Original document : https://www.gov.uk/government/publications/college-management-accounts-good-practice-guide

Change description : 2025-03-28 13:43:00: We have updated the good practice guide for clarity. We have also made updates to the model templates. These reflect changed terminology, the publication of the College Financial Handbook, the impact of policy changes such as devolution, and the continued impact of reclassification of colleges into the public sector. The appendices now include an example of contribution analysis. [Guidance and regulation]

Showing diff : 2023-03-16 11:39:29.036910198 +00:00..2025-03-28 13:43:35.579291918 +00:00

Guidance

College management accounts good practice guide

Key How principlescolleges ofcan goodreport practice to support the FE sector improve the consistency, quality and effectiveness of in-year reporting of financial performance.

From:
Education
Department andfor Skills Funding AgencyEducation
Published
5 July 2021
Last updated
1628 March 20232025 — See all updates

Applies to England

Documents

Management accounts: good practice guide for colleges

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Management FECaccounts benchmarkWord definitionsdocument model: supplementary appendices

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Details

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Published 5 July 2021
Last updated 16 March 2023 + show all updates

  2. In light of the ONS decision to reclassify colleges as public sector bodies, the FEC team has updated the college management accounts good practice guide to reflect relevant changes arising from reclassification.

  4. Revised FEC Benchmark Definitions has been added.

  6. First published.

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Update history

2025-03-28 13:43
We have updated the good practice guide for clarity. We have also made updates to the model templates. These reflect changed terminology, the publication of the College Financial Handbook, the impact of policy changes such as devolution, and the continued impact of reclassification of colleges into the public sector. The appendices now include an example of contribution analysis.

2023-03-16 11:39
In light of the ONS decision to reclassify colleges as public sector bodies, the FEC team has updated the college management accounts good practice guide to reflect relevant changes arising from reclassification.

2022-07-18 10:09
Revised FEC Benchmark Definitions has been added.