Financial policy outlines rules for a school's accounting and financial practices, reflecting its values. Key topics include asset management, budgeting, and expenditures. Financial policy has several benefits, such as increasing accountability, supporting good bond ratings, and promoting strategic thinking. Financial planning and control are also important, with planning estimating capital needs and control monitoring resource usage. The school principal is responsible for overseeing financial planning and control to ensure resources are used properly.
Deloitte CFO and finance discussion documentMarc Joiner
How can a CFO think about how they spend their time, where they focus efforts, and how their Finance team can deliver value to the organization? This document can act as a framework for CFOs and Finance teams.
Balanced Scorecard, A Comprehensive Guide Upendra K
The Balanced scorecard is a management system that enables organizations to clarify their vision and strategy and translate them into action.
Provides an organization with feedback of both the internal business processes and external outcomes, which allows for continuous improvement of strategic performance and results.
Nerve center of an enterprise
The term “scorecard” signifies quantified performance measures and “balanced” signifies the system is balanced between:
Short-term and long term objectives
Financial and non-financial measures
Lagging and leading indicators
Internal and external performance perspectives
The concept of the balanced scorecard was first touted in the Harvard Business Review in 1992 in a paper written by Robert S Kaplan and David P Norton.
The paper introduced the idea of focusing on human issues as well as financial ones, and measuring performance across a much wider spectrum than businesses had done before.
Kaplan and Norton published their ideas in full in The Balanced Scorecard: Translating Strategy into Action in 1996 and it became a business bestseller.
The balanced scorecard is centered on four performance metrics or perspectives:
Customers
Internal processes
Financial
Learning and growth
When implemented properly, each one of these perspectives contains four subparts consisting of
Objectives
Measures
Targets
Initiatives
Deloitte CFO and finance discussion documentMarc Joiner
How can a CFO think about how they spend their time, where they focus efforts, and how their Finance team can deliver value to the organization? This document can act as a framework for CFOs and Finance teams.
Balanced Scorecard, A Comprehensive Guide Upendra K
The Balanced scorecard is a management system that enables organizations to clarify their vision and strategy and translate them into action.
Provides an organization with feedback of both the internal business processes and external outcomes, which allows for continuous improvement of strategic performance and results.
Nerve center of an enterprise
The term “scorecard” signifies quantified performance measures and “balanced” signifies the system is balanced between:
Short-term and long term objectives
Financial and non-financial measures
Lagging and leading indicators
Internal and external performance perspectives
The concept of the balanced scorecard was first touted in the Harvard Business Review in 1992 in a paper written by Robert S Kaplan and David P Norton.
The paper introduced the idea of focusing on human issues as well as financial ones, and measuring performance across a much wider spectrum than businesses had done before.
Kaplan and Norton published their ideas in full in The Balanced Scorecard: Translating Strategy into Action in 1996 and it became a business bestseller.
The balanced scorecard is centered on four performance metrics or perspectives:
Customers
Internal processes
Financial
Learning and growth
When implemented properly, each one of these perspectives contains four subparts consisting of
Objectives
Measures
Targets
Initiatives
Financial Management Training at Global Learning Event, Kathmandu, NepalLawrenceAkuboriCCO
Facilitation of Financial Management Training session at the 6th WORLD ASSEMBLY of the Global Campaign For Education (GCE) with support from Global Partnership For Education (GPE) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) under the Theme "Transforming Public Education Systems For Equality, Inclusion and Justice" in Kathmandu, Nepal.
The training made up a number sessions concentrated on the following areas:
1. Questions and Answers session - discussions around planning, budgeting, risk management and sustainability of National Education Coalitions (NECs) activities globally.
2. What constitutes Financial Management, elements of Financial Management, indicators of strong Financial Management, Risk Assessment/Management and Internal Control Systems (plus the Control Environment etc).
3. And the Financial Management Systems of GCE.
The main objective of the training - improve and ensure strong Financial Management Systems and Practices at the various organisational levels.
