Date(s) - 02/05/2019
10:00 am - 4:00 pm
City & Guilds
This workshop will provide an introduction to managing finance within the Education and Skills sector. It will identify the key sources of income including funding and other sources of college finance, and will explore what impact reductions in funding continue to have on the FE sector. It will consider the importance of understanding financial information, including the importance of budgeting and cash flow, and how these are used for monitoring and controlling college finances. The module also examines the curriculum drivers and how they impact on the finances of the college.
It will also provide you with an opportunity to consider your role as leaders and managers, with responsibility for managing budgets, controlling costs and hitting financial targets within your own area of operation.
- To understand the key organisations and funding bodies.
- To explore the characteristics of the Education and Skills Funding Agency (ESFA) funding models and implications for leadership.
- To understand typical FE college income and expenditure.
- To develop skills in interpreting FE college accounts.
- To understand the value of financial information in decision making, including the key principles of effective budget setting and financial planning and monitoring.
- To understand the link between finance and curriculum.
- To gain an understanding of the role of the stakeholder and an approach for analysis of their needs
- To considered how stakeholder needs and LMI can influence the development of the curriculum
- To developed al knowledge required for planning, developing and updating of the curriculum offer.