As a Director you need to be aware of your obligations and responsibilities in regard to financial management. This chapter provides you with a practical approach to understanding financial reports and questions that should be asked in accordance with your fiduciary duty. Financial assessment and management involves Directors understanding and working with financial data to assist the operations of their organisation. The information in this chapter is based on the steps outlined in the Australian Accounting Standards.
Resources and Policy Checklists are included at the end of this chapter. They can be copied and worked through by your entire Board on an annual basis, or as required.
You can access the chapter here.