sec371 | undergraduate

Finance And Budgeting Practices

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This course provides the student with an understanding of the various elements of a program budget and the process of budget development, justification, and presentation. Special emphasis is given to these procedures, practices, and liabilities in relation to security-oriented environments.

This undergraduate-level course is 5 To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5

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    Budget Preparation, Justification, and Management

    • Describe the principles of cost versus benefit analyses and their application within the context of security management.
    • Discuss security negligence (deliberate indifference), evaluate legal liabilities associated with improper or inadequate security measures, and review criminal and civil cases involving security culpability.
    • Evaluate program fiscal requirements in the context of organizational budgetary priorities and parameters.
    • Identify the principles of expenditure justification for security operations.
    • Discuss the principles of internal control and auditing.
    • Explain the dynamics and criteria involved in presenting a budget.

    Purpose and Types of Operating Budgets

    • Discuss the purpose and functions of budgeting.
    • Identify the types of budgets and the application to security management.
    • Identify the items incorporated into an operating budget.
    • Describe the variety of methods for tracking expenditures, as well as the issues and problems with monitoring expenses.
    • Examine security metrics and performance goals and objectives.
    • Explore program evaluation procedures and testing methods for security management.
    • Discuss the concept of return on investment (ROI) as applied to security management, and evaluate the correlation between effective security and corporate budget.

    The Budget and Security Management

    • Analyze the preparation of a budget for security facility management, responsible duties, and key participants.
    • Identify and describe budget line items for security facility management.
    • Evaluate cost-benefit factors associated with accepting and transferring risk in relation to security threats.
    • Evaluate the concept of risk management and the financial pros and cons associated with a security assessment.
    • Examine the benefits of security to include shrinkage control, restitution recovery, fraud management, and deterrence.
    • Identify facility maintenance factors, budget risks associated with hazards, and the duties and responsibilities of security management to prevent or mitigate accidents.
    • Discuss cost and benefit factors associated with fire protection, inclement weather training and safety systems/procedures.

    Budget Issues Associated with Contract and Proprietary Procedures

    • Evaluate the advantages and disadvantages of contracting security services (i.e., outsourcing) rather than establishing a proprietary security unit.
    • Discuss the limits of operational control of contracted versus proprietary employees of an organization.
    • Describe liability issues as they relate to contracted and proprietary employees.
    • Identify regulatory compliance issues associated with contracted personnel.
    • Determine the important elements of a contract for security services.
    • Evaluate the responsibilities of the contractor and those providing contracted services.
    • Evaluate training costs associated with contract and proprietary security.

    Budget Issues: Human Resources and Security Management

    • Assess the Fair Labor Standards Act (FLSA) and its application to security personnel.
    • Identify the FLSA exempt and non-exempt employee compensation and overtime regulations.
    • Describe the methods for determining compensation benefits and wage levels for security personnel.
    • Detail the cost factors of employment benefits.
    • Assess internal conflicts, ethical dilemmas and associated liabilities in relation to human resources and security management departments.
    • Compare and contrast the value of electronic technology in relationship to the use of human resources for access control, surveillance, and identification of authorized personnel.
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    Teacher Rate: For some courses, special tuition rates are available for current, certified P-12 teachers and administrators. Please speak with an Enrollment Representative today for more details.

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    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.