This Handbook is of interest to principals and chief executives of colleges, finance directors at FE colleges and Sixth Form colleges, financial statements auditors, directors of funding bodies and other key organisations in the learning and skills sector.

The purpose of the Handbook is to provide direction on the preparation of Colleges’ financial statements for the year ending 31 July 2012 and to identify issues that will require consideration for future years.

The accounting policies and guidance set out for the sector are applicable to all Colleges, regardless of their size, constitution or complexity. The policies and guidance are not currently applicable to external institutions, private training providers or other public bodies in receipt of learning and skills sector funding.

Includes:

  • Summary
  • The Development of Accounting Policies for the Further Education Sector
  • The Statement of Recommended Practice: Accounting for Further and Higher Education 2007
  • Casterbridge College Model Financial Statements
  • Guidance on the Preparation of the Members’ Report and Notes to the Financial Statements
  • Detailed Guidance on Specific Topics