Welcome to Governance 2A – Financial Oversight
How an organisation gets its money and allocates its resources will have an impact on nearly every decision made at the Board level. People with lived experience need to understand enough to contribute to these discussions to have maximum impact as well as to uphold their legal duties as a Board member.
Governance – financial obligations learning outcome: Participants will understand what the financial obligations are of Board members and will know what to look out for when reading financial reports.
Lessons in this module:
Click on the lessons below to work your way through each lesson in order
Setting a budget
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- The Board role in creating and approving a budget
- Things to consider when approving a budget
Monitoring the finances
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- What information you need to monitor the finances
- What to look for when looking at finance reports
Prevent insolvent trading
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- What is insolvent trading
- How do you prevent it
The LEDGE Pathway
‘Governance 2A | Financial oversight’ is the third of the four modules in the LEDGE Lived Experience Governance Stream. These modules build on each other and must be completed in order. The modules in the ‘Lived Experience Governance’ stream are for people who want to use lived experience to influence the values, policies and general direction of an organisation as a member of a Board. Once you complete all four modules in the governance stream, including the activities, email info@lelan.org.au with your username to receive the LEDGE Certificate of lived experience governance.
Please note: To enroll in this module you must have completed ‘Governance 1A – Board roles’, ‘Governance 1B– Legal duties’ and ‘Sharing stories safely’.
“Full of really practical information about how to understand financial reports. It gave me the confidence that I can manage myself in governance ”
Self paced learning module
Work your way through the content and interactive activities. Please note this training is not facilitated, but if you have any questions or want to provide feedback along the way please email info@lelan.org.au.
