EDUC 6261 Walden University Assessing Financial Health Discussion

Question Description

I’m working on a education & teaching discussion question and need support to help me learn.

For this Discussion, you will take on the role of an administrator or manager in a department at an institution of higher education. First, identify your role and to whom you would ultimately report: the Vice President of Academic Affairs, Vice President Student Affairs, Vice President Advancement, Vice President Administration, Vice President Enrollment Management, or Chief Business/Financial Officer.

Then consider, based on your office or role:

How would you assess the financial health of your department?
What criteria would you use?
What data would be relevant to you?
How would you account to your supervisor as to the financial health of your department?
How do the perspectives and interests of managers in other departments compare to yours?

By Day 3

Post a summary of your thoughts on the questions above. Be sure to support your response with references to this week’s Learning Resources and personal references where applicable.

https://mym.cdn.laureate-media.com/2dett4d/Walden/…

Required Readings

Barr, M. J., & McClellan, G. S. (2018). Budgets and financial management in higher education (3rd ed.). San Francisco, CA: Jossey-Bass.

Chapter 1, “The Fiscal Context of American Higher Education”
Focus on the role of managers across the spectrum of administrative units, academic departments, and institutional types.

Gow, P. (2009). Vital signs. Independent School, 68(4), 54–60.

http://ezp.waldenulibrary.org/login?url=https://se…
Focus on the indicators which determine the financial state of an institution and the steps needed to maintain its financial health.

Scarborough, S. (2009, April) The case for decentralized financial management. Business Officer. Retrieved from https://web.archive.org/web/20161226165904/https:/…
Focus on the benefits and disadvantages of centralized vs. decentralized management systems.

Required Media

“Determining Financial Health” Larry Goldstein and John Palmucci discuss variables that determine and reflect on the financial health of an institution and a department.
Focus on what those variables are at both the micro level of the department and the macro level of the institution.

“Financial Management Roles in Higher Education” Click on the icon at the center of the multimedia piece and navigate through the organizational chart, listening to John Palmucci describe the roles and responsibilities of the various decision makers.
Focus on their management roles and responsibilities and how the management size and structure affect levels of accountability, the extent to which a system is decentralized or centralized, and the flow of information.

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