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Course Overview

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Developed in partnership with Club Governance, this 201 Advanced Financial Governance module is engineered for directors of high-turnover licensed venues where financial oversight carries significant personal and corporate risk. This module dives into the sophisticated financial stewardship required to manage complex liquor and gaming revenue streams while maintaining strict solvency standards.

You will master the art of interpreting complex financial reports and industry-specific KPIs, ensuring the board can identify red flags before they become liabilities. The module places a heavy emphasis on your non-negotiable legal duty to prevent insolvent trading and the rigorous oversight needed to protect the club’s commercial assets. Finally, you will learn to implement robust financial controls and audit trails that satisfy the heavy scrutiny of state regulators and Commonwealth agencies.
Governance is most effective when you understand how all the pieces fit together.
By completing the full 201 series, you will gain a thorough overview of your duties as a board member on various complex issued facing licensed clubs and hospitality venues.
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Training Outcome
Certificate of Completion
Course Duration
30 minutes
Course Delivery
100% Online, self-paced
Assessments
Interactive Quizzes
Valid In
All states
Same-Day Certificates
Statements of attainments can be issued on the same day as course completion. See the T&Cs below for more information.

Certificates

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You will receive a certificate of completion on the same day as when you submit your assessments if the below conditions are met:
  • All assessments submitted before 4 pm AEST
  • You earn 100% on your assessments (delivered throughout video as pop up quizzes)
While we aim to send all certificates and Statement of Attainments on the same day, occasionally, there can be delays of up to 2 days, especially around public holidays. Please contact our support team via live chat or at 0738788977.

Key Learning Outcomes 

Key topics covered in this module include:

This section details the critical legal obligation for every director to ensure the club can pay its debts as and when they fall due. You will explore the personal liabilities and severe penalties that apply if a board allows a licensed venue to continue trading while insolvent.

You will learn to analyse the specific financial complexities of high-turnover hospitality streams, including gaming machine and beverage margins. This area provides the skills to interpret industry-specific KPIs that allow the board to monitor the commercial health of the club’s primary income sources.

This focus area outlines the implementation of rigorous financial "checks and balances" required to prevent fraud and financial mismanagement in cash-heavy environments. We cover the board’s role in overseeing both internal and external audits to ensure reporting satisfies the transparency requirements of state regulators.

Beyond the monthly profit and loss statement, this section covers long-term financial planning for major capital expenditures and facility upgrades. You will learn how to review current operational costs with the strategic reserve-building necessary to protect the club’s property and licences for future generations.
To extend your learning, each module includes a curated, downloadable resource sheet featuring essential links and tools—we’ve done the heavy lifting, so you have the industry’s best guidance right at your fingertips!

Trusted by over 250,000 Australian Hospitality Workers

“I completed my course, with Quentin as our trainer he was super friendly and helpful, making the training session easy and providing a great understanding of the course that we can put into action in the real world.”

Ava

“My trainer was relaxed and very helpful with my training. She was supportive and assisted whenever necessary throughout the session, but still allowed use to complete the content at our own pace.”

Tegegnech Stark

“The training was really good. Enrolment was simple and was able to get support on the phone when needed.”

Nishant Raja Sekaharan

“Had great support when trying to figure out what degree to study and was assisted every step of the way.”

Tatiana Herwitz

Additional Information

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To complete the course you will need the following:

Email Address

A unique personal email address

Electronic Device

A suitable device with a strong internet connection to do the course.