Learning Series: Finance for Directors

December 16 and 17, 2019

18 director generals, board directors, senior executives and Corporate Governance practitioners from 10 companies and government agencies attended MIoD’s 2-day Finance for Directors Program on 16th – 17th December 2019.

Day 1 started with an overview of relationship between corporate governance, directors and financial knowledge and the various responsibilities of management, directors, auditors and stakeholders including a review of financial statements, their component parts, and development of ways to analyze business/financial information and use ratios including group presentation and role play exercise. 

Day 2 started with understanding diverse sources of company finance and their advantages and disadvantages and the nature and purpose of financial information for internal purposes. The session reviewed the fundamentals of accounting and audit frameworks and standards, statutory financial reports, and other external reporting obligations, nature and purpose of external financial information, fundamentals of accounting, accounting standards and how information flows through a company. The session continued with case study of Myanmar and International companies annual reports. The sessions ended with Questions and Answers.

An expert team from MIoD, World Bank Group, AYA Financial Group (AFG) and ACCA delivered the workshop with expert facilitators.