Built to last
Financial resilience, with case studies.
- Level
- Bitesize
- Learning time
- 1 hour 30 minutes
- Where
- Finance for Non Finance Professionals
- Price
- £39
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion
Overview and Outcomes.
Overview
This module explores how boards keep their organisation financially sound over time. It covers medium-term financial plans, sensitivity analysis and scenario planning, reserves matched to risk, section 114 of the Local Government Finance Act 1988, contingent liabilities and going concern. Drawing on Birmingham City Council's equal pay case, Northamptonshire, the University of Dundee and CIPFA's Financial Management Code and Resilience Index, it shows how resilience is built. This capstone applies the whole topic to three cases from the public record: Croydon Council and Brick by Brick, Nottingham City Council and Robin Hood Energy, and the Co-operative Bank with Sir Christopher Kelly's review. Reading each through financial and governance lenses, it shows how failure arrives unasked about, and draws out six habits of financially confident boards, from following the cash to matching skills to risk.
What you'll develop
In this Bitesize, you will develop the ability to:
- Outline the stages of a medium-term financial plan, and test how realistically it closes the gap over three to five years.
- Distinguish sensitivity analysis from scenario planning, and explain how a board makes a bad-case scenario safe to present.
- Assess your organisation's reserves, contingent liabilities and going concern position, and recognise the warning signs that precede a crisis.
- Apply the topic's financial and governance lenses, such as cash, asset value, borrowing, full cost and resilience, to a real case, and identify the warning signs that were visible.
- Compare the Croydon, Nottingham and Co-operative Bank cases, and explain the shared pattern of purpose, capability and challenge.
The Modules.
1 hour 30 minutes of learning.
- 16Financial Sustainability and ResilienceThis module explores how boards keep their organisation financially sound over time. It covers medium-term financial plans, sensitivity analysis and scenario planning, reserves matched to risk, section 114 of the Local Government Finance Act 1988, contingent liabilities and going concern. Drawing on Birmingham City Council's equal pay case, Northamptonshire, the University of Dundee and CIPFA's Financial Management Code and Resilience Index, it shows how resilience is built.39 min
- 17Applied Case Studies: CapstoneThis capstone applies the whole topic to three cases from the public record: Croydon Council and Brick by Brick, Nottingham City Council and Robin Hood Energy, and the Co-operative Bank with Sir Christopher Kelly's review. Reading each through financial and governance lenses, it shows how failure arrives unasked about, and draws out six habits of financially confident boards, from following the cash to matching skills to risk.43 min
Keep going.
Part of the Finance for Non Finance Professionals topic, also sold whole as Follow the money.
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 30 minutes, £39
- Next stepFocus, Budgets, borrowing and resilience, 4 hours, £69. Already own the Bitesize? You pay £30.
- Explore, Managing the money, 5 hours 30 minutes, £129. Already own the Bitesize? You pay £90.
- The whole topicImmerse, Follow the money, 11 hours, £249. Already own the Bitesize? You pay £210.
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Prices per person. Read the full terms
Also part of: Leading the whole, Governing the money, The view from the top
Other Bitesize in the Finance for Non Finance Professionals topic
- Did we live within our means?The language of finance and the income statement2 hours£39
- Reserves and cashThe balance sheet, reserves and cash flow1 hour 15 minutes£39
- Reading between the linesReading accounts and spotting warning signs1 hour 15 minutes£39
- When the numbers misleadCreative accounting and external audit1 hour 15 minutes£39
- What things really costCost behaviour, overheads and activity-based costing1 hour 15 minutes£39
- Value for money, budgets that workInvestment appraisal and budgeting approaches1 hour 15 minutes£39
