EDAD 640 Administrative Finance

Basic concepts of accounting and reporting, analysis, and interpretation of financial statement (working capital and liquidity), variance analysis of income statements and expenditure, principles of time value of money, and budgeting, an introduction to costing principles, and issues in strengthening the financial condition of an institution or a business.

Units: 3



Graduate students:

  • MAED EdAd (core course)
  • MSA (core course)

This course may also be taken by

  • AIIAS on-campus business and educational administration students
  • Teachers, administrators, pastors and managers for continuing education or non-degree course for professional development
  • Graduate students of other schools as transfer credit


At least 5 hours per week day for approximately 2 months



Upon completion of this course, the students will be able to:

  • Understand the SDA Structure of Governance, Financial Policies, particularly those related to academic institutions.
  • Realize, appreciate and apply ethics to accounting and financial practice.
  • Understand the basic concepts of accounting and how they apply to the accounting process.
  • Read and draw conclusions from basic financial statements.
  • Obtain and use financial ratios for analyzing liquidity and profitability of a firm.
  • Understand the planning process and the best practices in budgeting.
  • Realize the role of time value in finance, understanding the concepts of future and present value.



Week 1 Introduction to Administrative Finance and the Adventist
Week 2 Accountability and Ethics
Week 3 Basic Concepts and the Accounting Model
Week 4 Analyzing and Recording Transaction  
Week 5 Financial Statement and Fund Accounting
Week 6 Managerial Accounting  
Week 7 Budgeting
Week 8 Adventist Church Financial Policies, Stewardship, SWOT Analysis  



Eric J. De Sera Nasution, PhD

Eric J. De Sera Nasution is a Professor in Business Department at AIIAS. He has spent more than 20 years in the finance & banking field and more than 30 years in the graduate studies of business & economics.