| Type | Price |
|---|---|
For Members Standard Price Subsidy/Grant Applied Reduced Member Price |
$845.00 -$400.00 $445.00 |
Description
Join AISWA and John Somerset, founder of Somerset Education, for an interactive workshop designed to boost your understanding of financial governance in schools. This hands-on session will guide Business Managers, Principals and Board members through using Somerset Education reports to analyse financial statements, identify trends, and make informed decisions.
Learn to interpret key financial ratios, set performance targets, and adopt best-practice budgeting and reporting. Topics include financial distress recovery, profitability, solvency, sustainability, and financial forecasting. Gain practical tips on accounting for non-accountants and ensuring accuracy with working paper files.
This event is subsidised by the Commonwealth Government’s Choice and Affordability Fund (CAF) Grant to AISWA. Don’t miss this opportunity to strengthen your school’s financial future.
Outcomes
- Gain valuable insight into the uses of the Somerset Financial ratio reports to assist you in understanding your school finances.
- Learn how to use ratios and Key Performance Indicators to identify strengths and weaknesses in your school results.
- "Dollarize" strengths and weaknesses.
- Understand what financial sustainability looks like.
- Understand how to present reports and analysis to the Principal and Board to facilitate meaningful discussion and forward planning.
- Gain valuable insights as you compare your school to like schools in your demographic.
- Understand how to use the Somerset tool to forecast and report.
- Understand some 60 ratios calculated in these reports and how to make informed decisions around financial governance.
- Take the opportunity to workshop with John Somerset to look at your results if you are a Somerset subscriber.
- If your school does not subscribe, this session will provide insight on good practice financial reporting.
Presenters
Diana Currie (AISWA Staff)
Consultant | School Business Management
Diana is the current Consultant, School Business Management, having joined AISWA in June 2019 as the Business Practices and Contracts Manager, and more recently working in the Finance Directorate. Diana is a qualified CPA Accountant, having worked as a Business Manager for a K-12 Day & Boarding school for 15 years.
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.
Terms & Conditions
Please click here to view our general terms and conditions
Segments
Business Managers Masterclass: Financial Governance with John Somerset
Date / Time
29 Apr 2026 Starts: 09:00 Finishes: 16:30Delivery Format : In Person
AISWA
Address41 Walters Drive
Osborne Park WA 6017
Australia
PL Hours : 7.50
Learning Area
- Administration
- Governance
- Leadership
- Marketing
School Area
- Leadership
- Business Manager