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List of publications on a keyword: «financial sustainability assessment model»

  • A Model for Assessing the Financial Stability of a State Institution of Higher Education

    Book Chapter
    The Influence of Creative Industries on the Russian Economy: Service, Hospitality, Advertising and Others
    Author:
    Tat'iana K. Miroshnikova
    Work direction:
    Глава 4
    Abstract:
    Higher education in the Russian Federation is one of the priority areas for the state. An important direction of the strategic policy of state administration is the management of the education process. The statistics of the last twenty years confirm state and municipal universities provide that Russian higher education to a greater extent. The effective management of university resources comes to the fore in developing the management system of higher education. At this stage, there is a need to improve the financial activities of universities. The role of financial support for operational processes in the universities of the Russian Federation deserves special attention. The financial stability of state universities is the basis for the sustainable progressive development of this area. In the tasks outlined, the author proposes a model for analyzing the financial stability of a university, and presents a tree of properties illustrating this model. It took one or 100 percent as the ideal indicator, and we assigned all indicators points under their correlation with the normative value. By examining each indicator, the university is able to analyze the reasons for negative results and take measures for positive changes or maintaining the required level if the university's resources do not allow for the planned changes. An analysis of the financial sustainability of a public institution of higher education is extremely important in terms of improving the efficiency and effectiveness of their activities, which require optimization and cost reduction, and ensuring financial sustainability. This is a priority for the management of each university and will increase the level of planning for unreasonable balances of subsidies for the implementation of the state task, help to avoid inefficient planning of financial and economic activities.
    Keywords:
    education, higher education institutions, financial sustainability, financial sustainability assessment model, financial sustainability indicators
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