Leadership 101: Financial Responsibility of New Supervisors
FOUND IN: Events, Other employee event
Date
Thursday, May 18, 2023
Time
9:00am - 10:30am
Location
Online
Description
This course introduces new supervisors and managers to the financial responsibilities of university leaders. It is part of the Leadership 101 Curriculum. Topics covered include:
- What is financial responsibility
- Who the university is accountable to
- U-M’s financial structure, including a basic understanding of fund accounting
You will learn to:
- Identify a supervisor’s responsibilities for effective financial management
- Recognize U-M ‘s major revenue sources and the restrictions associated with using them
- Determine appropriate revenue sources for unit expenditures
You will benefit by:
- Gaining an understanding of effective financial management of unit/department resources and a supervisor’s responsibilities in this area
- Obtaining practice spending a budget based on revenue sources and amounts
