Financial Management for ECE Practitioners

Strengthen your financial expertise for early childhood education success.

This course focuses on the financial principles, practices, and controls necessary for the effective management of ECE centres and provides students with the knowledge and skills to understand financial standards, develop control policies, analyze financial statements, prepare budgets, and manage payroll and billing processes. Students will gain practical insights into financial management specific to both not-for-profit and for-profit ECE environments.

What You Will Learn

Upon successful completion of this course students will be able to:

Describe financial principles, concepts, and standards used in not-for-profit and for-profit ECE centres.
Analyze financial control policies.
Evaluate the financial statements of a centre. .
Demonstrate how to prepare a yearly and monthly budget and a year-end financial report.
Analyze payroll processing options in Manitoba.
Examine the process of billing for parent fees, invoicing, and subsidies.
Create a clear and effective process for billing parent fees.
Compare systems for generating and managing invoices.
Establish a process for handling subsidy applications and payments