The AFH contains a summary of the main changes, but we have outlined these in the document below along with our own insight and commentary on what the changes may mean in practice, and the action we recommend that you take to prepare.
Academies Accounts Direction 2016 to 2017 – Our summary of the key changes trustees and finance staff need to be aware of.
Our vast experience in the academy sector has allowed us to establish a complete internal audit package, which is designed to assist your Accounting Officer.
It is vital that a certain level of due diligence is carried out so that the financial position of the MAT and school(s) involved is clear from the outset.
We have produced our fifth benchmarking report for academies, covering academies across the whole of the UK.
To help you decipher the updated AFH, we have summarised the changes to be aware of, adding in our own commentary, to help you understand how the revisions may affect you and your school in practice.
The Education Funding Agency (EFA) has released its annual Academies Accounts Direction (AAD) which covers the
accounting period 2015 to 2016.
This academy focused document looks at the effects of the abolition of National Insurance contracted-out rates, focusing on the cost implications for both employers and employees.
We have produced our fourth benchmarking report for academies, covering academies across the whole of the UK.
In this update we answer the common questions our academy clients ask us regarding VAT.