Lea Patterson
Top 5 Higher Ed Financial Reports
I was thrilled to be invited to present at the 2022 Australian University Senior Finance Officers Group (AUSFOG) conference last week alongside Thomas King from Microsoft. I was asked to present the…
Lea Patterson
Managing in a Period of Stagflation
Stagflation: An economic situation in which prices keep rising but economic activity does not increase (Cambridge Dictionary) TLDR High Inflation hasn’t been around since the 70’s and 80’s. During…
Lea Patterson
Higher Ed Rapid Insights – The start of your Advanced Financial Analytics Journey
We are proud to announce the launch of our new modelling solution, Rapid Insights. We developed Rapid Insights as a low risk, low cost entry into advanced financial analytics for Higher Education…
Lea Patterson
Combat Climate Change! – Cost + Carbon Accounting
Identify the most economical path to carbon emissions reductions! In order to combat climate change countries and companies around the world are all working on plans to reduce their emissions. For…
Lea Patterson
Steam Engines, Tea Sets & Railroads – A brief history of Activity-Based Costing
TLDR! Activity-Based Costing (ABC) concepts have been around for yonks! (Australian/British slang for a long time) Ever since the 1770’s. ABC concepts have been largely ignored for yonks! ABC was…
Michelle Brooke
Transparency in Higher Education Expenditure
With Covid-19 striking the university sector hard (and suddenly) last year, the Commonwealth Government postponed the need for the university sector to provide their 2019 ‘Transparency in Higher…
Lea Patterson
Don’t only use Student Credit Hours to allocate Cost!
Financial analysts use a wide range of cost allocation methods, including cost per student credit hour, in universities to calculate the cost of delivering courses and programs. I will show you why…
Lea Patterson
Costing is NOT Financial Accounting!
Quick Thoughts Costing is Management Accounting. Costing requires Operations and/or Engineering expertise. Cost is modelled. e.g. Activity-Based Costing. Cost comes in many forms – Financial Cost…
Lea Patterson
Higher Ed Course Break-Even Analysis
In times of financial crisis, low enrolment courses are usually targets for removal. But removing the wrong courses could lead to a worse financial position! Due to the financial impacts of the…
Lea Patterson
What can we do that you can’t?
Last week we were invited to present our regular solution to a university technical team. Lots of analytical and IT skills in the group and one of the attendees asked a very important question “What…