exam

1. EDUCATION 400 -2
Managementof School Finance
PreliminaryExamination
The objectivesof thiscourse include the budgetaryconcernsof aninstitutionby:
- Controllingthe developmentof the resourcesallocationsystemandensuringitsconsistency
withthe institutional aimsandobjective;
- Maintainingasoundsystemof accountabilityforthe effective use of school resourcesby
meansof clear managerial structure,anincentive-drivenresource allocationprocessand
internal academicandfinancial auditoffices;
- Allocationresourcesinrelationtobothteachingandresearchneedsandperformance;
- Diversifyingsourcesof fundsof otherthanpublicpurse;and
- Observingaccountingprocessestoensure thatschool activitiesare assessedand
undertakeninfull knowledge of courses.
Come up withthe financial systemforenumeratedobjectivestoputintopractice and/or
actualize the budgetarypolicyof the institution.
The suggested policy herein is established:
- First, by controlling the developmentof theresourcesand achieving objectives,thelatter
should focuson planning on prosand consand venturesto be aimed;
- Integrityand valuesis observed
- Officerswho havegiven special taskare bounded with corporateattachmentforliability;
- Planning forresources on whatshould begiven priority;
- Improvetheaccuracy of yourfinancialplanning processesand achievedownstreamvisibility
into investmentperformance
- Shorten planning cyclesto cut time and cost;
- Useanalyticsto keep investmentplansand budgetson track;
- Reporting to concerned teachersand staff.