Master tools for effective money management (including financial planning and evaluation) and learn effective policies and procedures regarding salaries, fees, and spending to help ensure your facility’s financial stability.

*This course uses the textbook Managing Money: A Center Director's Guidebook, and you must have a copy to do the course. It is available from us for $20.00. More than one student may share the textbook, but every student must have their own copy of the course book.

40 clock hours in business management

1. Tools and techniques for managing money in early childhood facilities, including tables, charts, budgets, financial reports, and cash flow analysis
2. Ways to avoid common money management mistakes
3. Ways to ensure that a facility's financial management system is secure, efficient, and effective
4. Ways to monitor a facility's true enrollment
5. How to use financial reports to deal effectively with financial problems
6. How to use financial reports to avoid financial problems
7. How to determine when a facility's financial statement needs an audit
8. The value of an audit
9. Alternatives to an audit
10. Points to consider when selecting an accounting firm to conduct an audit
11. Ways to minimize the cost of an audit
12. Ways to evaluate the impact of a facility's salary schedule on staff and program
13. Strengths and weaknesses of various types of salary schedules
14. Characteristics of typical salary schedules
15. Ways to determine an appropriate salary schedule for a particular facility
16. Points to consider when setting parent fee policies
17. How to implement a sliding fee scale system
18. Effective techniques for collecting parent fees
19. Differences in budget allocations and spending policies between higher and lower quality early childhood facilities