Strengthening Business Practices: Module 2 – Financial Reports and Internal Controls

Strong financial management is essential for the sustainability and success of childcare programs. This training is designed to enhance providers’ foundational knowledge of fiscal terms, concepts, and best practices. Participants will explore the importance of financial planning, gain insights into key financial reports, and learn how to implement internal controls to safeguard and strengthen their program’s financial health. Through practical strategies and real-world applications, this course empowers providers to make informed financial decisions that support long-term stability and growth.

Course Objectives:
By the end of this training, participants will be able to:

1. Understand Key Fiscal Concepts – Define and apply essential financial terms and principles in childcare business operations.
2. Recognize the Importance of Fiscal Planning – Learn how proactive financial planning supports the sustainability and growth of childcare programs.
3. Analyze Financial Reports – Identify and interpret key financial documents to track, manage, and improve program finances.
4. Implement Internal Controls – Understand the role of internal controls in preventing financial mismanagement and ensuring fiscal responsibility.
5. Strengthen Program Financial Health – Apply strategies to enhance financial stability and operational efficiency within childcare programs.

This course provides essential financial knowledge and tools to help childcare providers confidently manage their business finances and ensure long-term success.

Training Level: 3

Training Hours: 3

Core Content: 7

CDA Content: 5