About the workshop
The tertiary education sector has entered into a new era of transformation with shifting priorities and emerging commercial challenges that are global in scale. Managers and professionals in this environment require a strong sense of commercial awareness and business acumen to succeed.
Financial management skills and knowledge are not only valued in high performing organisations, increasingly they are a required core competency in any senior manager. Finance leaders and chief executives place a high value on managers who can speak their language and provide a clear picture of financial reality in their plans and reports.
This interactive workshop provides practical insights into accounting and financial management tools necessary to successfully manage a faculty, division, department or project. It will enable participants to understand key accounting terminology,underlying concepts and tools as well as be able to understand the importance and role of major financial statements and reports. It also explores the typical finance and accounting cycles that organisations operate within, and how raw accounting data translates into a set of financial statements.
The course has been designed to provide a ‘financial management essentials’ toolkit for managers and professionals in a University environment. It focuses on the key skills and tools that can provide an immediate measurable impact upon performance of faculties, business units or divisions. The course also provides a valuable and transferrable framework that finance leaders can use to translate key financial tools and concepts to no-financial managers within their organisation.
The changing finance environment within Higher Education
• Developing strategic awareness and an understanding of the changing business model of Higher Education
• The impact of funding reform and heightened competition on University finance
Overview of typical Higher Education governance and reporting frameworks
• Basic governance structures
• External and Internal reporting requirements
Understanding the major financial statements and financial terminology
• Income statement
• Balance sheet
• Cash flow statements
• Analytical techniques and tools to enhance efficiency and profitability
An introduction to planning and budgeting
• An introduction to strategic and operational planning and budgeting
• The role of the budget as the primary financial management instrument
• An introduction to expense budgeting
Effective partnering with Faculty Management, Deans and Department Heads
• Overcoming the communication barrier
• Getting “buy in” - Aligning your approach with the changing needs of decision makers
• Dealing with compliance (and non-compliance!) - Communicating financial management realities and compliance realities (expenses management, FBT exposures and more)
To make sure you get the learning solution that’s right for you, we offer different levels of tailoring to suit your needs. Choose from three levels of customisation:
1.Off the Shelf
Love what you see? Great! Choose this option to take one of our most popular courses and bring it in-house for your team. Includes a pre-course consult session with our facilitator to make sure we hit the mark, and deliver the right learning experience for you.
Make sure you get the most from the course you choose, by tailoring the content to get the right fit for you. Speak to our team, who will work with you to pick and mix from a curated bank of training modules to help customise your learning experience.
Not on the list? Let us know what you’re looking for and we will find the right solution. Our team of learning specialists will work with you to develop a unique training course for your business. Through an in-depth consultation process, we will work with you to profile your learning needs and build a bespoke program from the ground up.
Speak with one of our team today to find which option is right for you.
Managers and professionals from a variety of tertiary education
intuitions in roles spanning:
Faculty Administration /
• Faculty Business
• Corporate Services -
Finance, HR, Marketing, IT
• Facilities / Asset
• Divisional Management