TLDR: The last 10-15 years of low interest and low inflation were great but are now gone. You need the financial performance of every academic program and course available for review at any time. Comprehensive financial reviews of academic programs can no longer be done every 3-5 years, they need to be done at least […]
READ MOREFrom the Australian Navy to Universities. Reducing implementations from multiple years to multiple weeks. The perception that Activity-Based Costing (ABC) is overly complex, prone to failure, and largely abandoned was once widely held and, unfortunately, not without basis. However, the landscape of ABC has significantly transformed over the past two decades, marking substantial advancements in […]
READ MOREWe are excited to announce that we have achieved SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Pilbara Group provides enterprise-level security for customer’s […]
READ MORELast week I presented at the CAM-I quarterly meeting 11-13 September 2023 in Tyson’s Corner, VA. I was thrilled to be joined by Professor Robert Kaplan (Harvard University) and Mike Mahoney (CEO E-Liability Institute) who co-presented with me and provided an overview of their E-liability methodology. We also celebrated CAM-I’s 50th anniversary, it was great to […]
READ MOREActivity-Based Costing (ABC) can provide tremendous insight into the financial performance of your organization. However, it has had a checkered past due to factors including the complexity of models and the large amount of manual effort required to maintain these models. Activity-Based Costing also fell out of favor due to very low interest rates and […]
READ MOREThere has been a remarkable surge in Artificial Intelligence (AI) usage, generating a significant amount of news and interest. The utilization of ChatGPT has skyrocketed, and new tools emerge regularly, aiding in the creation of images, videos, music, and short films. Microsoft has introduced their co-pilots to assist with code generation, writing Word documents, creating […]
READ MOREWhile reading EDUCAUSE’s latest article on the Top 10 IT issues for 2023, I came across the top-ranked issue – A Seat at the Table, which emphasizes the importance of ensuring that IT leadership is a full partner in institutional strategic planning. Given the current economic climate, with increasing interest rates and inflation, Strategic Cost […]
READ MOREAccording to a recent IFAC report, only 24% of companies with plans to reduce or offset Greenhouse Gas (GHG) emissions factor in past or future expenses for implementing those plans. This suggests that 76% of companies are pretty much flying blind when it comes to the costs of executing plans to reduce emissions, we want […]
READ MORELast week, I read a blog post by Alex Usher titled “Reducing Work” where he suggests some ways universities can make teaching more efficient. These include: Driving down the real cost of wages by keeping wage rises below inflation, Dropping the average rate of pay per instructor, by increasing the sessional teaching load, Changing the […]
READ MOREOK, so I’m a little late with my “Best Of 2022” post, given it’s almost the end of January now, but I believe I’m still allowed to say “Happy New Year” as long as I post this in January it’s all good! So, Happy New Year to you all. I’ve analyzed the data for […]
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