Teachers Professional Development Points

Financial Management in Schools

Course Fee R400.00
This is a SACE accredited course.
Accreditation number: 11534

Endorsed by SACE for 15 CPTD points

 

RELATED COURSES:

If you liked this course, we think you will also like:

  • Manage Teaching and Learning

 

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!

In the 7 chapters of this course you'll be covering the following areas:

CHAPTER 1 School Principals and Financial Management
CHAPTER 2 The The Accounting Cycle
CHAPTER 3 Role of Planning in Financial Management & Accounting Conventions
CHAPTER 4 Different Financial Reports:
CHAPTER 5 Forecasts
CHAPTER 6 Budgets
CHAPTER 7 Financial Monitoring Systems:
Thumbnail_cathy

Cathy Fry

Educator

Cathy Fry has over 30 years of teaching and training experience in South Africa. She was principal two top independent junior girls’ schools in Johannesburg. Cathy’s expertise lies in ECD and primary education as well as whole school improvement and curriculum development. Cathy has been involved in teacher development and bursary programmes for disadvantaged children throughout her career in independent schools. She was a long standing member of the ISASA (Independent Schools Association of South Africa) Curriculum Development Programme as well as a member of the SAHISA (Southern African Heads of Independent Schools Association) Council, representing junior schools throughout South Africa. Cathy is highly qualified with a B.Ed from London University in 1977, a Diploma in Remedial Education from UNISA, a Masters in Philosophy, Second Language Acquisition, from Stellenbosch and a Master’s in Education from the University of the Witwatersrand in 2012. Cathy has also attended the Leadership Development Programme at the Wits Business School and is a registered assessor and moderator with the Service and ETDP SETAS. In 2012 she completed a Foundations in Coaching Course, online, from GET Smarter. After setting up her own company, Ukhanyiso Ebantwini, in 2012 Cathy has worked in both independent and state schools running a series of teacher development workshops. Her company is a service provider for SACE and has several SETA accredited qualifications. Cathy has developed online teacher training materials in 21st Century teaching and learning, study skills and leadership and management. She has worked with NPOs in Diepsloot, Tembisa, Modimolle and Johannesburg facilitating school leadership and management workshops, coaching and mentoring School Management Teams and running accredited ECD teacher development. She is an accredited facilitator for the British Council and has been put forward for validation as a Master Trainer. Cathy also works for Umalusi doing desk top evaluations for independent schools and she is a level 1 trainer in Philosophy for Children (P4C) in South Africa. Cathy’s passion for education, self-motivation and drive have been at the forefront of her success in independent schools and in the development of her own company.
Thumbnail_cathy

Cathy Fry

Educator

Cathy Fry has over 30 years of teaching and training experience in South Africa. She was principal two top independent junior girls’ schools in Johannesburg. Cathy’s expertise lies in ECD and primary education as well as whole school improvement and curriculum development. Cathy has been involved in teacher development and bursary programmes for disadvantaged children throughout her career in independent schools. She was a long standing member of the ISASA (Independent Schools Association of South Africa) Curriculum Development Programme as well as a member of the SAHISA (Southern African Heads of Independent Schools Association) Council, representing junior schools throughout South Africa. Cathy is highly qualified with a B.Ed from London University in 1977, a Diploma in Remedial Education from UNISA, a Masters in Philosophy, Second Language Acquisition, from Stellenbosch and a Master’s in Education from the University of the Witwatersrand in 2012. Cathy has also attended the Leadership Development Programme at the Wits Business School and is a registered assessor and moderator with the Service and ETDP SETAS. In 2012 she completed a Foundations in Coaching Course, online, from GET Smarter. After setting up her own company, Ukhanyiso Ebantwini, in 2012 Cathy has worked in both independent and state schools running a series of teacher development workshops. Her company is a service provider for SACE and has several SETA accredited qualifications. Cathy has developed online teacher training materials in 21st Century teaching and learning, study skills and leadership and management. She has worked with NPOs in Diepsloot, Tembisa, Modimolle and Johannesburg facilitating school leadership and management workshops, coaching and mentoring School Management Teams and running accredited ECD teacher development. She is an accredited facilitator for the British Council and has been put forward for validation as a Master Trainer. Cathy also works for Umalusi doing desk top evaluations for independent schools and she is a level 1 trainer in Philosophy for Children (P4C) in South Africa. Cathy’s passion for education, self-motivation and drive have been at the forefront of her success in independent schools and in the development of her own company.

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