SUMMER INSTITUTES 2018

Required Preparation for

Finance in the International School

Miami: 12-18 July 2018

Download the full PDF version of the assignment.


OVERVIEW OF COURSE CONTENT

The context of the entire course will be from the perspective of the principal and will address the following:

  • Basic accounting principles – Balance sheets, operating statements and cash flow
  • Financial controls
  • Strategic & financial plans
  • Cash and foreign exchange management
  • Staff compensation structures and comparisons
  • Scholarship programs and fund raising
  • Risk assessment
  • Finance expectations for accreditation
  • School governance and finance

Increasingly, schools are being run as 'for-profit' enterprises, and you will all find yourselves in this type of school in the years ahead - if you are not already in one. While ensuring that you will have an understanding of finance, the course will also enable you to discuss the differing dynamics between 'not-for-profit 'and 'for-profit' schools.

LEARN MORE ABOUT COURSE CONTENT


BRING

FAMILIARITY WITH SPREADSHEETS
A significant part of the course will be devoted to learning how to set-up a Long Term Financial Plan and will require basic knowledge of how to use a spreadsheet.  Expert knowledge is not required, but you must know how to perform the four basic arithmetic functions: use simple formulas to sum, average, countif (a function in Excel), etc. and learn how to copy formulae to do repetitive calculations. Click here for an Excel tutorial.

AN ANSWER TO THIS QUESTION
What are the top 2-3 questions or concerns at your school regarding finance? If you are a business manager or other leader and already knowledgeable about these matters, just come ready to share.  If you are not, interview the business manager or responsible leader at your school and again be ready to discuss.

BRING (or be able to access on your laptop)

  • A copy of your school mission.
  • A copy of your current school budget (or summary).
  • Summary of salary and benefits package at your school.
  • A copy of the most recent audit of your school. (NOTE – budgets and audits contain confidential information.  Consult with your school director or business manager and conceal information which should not be disclosed.  Adjustments will be made if your school is unwilling to share any of these documents.)

PREPARE

AN ISSUE OR PROBLEM
In preparation for the small group sessions in the afternoon, please bring a written (one page) case study or example, dealing with a financially-related problem or situation you have confronted during your professional practice. Your case study should be uploaded to Schoology by 1 July 2018.

WATCH
A short video to prepare for your course.

BRING A LAPTOP (REQUIRED)

  • Your course materials are digital. Hard copies of the materials will not be available on site.  Bring a laptop computer with appropriate adapters and wireless internet capability. Click here for more information about iPads and tablets. Chromebook users can use the free Kami extension to annotate.
  • Download Adobe Acrobat Reader DC now in order to be able to access your materials properly.

JOIN Schoology
...your required online portal for everything related to your PTC course, including all necessary course materials, which will be available about 10 days prior to the start date of your course.

Use the access codes from the PDF to join your course page and group page in Schoology. You need to join both pages for full access.


UPLOAD

A spreadsheet of your own to Schoology. Upload it to the folder named Pre-Course Assignment under Resources (located on the left of the screen on the Finance group page).  For example you could prepare a budget for your personal food and entertainment for the next six months and then record your actual expenditures for the three months preceding the course to see how accurate your predictions are.


We look forward to seeing you this summer!
 

John Sperandio and Richard Tangye