The higher education consulting team is offering complimentary live remote faculty development sessions focused on financial literacy in higher education. These training opportunities aim to enhance understanding of the higher education business model across various institutions.

Complimentary Financial Literacy Training for Higher Education Faculty

The sessions will be led by Rachel Pauletti, a former associate professor with expertise in financial health and strategy initiatives within higher education. Each one-hour session will cover several key topics, including:

Key Topics Covered

1. Definition of important metrics related to the higher education balance sheet, such as cash and cash equivalents, changes in net assets, and CFI/DOE scores.

2. Differentiation of various revenue sources, including the distinctions between restricted and unrestricted resources, as well as GTR and NTR classifications.

3. Explanation of factors influencing key expenses, with a focus on differentiating between direct and indirect costs and examining salary/benefit ratios in relation to net tuition.

4. Identification of best practices for assessing and enhancing the health of academic programs.

Those interested in participating can register for the customized training sessions. For further inquiries, Rachel Pauletti is available via email at [email protected].

This initiative aims to support financial literacy and strategic management within higher education institutions, contributing to their sustainability and overall effectiveness.

*Original source: Forvis Mazars*