ERIC Number: ED118003
Record Type: RIE
Publication Date: 1975-Oct
Reference Count: 0
Fundamental Considerations for Determining Cost Information in Higher Education.
National Association of College and University Business Officers, Washington, DC.
Costing has been recognized by business, financial, and other administrators in higher education as a valuable management tool. A growing interest in the determination of costs and their use revealed a lack of uniformity in cost definitions and cost determination methods and approaches in a language that was readily applicable to higher education. There was also misunderstanding about cost analysis and costing standards for higher education. Discussed are fundamental considerations for determining cost information, an examination of different cost methods and the conditions under which each is appropriate, and a statement of costing standards applicable to higher education. Evaluation of the quality and efficiency of academic programs involves much more than the use of cost information. Definitions of the quality and efficiency of academic programs have not been developed and accepted on a national basis. Cost data should be related to the characteristics, the state mission, and the goals and objectives of an institution. Numerous judgments, in addition to objective, quantifiable data, are required in determining costs. (Author/KE)
Descriptors: Cost Effectiveness, Data Collection, Decision Making, Higher Education, Information Needs, Management Systems, Methods
National Association of College and University Business Officers, One Dupont Circle, Suite 510, Washington, D.C. 20036 ($1.25)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.