4. LEARNING OUTCOMES
After the presentation colleagues will be able to:
1. Define important and related terminologies;
2. Discuss different principles of financial management;
3. Critically analyse the importance of financial management in
administration and management;
4. Analyse the difference between private and public financial management;
and
5. Explain the roles of school administrator in relation to financial
management.
5. Concerns with the
acquisition, financing,
and management of
assets with some
overall goal in mind.
Spending vs Acquisition
Saving vs Financing
Trending vs Deciding
6. Spending is the act of giving
money for goods and
services.
Types: mandatory and
discretionary.
Income should not exceed
the spending.
An asset or object bought or
obtained.
Assets are resources that you
own or you control that is
expected to produce future
economic value.
An assets can be tangible,
intangible, or fixed assets.
7. Saving is income not spent, or
deferred consumption.
It provides a safety net for
unexpected expenses.
Generally specifies low-risk
preservation of money.
Saving does not automatically
include interest.
Financing is the process of
providing funds for business
activities, making purchases
or investing.
Could also be defined as
providing money for a
project.
Would you go for saving or
financing?
8. Latest…
Currently popular or widely
discussed online, especially
on social media websites.
To show a tendency : incline
prices trending upward.
Decision-making is the process of
selecting a right and effective
course of action from two or more
alternatives for the purpose of
achieving a desired result.
Decision-making is the essence of
management.
The right to decide.
Management of Assets
9. It is the process of ensuring
that a company’s tangible
and intangible assets are
maintained, accounted for,
and put to their highest and
best use.
10. Spend less than you earn.
Put your money to work.
Understand risks.
Continuously educate yourself.
11. Needs vsWants. Know your priorities.
Organize your finances.
Limit debt to income producing asset.
Plan for the unexpected.
12. Managing financial tasks for a
company or organization, for
example, controlling the
budget, writing financial
reports, and providing money
for projects.
Financial-administration is a
dynamic process:
Preparation of the budget.
Getting these estimates for approval.
Execution of the budget.
Treasury management, i.e., safe custody of the
funds raised, and due arrangement for the
necessary payments to meet the liabilities;
Rendering of the accounts by the executive
and the audit of these accounts.
14. PUBLIC FINANCE IS THE STUDY
OF THE INCOME AND
EXPENDITURE OF THE
GOVERNMENT.
PRIVATE FINANCE IS THE STUDY
OF THE INCOME AND
EXPENDITURE OF AN INDIVIDUAL,
HOUSEHOLD OR BUSINESS
ORGANIZATION.
Private and Public Finance
15. Is an industry and business which is
owned by individual people or
commercial companies, and not by the
government or an official organization.
Schools and universities are included
Ateneo, La Salle, Saint Benilde,
Siliman University, Miriam, Philippine
Women’s University, etc…
Public enterprises are
autonomous or semi-
autonomous corporations and
companies established,
owned and controlled by the
state and engaged in
industrial and commercial
activities.
UP, PUP, PNU, Philippine
Science High School, etc…
16. similarities
Aim
Procedure to achieve the aim
Affectation from the economic
situation
Balancing the income and
expenditure
The need for budgeting
differences
Size and scale
Sources of income
Sources and size of borrowing
Accountability to public / client
Welfare principle and market
principle
17. private
To earn high profit.
To maximize the wealth of
shareholders.
Growth.
To fulfill needs and wants of the
people.
Public
To supply necessary finance for various development
programmes which are essential for the development
of the country.
To make opportunities for employment and to form a
rational society which is absolutely desired.
To make a balanced regional development by
establishing regional promotional undertakings in
less developed regions,
To use human resources and material resources in a
better way.
18. A key stakeholder in both urban and
economic development, being a
major contributor to national income
and the principal job creator and
employer.
Affect poverty reduction and drivers
of fragility and conflict such as
unemployment, exclusion and
instability.
The private sector provides around 90%
of employment in the developing world
(including formal and informal jobs),
delivers critical goods and services and
contributes to tax revenues and the
efficient flow of capital.
It will undertake the majority of future
development in urban areas.
19. Effective private sector
engagement in delivering
quality education can help the
government fill the education
demand-supply gap and
improve learning outcomes for
students. (Private Schools)
Support to various programs and
projects…private sector’s to
participation in nation-building
via the education of Filipinos.
Adopt-a-School Programme;
Abot Alam Programme;
Typhoon Haiyan Interventions
20.
21. Lack of proper planning
Unfavorable input-output ratio
Problem of raising cash
Problem in repaying debt
Problem of funding long term
incentives
Problem of budgeting
Limited or inconsistent cash flow
Not using a budget
No preparation for unforeseen expenses
Too much debt
Neglecting necessary reporting
Poor tax compliance
Not paying bills on time
22.
23. Finance Manager
As Agent of Change
As Revenue Producer
As Agent Resource Productivity
As Manager ofWaste
25. Agent of Change
Flexibility. Being open to change requires an entrepreneurial attitude
Facilitator
Prioritization
Effective Listening Skills.
Diversified Knowledge. Successful leaders avoid getting stuck in the confines
of their industry
27. As Agent Resource Productivity
Maximizing Personnel Investments (Correlated with student outcomes)
Invest in technology to increase productivity
Invest in professional development
Provide competitive teacher salaries and benefits
28. As Manager ofWaste
Reduce. Don't create waste if you don't have to
Reuse. Reuse any material or product you can before you give it
away or recycle it
Repair. Fix stuff before tossing it and buying new
Rot
Recycle
29. SUMMARY
Concerns with the acquisition, financing, and management of assets with some overall goal in
mind.
There are various sets of principles in relation to financial management that serves as a guide
in its implementation.
Financial administration is managing financial tasks for a company or organization, for
example, controlling the budget, writing financial reports, and providing money for projects.
Public Finance is the study of the income and expenditure of the government.
Private Finance is the study of the income and expenditure of an individual, household or
business organization.
A school administrator can be a finance manager, an agent of change, a revenue producer,
agent for resource productivity, and manager of waste.