All academies will be following the SORP 2015 accounting principles when preparing their accounts to 31 August.
The SORP requires that academies disclose the average number of persons employed during the year using the average headcount.
The average fte may be provided as additional information but is not compulsory.
We recommend that academies start calculating the average headcount by recoridng the figure each month. A formula to help with this is built-in to the Schools' Choice Payroll Reconciliation Templates.