Open Programmes Governance and Leadership
MANAGING SCHOOL FINANCE IN TOUGH ECONOMIC TIMES

Managing School Finance in Tough Economic Times is a well-planned course created by TL First Leadership professionals to integrate the domains of business and education with the goal of educating
participants with expert skills and knowledge to enhance income while limiting revenue leakages in daily operations management of their schools.

This course combines the best practices in financial management with world-class teaching by utilizing case-based examples and proven theorems in school and organizational management to be delivered on a learner-centred basis while providing tailored professional advice to each participant’s concerns.

Programme Objective

The course shall train the participants with the skills to :

1. Understand COSO Enterprise Risk Management (ERM) Framework and a Study of ERM in the school
   context
2. Analyse financial reports to obtain a better understanding of the financial outcomes, profitability,
   financial viability, and potential cash return generation of the school.
3. Understand fraud risk, including how it occurs, why it occurs, and how to effectively avoid it in their
   schools.
4. Design effective strategy to improve efficiency and maximise profit
5. Manage school through the lens of business

Programme Modules

1. Adaptive Management in tough economic times: Learn how to execute programs that leverage opportunities to learn from experience and the country’s economic circumstances to progressively enhance your school’s management procedures.
2. COSO Enterprise Risk Management (ERM): Learn how to identify problems, determine their causes, incorporate Innovation, and improvement across the board in your school and design an effective financial management strategy.
3. Generating income and maximising funds: Learn how to create a consistent income generation strategy, understand what the school’s financial goals are, and create an organized program to meet those goals.
4. Leading Innovation In School: Set your organization on a road toward strong new ideas that will keep the school operating at peak efficiency while attaining optimal outcomes with little resources.

Programme Outcomes

At the end of this training, participants will be equipped with the skills to:
• Adapt to and advance with the country’s economic developments.
• Use the COSO Enterprise Risk Management (ERM) Framework idea in school management.
• Have a better knowledge of their schools’ financial management while reducing income losses.
• Protect their schools from any fraud threats.
• Increase the efficiency of the school’s day-to-day operations.

Target Participants

Proprietors, Head Teachers, School Principals, School Board Members, and Executives of the Parent Teacher Association.