Release Bulletins and Support Bulletins

Academy template updates — Release Bulletin 30/08/2024

Updates

The new template includes:
  • Legislative changes for the year ending 31 August 2024.
  • Recommended guidance from the Education and Skills Funding Agency's Academies Accounts Direction.

Legislative changes

  • There's now no requirement to describe the board's oversight on the Governance Meetings window if there are fewer than 6 meetings per year.
  • The
    Governance statement
     no longer refers to "Financial" and now refers to the system of internal control.
  • The
    Governance review
     no longer refers to Covid-19.
  • The
    Governance statement
     includes a new paragraph to report on the adequacy and effectiveness of governance, risk management, and control.
  • We've changed the Pension note dates from 2016 to 2019, 2020, and 2022 for the latest actuarial valuations. The Teachers Pension Scheme refers to the period ending 31 March 2020. The Local Government Pension Scheme refers to the period ending 31 March 2022.
  • The Local Government Pension note has a new data entry window to report on scheme assets and whether there are sufficient assets to cover future obligations.

Other features

  • We've renamed the 'Funding for the academy trust’s educational operations' note to ‘Funding for the academy trust’s charitable activities’. This reflects the Education and Skills Funding Agency's Model Academies model accounts.
  • Staff costs and benefits note: we've added a new row to the
    Other employee benefits
     table in on the
    Staff costs and numbers
      window on the
    Disclosures
     tab. The application will show this in the staff note.
  • We've renamed the
    Auditors report
     folder in the report structure tree to remove 'post June 2016’.

Known issues

Before you export a report to Excel, you'll need to clear
Contents page
 template checkbox in the
Report structure
.

Install the templates

  1. Check which version of Accounts Production Advanced you're running:
    1. Go to
      Help
      , then
      About Accounts Production Advanced
      .
    2. Check that you are running version 6:30.9574.38 or a later version.
    3. If not, you'll need to go to the Product downloads page to download and install the latest version of Accounts Production Advanced before you install the template.
  2. Install the template:
    1. Sign in to Accounts Production Advanced as a user with administrator permissions.
    2. Select
      Tools
      , then
      Content download
       to view available updates.
    3. Select
      Install
      .

This article applies to:

  • PRODUCT: Digita Accounts Production Advanced

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