Finance for Directors is a one-day course of Finance and Accounting basics which provides directors and senior executives the ability to quickly interpret and assess a company’s financial condition – a skill that helps drive board decisions.


Financial competence is vital to corporate success. As such, Philippine regulatory agencies (SEC, BSP, PSE, and DOF) have all required financial literacy for board directors of publicly-listed companies and financial institutions.


The Department of Finance in DOF 054-2015 states “Directors must be fit and proper for the position of a director of the covered entity, taking into account the following factors: integrity/probity, competence, relevant education/training (e.g. financial literacy), physical and mental fitness, diligence and knowledge/experience.”

COURSE FEE: PhP 13,600.00 inclusive of VAT and Nett of applicable withholding taxes


    Participants may qualify for a 5% Early Bird Payment discount

              -    Payment must have reached ICD on or before 16 August

    You qualify for a 5% discount if you are referred by a named ICD member

    Group of 3 or more qualifies for 5% discount if booked and paid together

Time: 9:00 AM - 5:00 PM

Venue: The Peninsula Manila, Makati City

You may deposit your course fee through a Bills Payment Facility to any Unionbank Branch of the Philippines.

Kindly see class sessions below:


3rd Quarter

4th Quarter



Thursday, August 30, 2018

Thursday, November 15, 2018


  • Directors, senior executives, and managers from private, public, and not-for-profit organizations who want to gain basic working knowledge on finance – to comply with the Fit and Proper rule of the Department of Finance for Insurance and Public companies issued in April 2015.



Upon completion of the program, participant will be able to:

    Appreciate the importance of knowing how to read and analyse financial statements

    Ensure that financial statements accurately reflect the organization’s financial position

    Appreciate the importance of maintaining the accuracy and integrity of an organization’s accounts

    Understand board’s role in financial stewardship & oversight, and internal control

    Appreciate board’s perspective within the accounting function

  • Module 1: FINANCE 101 - AM SESSION
    1. Introduction to Financial Statements for Directors
    2. Understanding Balance Sheet and Profit & Loss Statements
    3. Cashflow Analysis
    4. Financial Projections
    1. Board Role in Financial Stewardship & Oversight
    2. Board and Accounting Function Reporting
    3. Case Study – Financial Analysis
    4. Board Role in Internal Control
    5. Corporate Finance