FMS Budget Adjustment, Profiling and CFR Mapping
Dates, times and venues...
No dates currently set: Ask us about delivering this course in school as a Consultancy Session, or as a remote session by clicking the link below...
Audience/Keystage...
Finance administration staff in maintained schools
Tutor(s)...

Overview...
This session will work across both the General Ledger and Budget Management and will cover:
- Feedback from the county finance team and how to interpret their instructions
- Dealing with new funding – anticipated and non-anticipated funding, and the steps that must be taken in both the general ledger and within budget management
- Budget adjustments, when and how they should be completed
- Profiles (anticipated expenditure pattern) and the effect on the budget and the financial reports
- CFR (Consistent Financial Reports) a full explanation. Looking at the report within FMS6 and the CRF report within the BCR and practical mapping of codes to the CFR report within FMS
A discussion covering the facility to look at schools of similar size and structure on the financial benchmarking site.
Objectives...
- Interpret feedback from County finance team and carry out their requirements within FMS incorporating: Actuals and Budget.
- Appreciate how to deal with both new funding and unexpected income.
- Understand the importance of Profiling within FMS and appreciate the effect having the incorrect profile can have on the Budget.
- Feel comfortable adding |editing profiles.
- Undertaking CFR mapping as requested by the County Finance team. Understanding of what the CFR mapping is and how it is linked to ledger codes.
