Finance Matters is a learning program that gives school leaders an understanding of financial management principles and responsibilities.
About the program
The program:
- provides essential professional development to school leaders and school administrators focussing on financial management best practice
- is offered to all school leaders and administrators including principal class, aspiring principal class, business managers, aspiring business managers and education support staff
- has no cost to participants or schools.
Enrol
All school leaders and administrators can enrol into the program.
To enrol, see:
financial management programs (eduMail login required)
What the program covers
Student Resource Package (SRP)
- Framework of the SRP
- Funding model
- Policy and procedures
- Reporting systems
- Introduction to workforce planning issues and the SRP planner
- Efficient and economic use of resources
Workforce budgeting
- Workforce management
- Planning and budgeting
- SRP planner
- Typical school workforce planning issues
- School workforce plan creation
- Modelling and budget considerations
- Employment on-costs
- SRP management reports
- Deficit management and support
Financial management
- Overview of financial responsibilities
- Internal control
- Fraud prevention
- Procurement and value for money
- Asset management
- School council governance and segregation of duties
Budget preparation
- Annual cash budgeting process
- Emphasis on the need for a planned approach
- Pre-budget preparation
- Budget preparation
- Recording the budget on CASES21 finance
- Monitoring the budget
- Variance analysis
- Cash flow
- Reporting and decision making
Financial reporting
- Accrual accounting concepts
- School council reports
- Chart of accounts
- Finance committee reports
- Annual reporting
Taxation
- GST
- FBT
- BAS
- Building and library funds
Insurance
- Insurance principles
- Department
Insurance arrangements : building re-instatement program / school equipment coverage scheme / VMIA School Council Insurance Program
- Insurance policies: property / motor vehicle / travel / personal accident / liability
Get advice
For more information, see:
financial management learning programs