Introduction to Academies


Event summary

A practical course aimed at officers in local authorities and academies who wish to improve their knowledge of accounting challenges, best practice and governance requirements in academies. It provides a practical consideration of fund accounting, trading subsidiaries and gift-aiding, VAT calculations and accounting challenges of pensions, multi-academy trusts and holding and accounting for money held by the academy.


03 May 2018
Starts: 10:00
Ends: 16:30


CIPFA Mansell Street
77 Mansell Street
E1 8AN
[See map]

Standard price

£345.00 excl VAT

Network Member Price

£295.00 excl VAT

*the event has started.

About this event

We will also explore the key areas of fraud risk and examine how the CIPFA Code of Practice on Counter Fraud can be used to support academies.

Examples of successful income generation in academies will be discussed. We will consider areas for generating additional revenue and the related tax implications and legal requirements.

This workshop is for you if you are looking to have a clearer understanding of income generation in academy and some of the more contentious and tricky aspects of accounting and governance in academies.

Who should attend?

Local authority officers and academy officers who wish to know more about accounting and governance in academies.

How will I benefit?

Detailed focus in accounting for:

  • fund accounting
  • accounting for trading subsidiaries and gift aiding  – how and when
  • VAT calculations
  • multi-academy trusts
  • pensions
  • holding and accounting for money held by the academy.

Improving the resilience of academy to fraud and irregularity:

  • key areas of fraud risk
  • CIPFA’s code of practice on counter fraud and how it can be used to support academies.

Income generation in academies:

  • areas for generating additional revenue
  • legalities, tax implications, marketing, skills and capacity
  • examples of successful income generation.

CPD hours

Four and a half.


  • Accounting
  • / Education finance and academies
  • / Efficiency
  • / Financial management
  • / Governance
  • / Local government
  • / Performance improvement and policy
  • / Risk management
  • / Value for money

Speaker - Kim Woods, Senior Trainer & Finance Advisor, CIPFA

Kim Woods

Kim has been examiner and author of workbooks for CIPFA professional qualifications. She has been training central government employees in various countries on implementation of accruals basic IPSAS since 2011. She has delivered such training in Kazakhstan, Azerbaijan, Sri Lanka, Indonesia, South Africa, and the Commonwealth Secretariat. She has also conducted an IPSAS study tour for the Botswana Accountant General’s office, the Petroleum Regulatory Agency of Nigeria and senior members of the China Treasury.

Speaker - Lisa Forster, Principal Consultant

Lisa Forster

Lisa is a CIPFA qualified accountant, and has worked for CIPFA since 2008. She joined the organisation as a finance advisor in CIPFA Networks, and has more recently moved across to the advisory team. Lisa’s two areas of expertise are in education finance, particularly academy accounts and assurance, and also in local government ‘transformation’ around the consideration of ‘alternative service delivery models’.