2018 dates TBC
Given the decrease in funding for the sector, managing budgets within a tertiary education context brings particular challenges and requires a unique understanding of how organisations operate and the financial systems which support their activities.
This program provides an opportunity for those responsible for managing financial resources to enhance their understanding of financial systems, tools and processes, and optimise their use in improved management and strategic planning. Tailored to the tertiary education environment and utilising a series of related case studies, the program's sessions will relate back to participants’ individual situations and responsibilities.
Upon completion participants will leave with a greater understanding of how various financial decisions impact on departments, faculties and the organisation. Put simply, this course is a finance course for non-finance people.
Who should attend?
Administrative, academic and senior staff in tertiary education institutions with budget and/or resource management responsibilities, including those who wish to be able to communicate more effectively with their financial specialists.
The above include, but are not limited to, those in roles such as Finance Officer, Manager or Director; Resource Officer, Manager or Director; Planning Manager or Advisor; Business or General Manager; Head of Department; Head of School and Dean. Or those on academic levels C, D and E or professional HEW levels 8, 9 and 10+.
2017 fee is A$1,800 (A$1,980 inc. GST).
This program will explore:
- overview of tertiary education finances;
- overview of finance as a discipline;
- key revenue and cost drivers in the education sector;
- the interaction between strategy and finance;
- cost allocation methods;
- how fixed and variable costs considerations help to cope with uncertainty;
- different budgetary techniques;
- key financial performance indicators for this sector;
- alternative capital budgeting techniques;
- performance reporting systems: linking finance with strategy; and
- understanding financial statements.
Participants will gain a practical understanding:
- of the role of financial functions in the education sector;
- how to enhance their revenues, how to allocate and control costs;
- the development of relevant financial indicators;
- how to determine the financial feasibility of academic programs; and
- the importance and relevance of annual reports.
Enquiries and more information
Please direct further queries regarding the program to Dina Uzhegova or call +61 3 8344 4605.