Being able to understand the financial accounts of an organisation is an essential skill for board members. You don’t need to be a numbers expert or to be deeply familiar with accounting standards and terminology but you do need to have a basic understanding of key elements of a Balance Sheet and Profit & Loss / Income & Expenditure Statement, along with the confidence to ask questions on areas which are not clear or give you cause for concern.
This fast paced tour through key elements of the accounts has been specifically designed for Women on Boards and will be run by a PwC Director. It is targeted at current and aspiring board members who are not financially literate and who want to develop their ability to read and analyse financial statements. This will be a safe space to ask questions and fill your knowledge gaps and will provide guidance on the type of things to look out for as a director. It is particularly suited to those who do not have a financial background who are seeking a basic understanding of financial accounts.
Topics covered will include:
• Directors’ responsibilities with regard to financial accounts
• Contents of the Annual Report
• Balance Sheet, Profit & Loss, Cash Flow Statements
• Things to look out for when reviewing accounts
Katie is a Senior Manager in the Accounting & Consulting Services (ACS) team at PwC Edinburgh. As part of the ACS team, Katie provides IFRS and UK GAAP accounting advice to staff within the firm and to external clients. Katie has specialised in a number of areas including accounting for taxation, intangible assets and revenue recognition.
Prior to working in ACS, Katie began her accountancy career in PwC’s Assurance practice where she worked with both private and listed companies across a wide range of industries. Katie also acts as a treasurer in a voluntary capacity supporting the board of a local music charity in Edinburgh.
What previous attendees said:
“Very welcoming and digestible format- and much needed”
“The session hit the right note and doing as a webinar worked well”
“The session was great. The content was spot on and I learnt a lot.”
With thanks to PwC for partnering with us to deliver this event