Abc Learning Case Study

The report is divided into two main section. Section one, finding section is related to the early childhood profession, its characteristics, challenges, the current trends, policies and movements. However, the second section suggests some recommendations to improve the state of early childhood profession in Australia.

Like other day care facilities, The Kids Learning Centre strives to provide the best in child care. As part of their program to

Striving to provide high quality childcare provisions that support children’s development to reach their potential.

• Sure Start Children’s Centre: Working with parent’s right from the birth of their child, providing early years education for children, full day care, short-term care, health and family support, parenting advice as well as training and

The Australian Government Department of Education, Employment and Workplace Relations for the Council of Australian Governments [DEEWR} (2009) developed the Belonging, Being & Becoming – The Early Years Learning Framework [EYLF] for Australia. This framework was created to guide educators in developing a quality education program in early childhood education and care settings (DEEWR, 2009. p.5).

Marketing: differentiating KCC 's care giving and educational services from traditional daycare offerings and interest activity programs.

The statement of cash flows reports the cash receipts, cash payments, and net change in cash resulting from the operating, investing, and financing activities of a company during a period in a format that reconciles the beginning and ending cash balances

This case study will analyse how these Australian Government policies, initiatives and legislative requirements influence curriculum, promote quality care and support the achievement of high quality outcomes for young children in Early Learning contexts.

The cash flow statement shows the amount of cash within a company. Items that affect the cash balance are listed on the statement. The first section of the cash flow statement is operating activities, which shows the cash flowing in and out of the company in relation to its business operation. The operating activities section also includes net income and the change in dollars of certain accounts listed on the balance sheet. The next section, investing activities, shows cash the company received and spent on a company's capital investments. The financing activities section shows the inflows and outflows of cash related to the company’s issued financial securities, which is also listed on the balance sheet and statement of shareholders' equity.

The cash flow statement consists of three parts: cash flows provided by operating activities of $13,831, cash flows provided by investing activities, and cash flows provided by financing activities effect of exchange rate changes on cash and cash equivalents of ($204)

ABC Learning Ltd was an Australian provider of early child hood education services, founded in Queensland in 1988, that through its 18 centres was the largest single operator of early childhood education services in Australia by 1997. Led by founder Eddy Groves, ABC Learning Ltd continued to grow, through the opening of new centres and the acquisitions of rivals i.e. peppercorn Childcare in 2004 in which 450 centres were purchased for $340 million. “By 2008, ABC Learning was the largest provider of childcare, holding around 20 per cent of the long day care market and providing care to over 100 000 children” (Senate education, employment workplace relations committee, 2009).

Jennifer Hutson continued to highlight their company’s strong acquisitions of childcare centres in Australia whilst touching on relevant Australian government reform in the childcare sector and G8 Education’s management team and their dedication to improving efficiency in order to maximise shareholder profit. This was illustrated by earnings per share growth in the company on the previous year.3 This address was to provide current stakeholders and ordinary investors with activities pursuant to G8 Education for the 2013 year. It gave a summary of activities for the financial year and provided a glimpse to future activities of the company.

The technological improvement in the educational sector is continuous and constant. Teachers of ABCLC are constantly required to pick up various new technologies from time to time and incorporate them in their teaching. This is required by the National Council of Childcare Accreditation (NCCA) so that the standards are forever maintained and improved.

The “financial statements are formal reports providing information on a company's financial position, cash inflows and outflows, and the results of operations” (Hermanson, p.22). There are four main components that make up a financial statement. The four parts are, balance sheet, income statements, cash flow and, statement of owner’s equity. The balance sheets role is to define the company’s assets liabilities and revenue of the business. The income statement shows the income within the company. Cash flow reviews the position of the company by cash payments and receipts. Lastly, the statement of owner’s equity shows the amount of earnings, stock and other capitals of people in the company. (Hermanson, p.34-35).

The company was supported with funds to provide free education to the children. However, government has modified their support system by directly providing funds to those children who need money for the education. At this time subsidies and grants were wrote off for the ABC Learning Centre. The new strategy was to acquire new centers and grow so that they can enlist themselves in Australian Stock Exchange. In 2001, ABC Learning Centre was enlisted in the ASX with their 30 centers in Australia, (Richardson, 2009). The need for the expansion took them in the markets of America, New Zealand and United Kingdom as well. The company was growing so fast that in 2005 it has acquired almost 660 childcare centers by signing mergers and acquisitions with different small childcares and day cares. In 2006, the ABC Learning Centre was the owner of 2238 centers around the