Product Description

The most current and comprehensive guidebook for improving financial performance for lifelong learning programs ever published.

New in this edition:

• Profit margins for types of programs
• Institutional overhead
• Measuring staffing costs
• What constitutes financial self-sufficiency
• A financial approach to marketing
  • and much more.

In this updated manual, you will find new and current information, plus it will be a source book for everyone in your office, including executives and decision makers.

Contents include:
Improving Financial Performance Are we making money yet? Accounting in nonprofit institutions, The only financial format to use, Ideal percent-ages, What constitutes financial self-sufficiency, Institutional overhead, Operating margins for different types of programming, Improving profit margins, Measuring staffing costs.

Financial Analysis
Levels of analysis, Variance analysis, Divisions new tool, Key formulas, Projecting income and registrations, Comparing divisions, How to analyze a course, Cancellation rate analysis, Analyzing promotion expenses, How to analyze production costs, Measuring opportunity costs, Calculating lifetime value, Financial analysis approach to marketing.

Budgeting
Good budgets: good realities, Setting up budgets, Budgeting income, Budgeting promotion, Budgeting production, Budgeting administration, Account codes. and more….

This is the only Financial Handbook available that is specific to the field of lifelong learning.  It is relevant for those conducting continuing education, community education, recreation, seminars and conferences, avocational or general interest classes, continuing professional education, and other types of open enrollment courses, classes and activities.

It will benefit professionals in colleges; universities; private, community and technical colleges; public schools; associations; recreation departments; and others