The complete course is three weeks, from October 9 - 26, 2018.
The class is conducted in a Learning Management System, which places greater responsibility on the learner than other traditional professional development programs. Classes are conducted asynchronously, so there is no single time each week when participants are required to be online. However, participants should commit to spending approximately 4 hours on the class each week.
Coursework and assignments for each week open on Monday morning, and should be completed by the following Sunday evening. Grace periods are given, but interaction is more effective when the entire class is working on the same topic. Participants will connect and collaborate with each other through several forms of interactive media, including short videos and discussion boards.
A registrant interested in obtaining a Certificate of Completion for a course must complete the program and earn the Course Completion badge. A certificate will only be issued to a registrant who has earned this badge.
Week 1: Understanding the Fundamental Drivers
What are the financial drivers at your school? How should the allocation of existing and new resources reflect the school’s mission?
Participants will learn the important figures underlying the revenue side of the equation, including development and admission office activities, and gain an understanding of enrollment and financial aid, including net tuition revenue.
On the expense side of the equation, focus will be placed on personnel costs including salaries and benefits, class sizes and faculty-student ratios. Participants will also learn how to read financial statements and strategize around school finances.
At the end of each unit, participants will have an opportunity to check their understanding of course content and apply it to their specific school.
Week 2: The Environment Our Schools Operate Within
Participants will study the environment in which schools operate and the levers that schools can employ effectively in their environment. Levers include: indexed tuition, tuition discounting, strategic investments in marketing, new staffing models and endowment spending. The class will also cover current hot topics and encourage discussion.
Week 3: Bringing It All Together & Thinking About Your Roles
Participants will consider how different school offices can work together to create a brighter financial picture for a school. Participants will hear from a panel of experts in the fields of enrollment, governance, business operations and advancement. Participants will also reflect on their experience in the course and set personal goals for the future.
Participants will learn how to ask key questions to get the information they need from their budgets and financial statements. They will learn about the many roles the CFO and business office must play in managing the day-to-day and long-term interests of the school.
Credit Hours: 9
Activity # 18-WV7XE
Category: Business Acumen
NBOA is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). This program is valid for 9 PDCs. For more information about certification or recertification, please visit www.shrmcertification.org.
Credit Hours: 9
Activity ID: 361471
NBOA is a recognized provider of recertification credits. HR Certification Institute® pre-approved this program for 9 HR Business credits towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification.