewing the Myanmar and International companies annual reports. The 𝗖𝗘𝗢 𝗼𝗳 𝗠𝗜𝗼𝗗 gave the closing remarks with the knowledge sharing topic on 𝑆𝑢𝑠𝑡𝑎𝑖𝑛𝑎𝑏𝑖𝑙𝑖𝑡𝑦: 𝑊ℎ𝑎𝑡 𝐵𝑜𝑎𝑟𝑑𝑠 𝑆ℎ𝑜𝑢𝑙𝑑 𝐾𝑛𝑜𝑤 𝑎𝑛𝑑 𝐷𝑜.

A huge thank you to all our incredible trainers, and our attentive audience. Congratulations to all directors who have completed the Finance for Directors Program.

If you are interested in attending future MIoD’s training programs, visit http://localhost/website/miod/event-learning-series/learning-serie/.

Or contact the Myanmar Institute of Directors (MIoD) at info@myanmariod.com and +95 9 400 151 412 or +95 9 400 151 419.