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Develop a foundation for strategic financial management
Assessment Strategies
on a written test
Criteria
you use financial management terminology
you identify characteristics of an effective strategic financial management system
you determine the difference between budgeting and financial management
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Create a budget for a meeting
Assessment Strategies
by submitting a written budget
on a written exam
Criteria
you use an electronic spreadsheet to create budget
Budget includes all expenses associate with a program
Budget includes fixed and variable expenses
Budget includes the determination of the attendance break-even point
Budget includes a registration fee that equals or exceeds the total expenses incurred for each registrant
Budget data is displayed so that the logic of how the registration fee was established is easily understood
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Determine the importance of recovering administrative overhead in a meeting budget
Assessment Strategies
on a written exam
Criteria
you identify general office overhead expenses
you estimate general office expenses
you identify tips for developing the general overhead budget
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Identify methods for administrative fee cost recovery
Assessment Strategies
on a written exam
Criteria
you determine flat administrative fee for a meeting
you determine per person variable fee for a meeting
you determine percentage of total expenses for a meeting
you identify two methods to recover general overhead expenses for a meeting
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Develop a financial management plan to manage a long-term meeting
Assessment Strategies
on a written exam
Criteria
you use an electronic spreadsheet to create a five year budget
you identify common mistakes made in developing a computerized strategic financial management system
you identify the six steps of designing a comprehensive financial management system for a meeting
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Identify the human political, organizational factors that affect the financial management of a meeting
Assessment Strategies
on a written exam
Criteria
you identify the principles for success in design of a meeting's financial management plan
you identify the principles for success in implementation of a meeting's financial management plan
you analyze the key leadership skills needed by meeting planners that work with financial management plans