Cole Connect Seminar - Effective Reporting in Schools + MASTERCLASS!

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Arkaba Hotel ADELAIDE

150 Glen Osmond Road

Fullarton, SA 5063

Australia

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Sales Have Ended

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Thanks for registering for this event. We look forward to seeing you there!
Event description
A free morning seminar for Business Managers and their Teams followed by the John Somerset Masterclass after an enjoyable lunch.

About this Event

Do recent Accounting Standard changes effect your school's finance reports? How can finance reports be applicable to all stakeholders? What qualitative and non-financial data can be added to financial statements? How can audited financial statements add value to internal school reporting? Can benchmarking benefit my school?

Join Cole School Experts & our Strategic Partners - Somerset Education & MRL Group - for a 2-part event to explore...

  • a recap of Accounting Standards and what they are designed to do
  • how recent & proposed changes by AASB to Accounting Standards could fundamentally change the way schools record and report financial data
  • making Accounting Standards can fit the narrative and context of school reporting
  • blending legislative reporting requirements with non-financial data
  • quality qualitative reports - financial reports are not just about $$
  • identifying stakeholders and reporting to their expectations
  • the types of benchmark tools to include in reports
  • what reports tell you about the financial viability and sustainability of your school

Bring your Principal and Finance Teams to consider these relevant topics, network with other school professionals and discuss current issues and challenges in the open Q&A session.

9:30am - Free morning seminar presenting Thought Leadership on the above topics by Kenton Newall (Cole School Experts), John Somerset (Somerset Education) and Mark LeCornu (MRL Group). Morning-tea followed by an open round-table Q&A session with the panel of presenters.

12:30pm - Lunch and networking

1:30pm - 4:00pm John Somerset Masterclass ($150 + GST)

The ASBA/Somerset Non-Government Schools’ Financial Performance Survey (FPS) uses algorithms and artificial intelligence to help assess your school’s financial health. This empowers us, as humans to do what we do best - synthesis that information and make informed decisions regarding the school’s financial sustainability. This workshop is focused on your individual schools’ results from the 2019 (2018 school-year) FPS. So, bring your reports, and/or access to your reports via the Somerset Portal, and John will help you to:

  • Select a good comparative sample
  • Better understand which are the key ratios and how to use them to analyse trends and identify and quantify strengths and weaknesses
  • Set a financially sustainable strategy
  • How to apply ratio analysis to help assess the risk of future capital expenditure and debt plans (If possible, please complete the SKI Report data to 2023 accessed via the Somerset portal)
  • Suggested best practice budgeting and reporting

John is hopeful that this masterclass will provide a school-specific action plan to take back to your board.

Lunch and refreshments included.

Cole School Experts website

Somerset Education website

MRL Group website

Date and Time

Location

Arkaba Hotel ADELAIDE

150 Glen Osmond Road

Fullarton, SA 5063

Australia

View Map

Refund Policy

Contact the organiser to request a refund.

Eventbrite's fee is nonrefundable.

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