eCPD Resource Package, Finance

Childcare

Finance1

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 the tens, hundreds units to ensure accurate money management

Once you have completed the task, discuss this with your workplace mentor.

Children & Young Peoples Workforce

eCPD Resource

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Equipment

Learning

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Equipment

It would be useful to have the following:

• A calculator• A pen, pencil and eraser

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.

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 £18.27 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 purchasing the snacks as the delivery has been delayed. You need to monitor your spending and have been given £80.

You have been given a list of items to purchase for all the children in the nursery. 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.

With the money you have left over the manager has asked you to pick up a cake for a staff members birthday as a treat. Please work out how much you have left after purchasing the cake at £5.99

(Show calculations on the next page) 

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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 £32.24 in the tin already, you 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………………………………………………………………………

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Notes

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Childcare - Finance

© In Touch Care

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