Strengthen projectize financial resource and use finance invested in high school in education in Hoa Binh province

Adhering to the directive of the Party, in recent years investment and use of financial resources for Hoa Binh High School education was planned, but it was not sufficiently balanced or strong. Therefore, identifying project-oriented financial resources and finding finance capital to invest in Hoa Binh High School education is necessary.
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Strengthen projectize financial resource and use finance invested in high school in education in Hoa Binh province JOURNAL OF SCIENCE OF HNUE Vol. 57, No. 1, pp. 76-80 STRENGTHEN PROJECTIZE FINANCIAL RESOURCE AND USE FINANCE INVESTED IN HIGH SCHOOL IN EDUCATION IN HOA BINH PROVINCE Phan Van Sy Hoa Binh Education and Training Department E-mail: phanvansysgd@gmail.com Abstract. Some believe that before any activity can achieve results there must first be advanced planning. Management of financial resources invested in education is no exception to that rule. Thist is the key that can solve all other issues. While the budget for high school education in Hoa Binh Province has expanded in recent years, the planning for the use of those funds for high school education in the province has been frought with problems. Therefore, improving the planning regarding the budgetary funds used for high school education in Hoa Binh Province is of significant importance. Keyworld: finance invested, education, financial resources, High School.1. Introduction In the second convention, the central board of course VIII of the VietnamCommunist Party affirmed: “Education and training are the nation’s priority” and“We are motivated to developing education and training to further industrializationand modernization. This is necessary to develop people, develop society and increasethe economy quickly and stabily”. Adhering to the directive of the Party, in recentyears investment and use of financial resources for Hoa Binh High School educationwas planned, but it was not sufficiently balanced or strong. Therefore, identifyingproject-oriented financial resources and finding finance capital to invest in Hoa BinhHigh School education is necessary.2. Content2.1. Projects to secure financing and using capital invested in high school education in Hoa Binh Province.76 Strengthen projectize financial resource and use finance invested in high school...2.1.1. Objectives When a development plan is made, future financial needs are predicted. Suchhas been the case with educational needs in Hoa Binh Province. In order to planfinancial management plan for schools, past receipts that show the record of expen-ditures must be reviewed. Identifying the nature of the project is also necessary before a plan can bemade. This addresses management. Managers need to have a common sense of di-rection and all managers should be encouraged to take part in creating the plan anda system that will support the plan. Planning future financial expenditures will likely increase productivity, avoidwaste and investment losses, and avoid contractdict redundant expenditures. Falsereceipts which do not represent actual expenditures drain money from the educa-tional system. Expenditures that are made without receipts are an unaccountabledrain of capital, but such expenditures are usually subsidzed. A project that willfocus on finances is to maintain a balance between receipts and expenditures toprevent financial losses. Having a financial plan when running a high school and managing expenditureswell will insure that students, teachers and managers can benefit as expected and theeducational environment can be improved. Financial accountability is necessary toraise educational quality and results. Making use of such a plan in the high schoolswill result in more funding being made available for high school education. Goodmanagement is necessary to develop education, along with a financial strategy whichwill compliment the high school education development strategy. This will involveParty and government policy, central to local management cadres and the managersof Planning and Investment, Finance, Education and Training. Those who take partin plan formulation must be charitable, visable, and understand the high schooleducational stystem range, including the financial aspects, to to advise leaders whowill make the management and finance decisions.2.1.2. Content The making of a plan to manage finances also requires capital. Just as schoolactivities should follow an exact schedule, so, too, should receipts and expenditures.The two need to be synchronous. If the two do not balance, the aims of school willnot be achieved and considerable waste will occur. Planning this form of financial management starts with a prediction of thefinancial needs of education. Each program, each action should be accounted forand set within a timeframe. Managing education finances is related to educationaldevelopment, creating a team of teachers and supplying school materials. They are 77 Phan Van Syall related to the financial plan which is to improve financial management in theeducation system. For this to be done, management itself in schools needs to be make a projectwhich is funded. Managers will need to ascertain the validity and time of receipts,keep good expenditure records, insure that operations are lawful and balance thebooks. The most important job of high school financial managers in Hoa Binhprovince is to rebuild bad classrooms and high schools as is proscribed in the plan.The needs of the teachers and students in high schools must be known. Time andmoney must be spent wisely and in a manner which suits the practice and aptitudeof the school system according to the plan.2.1.3. Following through Step 1: Create a plan * Appraise the situation: + Examine the high school financal plan of the Education and Training De-partment and determine what successes have b ...