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  • Date(s)

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

​​​​This course is also available online​. ​​​​

Overview

This course is designed to help directors assess their cooperative's financial position via financial statements used in financial reporting and planning, as well as key ratios developed from these financial statements. Participants will also recognize how board decisions impact their co-op's financial position.​

​KEY TOPICS

  • Identifying the key financial decisions boards make.
  • Recognizing the uniqueness of the cooperative business model and a typical cooperative's financial attributes.
  • Recognizing three financial documents and related key financial ratios.
  • Explaining how board decisions impact the financial position and financial statements.
  • Understanding the difference between reporting a cooperative's financial results and understanding a cooperative's financial position.
  • Describing the audit function.​


WHERE TO TAKE THIS COURSE

NRECA offers the opportunity to take this course several times each year at the following events:

NOTE: Please check each event's schedule to see what courses are being offered.


ON-SITE TRAINING

Additionally, these courses can be delivered on-site at your co-op, statewide or G&T. Learn more about our on-site training opportunities.


CREDITS

NRECA – 1 credit
CEU – 0.6 credits

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Competencies

CORE COMPETENCIES
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ROLE-SPECIFIC
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SUPERVISORY, MANAGEMENT AND LEADERSHIP
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