The
Financial Management Standard is a simple one page
statement of the characteristics you would expect to find in a school
that is well managed financially. These cover Leadership and Governance,
People Management, Policy and Strategy, Partnership and Resources and
Processes. Those characteristics are set out in terms of the principles
to be achieved rather than the precise way they should be achieved. This
reflects the fact that schools have vastly different levels of financial
management resources and are organised in different ways. Nevertheless
the principles of the Standard should be achievable by all schools.
FMSiS applies to trust and extended schools.
The Standard is
supported by a
comprehensive toolkit that provides best practice guidance on
financial management and an assessment tool that allows a school’s
position against the Standard to be determined.
is a simple one page
statement of the characteristics you would expect to find in a school
that is well managed financially. These cover Leadership and Governance,
People Management, Policy and Strategy, Partnership and Resources and
Processes. Those characteristics are set out in terms of the principles
to be achieved rather than the precise way they should be achieved. This
reflects the fact that schools have vastly different levels of financial
management resources and are organised in different ways. Nevertheless
the principles of the Standard should be achievable by all schools.
FMSiS applies to trust and extended schools.
The Standard is
supported by a