The Finance module is designed to provide participants with information and experience in receiving and interpreting financial data within the school environment. We will explore the ethics and law around financial decision making, benchmarking of independent schools, financial sustainability and governance, internal financial reporting and reviewing financial statements. A budget exercise that participants undertake in small groups is a tool used to understand the major drivers of a school's finances. The module is participatory and aimed at the non-financial manager.
- Gain an awareness of the financial documents used by independent schools
- Develop an understanding of the major drivers of a school budget
- Examine issues of financial sustainability and risks associated with enrolment fluctuations
- Develop an understanding of the "business" of running a school - insurance, planning, revenues and expenses.