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For Schools Wanting to Convert to an Academy

Conversion brings significant changes in setting up a new financial accounting and reporting structure and can cause a temporary additional workload - most likely for the School Business Manager.

Our consultants can help you steer a smooth path through conversion and ensure you will be able to open on Day One with an effective chart of accounts which reflects the required reporting structure and supports the production of year-end financial statements and all DfE submissions required in the first year.

We Deliver
2 half-days of support:
• To ensure the chart of accounts and system mapping supports the production of EFA returns
• Producing your:
– User-defined management report
– Finance Policy
– Fixed Asset Register

Electronic tools and templates:
• Electronic chart of accounts and mapping tool
• Conversion planner checklist
• Finance Policy template

Advice on:
• Funding and accounting differences for the new academy
• The treatment of inherited assets and liabilities
• VAT returns
  
If you would like to hear more about our services, please call our helpdesk 01372 834275 or email any of the contacts below who will be happy to discuss your individual requirements.

amanda.j.mcmillan@babcockinternational.com 
schoolsfinance@babcockinternational.com
 
 
 
Financial Due Diligence
This new workshop explores aspects of due diligence which should be considered during the academy conversion process. This will be relevant to a school looking to join a Multi Academy Trust (MAT), schools which are considering forming a MAT and for SATs/ MATs looking to grow their trusts.  For further information - click here 
 
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