Your questions, comments and suggestions are welcomed, and these shall be incorporated into the next training session to improve and enhance Financial Management at the organisational level.
Financial Management Training at Global Learning Event, Kathmandu, NepalLawrenceAkuboriCCO
Facilitation of Financial Management Training session at the 6th WORLD ASSEMBLY of the Global Campaign For Education (GCE) with support from Global Partnership For Education (GPE) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) under the Theme "Transforming Public Education Systems For Equality, Inclusion and Justice" in Kathmandu, Nepal.
The training made up a number sessions concentrated on the following areas:
1. Questions and Answers session - discussions around planning, budgeting, risk management and sustainability of National Education Coalitions (NECs) activities globally.
2. What constitutes Financial Management, elements of Financial Management, indicators of strong Financial Management, Risk Assessment/Management and Internal Control Systems (plus the Control Environment etc).
3. And the Financial Management Systems of GCE.
The main objective of the training - improve and ensure strong Financial Management Systems and Practices at the various organisational levels.
Your questions, comments and suggestions are welcomed, and these shall be incorporated into the next training session to improve and enhance Financial Management at the organisational level.
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
Exciting job opportunity: Prodev Group HoldingsFanisi_Capital
ProDev Group Holdings is a Rwandan company engaged in activities along the maize value chain, through its two subsidiaries (Minimex SA and ProDev Rwanda Ltd). The company’s activities involve sourcing, handling, storage and milling of maize.
In the short to medium term, the company’s expansion plans will focus on engaging in activities further down the value chain, with one major engagement in animal feeds production. To ensure achievement of its plans in an efficient manner, the company requires the services of a Group Senior Financial.
Strategy, budgetary planning and expenditure managementTonderayi Chikanda
Explore how enhancing your strategic planning skills, budgetary planning and expenditure management can significantly transform your organization's effectiveness, efficiency and excellence.
Financial Management Training at Global Learning Event, Kathmandu, NepalLawrenceAkuboriCCO
Facilitation of Financial Management Training session at the 6th WORLD ASSEMBLY of the Global Campaign For Education (GCE) with support from Global Partnership For Education (GPE) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) under the Theme "Transforming Public Education Systems For Equality, Inclusion and Justice" in Kathmandu, Nepal.
The training made up a number sessions concentrated on the following areas:
1. Questions and Answers session - discussions around planning, budgeting, risk management and sustainability of National Education Coalitions (NECs) activities globally.
2. What constitutes Financial Management, elements of Financial Management, indicators of strong Financial Management, Risk Assessment/Management and Internal Control Systems (plus the Control Environment etc).
3. And the Financial Management Systems of GCE.
The main objective of the training - improve and ensure strong Financial Management Systems and Practices at the various organisational levels.
Your questions, comments and suggestions are welcomed, and these shall be incorporated into the next training session to improve and enhance Financial Management at the organisational level.
Financial Management Training at Global Learning Event, Kathmandu, NepalLawrenceAkuboriCCO
Facilitation of Financial Management Training session at the 6th WORLD ASSEMBLY of the Global Campaign For Education (GCE) with support from Global Partnership For Education (GPE) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) under the Theme "Transforming Public Education Systems For Equality, Inclusion and Justice" in Kathmandu, Nepal.
The training made up a number sessions concentrated on the following areas:
1. Questions and Answers session - discussions around planning, budgeting, risk management and sustainability of National Education Coalitions (NECs) activities globally.
2. What constitutes Financial Management, elements of Financial Management, indicators of strong Financial Management, Risk Assessment/Management and Internal Control Systems (plus the Control Environment etc).
3. And the Financial Management Systems of GCE.
The main objective of the training - improve and ensure strong Financial Management Systems and Practices at the various organisational levels.
Your questions, comments and suggestions are welcomed, and these shall be incorporated into the next training session to improve and enhance Financial Management at the organisational level.
