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FINANCIAL AND BUSINESS PLANNING


Colleges and universities everywhere are under increasing pressure to make sure that their financial management systems are as efficient and effective as possible. Without such systems, many other aspects of institutional development will be ineffective. Moves towards greater university autonomy in many countries often require new approaches to financial management, and may mean that better financial management is vital for institutional survival.

Often, a good way to improve financial management throughout the institution is to devolve certain budgetary responsibilities to faculties, while retaining central overall financial control. This demands new types of financial information and well-designed procedures. Linked with this, business planning is a useful technique in helping units within the institution understand their objectives and their financial targets, within the context of a strategic plan. One of our Partners has co-authored the UK Association of University Administrators Good Practice Guide to Business Planning in Higher Education .

Universitas has a group of highly-experienced financial consultants, who have held senior operational financial management posts in UK colleges and universities.

We have worked with institutions

  • to review their overall financial management systems
  • to provide training to upgrade the skills of financial staffs
  • to help universities develop internal budgetary devolution systems
  • to help develop business plans for operating units



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