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ECED 212 - Business, Financial, and Legal Aspects of Early Childhood Program Management PREREQUISITES: Knowledge Assessment for ENGL 111 and Knowledge Assessment for MATH 123 PROGRAM: Early Childhood Education CREDIT HOURS MIN: 3 LECTURE HOURS MIN: 3 DATE OF LAST REVISION: Fall 2022
This course is designed for early childhood directors/owners, preschool directors, and family child care owners. Students should have a working knowledge of early childhood program administration including regulatory and quality requirements. Students will also need knowledge of working in computer based spreadsheet applications in order to be successful in this course. This course will aid students in skilling up in business administration including business, financial, and legal aspects of early childhood program management.
MAJOR COURSE LEARNING OBJECTIVES:
- Manage the competing interests of program quality, affordability, and business sustainability. (1d, 6a, 6b, 6c, 6d, 6e)
- Compare and contrast legal forms of business ownership; i.e., sole proprietorships, partnerships, and (C-corp, S-corp, and nonprofit) corporations. (6a, 6b, 6c, 6d)
- Apply state licensing standards as they pertain to the operation of a child care business: recordkeeping, mandated reporting, personnel policies, educational and caregiving practices, parent engagement, health and safety, and other risk management concerns.
- Apply federal and state labor laws and regulations pertaining to hiring, supervising, and compensating employees. (6a, 6b, 6c, 6d)
- Explain basic financial reports pertaining to business operations: balance sheets, income statements, and cash flow statements (6a, 6b, 6c, 6d)
- Calculate program service fees in light of budget goals, market conditions, and access to supplemental sources of revenue such as public reimbursement programs, fundraising proceeds, and philanthropic support. (6a, 6b, 6c, 6d)
- Identify grant sources and compliance requirements, and demonstrate basic grant writing skills. (2c, 6a, 6b, 6c, 6d)
- Devise, monitor, and modify an early childhood program budget to sustain desired levels of quality, (child/family) client outcomes, operational profitability, and business continuation. (1d, 2c, 6a, 6b, 6c, 6d, 6e)
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2021 NAEYC Professional Standards and Competencies for Early Childhood Educators
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STANDARD 1
Child Development and Learning in Context
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NAEYC Standards covered in this course
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INTASC Standards Alignment
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1a: Understand the developmental period of early childhood from birth through age 8 across physical, cognitive, social and emotional, and linguistic domains, including bilingual/multilingual development.
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1b: Understand and value each child as an individual with unique developmental variations, experiences, strengths, interests, abilities, challenges, approaches to learning, and with the capacity to make choices.
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1c: Understand the ways that child development and the learning process occur in multiple contexts, including family, culture, language, community, and early learning setting, as well as in a larger societal context that includes structural inequities.
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1d: Use this multidimensional knowledge-that is, knowledge about the developmental period of early childhood, about individual children, and about development and learning in cultural contexts-to make evidence-based decisions that support each child
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x
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STANDARD 2
Family-Teacher Partnerships and Community Connections
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2a: Know about, understand, and value the diversity of families.
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2b: Collaborate as partners with families in young children’s development and learning through respectful, reciprocal relationships and engagement.
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2c: Use community resources to support young children’s learning and development and to support families, and build partnerships between early learning settings, schools, and community organizations and agencies.
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x
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STANDARD 3
Child Observation, Documentation, and Assessment
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3a: Understand that assessments (formal and informal, formative and summative) are conducted to make informed choices about instruction and for planning in early learning settings.
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3b: Know a wide range of types of assessments, their purposes, and their associated methods and tools.
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3c: Use screening and assessment tools in ways that are ethically grounded and developmentally, ability, culturally, and linguistically appropriate in order to document developmental progress and promote positive outcomes for each child.
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3d: Build assessment partnerships with families and professional colleagues.
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STANDARD 4
Developmentally, Culturally, and Linguistically Appropriate Teaching Practices
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4a: Understand and demonstrate positive, caring, supportive relationships and interactions as the foundation of early childhood educators’ work with young children.
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4b: Understand and use teaching skills that are responsive to the learning trajectories of young children and to the needs of each child, recognizing that differentiating instruction, incorporating play as a core teaching practice, and supporting the development of executive function skills are critical for young children.
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4c: Use a broad repertoire of developmentally appropriate, culturally and linguistically relevant, anti-bias, evidence-based teaching skills and strategies that reflect the principles of universal design for learning.
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STANDARD 5
Knowledge, Application, and Integration of Academic Content in the Early Childhood Curriculum
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5a: Understand content knowledge- the central concepts, methods and tools of inquiry, and structure-and resources for the academic disciplines in an early childhood curriculum.
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5b: Understand pedagogical content knowledge-how young children learn in each discipline-and how to use the teacher knowledge and practices described in Standards 1 through 4 to support young children’s learning in each content area.
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5c: Modify teaching practices by applying, expanding, integrating, and updating their content knowledge in the disciplines, their knowledge of curriculum content resources, and their pedagogical content knowledge.
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STANDARD 6
Professionalism as an Early Childhood Educator
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6a: Identify and involve themselves with the early childhood field and serve as informed advocates for young children, families, and the profession.
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x
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9.a, b, c, d
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6b: Know about and uphold ethical and other early childhood professional guidelines.
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x
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9.f, j, o
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6c: Use professional communication skills, including technology-mediated strategies, to effectively support young children’s learning and development and to work with families and colleagues.
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x
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9.c, d, f
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6d: Engage in continuous, collaborative learning to inform practice.
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x
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9.a, b, c, d,
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6e: Develop and sustain the habit of reflective and intentional practice in their daily work with young children and as members of the early childhood profession.
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x
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9.f, o
2.a-b; 3.a-b; 4.a-b; 5.a-b; 6.a-b; 8.a-d
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STANDARD 7
Field Experiences
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7a: Opportunities to observe and practice in at least two of the three early childhood age groups (birth - age 3, 3-5, 5-8)
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7b: Opportunities to observe and practice in at least two of the three main types of early education settings (early school grades, child care centers and homes, Head Start programs)
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COURSE CONTENT: Topical areas of study include -
- Professionalism
- Strategic business planning Grant writing/compliance
- Current challenges in the field/industry needs
- Business models for ECE
- Funding sources
- Budget planning and management
- Legal responsibilities
- Branding and marketing in ECE
- Networking with other directors/owners
- Legal forms of business ownership
- Employment law
- Payroll practices
- Recordkeeping methods
- Breakeven calculations
GRADING POLICY 100 - 93% A
92 - 85% B
84 - 75% C
74 - 71% D
70 - 0% F
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