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Post-graduate Diploma in Educational Management and Leadership – Research Contents
POST GRADUATE DIPLOMA IN
EDUCATIONAL
MANAGEMENT AND
LEADERSHIP
RESEARCH CONTENTS ON THE
FOLLOWING MODULES
Financial Decision Making
Governance in Education
Principles of Educational
Management
Using Information Technology
NOTE:
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, Post-graduate Diploma in Educational Management and Leadership – Research Contents
MODULE: FINANCIAL DECISION MAKING
TABLE OF CONTENTS
Introduction and Discussion (School Finance Manager)……………………………….4
The skills/functions of School Finance Manager………………………………………...6
Conclusion………………………………………………………………………………….12
Introduction and Discussion (Covid-19 Challenges and Restrictions on school
finances)…………………………………………………………………………………….12
Challenges and Restrictions School Finances Suffered as Result of Covid-19…….12
Conclusion………………………………………………………………………………….13
Introduction and Discussion (Petty – Cash)…………………………………………….13
Types of School Petty Cash Controls……………………………………………………15
Conclusion………………………………………………………………………………….17
Introduction and Discussion (School Treasurer)………………………………………..17
The role and Responsibilities of a School Treasurer…………………………………..18
Conclusion………………………………………………………………………………….21
Introduction and Discussion (Tuck – Shop)……………………………………………..22
General controls necessary for controlling a school Tuck-Shop……………………...23
Conclusion………………………………………………………………………………….24
Introduction and Discussion (S.A Schools Act 84 of 1996 of school fees)…………..25
Stipulated requirement according to the Act…………………………………………….27
Conclusion………………………………………………………………………………….28
Introduction and Discussion (Assets and Fixed Assets)……………………………….28
2|Page
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, Post-graduate Diploma in Educational Management and Leadership – Research Contents
Techniques to ensure proper control over fixed assets of a school………………….31
Conclusion………………………………………………………………………………….38
Introduction and Discussion (School finance records)…………………………………41
Types of School Finance Records……………………………………………………….41
Conclusion………………………………………………………………………………….42
, Post-graduate Diploma in Educational Management and Leadership – Research Contents
Introduction and Discussion
Financial managers perform data analysis and advise senior managers on profit-
maximizing ideas. Financial managers are responsible for the financial health of an
organization. They create financial reports, direct investment activities, and develop
plans for the long-term financial goals of their organization and in this case the
managing the health of school finance.
Financial managers keep a business or an organization's finances on track, and
school financial officers do the same thing for a school, whether it is a large
university or a local public school district. The minimum education level required for
school finance officers is generally at least a bachelor’s degree in accounting,
business administration or finance. In many cases, school boards employ finance
officers and designate their duties.
A school finance officer updates financial records by documenting each transaction,
and processing invoices and orders. The finance officer may also ensure that the
school's accounts conform to standard principles of governmental accounting and
regulations from a local government. Preparing and filing reports that highlight the
school's financial conditions are also a school finance officer’s duty.
Cash Management
Many schools are income-generating businesses like any other, requiring a finance
officer to control and manage the money it generates. The officer oversees the
money that comes in and out of the school by monitoring financial distributions and
investments. The finance officer might determine whether the school should use its
cash reserves or obtain loans for purchases or investments.
Implement Cash Management Strategies
Cash management is a practice of ensuring that business money is properly used
and accounted for. A school financial officer does this by administering and
controlling school funds. The finance officer analyses the school’s operations,
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