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SUMMARY:Compliance essential series: Understanding apprenticeship financial management – Funding\, forecasting\, costs and budgeting
DESCRIPTION:Apprenticeship financial management is complex.\n\nDo you and your organisation know whether your provision is modelled effectively and profitably? Do you meet the compliance obligations for pricing and costs?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGetting your apprenticeship pricing right is essential for DfE compliance but perhaps more importantly for operating a financially sound apprenticeship programme. This three part webinar series is designed for role holders working in finance or operations to understand the funding methodology in apprenticeships\, the compliance obligations and benefits of effective implementation.\n\nFor example:\nHow do you measure whether a new apprenticeship standard is financially viable for you to deliver?\nAre you clear on what the apprenticeship actually costs you to deliver and where a profit margin can be made?\nCan you forecast revenue effectively and identify profitability?\nAre you clear on what are eligible and ineligible costs and that you aren’t overclaiming or underclaiming funding?\nAre you reporting your training price breakdown correctly to the employer?\nHow do you recognise the apprentice’s prior learning and reflect this in your costings?\nAre you applying the correct training price for your own employees (which must be at cost price)?\n\n\n\n\n\n\n\n\n\n\n\n\nSession 1 – The funding model in England and funded components\nSession 2 – Apprenticeship costs and pricing\nSession 3 – Necessary infrastructure and variables\n\n\n\n\nIn the webinar series\, we’ll help you to understand:.\n\n\n\n\n\n 	The apprenticeship funding model in England\n 	Understand price components of training and assessment\n 	Eligible and ineligible costs\, how to identify these at a budget level and implement an effective offer to an employer cost models and options\n 	The importance of effective contracts with employers\n 	The role of employer co-investment and models of collection to ensure compliance\n 	Additional funding components: additional payments and learning support\n 	The impact of prior learning on cost models\n 	Employer-provider variables\n\nYou will receive an ‘Apprenticeship costs and budgeting tool’\, ‘Revenue forecasting tool’ and a ‘Recognition of Prior learning calculator’ as well as a CPD attendance certificate as evidence of your personal development.\n\n\n\n\n\n\n\n\n\n\nAbout your session\n\n\n\n\n\n\n\n\n\n\nDavid Lockhart-Hawkins\, SDN’s funding and compliance expert will facilitate this series. After working in the sector for over 20 years\, David has supported hundreds of providers to establish effective compliance systems. His in-depth understanding of funding and wider apprenticeship delivery gives him a unique insight into compliance across the organisation.\n\n\n\n\n\n\n\n\n\n\nThis series is for anyone involved in the development of apprenticeship budgeting and financial operations. This could\, for example\, include finance staff\, compliance staff\, employer-facing staff\, business development teams\, commercial leads\, senior managers / decision-makers.\n\nNote: This programme is a 25/26 update to our previously delivered series on understanding apprenticeship costings.
URL:https://www.fenews.co.uk/event/compliance-essential-series-understanding-apprenticeship-financial-management-funding-forecasting-costs-and-budgeting/
LOCATION:Online
CATEGORIES:Online & Webinars
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