BUS 6202 - Finance and Accounting-Education Leadership

3 lecture hours 0 lab hours 3 credits

Course Description
In this course, students will cover key financial concepts, identify the financial decisions confronting school districts, and learn to analyze a district’s status using financial tools and techniques. Accounting methods used in the public and private sector, as well as key financial statements, are presented. Program and organizational budgets and the budget process are included, as well as the evaluation of spending proposals. Students also learn the role of financial planning in an organization’s strategic planning process. (prereq: none)

Course Learning Outcomes
Upon successful completion of this course, the student will be able to:

Assess alignment of annual organization budget with strategic priorities
Describe the basic financial decisions confronting organizations
Evaluate spending proposals utilizing financial tools and techniques
Monitor and report resource expenditures against budget
Interpret the three key financial statements used by most organizations
Describe relevant data, data sources, data access techniques, and reporting practices within a given organization
Present a budget proposal based on your A3 that outlines a solution to a problem that is persistent within your current building

Prerequisites by Topic

None

Course Topics

Understanding Wisconsin School Finance Game
State revenue limits
Other sources of revenue
Budget
Process/strategies
Cycle
Examination of budgets
Coding expenses/revenues
Purpose
Amount of detail needed
Accounting entries
Financial statement
Development
Review
District fund balance - correlation to financial statements
Staff planning
Salaries
Benefits
Retirement
Capital projects
Referendum
Debt procurement/costing
Risk-potential affects
Purchasing process: start to finish

Coordinator
Dan Pavletich

Announcement

The Raider Return

Milwaukee School of Engineering

Connect With MSOE

BUS 6202 - Finance and Accounting-Education Leadership