Strengthening Business Practices for Child Care Programs - Module II.   Financial Reports and Internal Controls

Hours: 3

Training Level: 3

Target Audience: Directors/Administrators

CDA Subject: 5

Core Content: 7

The purpose of this training is to strengthen child care providers’ foundational knowledge of fiscal terms, concepts, and practices. It encourages providers to realize the importance of fiscal planning to the sustainability of their business. It provides tips and best practices to help break down fiscal processes into manageable steps.

These trainings are intended to be one part of the learning process to build providers’ understanding of good business practices. Whenever possible, it is recommended that these trainings be supplemented with technical assistance and ongoing peer-to-peer sharing opportunities such as communities of practice.

The learning goals for this session are to:

• Understand financial reports and their use in fiscal management.
• Identify internal controls and how they can strengthen the fiscal health of a family child care program.