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Demystifying Finance

Demystifying Finance is a practical, interactive one day workshop designed to provide a space to ask the finance questions you daren’t ask!

There is no doubt that funding pressures continue to rise in Higher Education – partially through increasing costs-such as pensions, the capacity to generate more income and also through uncertainty whilst the outcome of the Review of Post 18 Education and Funding along with the Government’s response to it are still awaited. Are you clear how the Sector and your own institution might cope with those and other financial challenges ?
It is also clear that the need to deliver more and more with less resource whilst having due regard for Value for Money (VFM) at all times is here to stay with all colleagues expected to play their part in this. 
So, perhaps you’d like to broaden your understanding of the Higher Education Sector’s funding and the challenges of financial sustainability? 
Or maybe you’d like to learn how to make sense of your University’s financial statements and understand the principles of financial planning, budgeting, costing and pricing?

Enquire about Demystifying Finance

Designed for...

Demystifying Finance is designed for all those who want to improve their understanding of finance in higher education and develop their financial management skills. The workshop is open to those working in higher education in both academic and professional services roles and will help you to think through the impacts of the financial climate on your institution and the local budgets within it .

Demystifying Finance

Date: Thursday 06 June 2019

Location: London

Book now

Demystifying Finance gave me a great overview of all aspects of HE finance and budgeting; useful help with the finance jargon and great hands-on exercises.

Katrina Mills, Departmental Manager for SLAS, University of Portsmouth

Learning Outcomes

By the end of the day participants will have:

  • Strengthened their understanding of their own University's finances and set them into the wider and national context
  • Developed practical skills in budgeting, costing and pricing
  • Will be less intimidated by financial jargon
  • Be confident to seek out additional information and/or help and to identify knowledge gaps.

Programme content

The workshop will cover:

  • Where universities money comes from and how it is spent
  • How to interpret your own University's financial statements
  • Jargon busting and understanding some basic accounting concepts
  • Understanding what 'financial sustainability' means and how to measure it
  • How to budget for, cost and price activities
  • Appreciating the importance of internal controls and financial regulations

Session 1

University funding and understanding your accounts

Session 2

Financial Sustainability - what is it and how can it be measured?

Session 3

Budgeting, costing and pricing - the what, why and how.

Session 4

Financial controls and audit - keeping you on the straight and narrow.

Who is delivering?

Gill Ball OBE

Gill, a qualified accountant spent the majority of her career within Higher Education with the last 20 years as Director of Finance at the University of Birmingham until she retired from that role at the end of 2014.

She developed a deep interest in the finances of the wider sector through supporting a number of HEFCE initiatives such as the Financial Sustainability Strategy Group (FSSG), the TRAC Review Group, Sustainability Metrics Group (SMSG) and the team working on “Financial Sustainability and Efficiency in Full Economic Costing of Research in UK HEIs” which produced the Wakeham Report- all of which impacted on the sector’s sustainability agenda.

From 2002 until she retired, Gill worked with the Leadership Foundation delivering the “Strategic Financial Management in HE” element for 31 of the cohorts of the Top Management Programme which she enjoyed very much. Gill remains committed to the HE Sector by continuing as a member of FSSG and SMSG, mentoring senior staff in a number of Universities, operating as a member of the Science and Technologies Facilities Council- one of the UK Research Councils- and working as an advisor to Accelerus Education which is developing models for reviewing efficiency of teaching and supporting leadership teams in implementing change. 

Gill was awarded an OBE for services to Higher Education in the Queen’s Birthday Honours list in 2012.

Time Topic area
09.30 Arrival: Registrations and refreshments
09.45 Introductions, aims and agenda for the day
10.00 Session 1 – University funding - understanding the national picture and YOUR accounts
11.30 Refreshment break
11.45 Session 2 – Financial Sustainability - what is it, how do you measure it?
13.00 Lunch
13.45 Session 3 – Budgeting costing and pricing - the what, why and how
15.15 Refreshment break
15.30 Session 4 – Financial controls and audit - keeping you on the straight and narrow
16.00 Session 5 – What’s still on your mind ? - a chance to tie up any loose ends….
16.20 Closing remarks
16.30 Close of day

Enquire about Demystifying Finance

Complete the form below and one of our team will be in touch with you to discuss the programme.

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