Guidance for sixth-form and further education colleges on preparing their annual report and financial statements (‘accounts’).
The college accounts direction sets out the ESFA’s financial reporting requirements for sixth-form and further education colleges.
The accounts direction outlines the requirements for each college to:
- prepare accounts to 31 July
- submit the accounts and associated documents to ESFA by 31 December
- publish the accounts on the college’s website within 2 months of the date of approval
College accounts direction 2016 to 2017
Colleges must refer to the college accounts direction 2016 to 2017 when preparing their accounts for all periods commencing on or after 1 August 2016.
This includes a requirement to submit a completed finance record for 2016 to 2017.
Colleges should refer to the following resources in preparing their accounts: