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Gain the knowledge and skills needed to play a key role in the financial management of academies and other schools that operate autonomously from their local authority.
A 10% discount is available to all CIPFA members.
New dates will be announced soon. To register your interest, email: email@example.com
Download the course brochure
The Certificate in Financial Reporting for Academies is aimed at school business managers and finance officers. It offers the knowledge and understanding necessary to present statutory financial statements that comply with the specific requirements applying to academies as charitable companies.
You will develop the knowledge and skills required to play a key role in the financial management of academies. You will develop an understanding of the principles of accounting and help the academy trust maintain adequate accounting records and prepare an annual report and accounts in line with the Charity Commission's Statement of Recommended Practice (SORP) and ESFA's Accounts Direction.
The course is completed via a blend of self-directed online learning, an introductory workshop, and a revision workshop that recaps the materials and looks at exam technique and questions. You will have access to your tutors via email, as well as online mock and live exams.
It can also be completed as part of the Diploma in School Financial and Operational Leadership, a programme developed by CIPFA and The Institute of School Business Leadership (ISBL) for current and aspiring Chief Finance and Operations Officers.
The course is designed for those who have or plan to have a key role in the management of school/ academy finances. You may be currently working in a local authority, the Department for Education, an academy, or a school that is intending to convert to an academy within 12 months. It is also ideal for those looking to move into finance roles in the school/ academy sector
Knowledge of bookkeeping or accounting would be an advantage. If you are new to the finance function, we recommend that you fully prepare for the programme by reading the Introduction to Bookkeeping workbook supplied as part of the online study materials.
Note that the course content focuses on academies in England. Applications are welcome from those outside England, but please be aware that some contextual difficulties may arise for schools operating outside of the English system.
Online study materials form the core of the course. The materials are divided into seven units, listed below. As you work through each unit you will find a number of learning activities, reflective activities and illustrations designed to help you check your understanding of the key concepts and their application.
The units cover the following topics.
Introducing financial statements and book-keeping
Double entry bookkeeping
Adjustments to final accounts
On completion of the course, you will know and understand:
You will be able to:
The course will take approximately 50 hours to complete, over an eight-to-twelve-week period. This will vary according to the level of your prior knowledge and experience. You will need to allocate several hours of your personal time each week to gain maximum benefit from the course. The course is intended to be completed within six months.
The course is assessed via an open book online exam. There are 30 multiple choice questions to be completed within 90 minutes. You will have access to three mock exams and will be given three separate attempts at the live exam.
This course carries 50 CPD hours.
All CIPFA training counts towards your continuing professional development (CPD). If you are a CIPFA Chartered Member, you are required to undertake a minimum of 20 hours of relevant CPD activity each year as part of maintaining your professional competence and to develop skills and knowledge.
Find out more about CPD requirements.
Delegates pay £600 +VAT. The course fees include tuition and all course materials, assessment, marking and moderation, and certification.
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