The DfE guidance on academy financial returns has been updated with information about the academies better financial reporting programme, which aims to improve academy trust financial reporting and reduce the burden on trusts.
Key areas of work across the programme include:
investigating the best ways to transform the financial data that you send in order to create valuable insights to enable more empowered decision-making by academy trusts
reassessing the financial data that is collected from trusts to ensure that it is complete, relevant and only collected once
introducing automated data collection wherever possible to reduce the need for filling in lengthy forms