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AC #3: Financial Management & Planning in Early Childhood Programs

Analyze the principles of sound financial management. Gain a better understanding of the critical relationship between financial management and program quality.

This course can be applied to the Child Care Administration Certificate.

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

Prerequisites

AC #1 or AC #2

Course available Feb. 8-Apr. 16

Location: Online

Instructor: Angel Stoddard M.S.

Fee: $1,286 Graduate credit is $2,223

Undergraduate Credits: 3, Graduate Credits: 3

Enrollment Limit: 20

Program Number: AD LDSP 583

Note: Call Shari Vinluan at 414-227-3223 for credit registration.

Registration Deadline: Sat., Jan. 23

Registration deadline has passed.

Meets Face-to-Face on Feb. 12 & 13

8:30am-4:30pm

Location: UWM School of Continuing Education

Instructor: Angel Stoddard M.S.

Fee: $1,011 Graduate tuition is $1,948

Undergraduate Credits: 3, Graduate Credits: 3, CEUs:

Enrollment Limit: 20

Program Number: AD LDSP 583

Note: Online: Mon., Feb. 15-Sat., Apr. 16

Call Shari Vinluan at 414-227-3223 for credit registration.

Registration Deadline: Mon., Jan. 25

Registration deadline has passed.
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