EDAD 640 Administrative Finance

About the Course

Basic concepts of accounting and reporting, analysis, and interpretation of financial statements (working capital and liquidity), variance analysis of income statements and expenditure, principles of time value of money, and budgeting, an introduction to costing principles, and issues in strengthening the financial condition of an institution or a business. (Not applicable to the MBA degree).

Who Needs This Course?

• MA Emphasis in Educational Administration
• PhD -EDAD Cognate
• Professionals for continuing education
• Graduate students of other schools as transfer credit
• Professionals as a non-degree course for professional development

Time Investment

The time invested in this course is 48 hours. Students are expected to spend 12 hours/week actively learning, discussing, preparing assignments, taking quizzes/doing case analysis reports. The total learning period is 4 weeks.

Course Outcomes

After completing the course, students are expected to:

• Understand the basic concepts of accounting and be able to apply them to the accounting process in a simple accounting report.
• Read and conclude from basic financial statements
• Obtain and use financial ratios for analyzing the liquidity and profitability of an educational institution
• Understand the concept of the time value of money and how it applies to financial decision making as well as the planning process and the best practices in budgeting in the context of the SDA structure of governance, and financial policies.
• Synthesize identified financial policies from the financial statement exposure, and recommend strategic solutions in addition to the administrative finance policies

Topics to Cover

Unit 1- Introduction to Administrative Finance and the Adventist Church Structure

Unit 2- Accountability and Ethics

Unit 3- Basic Concept and Accounting System

Unit 4- Time Value of Money

Unit 5- Sinking Fund as Prudent Financial Policies

Unit 6- Capital Budgeting in an SDA Institution

Unit 7- Budgeting, Planning & Control

Unit 8- Financial Statement Analysis

Unit 9- Final Exams