Overview of the Programme
This programme is designed to provide senior leaders with a practical insight into key principles of good financial management in a period of unprecedented pressure on college finances. The event is interactive and includes a case study exercise to highlight some of the key learning points, drawing on examples of good and bad practice.
Benefits of Attending
The programme will particularly benefit senior leaders who are not from a finance background. It will help leaders to recognise and understand the factors that have led increasing numbers of colleges into financial intervention, including:
inadequate financial health
cash flow crises
breach of bank loan covenants
unsustainable operating losses
inefficient deployment of curriculum staffing inadequate financial health
The workshop aims to:
confirm the key principles of good financial management in the FE sector
develop leaders’ ability to recognise warning signs of potential financial failure
demonstrate the importance of effective curriculum planning in driving down high pay costs
enhance awareness of the importance of cash flow management and relationships with the banks
explain the key factors that can influence a college’s financial health grades
This programme aims to enhance leaders’ capacity to help achieve the financial objectives of their college and to support actions to address emerging financial issues before they become a crisis.