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 2017 (2016 data) FQ by extracting the relevant information from the school's 2016 audited financial statements.
The 2017 (2016 data) FQ must be completed on or before 30 June 2017.
Download the FQ instructions:
Common Errors in the Financial Questionnaire
Changes for this year
This year all Approved Authorities are required to attach a full set of audited financial statements prior to declaring the FQ data.
Approved Authorities registered with the Australian Charities and Not-for-profits Commission (ACNC) will have the opportunity to preview a summary of information that will be populated on the ACNC register.
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
To assist schools to understand how their FQ data will be used to produce My School finance reports, the Department of Education and Training has developed a tool that assists this. This tool allows schools to input the FQ data in order to preview a preliminary My School finance report based on their 2017 (2016 data) FQ return.
Please Note: This preliminary report is provided as a guide only and will not include possible allocations of costs incurred by third parties, required under the My School finance data collection methodology.
Download a sample copy of the FQ templates:
Download a copy of the Chart of Accounts:
Download the My School finance report tool:
For further assistance, please call 1800 677 027 (select Option 2) or
Last modified on Thursday 30 March 2017 [17|8916]