Training / Event Details

training

LEAMIS - FMS Budget Management - Day 3 for LA Maintained Schools

Outline

Course Context:
This course extends the knowledge already gained from 'FMS Daily Tasks - Day 1' and 'FMS Financial Management - Day 2'.
Day 3 concentrates on the links between Personnel and FMS to give staff salary commitments and the reports for SLT, Governors and general budget management. It also covers the monthly returns to the LA and reconciling to the LA tabulations.

This course explores the budget management functionality present within FMS and explains how to use this functionality to actively manage the school budget.
Using FMS to accurately reflect the school budget and ensuring that the data in FMS remain a true reflection of the situation during the financial year are crucial to sound financial management. This course is designed to provide you with the knowledge of how to use FMS to accurately manage the budget.

Who should attend?
Staff should have completed Day 1 and Day 2. Newly appointed staff with responsibility for the financial procedures in school (including reporting to SLT and Governors). Staff supporting the school bursar in the financial processes who are responsible for completing the monthly BA2 and reconciling to the monthly Tabs.

Description

Pre-requisites:
Participants should have attended 'FMS Daily Tasks - Day 1' and 'FMS Financial Management - Day 2'. A good working knowledge of FMS is required.

How will I benefit?
You will be able to simplify the process of administering and managing your school’s finances within audit requirements. You will be able to tailor FMS to meet the analysis and reporting needs of your school. You will build on knowledge gained during Day 1 and 2 and will benefit from an understanding of the budget management functionality present within FMS.

Outcomes

By the end of the course you will have an understanding of:
  • Monthly BA2 Returns
  • County Hall tabs
  • Modifying the Chart of Accounts
  • Budget allocation to cost centres/ledger codes
  • Personnel links and salary projections
  • General ledger reports for budget monitoring
  • Cash flow reports

Audience

Who should attend?
Suitable for LA Maintained Schools

29 Apr 2019 09:00 - 16:00

Closing date: 28/04/2019
(requires login)
LEAMIS
Contact Provider

Date and Time

29 Apr 2019 09:00 - 16:00

Venue

Leicestershire County Council (RM142 / LEAMIS Room 142), County Hall, Glenfield, Leicestershire, LE3 8RA

Trainer

LEAMIS Specialist