Financial activity effectiveness review of education institutions
Within the frameworks of demographic slump, world economics stagnation and competitiveness increase on the education services market, the most important and actual role for education institutions plays creation and provision of the financial and economic stability.
We offer the whole range of services on analysis and further consulting on the issues of optimization and effectiveness increase of financial and economic activity for education institutions in different organizational and legal forms.
The financial and economic activity analysis of education institution lets determine possible dates of liabilities clearing on current obligations, possibilities of prompt reaction on the market situation changes, possibilities of new education projects and programs financing. In addition to that the financial and economic activity analysis lets determine the risks level that is bounded with the structure of borrowed and own funds used by the education institution activity financing.
The financial and economic activity analysis is carried out in two main spheres:
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The financial and economic stability analysis of education institution
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The economic capacity assessment of education institution
By analyzing financial and economic stability on the basis of available accounting forms, internal financial documents, plans and reports of education institution, our main purpose is to assess the current financial stability and to identify the fields with the broadest capacity for the financial and economic stability increase of education institution in the future. Our analysis will let create an events plan on education institution competitiveness increase of long-term and short-term prospects.
The pilot diagnostic let determine the most problem fields of the HEI activity, start working on its stabilization as well as plan the main directions for a deep analysis and the steps of situation improvement.
If following the results of the pilot diagnostic the decision is made to continue the work, we conduct a deeper analysis on the most problem directions, and in the course of this we consider both external conditions that exert influence on these processes and internal strategic and operation problems; we also assess the HEI leadership effectiveness, examine financial indicators of the past periods and censoriously analyze financial budget and prognoses. We identify the basic reasons of ineffective activity of the HEI and key questions that are to be considered in the course of the restructuring plan development.
The result of our work is the report of the current situation and prospects of education institution with description of existing problems, numbering of all possible opportunities for their solution and with recommendation concerning the further actions.
