J.M.J. Marist Brothers Graduate School Notre Dame of Marbel University City of Koronadal, South CotabatoCOURSE NUMBER : EDUC 217/234COURSE TITLE : FISCAL MANAGEMENTCOURSE CREDIT : 3 UNITSCONTACT HOURS : 3 HOURS / WEEKFACULTY : FELY O. ARDINA, CPA,MBACONSULTATION HOURS :COURSE DESCRIPTION: This course is designed to introduce the students to the sub-field of fiscal management ineducation. It covers the general areas on fiscal policies, revenue administration, school budgeting,accounting and debt management. While the focus of the course is school management on fiscal matters, the students are alsoencouraged to consider these areas in terms of problems and issues confronting the PhilippineEducational System.COURSE OBJECTIVES: At the end of the course, the student is expected to: a. Gain understanding on the basic principles , system and procedure in the management of school finance; b. Acquire basic knowledge on budgeting , accounting , auditing and debt management specifically on school matters; c. Analyze fiscal problems affecting educational institutions in this era; d. Develop insights and approaches toward effective solutions of fiscal management problems; e. Discuss the importance of fiscal management in the operation of an educational institution; f. Apply some principles learned through the development of a school budget; g. Determine the practices of public and private educational institutions in terms of educational programming and financing and; h. Develop the skills in undertaking research on the area of fiscal management.
Course Contents I. Orientation of Course Description, Objectives, Requirements, Scope and Methodology II. Concepts, Practices, Issues and Problems of Fiscal Management 1. Administration and Management : An Art and Science 2. Public and Private Management 3. Fiscal Management : Meaning and Importance 4. Other Basic Concepts on Fiscal Management 5. The School Administrator: Qualities, Jobs and Environment The School Administrator as : 5.1. Finance Manager 5.2. As Agent Resource Productivity 5.3. As a Revenue Producer 5.4. As Agent of Change 5.5. As a manager of waste 6. Financial Policy, Planning and Control Functions 7. Financing Education as an Administrative Function III. Fiscal Matters Mandated on Local Government Autonomy 1. Revenue Administration 1.1 Sources of Funds a. Government Revenues / School Revenues b. Sources of funds of private and public educational institutions 1.2 Support of Educational System in the Philippines a. Elementary, Secondary Schools b. Trade Schools and Agricultural Schools c. National and Barangay High Schools d. College and Universities e. Private Schools IV. Budgeting , Accounting of Financial Resources; Issues and Problems 1. Basic Principles in the Administration of School Finance 2. School Budgeting 2.1 Advantages / disadvantages of Budgeting 2.2. Limitation of Budgets 2.3. Budget Control 2.4. Basic Principles of School Budgeting 2.5. Application 3. Budget Preparation and Deliberation 4.School Accounting and Auditing 4.1 Basic Principles of Accounting
4.2 Basic Principles of Auditing 4.3 Application V. Debt Management 5.1 Problems of financing Public EducATION BY THE National government 5.2 How to get out of debt. COURSE METHODOLOGY Lecture, key concept/ group discussions, case study analysis, individual oral report of proposed budget COURSE REQUIREMENTS / BASES OF EVALUATION 1. Active participation 20 % 2. Preparation and deliberation of a proposed budget 20% 3. Midterm / Final Exam 40% 4. Individual Research paper on Fiscal management problems 20% Total 100% REFERENCES:Aquino, G. (2000) Educational management: principles, functions and concepts. Manila: Rex BookstoreEun, C. & Resnick, B. (2004). International financial management. 3rd ed. New York: McGraw-Hill/IrwinFolk, J. Garrison, R. & Noreen, E. (2002). Introduction to managerial accounting. New York: McGraw-Hill/IrwinHoyle, J. Schaefer, T. & Doupnik, T. (2007). Fundamentals of advanced accounting. 2nd ed. New York: McGraw-Hill/IrwinLarson, K. wild, J. & Chiappetta, B. (2005). Fundamental accounting principles. 17th ed. New York: McGraw-Hill/IrwinRoss, S. Westerfield, & Jordan, B. (2003).Fundamentals of corporate finance. New York: McGraw-Hill/IrwinSpiceland, D. Sepe, J. & Tomassini, L. (2004). Intermediate accounting. 3rd ed. New York: McGraw-Hill/Irwin
Wild, J. (2005). Financial accounting. New York: McGraw-Hill/IrwinWilliams, J. haka, S. Bettner, M. & Carcello, J. (2006). Financial accounting New York: McGraw-Hill/IrwinJournals/Magazines/HandoutsLaya, Jaime C., Financial Plans and Projects of the State University and Colleges. The PhilippineBudget Management. Education Journal, Vol. IV No. 4, 1980.The General Appropriation Act of 1980The Philippine Constitution of 1987The New Local Government Autonomy Code.