Sunday Morning Learning Opps

Creating a System to Measure Financial Results of Academic and Other Programs

  • Sunday, July 30
  • 10:30 AM - 11:45 AM
  • Minneapolis Conv Ctr
  • 208B
  • BMO

Speakers

Beth Amyot

Executive Vice President and Chief Financial Officer

Xavier University

Cincinnati, Ohio

Brian Balyeat

Finance Professor

Xavier University

Cincinnati, Ohio

Description

Understanding the profits and losses generated by academic programs, student services, and other programs and functions is critical to informing resourcing decisions. In this case study, presenters will explain one institution’s collaborative approach to developing a Managerial Accounting System (MAS), which shows the revenues, expenses, and margins of all academic and other programs. In addition to sharing sample reports, they’ll explore the challenges faced in building the allocation model, lessons learned, and successes achieved—including overcoming initial resistance to complete the project in just two semesters and engendering extraordinary buy-in, enthusiasm, and support for the process.

Learning Objectives

  • Initiate development and implementation of a program-specific, managerial accounting system.
  • Overcome any initial resistance to engage faculty, staff, and administrators in core decisions for the system and foster campus-wide collaboration and buy-in.
  • Investigate various options for disseminating program-specific reports to campus to assist decision making.