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
Exciting job opportunity: Prodev Group HoldingsFanisi_Capital
ProDev Group Holdings is a Rwandan company engaged in activities along the maize value chain, through its two subsidiaries (Minimex SA and ProDev Rwanda Ltd). The company’s activities involve sourcing, handling, storage and milling of maize.
In the short to medium term, the company’s expansion plans will focus on engaging in activities further down the value chain, with one major engagement in animal feeds production. To ensure achievement of its plans in an efficient manner, the company requires the services of a Group Senior Financial.
Strategy, budgetary planning and expenditure managementTonderayi Chikanda
Explore how enhancing your strategic planning skills, budgetary planning and expenditure management can significantly transform your organization's effectiveness, efficiency and excellence.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2. Topics:
• Definition of Financial Policy
• Topics and Guidance of Financial Policy
• Importance of Financial Policy
• Purpose of Financial Policy
• Benefits of Financial Policy
• Importance of Financial Policy in School
• Definition of Financial Planning and Control
• Financial Planning and Control flow-chart
• Importance of Planning and Control
• How planning and control related
• Importance of planning in school
• Responsible in planning and control in schoo
4. What is Financial Policy?
• Financial policies refers to policies related to the
regulation, supervision and oversight of the
financial and payment system, including markets
and institutions (School) with the view to
promoting financial stability, market efficiency,
and client-asset and consumer protection.
5. What is Financial Policy?
• Financial policies are the rules or principles of
your business’s accounting and financial
practices. They should reflect your business’s
values and culture. Your procedures or policy are
the instructions that outline what your
employees must do.
6. Financial Policy Topics and Guidance
• Asset management
• Cost allocation
• Credit card use
• Debt Management
• Fund balance and reserves
• Investments
• Travel and expense reimbursement
Other Areas
• Accounting, financial reporting, and audits
• Budgeting (Operating and Capital)
• Capital improvements
• Procurement
• Revenues and expenditures
• Risks managements
7. Importance of Financial Policy
• Outline a clear vision of how your
jurisdiction will manage its financial
resources
• Increase accountability and minimize
confusion
• Support good bond ratings
• Reduce the cost of borrowing
8. * Purpose of Financial Policy
• Financial policies clarify the roles, authority,
and responsibilities for essential financial
management activities and decisions.
9. * Benefits of Financial Policy
• Outline a clear vision of how your jurisdiction
• Increase accountability and minimize
confusion
• Support good bond ratings and reduce the
cost of borrowing
• Promote long-term and strategic thinking
• Manage and reduce risks to your jurisdiction’s
fiscal health
• Protect staff and management
• Help your jurisdiction comply with established
best practices
10. * Importance of Financial Policy in School
• Aimed at providing educational
opportunities and providing educational
outcomes
• Provides the basis for regulating private
providers of education
12. Financial planning is the process of estimating
the capital required and determining it’s
competition. It is the process of framing
financial policies in relation to procurement,
investment and administration of funds.
What is Financial planning?
13. Financial controls are the procedures, policies,
and means by which an organization monitors
and controls the direction, allocation,, and
usage of its financial resources. Financial
controls are at the very core of resource
management and operational efficiency in any
organization.
What is Financial control?
14. • defines as a combination of strategies it
supports the entire financial management
process of an organization.
What is Financial planning and control?
16. • Importance of Planning and Control
• helps you keep track of your income,
expenses and investments
• are essentials ingredient for success of an
operation unit
• Ensures that optimum utilization of
production capacity is achieved
17. • How Planning and Control Related?
planning control
Thinking process Executive functions
Involves creative thinking,
imagination and sound
judgement
Ensures that such decisions
are converted into desired
actions
prescriptive evaluative
18. • It provides a school with a clear view of
how it intends to use its resources
• Importance of planning in school
19. • Responsible for financial planning and
control in school
• The principal/school heads has the
responsibilities to monitor whether the
groups can use the budget properly.
Editor's Notes
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