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Administering Finance in Education qualification now available as distance learning
Last year 28 of Norfolk’s school finance administrators and business managers graduated with the new Administering Finance in Education Level 3 qualification specifically designed to develop high quality finance, business and accountancy skills within schools, academies and multi-academy trusts.
The Level 3 course covers bookkeeping, costing, VAT, internal control systems, procurement, budgeting and preparing financial accounts.
The same course and qualification is available now to all school finance and business managers across the country thanks to a distance learning programme providing online modules, dedicated tutor support, online assessments and feedback.
The new qualification is the only operational finance course tailored to education in the country and has been developed by Educator Solutions, the Norfolk County Council trading enterprise that provides services to schools.
Speaking about the new course, Educator Solutions Training Manager Matthew Adams said; “Finance professionals working in educational establishments today need to have stronger business, finance and accountancy skills than ever before in order to manage the pressure on achieving value for money and relating business performance to the achievement of educational goals. Until now, there hadn’t been a specific qualification focused on developing these vital skills. So we are very proud to be the first and only organisation in the country to be supporting this important element of managing schools.”
Catherine De Micco, Administrative Officer at Hingham Primary, one of the first students to complete the qualification said "The course was both interesting and enjoyable. I acquired valuable skills and was able to apply the new knowledge I'd gained immediately."
Vickie Newrick, Head Teacher at Hingham Primary said “We are delighted that Catherine has successfully completed the Finance in Education qualification. As a school we understand the challenges faced by school administrators. They wear so many hats and have to be experts at so much. This qualification has enabled Catherine to focus on this vital area of her role and gain further expertise in finance. The governors and I know our school finance procedures are in excellent hands.”
Alison Randall, who leads Educator Solutions’ Governance and Finance Team reinforced the need for a recognised and accredited route to encourage improvement in financial skills in schools. “Many administrative officers within schools don’t have a finance background,” she commented. “They often come from different areas within the school, and even those with office experience often don’t have knowledge of bookkeeping, accounting for VAT, setting budgets or preparing financial accounts. This course is the first focused on how to develop and use those skills in an educational establishment. It has the added advantage of potentially changing the professional lives of the delegates as well as helping them to have a positive impact on school improvement in their schools.”
Matthew Adams continued: “Following the success of the classroom based Level 3 qualification, we’ve developed a structured eLearning programme delivered via our online Learning Hub.”
Learners will now be able to access bite-sized lessons on computers, tablets and smartphones to provide complete flexibility to learn at their own pace wherever they are based. Each lesson contains a mixture of interactive learning activities and supporting knowledge checks to assist learning. Every learner will get direct access to a team of professional tutors and an online community to support them along their learning journey.
Educator Solutions has also launched the first Level 4 Managing Finance in Education qualification aimed at those already working in a finance management or business management role within an educational establishment. The course builds on the Level 3 qualification with a focus on managing assets, cash and budgets, producing financial statements, managing procurement and projects and generating income. Currently available as a classroom-based course, the qualification will be available as a distance learning course from 2019.
The Administering Finance in Education distance learning package, including access to online modules, dedicated tutor support, online assessments and feedback costs £1250. A Level 2 Award in Bookkeeping in Educational Establishments is also available as a distance learning package and costs £400.
To find out more about the Finance in Education qualifications visit our website or contact our professional development team by telephone or email for an informal discussion about which qualification is right for you.