Endorsed by SACE for 15 CPTD points

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What this course is about

As a school principal or aspiring school principal, you need to understand the basics of financial management.  Doing this will give you a better understanding and an informed view of the school's performance and allow you to play a role in shaping its strategy.

This course will be useful to school leaders and aspiring school leaders.  It covers the basic knowledge and skills that school leaders need to understand financial management and to assist them in being accountable for the finances in their schools.  As a school leader, your actions and decisions affect your school’s financial picture. If you are making those decisions without a solid understanding of finance and accounting, you are working in the dark.  

• School leaders need to understand financial terminology and accounting methods 

• School leaders need to be aware of what their people are doing and the financial ramifications and 

• School leaders need to understand the rules of accounting and

• Understand what acceptable, ethical financial practice in their school is.

Who should be doing this course?

School leaders, aspiring school leaders and HODs from all phases will benefit from this course.  

Learning outcomes

After completing this course, you should be able to:

•    Demonstrate an understanding of the key concepts of managerial finance

•    Interpret financial statements

•    Draft budgets according to the operation plan of the unit

•    Supervise the financial management of a school against given requirements

How your final mark is calculated?

Your course is mark is calculated using the average mark obtained in each of the Chapter tests. In order to pass this course, you must obtain a final course mark of at least 70%. This means that even if you fail a few of the chapter tests, if your test marks in the other chapter tests are high enough you will still be able to pass the course. Good Luck!

Study at your own pace!

We’ve created our courses to suit your busy life! The duration of this course is based on chapters and video clips to watch. Short multiple choice questions after chapters test understanding and possible application of knowledge. You can do the course in your own time and at your own pace. If you choose to do two readings per day, it will take you half of the estimated time, four readings per day means doing the course in a quarter of the time etc. We leave that decision up to you!