New Principals Training Resources

Overview

The FSSU has recorded a a short series of training videos to support new Principals in understanding the essential internal financial controls and financial reporting process within their schools.
The videos addresses a number of practical issues. Some examples of items covered are controls arounds payments, purchasing procedures the use of a school credit card and the financial reports to be reviewed.

Training videos

• Financial Internal Controls
  Explains the key financial controls schools should have in place for example payment controls, purchasing procedures and the use of school credit cards.
• Monthly Reporting Process and Key Reports
  Explains the monthly financial reports that should be reviewed by the Principal.
• Monthly Reporting
  Focuses on the monthly Income and Expenditure Report and board of management summary report.

Further Resources

Checklists
> Key Internal Financial Controls Checklist (checklist to understand the key requirements)
> Finance Sub Committee Monthly Reporting Checklist

Manuals
> Internal Financial Controls Manual
> Financial Governance Manual for VS Schools
> Financial Governance Manual for C&C Schools

Template
> Finance Sub Committee Summary Report to board of management

 

 

 

 

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