eCPD Resource Package, Finance
Childcare
1 Finance
Children & Young Peoples Workforce eCPD Resource
This activity will take place towards the end of your placement. You will be supporting the manager with financial activities within the nursery. This will support you in understanding how the setting is run. You will need to: • Calculate how much money you have left over • Identify tens, hundreds units to ensure accurate money management Once you have completed the task, discuss this with your workplace mentor.
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Equipment It would be useful to have the following: • A calculator • A pen, pencil and eraser
Equipment Learning
There is a section at the back of this booklet for any notes you want to make. Learning In this task you will be covering the areas detailed below. Children and Young Peoples Workforce: • Nursery management support • Supporting healthy well being Functional skills Mathematics: • Subtraction • Addition • Identifying the unit number There is page at the end of this section to make notes.
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Task 1
Refer to the setting’s good practice in supporting individuals with financial issues. Summarise your findings.
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Summary
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Task 2
You have been asked to go the bank to deposit ÂŁ18.27 for a late payment from a parent; you need to write this out correctly below.
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Task 3
You have been given the task of
With the money you have left over, the
purchasing snacks as the delivery has
manager has asked you to pick up a cake
been delayed. You need to monitor your
for a staff member’s birthday as a treat.
spending and have been given £80.
Please work out how much you have left
You have been given a list of items to purchase for all the children in the nursery.
after purchasing the cake at £5.99 (Show calculations on the next page)
Crackers at £21.57, cheese spread for £10.28 and bananas for £12.22. Please work out the calculations. Work out the amount left after purchasing all these items. 6
Calculations
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Task 4
You arrive back at the nursery and you are supporting the manager to put the money away in their petty cash tin. There is ÂŁ32.24 in the tin already. Add the money left over. How much is now in the tin?
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Task 5
Underline the digit for the hundreds and write this out in words, when you are looking at the incomings and outgoings of the nursery you will need to record this correctly. £127…………………………………………………………………………………… £233………………………………………………..…………………………………… £2345.……………………………………………………………………..………… £4,444……………………………………………………………………………… £321.24 ……………………………………………………………………………….. £1030.05………………………………………………………………………………...
£122,872.34……………………………………………………………………… 9
Notes
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Childcare, Finance eCPD Resource
These resources have been produced as part of the Traineeship Staff Support Programme commissioned and funded by The Education and Training Foundation. Find out more on the TSSP website: www.traineeship-staff-support.co.uk
Š In Touch Care
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