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Hampshire accountancy firm HWB will be hosting a free online session on Wednesday 7 June from 12 noon to 1.30pm to give essential advice on the financial management of academy schools.
The forum, which will have in attendance business managers, governors, bursars, and heads of finance and trustees, will focus on the new Academies Accounts Direction (AAD).
The AAD was published earlier this year in April by the Education and Skills Funding Agency (ESFA).
According to the firm, AAD compliance, which includes how “model” accounts are to be shown, is a mandatory condition of an academy trust’s funding agreement.
As well as AAD, the agenda will also cover topics such as investment policies, internal scrutiny, teachers’ pensions returns and assumptions underlying budget forecast returns.
Joining HWB as speakers at the event are Kirsteen Hook, a partner at law firm Trethowans, and two team members from chartered surveyors Eddisons: head of business development, Jenny Fram, and building surveyor Annabel Huffer.
Michaela Johns, director of HWB and leader of the online session, said: “Academies are heavily regulated with strict requirements on governance and financial management. It’s essential to understand and stay up to date on all the technical accounting requirements. Our forum offers the opportunity to discuss the latest guidance.
“AAD provides annually updated guidance on how academies should fulfil their financial reporting obligations. This year there is additional information to clarify issues such as how loans should be treated in financial statements and how teaching assistant costs are reflected in payroll postings.”
She added: “Kirsteen, Jenny and Annabel will bring invaluable insight from their individual specialisms to help all attendees who are involved in academy governance or estate planning.”
