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Facilitator/Tutor Facilitator/Tutor
Audience Audience
Cost Cost

Introduction to School Finances Days 1 - 3

Event code SCH 19/515 
Event description Duration / Who Should Attend:

Three separate days
9:30am till 4:30pm (30 minutes lunch break)

These sessions are for Local Authority (Kent) schools only. This three day course is aimed at new or inexperienced school based finance staff and includes an introduction to the financial regulations and guidance that schools must adhere to. The course will enable delegates to gain a good understanding of all aspects of school finance. Delegates will learn how to use FMS6 and this will include month end reporting.

Delegates are required to download, print and read various documents pertinent to the course prior to attending Day 1. A document will be provided to delegates upon allocation of a space. It is imperative that delegates complete this document as this will support and enhance their learning experience. Delegates to bring all completed documentation on Day 1.

PLEASE NOTE: ONLY 2 DELEGATES PER SCHOOL

Course Description

This course will include demonstrations and practise on the routines required on FMS6 to produce monthly accounts. Procedures will be linked to the KCC Financial Controls and the Schools Model Finance Policy.

Day 1

The day will concentrate on an Introduction to School Finance and the Accounting Package FMS6 and will include:-

• The Schools Financial Services team
• Navigating FMS6
• The Coding Structure on FMS6 and how to amend it
• How to Input an Example School Budget
• Set Up Routines - i.e. orders, petty cash and cheque books
• Petty Cash
• Non Invoiced Income
• Useful Reports

Day 2

The day will concentrate on all areas of Accounts Payable which include:-

• Suppliers
• Orders
• Deliveries
• Invoices and Credit Notes
• Cheque Processing
• BACS/Online Payment Processing
• Corporate Cards
• Useful Reports
Day 3

The day will cover month end processing and include printing month end reports and an appreciation of how to interpret them. The day will also cover further processes on FMS6 and will include:-

• Month End Checklist
• Monthly Advance/VAT Reimbursement/Payroll
• VAT Automation
• Closing Financial Periods
• Direct Debits
• Journals
• Updating Budget Allocations
• KCC Income & Expenditure Report
• Bank Reconciliation
• KCC Reconciliation Report – including manual reconciliation
• Useful Reports
• Recap Session

 
Training objectives Training Objectives

By the end of the sessions the delegates will be able to:

• Use the KCC Financial Controls and the Schools’ own Finance Policy as reference documents
• Contact the appropriate Schools Financial Services team for support
• Highlight the key aspects of the school funding
• Explain the processes that need to be carried out in order to provide the school with effective ongoing financial support to include monthly reporting
• Play an important role in ensuring that schools are financially well managed
 
Key stages
All image Foundation image KS1 image KS2 image KS3 image KS4 image KS5 image 14-19/24 image 
Subject areas School Finance
Target audience
Administration Officer / Bursar / Business Manager / Finance Officer
target audience
Qualification level
Venue
EIS - Maidstone (Venue), Oxford Road, Maidstone, Kent, ME15 8AW map
venue
Location Maidstone
Training Provider The Education People - Schools Financial Services
Admin contact SFS Admin (sfstraining@theeducationpeople.org)
Facilitator/Tutor
Sue Lindgren
tutors
Part of SLA? No
Kent LA cost
£0.00
tutors
Other LA/Academy cost
£465.00
tutors
Independent/PVI cost
£465.00
tutors
Number of credits 0
Funding information
Start date Tuesday 4 June 2019
Times 9.30- 16.30
Number of sessions This event has 3 sessions. Click here to view session information.