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Demystifying Finance and Budgeting in the HE sector

10 January 2023      Rachel Ward, Learning and Development Manager

BUFDG has worked over the years to improve understanding of university business models and demystify financial jargon, running a series of events and highly successful publications. This course has been created for non-accountants to understand more about university finance.  

Please share it with colleagues across the university who will find this training useful. 

The Demystifying Finance and Budgeting in the HE sector (for Non-Accountants) course is delivered on-line on Wednesday 1 February and Wednesday 8 February from 9.30am – 1pm.

Module 1 – Intro to HE Finance

  • An introduction to HE landscape and governance
  • Understanding the different funding sources
  • Understanding the different areas of spending and governance
  • Acronyms and jargon busting

Module 2 – Finance Fundamentals in HE

  • Understanding your role with regard to finance
  • Overview of HE finance (sources of funding and consequences)
  • Understanding the different financial statements (balance sheet, P&L, cash flow), including: what they are, why they are useful, and what they show
  • Understanding common financial terms
  • Introduction to budget management

Module 3 – Budgeting for Non-Accountants in HE 

  • The purpose of budgeting
  • Methodologies of creating budgets
  • Case studies/exercises practicing key stages
  • Understanding business cases
  • Understanding limitations of budgets and how to address these

For any queries, please contact Rachel.

Tagged : Business Partner, Deputy Finance Directors, Events, Learning and Development, Management Accounting, Miscellaneous

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