Financial

'Sustainability' has often been given a rather narrow financial meaning in higher education. We now regard it as a much broader issue. Yet financial sustainability remains important, because we cannot expect institutions to embrace the long-term view on which a commitment to sustainable development is founded without some confidence in their own survival. (HEFCE 2005/28)

Table of contents

Resources

Accounting for sustainability: Guidance for Higher Education Institutions - HEPS
An introduction to techniques that enable non-financial (ie environmental and social) considerations to be integrated into traditional financial accounts.

European University Association
Information and advise on financial sustainability from the European University Association

On the edge: Securing a sustainable future for higher education (August 2004)
This OECD and HEFCE collaboration examined the financial sustainability of higher education institutions in several countries.

TRAC guidance
TRAC, the Transparent Approach to Costing, is the standard methodology used by UK HEIs for costing their main activities.  

Page last updated 5 December 2011

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