Do you have finance staff that don’t have a background in finance? Lots of schools do, and it can be tricky to understand it all and to have a full appreciation of the importance of the processes, without this background.
To this end we have created a new online training course – delivered over the internet – and consisting of 4 x 1 hour sessions over 4 successive weeks. Each week provides a live, interactive online presentation with accompanying notes (the live session being recorded so anyone can watch it after the event, at a time of their choosing)
The aim is to provide a basic overview of what the terms mean, what needs to be done, what’s important to know about and what the reports tell us. This isn’t an in-depth study of bookkeeping or management accounting – it’s a clear, simple overview to give school finance staff a grounding in accounting.
Each session has an optional assignment which will help consolidate the information covered, and on completion of all 4 assignments a Certificate in Basic School Finance will be awarded.
The 4 sessions are as follows :
Session 1 – Introduction to finance and the need for accounts. Introduction to finance terms used in schools. Legal aspects & segregation of duties. Financial controls and audit. Record keeping & filing.
Session 2 – The Bookkeeping process. Accounts, Assets & Liabilities, Double Entry accounting, Credits & Debits, The Ledgers.
Session 3 – Financial Statements and Reports – what they are, what they mean, general accounting reports and school specific reports.
Session 4 – Period End – The Control accounts, Month and Year end processes, Orders & Commitments, Creditors & Debtors, Prepayments & Accruals, Gift Aid. VAT.
The whole 4 session course costs £99 per school and multiple staff can attend from each for in this price. Sessions are on 9th June, 16th June, 23rd June and 30th June.
Istek UK Ltd 3 St Ursula’s Close, Salisbury SP1 3FY