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A Christian School Book Report

Decent Essays

Finance plays an important role in man’s life because it gives people convenience to buy what they need. No matter in which domain, people have responsibilities to take care of their finance. That is to say, God gives people knowledge and wisdom to supervise their money or business well, especially in Christian school. Christian administrators are God’s stewards and have accountabilities in contributing to schools. Edward J. Mock gives some good ideas in financial management so that Christian administrators can apply them in their schools. This paper talks about the implementation of five insights in a Christian school ministry.
III. Insights and Implementations
Readers can gain five practical and helpful insights from this book. First of all, Edward J.
Mock recommends using break-even analysis. It is the volume level between expenses and incomes. A good financial manager needs to make sure that expenses should not be greater than incomes. An effective financial management avoids leading to a damage. The author describes that decrease the unnecessary factor in order to increase incomes and expenses. In …show more content…

It helps managers make funds available and reduces risks. Mock says, “Its widespread acceptance has proved that the banking industry had devised a service of tangible benefit to many companies, large and small” (1964, 97). The bank lock box is useful in business. The most important factors of the bank lock box is to help managers save their transaction period. It is useful in Christian schools. Christian administrators use the bank lock service for students’ convenience, especially for international students. For example, when parents send payment to school, it usually takes three days for processing. But, the bank lock service could be reduced by one day. Accordingly, Christian administrators need to go to the local bank and start a bank lock service in order to operate school’s service

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