Accounting for Academies

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Academies accounts are complex and detailed, which is why trusts are seeking accountants who can help. This course provides a guide through the work involved in accounting for academies.

£100 +VAT

4 CPD hours

120 days’ access

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Use ACPD101 for 10% off any purchase.

Accounting for Academies

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Accounting for Academies

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Get to grips with the rules and regulations that govern academies.
  • Comply with The Academies Trust Handbook and the Academies Accounts Direction.
  • Deal with the specific accounting issues relating to academy financial statements.
  • Understand the role of the auditor, the different opinions they can provide, and what goes into the final report.

About the course

Over 80% of secondary schools have now converted to academy status, and that number is only set to grow. Accounting in academies is becoming an increasingly detailed, time consuming and complex job, and more and more accountants are getting involved in giving advice and auditing academies.

This course demystifies the accounts of academies, and ensures you are equipped to deal with the rules and regulations that apply. It gives an overview of academy reporting, and highlights some of the pitfalls to avoid when preparing and approving an academy’s financial statements.

Please Note: This course only covers United Kingdom regulation

Contents

Framework

Getting to grips with academies
Legislative and regulatory framework
The academy trust handbook
Responsibilities
Trustees and auditors
The auditor

Academies Accounts Direction

What is the Accounts Direction?
The Accounts Direction
Errors and omissions
The role of trustees
Timetable

Specific accounting issues

What we’re dealing with
Income
Capital expenditure
Risk protection arrangements
The complicated stuff
Staff costs
Fund accounting

Reporting

Reporting for academies
Reporting by the auditor
Regularity, propriety and compliance
Qualified audit opinions
Some final issues

How it works

Author

Steve Collings

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA”s Practice Network Panel.