This seminar will provide a comprehensive refresher and update for those working in the education sector or acting for Academy or FE college clients. Challenging and new accounting rules will be explained in detail, as will important audit and regularity hot topics. Topics covered include: 

• The legal and regulatory framework for academy schools and FE colleges
• Accounting fundamentals – what academy and FE college financial statements look like
• The Financial Handbooks – what they require and why they matter
• Key audit and regularity tests and how to perform them
• The latest Accounts Directions – key changes and their impact
• Current accounting problem areas for Academies and Colleges – and how to get them right
• ESFA feedback – examples of good and poor practice