Long-Range Financial Modeling: Course Details


Fall: The complete course is three weeks, from October 2 - 20, 2017.
Winter: The complete course is three weeks, from January 16 through February 2, 2018.

The asynchronous class is conducted on the Haiku Learning Management platform, and requires a willingness to experiment with new applications of technology and 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 2-4 hours each week the class is in session.

Coursework and assignments for each week open on Monday morning, and should be completed by the following Sunday evening. Grace periods may be given during the course, but the learning is more effective when the entire class is working on the same activities at the same time. Participants will have the opportunity to connect and collaborate with each other through several forms of interactive media, including discussion boards.

Certificate of Completion

A registrant interested in obtaining a Certificate of Completion for a course must complete the program and earn the Course Completion badge in the Haiku Learning Platform. A certificate will only be issued to a registrant who has earned this badge.

Course Description

Week 1: Introduction to Long-Range Financial Modeling

Learn about the benefits of financial modeling and the genesis of NBOA's tool. Participants will be introduced to and given NBOA's Long-Range Financial Model. To earn the badge for the week, participants are required to load their school's data into the model and upload a copy for the facilitators to review.

Week 2: Loading and Testing the Model

Developing the parameters for the assumptions you use in your model is explained this week. Participants will then use their school's data to work through an exercise illustrating how changes to those assumptions impact your school's long-term budget planning. This exercise is a requirement for participants to earn their Week 2 badge.

Week 3: Reporting from the Model

In this week, participants will learn how to use the reporting tools in the model and be given tips on how to enhance their reporting to their head, finance committee and trustees, using the data generated. To earn the badge for the week, participants may demonstrate the model to someone at their school and post a short synopsis of the meeting or they may schedule a half hour meeting with one of the instructors to have their questions answered and get assistance with customizing their model to meet their school's needs.

Tax Reform Updates


NBOA is working to update members about the pending tax reform legislation as well as to advocate for the best interest of independent schools, given that many provisions in the House and Senate bills could negatively impact our industry. Visit NetAssets.org for more information about the proposed legislation and the joint responses sent to Congress from NBOA and NAIS on behalf of the independent school community. Schools are urged to contact their representatives.