This event will be presented online via Zoom.
Part 1 on Monday 1 June
Part 2 on Monday 8 June
Timings: 9.30am - 1pm (on both days)
Introduction
Universities are unique and complex organisations with a wide range of different stakeholders with often competing needs. Maximising the use of resources is key in the success of any of these and of course finance is one of the key resources that needs to be optimised.
We have worked over the years to improve understanding of university business models and demystify financial jargon, running a series of events and highly successful publications.
To take this to the next level we have partnered with Vivek Mehan (of www.virtualfinancetraining.com) who is a specialist in demystifying the perceived complexities of finance for non-accountants to develop a blended training programme.
Course programme
We have adopted a blended virtual training programme incorporating on-demand e-learning with live virtual classrooms thereby enabling you to learn more about the mysteries of finance wherever you are in the country!
The courses are interactive, engaging and even on occasion fun!
Module 1 – Intro to HE Finance
On-demand e-learning
Intro to HE Finance
This e-learning module gives a useful overview of HE Finance. It will introduce some of the terminology and concepts. Use this module to gain some understanding and to be able to ask questions in the classroom modules.
The course will cover:
An introduction to HE landscape and governance
Understanding the different funding sources
Understanding the different areas of spending and governance
Acronyms and jargon busting
Module 2 – Finance Fundamentals in HE
Virtual classroom
The first live virtual classroom will ensure that you have solid foundations to understand finance and budgeting within the HE sector.
Finance isn’t necessarily the “day job” for many managers and academics, however, they are increasingly an integral part of the role.
The aim of this course is to increase your confidence in dealing with finance, budgets and even finance staff. Demystifying some of the jargon used and ensuring that you have a solid understanding of finance, accounting and budgeting.
Through interactive discussions, exercises and case studies you will be better placed to understand your budgets prevent many of the common misconceptions that lead to challenges between finance and non finance colleagues.
The course will cover:
Understanding your role with regard to finance
Overview of HE finance (sources of funding and consequences)
Understanding the different financial statements (balance sheet, P&L, cash flow), including: what they are, why they are useful, and what they show
Understanding common financial terms
Introduction to budget management
Module 3 – Budgeting for Non-Accountants in HE
Virtual classroom
Building on module 2 we will look at the practical application to budgets within your institution and give you chance to practice and understand the key elements in a safe environment.
This course will cover:
The purpose of budgeting
Methodologies of creating budgets
Case studies/exercises practicing key stages
Understanding business cases
Understanding limitations of budgets and how to address these
Notes:
The courses are designed as a programme and are very interactive and organic, with the precise content depending on the needs of the delegates. Therefore the precise split between each “iteration” can vary so we encourage you to attend the sessions as they are advertised rather than “mixing and matching” .
As a “proper” interactive, training course this session will not be recorded, delegates are requested to have their cameras on and come prepared to participate.
When you click on Book Now, the system will ask you to log in to the BUFDG website. Please use the alternative option of 'Booking on as a guest'.
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