Management accounting, as a discipline, is going through a resurgence. Primarily driven by the huge increase in the amount of data available for analysis, financial professionals are needing to look beyond traditional business metrics and recognize the potential of embracing a wider set of data. Management accounting has been around for 100 years, so it’s […]
READ MORELast year NACUBO released the results of their survey to understand the current status of analytics, where Business Officers would like to use analytics and barriers that institutional leaders face within the Education sector. As the results show below, Operational Analysis and Cost of Instruction top the list of areas that are in need of […]
READ MOREThe Coronavirus is creating headlines around the world and here in Australia it’s having an impact on some universities who are delaying the start of the school year or starting the school year online initially. There might also be a financial impact but hopefully not a permanent one, but what if there was a permanent […]
READ MOREThis was a question posed by Steven Hemelt (UNC – Chapel Hill), Kevin Stange, Fernando Furquim, Andrew Simon (University of Michigan) and John Sawyer (University of Delaware) in their paper “Why is Math Cheaper than English? Understanding Cost Differences in Higher Education” https://www.nber.org/papers/w25314 Their “analysis reveals appreciable variation in the cost of delivering a unit […]
READ MOREBe involved…. Consortium for Advanced Management – International (CAM-I) Creating an International Center of Excellence in Higher Education Cost Management Back in 1972 computing power was either very limited or, in most organizations, non-existent. Data was stored physically – on paper, or in alphanumeric card systems in filing cabinets and storage trays. Thousands, billions, of […]
READ MOREThe NACUBO Analytics Conference focusses on data management and analytics. Presenters, and participants, are driven by the importance of accurate data, efficient data collection and effective analysis. Critically, they seek out and value tools that can advance the current, and future, business needs of their higher education institutions. Regardless of their institution size, or […]
READ MOREThe following is an extract from this article in NACUBO Business Officer Magazine September 2019 by Margo Vanover Porter and discusses the Pilbara model at the University of Maryland. The model was implemented in 2017 with our US consulting partner, Grant Thornton and is updated on an annual basis. After attending a NACUBO conference […]
READ MORESaskatoon, in the heart of the Canadian province of Saskatchewan sits further north than Hobart is south, by about 10° in latitude, (for the navigators amongst you). As the crow flies, it is 14,612 kilometers from Adelaide by the shortest route across the Pacific. Winter temperatures in Saskatoon get serious, with the thermometer hovering around of -19° […]
READ MOREThe Pilbara Higher Ed conference was held September 3-4 in Brisbane at the Rydges Hotel in Southbank. It was a great crowd and generated a lot of interesting discussions over the two day event. The focus of the conference was Data Driven Decision Making and in particular how cost and predictive models can be used […]
READ MOREA significant amount of time and effort goes into the development of a new program for a college. Unfortunately, the financial aspects of the new program tend not to get as much attention. In today’s environment it is becoming more and more important to ensure any new programs not only break-even but contribute positively to […]
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