Budgeting And Financial Management In Education

1. Distinguish between education finance and financial management.
2. Discuss government and non-government sources of funding educational programs in Nigeria.
3. Explain the budget process and the various steps in the preparation of the budget.
4. Describe the various procedures of managing funds at secondary level educational institutions.
5. State the meaning and reasons for taxation.

13 weeks, about 30 hours in total. Yours will differ.

1. Week 1Module 1:

   • Unit 1: Nature and scope of Education Finance and Financial Management · 2 hours

     Define education finance and financial management.. Outline the scope of education finance and financial management.. Discuss the reasons why educational administrators should be interested in education finance..

2. Week 2Module 1:

   • Unit 2: Important Education Finance Terminologies · 2 hours

     Define finance, fund, and financial control.. Explain the importance of payment vouchers and authority to incur expenditure.. Discuss imprest, virement, and cash management..

3. Week 3Module 1:

   • Unit 3: Government Sources of Funding Educational Programmes · 2 hours

     List the sources from which government funds educational programs.. Explain how government grants constitute a source of revenue for education.. Discuss the reasons for grants..

4. Week 4Module 1:

   • Unit 4: Non-Government Sources of Funding Educational Programmes in Nigeria · 2 hours

     Give reasons why individuals, communities, and organizations should fund education.. List the non-government sources of funds.. Explain how proceeds from school activities and communities can be viable sources of funding educational programs..

5. Week 5Module 1:

   • Unit 5: Taxation · 2 hours

     Define taxation and outline the reasons for taxation.. Discuss the objections to income tax.. Explain the payment of taxes by parents..

6. Week 6Module 2:

   • Unit 1: Introduction to Budget and Budget Process · 2 hours

     Define a budget and state its purposes.. Discuss the importance of a budget.. Explain the budget process..

7. Week 7Module 2:

   • Unit 2: Preparation and Administration of Budget · 2 hours

     Identify plans involved in budget preparation.. Discuss criticisms of budget preparation practices of educational administrators.. Explain the role of the educational administrator in budget administration..

8. Week 8Module 2:

   • Unit 3: The practice of school finance · 2 hours

     Describe procedures for managing funds at various levels of education.. Explain how institutions maintain banking relations.. Define forecasting as applied to cash management..

9. Week 9Module 2:

   • Unit 4: Classification of Educational Expenditure · 2 hours

     Define educational expenditure and classify its different types.. Discuss various levels of expenditure.. State the functions of educational expenditure and explain how principals account for funds..

10. Week 10Module 2:

    • Unit 5: Finance and payroll Administration · 2 hours

      Define payroll and describe its types.. Discuss payroll procedures in secondary schools.. Explain the effect of payroll procedures on personnel relations and efficiency..

11. Week 11Module 3:

    • Unit 1: The role of Government Ministries in Funding Education · 2 hours

      Discuss the role of the federal ministry of education in funding education.. State the function of the state ministries of education in funding education..

12. Week 12Module 3:

    • Unit 2: The role of Government agencies and parastatals in funding of Education · 2 hours

      Discuss the roles of the State Primary Education Board in funding education.. State the functions of the National Commission for Colleges of Education and National Board for Technical Education in funding education..

    • Unit 3: The role of Parents and Communities · 2 hours

      Discuss the role of parents in the funding of Education.. State clearly the role of religious institutions in the funding of education.. Discuss the role of the United Nations Children's Fund in the funding of education..

13. Week 13Module 3:

    • Unit 4: Reasons for Distress in Nigerian Universities · 2 hours

      Discuss the reasons for the financial distress in Nigerian universities.. Proffer solutions for improvement..

    • Unit 5: Problems of Funding Educational Programmes in Nigeria · 2 hours

      Mention the problems of funding educational programs in Nigeria.. Discuss the problems of funding educational problems in Nigeria.. List strategies to solve the problems highlighted..