Financial and Accounting Guide for Not-for-Profit Organizations, Eighth Edition 2014 Supplement

APPENDIX E

Perspectives in Higher Education 2012 (New)

Contents

Introduction

Governance

The evolving higher education business model

Safety and well-being of individuals on campus

Current regulatory environment

Institutional compliance

Political and public perceptions

Information security

International operations

Academic medical center strategic considerations

Contributors

Introduction

In an increasingly dynamic and complex environment, higher education institutions are faced with more unprecedented challenges than ever before. The weakened and volatile economy, political and public perceptions of the industry including sharpening pressures to demonstrate what a college degree offers, increased regulation and oversight, opportunities and uncertainties of new technology, and growing competition for new students at home and abroad represent a few examples of the types of challenges that institutions are dealing with. Many institutions are prioritizing transparent plans and disciplined budgets to address these challenges, while balancing the core institutional missions of education, research, and public service with financial, compliance, market, and competitive realities.

Embracing change will be imperative for the long-term success of institutions in securing their financial future. Change for some will require a refinement of the vision of an institution and a corresponding alignment ...