Helping New Principals Understand Their Financial Responsibilities


New principals typically have had plenty on-the-job training associated with curriculum, instruction and discipline.  However, they often lack financial knowledge even though they are responsible for managing their budget and activity funds. This five-part course will teach school business officials  how to develop a partnership with their new school principals through a year-long financial training program that will help new principals understand their financial responsibilities. This micro course contains five nano modules. Each module is worth 0.2 CPE credits.


You will earn 0.2 credits for each of the 5 nano learning modules in this Micro Learning Course. Certificates will be issued individually upon successful completion of each nano module.

ASBO Micro Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Field of Study:

Finance (for all modules)

SFO Domain:

Financial Planning and Analysis (for all modules)


None (for all modules)

Advanced Preparation:

None (all modules)

Program Level:

Basic (beginner) for all modules

Delivery Method:

Online Learning


You will have 90 days to complete this course that begins from the date of purchase



Nano Module 1: Developing a Partnership with New Principals

New principals bring wide skillsets into their new roles; however, they also face new challenges they may have never experienced before—including dealing with finances.  In this module, you’ll learn how an early partnership between new principals and school business officials can benefit the district.  0.2 CPE Credits

Learning Objective:

Participants will be able to:

Understand the importance and benefits of forming a partnership with new principals.

Nano Module 2: Types of Recommended Training for New Principals

In this module you will explore several ways to form partnerships with new principals through “boot camps,” financial-focused training, and scheduled touchpoints. 0.2 CPE Credits

Learning Objective:

Participants will be able to:

Define the types of training that can benefit new principals.

Nano Module 3: Financial Topics to Review with New Principals

Covering topics when they are most relevant to new principals is a crucial element to a successful training partnership. This module will explore various key topics to share and when to share them.   0.2 CPE Credits

Learning Objective:

Participants will be able to:

Understand the monthly topics that are beneficial to new principals.

Nano Module 4: Potential Red Flags and Risk Management

This module covers common risk areas new principals should be aware of among financial secretaries, teachers and sponsors, and PTOs and booster clubs. 0.2 CPE Credits

Learning Objective:

Participants will be able to:

Identify potential red flags a new principal should be aware of to minimize risk exposure.

Nano Module 5: Activity Fund Sponsor Training Tool for New Principals

This module will focus solely on sponsor training areas including guidelines, responsibilities, cash receipts, online sales/fees, sales taxes, and more.  0.2 CPE Credits

Learning Objective:

Participants will be able to:

Learn how to develop a tool for new principals in order to train activity fund sponsors.