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Q2 Forecast Workshop

Q2 Forecast Workshop

Overview

In line with Forecasting monitoring procedures, schools are required to review the Financial Plan set in April/May against the actual expenditure to date, and to project a revised forecast to year end which is a best estimate.

The Q2 deadline is 19 October 2018

To complete your Q2 forecast before the deadline and understand the new process using the Forecast submission spreadsheet (Eform SCHF was previously used). This spreadsheet is due to be incorporated within the next version of the Salary Modeller in the next financial Year.

Be able to work on your forecast using the new form in a quiet environment with Finance staff on hand to answer any questions.

Suitable For: All Finance Staff and Bursars (beneficial for new Finance Staff)

Date & Venue: Please see the Training Schedule

Time: Half day 9.30-12.30. Refreshments provided.

Cost: If you have a Finance package 100 credits for the first delegate and 50 credits for an additional delegate or if no Finance Package purchased please refer to Schools Finance Packages 2018

 

What you will need

On the day, you'll need to bring:

  • your school’s log in and password
  • a memory stick with any SIMS information you may wish to use and a copy of your latest monthly summary report on which you may want to work before transferring the data onto the spreadsheet.

 

Objectives

By the end of the course you will be able to:

  • Complete your forecast
  • Understand how the new spreadsheet works
  • Consider outcomes that may affect your year- end forecast position

 

Details

  • Work individually on a PC on a live version of your Forecast spreadsheet with Finance staff on hand to assist
  • If completed during the workshop submit your forecast or save it to a memory stick to work on back at school

 

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