Financial Questionnaire

The Financial Questionnaire (FQ) is an annual collection of income, expenditure, assets and liabilities from all non-government schools.

Non-government schools in receipt of recurrent funding are required to enter data into the 2018 (2017 data) FQ by extracting the relevant information from the school's 2017 audited financial statements.

The 2018 (2017 data) FQ must be completed on or before 30 June 2018.

Download the FQ instructions:

Instructions for the FQ

Common Errors in the FQ

Common Errors in the FQ

Changes for this year

The 2018 FQ has introduced additional FQ items. The additional items improve the capturing of income and expenses, along with data mapping for the Australian Charities and Not-for-profits Commission (ACNC) reporting purposes.

Approved authorities are required to attach a full set of audited financial statements prior to declaring the FQ data.

Approved authorities registered with the ACNC, will have the opportunity to preview a summary of information that will be populated on the ACNC register, unless the approved authority has indicated to the ACNC that they would  rather provide the information directly.

For more information, please refer to the FQ Instructions.

Chart of Accounts

Both the Accrual and Cash Chart of Accounts are designed to allow non-government schools to track their income, expenditure, assets and liabilities in a manner that will simplify their FQ reporting.

The Chart of Accounts can be used as a guide for the development of non-government schools' accounting and financial reporting systems.

Schools may use the Chart of Accounts in a number of ways:

  • adopt it in its entirety

  • use it for direction for recording transactions in the school's own chart of accounts

  • seek advice from your accounting software provider about using it in conjunction with their platform.

Preliminary My School Finance Report

The 'Preliminary My School Finance Report' is a tool to assist schools with understanding how their FQ data will be used to produce My School  finance reports. This tool generates a preliminary My School finance report based on the 2018 FQ return.

The preliminary report is a guide only and will not include, for example, possible allocations of costs incurred by third parties which is required under the My School finance data collection methodology.

Downloads

Download a sample copy of the FQ template:

Sample FQ

Download a copy of the Chart of Accounts:

Accrual Chart of Accounts

Cash Chart of Accounts

Download the My School finance report tool:

My School finance report tool

Further Assistance

For further assistance, please call 1800 677 027 (select Option 2) or

email: schoolsassurance@education.gov.au

 

Last modified on Tuesday 3 April 2018 [17|12101]