• Administration

John Somerset - How to strategise in changing times

PL # 13150

  • Starting on 23 Aug 2021
  • Cancellation permitted until 23 Aug 2021
  • Event registrations closed on 23 Aug 2021

Delivery Format : Webinar

Event registration is Closed

Description

John Somerset from Somerset Education will be running a 1.5-hour webinar (via Teams) on Monday, 23 August, at 4.00 pm (AWST)

Many of you will know John's reputation, having presented at many ASBA conferences and his long association with schools through the annual ASBA/Somerset Non-Government Schools' Financial Performance Survey.

 

John is a highly accomplished 'numbers man' and well-regarded in the Independent schools’ sector as an expert in his field. His passion for the sector stimulated completion of a master's by research on the attributes of a financially sustainable school and his current PhD studies to predict financial sustainability in Australian Independent Schools.

 

The COVID-19 pandemic is having a mixed effect on the economy including stimulating change and opportunities. It's difficult to know what the future holds but now more than ever schools should consider possible scenarios up ten years into the future, develop strategies to prepare and capitalise and "dollarise" the strategies to assess and mitigate financial risk.
 
Combined with these risks are the changes to the DMI funding model to DMI (Direct Measure of Income) which will impact negatively on many WA schools starting in 2022.
 
How to strategise in changing times
 
This practical session will outline the attributes of a financially sustainable independent school, a methodology for developing strategies, a framework to assess current offerings against mission, finances, competencies, and market demand, how to gather practical and factual past, present and future operational information to inform decisions and finally how to report in a simple and transparent manner.
 
Topics addressed will include:
  • Research and context
  • How to strategise in changing times
  • Using the Financial Survey for Schools to inform strategy
  • The link between strategy and budgets
  • One-page financial reporting

You can download the PDF of John's slides via the following link:

 

Presenters

John Somerset

John Somerset

With 37 years of experience in chartered accounting, including 28 years specialising in the financial governance of non-government schools, he supports school leaders in making confident and well-informed financial decisions. He operates the Financial Survey for Schools, engaging over 700 schools annually across Australia and New Zealand. He is currently extending his master's research on financial sustainability with a PhD. His career highlights include establishing industry frameworks and serving as director and chair within Independent Schools Queensland and Independent Schools Australia, making valuable contributions to the sector.

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Segments

Webinar Event

Date / Time

23 Aug 2021 Starts: 16:00 Finishes: 17:30

Delivery Format : Webinar

Webinar - Online Only

PL Hours : 1.50

Learning Area

  • Administration

School Area

  • Leadership
  • Business Manager
  • Other (non-teaching)

Event Contact