Courses
  • Date(s)

  • Offered
    • In-Person
    • Online
    • On-Site

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Overview

This class has the board member consider common board room decisions and how these decisions impact the cooperative’s financial strength. In this online course, you will cover a year’s worth of key financial decisions and how they affect the cooperative’s equity position. Concepts will be reinforced through practical and strategic exercises designed to give attendees a theoretical understanding that he/she can apply to situations back at their own co-op.

Key Topics​

  • ​Explain the purpose and function of key financial statements (balance sheet, statement of cash flows, statement of operations).
  • Apply a process for determining a board’s philosophy regarding key financial metrics (TIER, Equity, MDSC).
  • Analyze the impact of boardroom decisions (plant growth, construction, etc.) and tradeoffs between key financial areas (e.g., rates, equity and capital credits).
  • Communicate clear guidance to the CEO regarding financial decisions.


CREDITS

NRECA – 1 credit

CEU – 0.6 credits

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Curriculum

Instructors

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Fees

$559 per participant

Competencies

CORE COMPETENCIES
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ROLE-SPECIFIC
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SUPERVISORY, MANAGEMENT AND LEADERSHIP
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