In this two-week course, look at the value of using financial reports and internal controls to make informed financial decisions. Explore the financial reports important to child care programs such as income statements, balance sheets, and cash flow statements. Learn to identify internal controls and how they can strengthen the fiscal health of the child care program. Then, begin to create some of the fiscal reports covered in the course. This two-week course includes both online and offline work. During the first part, learn about the various financial reports and ways to establish internal controls. During the section part, begin to apply the financial record information to create an income statement and one other report. Strengthening Business Practices Extended: Financial Reports and Internal Controls is the second course in a series of four courses and was adapted with permission from the National Center on Early Childhood Quality Assurance’s Strengthening Business Practices modules. It is recommended to complete Strengthening Business Practices Extended courses in order but is not required to do so.
This course is appropriate for family child care program owners and center-based program administrators.