Fundamentals of Financial Management for Archivists

Certificate Eligibility: 
N/A
Credits: 
5 ARC, 0.75 CEU
Length: 
1 day
Format: 
In-Person
Max Attendees: 
25
Tier: 
Transformational
Description: 

Successful archives don’t just happen—they are made. A vital part of that success is managing the archives’ financial environment. Most archivists receive little formal training in financial management. This course provides basic knowledge and skills needed for an archivist to become a confident financial manager.

Learning Outcomes: 
Discuss the basic terminology of financial management
Assess budgets and key financial statements
Evaluate services and performance
Make sound financial decisions based on reliable financial data
Communicate financial information to others including your staff, board, or external stakeholders
Who Should Attend?: 

Archivists and others responsible for ensuring the financial well-being of their organizations or projects; although the accounting segments will be geared toward nonprofit archival organizations, archivists from other organizations will also benefit from the course

What You Should Already Know: 

Basic knowledge of Excel spreadsheets is recommended; course exercises are developed for Excel 2003

A&D Core Competency: 
4. Management: Demonstrate ability to manage physical and intellectual control over archival materials.
Reviews: 
Most valuable aspect: “Financial terminology and concepts such as 'discount rate' and 'present value', etc.”
“A number of practical exercises allowed for a more complex understanding of theoretical concepts.”
“The exercises were quite helpful. Doing these with real-life situations was the most helpful.”
Co-Sponsor Provides: 
  • Classroom: 6-foot tables with two chairs each or 8-foot tables with three chairs each
  • Table, chair, and lectern for instructor
  • Instructor workstation (a PC or laptop that has a USB port, runs standard MS Office software, and has PowerPoint)
  • LCD projector and replacement bulb for the LCD projector
  • Projection screen
  • Clicker for the PowerPoint slideshow, if possible
  • Lapel microphone
  • Flip chart, easel, and markers
  • Coffee/tea/water for morning break
  • Water/assorted soft drinks for afternoon break