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AD LDSP 583 (Credential Course #3)
3 cr. U/G
Develop knowledge of the principles of sound financial management and the ability to apply those principles to the financial planning and management of early childhood programs. You’ll gain a better understanding of the critical relationship between financial management and program quality for children, parents, families and staff. This course provides students with many opportunities to apply these principles and practices to the financial management of their own programs.
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Benefits and Learning Outcomes ▼
- Understanding of the basic principles of sound financial planning and management
- Understanding of the relationship between financial management and program quality
- Ability to develop fair salary policies and scales
- Understanding of budget use and management including utilization factors, deviation analysis and functional cost analysis
- Ability to develop a basic line-item budget
- Ability to develop a monthly cash flow projection for one year
- Understanding of breakeven concepts and applications and ability to develop a breakeven chart
- Ability to balance the budget, including principles for cutting and revenue enhancement
- Ability to compare budgeted expenditures to actual expenditures and to analyze differences
- Ability to read and understand financial reports
- Understanding of the cost of staff turnover
- Understanding of basic customer orientation for marketing and cost of losing customers
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