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ERIC Number: ED573157
Record Type: Non-Journal
Publication Date: 2016-Apr
Pages: 51
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Key Financial Metrics on Australia's Higher Education Sector. Selected Insights--April 2016
Australian Government Tertiary Education Quality and Standards Agency
Tertiary Education Quality and Standards (TEQSA) is committed to ensuring that stakeholders in Australia's higher education sector have access to relevant information to enable and better inform decision making. TEQSA recognises that there is little publicly available information on Australia's higher education sector beyond the university sector. Broadly, this report aims to enhance and improve the level of publicly available financial information on Australia's higher education sector with a view to better informing decision making by sector stakeholders. For many providers financial data is commercial-in-confidence; as such, information in this report has been presented in an aggregated, de-identified manner. The analysis and key metrics presented in this report allow users, in particular existing higher education providers, to better understand how their entity's financial performance on key financial metrics compares with other similar providers and the sector more broadly. This report is the first release of selected financial data analysed by TEQSA as part of its sector monitoring. It provides a snapshot of selected key financial metrics across the whole of Australia's higher education sector that has not previously been disseminated. Assessing the financial position and performance of a provider is a complex process which involves analysing a number of quantitative metrics and understanding the provider's mission, governance, and management structures. TEQSA conducts an annual financial assessment of each provider, which analyses ten commonly-accepted financial metrics reflecting the key business drivers critical to financial viability and sustainability. TEQSA consulted with the sector prior to adopting these financial metrics in 2013, and received broad support for their adoption. The five financial metrics in this report have been selected for their importance in measuring the capacity and capability of providers to deploy financial resources in a way that supports quality in the delivery of higher education. Importantly, the selected metrics are reasonably comparable across all providers and also provide visibility of financial position and performance at the sector and sub-sector levels.2 The definitions and calculation methodology for each measure are available in the Glossary. The following are appended: (1) Universities; (2) Non-University For-Profit; (3) Non-University Not-For-Profit; (4) TAFE; (5) Providers with <100 EFTSL; (6) Providers with 100=499 EFTSL; (7) Providers with 500=4,999 EFTSL; (8) Providers with 5,000=19,999 EFTSL; and (9) Providers with =20,000 EFTSL.
Australian Government Tertiary Education Quality and Standards Agency. TEQSA GPO Box 1672, Melbourne, VIC, Australia 3001. Tel: 1300-739-585; Fax: 1300-739-586; e-mail: enquiries@teqsa.gov.au; Web site: http://www.teqsa.gov.au
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education; Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Australian Government Tertiary Education Quality and Standards Agency (TEQSA)
Identifiers - Location: Australia