University:
California State University, Los Angeles
Course:
ELPS 650 | Contemporary Administrative Leadership
Academic year:

2024
Views:

352

Pages:

3
Author:

Mina M.

Education Management Strengthening Initiative: Managing For Quality CHAPTER 2 PARTNERSHIP AND MANAGING FINANCE Reason : EMSI's Leadership and Managing School Improvement module emphasizes the importance of educational managers cultivating and maintaining effective partnerships. A manager who does this gets support from their colleagues and other educational stakeholders- and no longer works alone! Financial management is one of the most visible ways in which people judge a manager's performance, especially at the school level. This session discusses the principles of transparency and accountability that underlie this entire module and which should form the basis of all practice in Financial Management. Objective: After completing this session, participants are expected to be able to: Articulate how effective partnerships can support and improve financial management. Define and apply the terms ‘Accountability’ and ‘Transparency’ and appreciate their importance. State the basic rules and practices of financial management. Designing strategies to encourage community participation in financial management. Duration: 45 minutes A. Introduction : Good financial managers maximize the efficient use of financial resources to improve student education. Therefore, financial planning and management must be closely linked to overall school improvement planning and implementation. Involving others in the planning and implementation of educational improvement activities is an important strategy. Therefore, it is important for a manager to be able to encourage active participation in aspects of financial management. Good financial management certainly requires technical skills. Beyond skill, however, it also requires high ethical principles. There are two principles that need to be considered, as follows: 1) Principle of Accountability Effective accountability first and foremost requires keeping good documentary records of the money or other resources in your care. However, accountability is more than that. It also means being able to explain the reasons for actions and taking responsibility for those actions. 2) Principle of Transparency This term refers to being honest and open in actions and explaining to others what the individual/team did and why that person did it. Transparency practices build trust and encourage partnerships. B. Independent Financial Management Transparency (15 minutes) Work individually. The following self-assessment will test the quality of your own working methods. It can also help you to identify areas of strength and areas that need further development. Be honest as you reflect on the following statements. For each statement, choose one of the following: 1 = Never 2 = Occasionally 3 = Often 4 = Always. Add your score. View analytics to see how you scored. 16-31: You're not keeping up with the pace. Look for ways to update your skills 32-47: Some of your qualities are good so concentrate on improving the weak 48-64: This is very good, but don't get complacent!. If time permits, discuss in plenary which statements best illustrate the principle of accountability and which best illustrate the principle of transparency.