sec371 | undergraduate
Finance And Budgeting Practices
This undergraduate-level course is 5 weeks To enroll, speak with an Enrollment Representative.
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Budget Issues Associated with Contract and Proprietary Procedures
- 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.
- Evaluate the advantages and disadvantages of contracting security services (i.e., outsourcing) rather than establishing a proprietary security unit.
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.
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.
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