Cost and Management Sustainability Factor

Question: Discuss about the Cost and Management for Sustainability Factor. Answer: Introduction: The university management does not have to reveal the way of spending money, which makes it hard to calculate the exact cost required to educate the students.As per the websitereport ofnews.com.au, the universities have to spend a lot of money than the authority get from the government funding and the student fees.According to the opinion of Edgington (2015),5-10% funding of the students fees is being guided away from the education process and preferred sustaining the research actions of the universities. Calculation of cost is also essential to regulate the entire education system while providing teaching guidance and the other research tactics to the students. The students have been charged excessive fees, so that the universities can provide an further research to the students (Baporikar, 2009). As per the Higher Education and Reform Bill 2014, the universities have made frequent complaints of being underfunded in the absenteeism of cost indication. In the case of university unit costing per student is required to determine the suitable fee levels. In the opinion of Amos (2010), comparison of cost alternatives is essential for delivering a particular cost to the students. The Activity-Based Cost analysis is also helpful to carry out the calculation of cost per student. The chain activities guided by the teaching practitioners help to maintain the records of the assignments and records the marked assignments. It has been speculated that the recorded marks of the students file are maintained in a computerised database. As per the report of Deloitte Access Economics, the higher educating learning and teaching costs, in the year 2010 is $15,000 normally to educate a student with a particular degree program. The students have to handle the claims from the tutors and issues regarding the payments. As per the view of Brown and Carasso (2013),the full of cost of each marked assignment is the measure of the services provided by the unive rsities or institution as per the received payment. The students have to offer the overall expenditure for the related activities. According to the report of the Australian Bureau of Statistics, about 41% of academic university research endowment in the year of 2012 (approximately $3.7 billion) arrived from a medium that was not exclusive for the purpose of research (Culliney, 2014). It also includes the investment revenue, donations, contributions and the profits from the commercial operations of the university. The students taking admition from the foreign region, who pay much higher fees rather than the Australian students, are specifically prejudiced by the global positional tables. The difficulties associated with undertaking the calculations It is very difficult to calculate the cost of the education for a different student from the different domain. Apart from the ongoing debates concerning the university deregulation factors and its long-standing sustainability factor, the universities are more unenthusiastic to disclose its cost charged by a student during the entire course. As per the opinion of Potcharapanpong and Thongthew (2010),the student fees of the university wrap the expenditure of the course depending on the stream and subject matter. For an example, Edgington(2014) added that for medicine or veterinary degrees the general cost of the entire course is relatively higher compared to the other subjects like law, accounts, etc. The course of medical degree needs more equipment or research to educate a student for this particular degree. On the other hand, Jing (2014) mentioned that the course of law or accounting does not need this kind of equipment or additional research to conduct the entire course. Hence, the course fees of medical students are much higher rather that the students of accounting and law. The cost of course is also various based on the university tend and the impressive institutions tends to pay more on the research. Considering the opinion of Edgington(2015),a highly regarded academics can develop the teaching efficiency. On the other hand, it has been speculated that the research regarding the specific course needs a particular amount which cannot be quantifiable. The chargeable amount for the different course cannot be enumerated, which can be a trouble for calculating the cost of the course. Furthermore, in the opinion of Culliney (2014), the digital educational marketplace is the other example of the expensive cost of the education structure. On the other hand, the four year degree is highly long and expensive for the students as well as the universities. The process of learning of the different universities is different from each other which is the foremost reason to construct a general calculation for the course structure(Clarke, 2008). The instalment break up of the universities are framed in a narrow format which sometimes become difficult for the students to pay the university fees within the short time farmed (Brown and Rahn-Blakeslee, 2009).The technical issues regarding the education infrastructure could hamper the cost analysis of the course. On the other, it has been analysed that the education is the not the most ultimate focus of the universities. The selling of a business, students lifestyles, accommodation expenditure and the administration scholarship are the major factors to create difficulties in the costing of education. Australian National University is fortunate to have a Nobel Prize winner that turned up useful to attract both the universities and students(Callejo-PeÃÅ' rez and Ode, 2013). The report of news.com.au indicates that the international student fees are presently being used to subsidies the education practitioners and the course related examine cost in the universities. The responsibility of governing authority on the university funding actions There are a large number of appraisals for the university division that can define the necessity of the calculations to provide a reliable basis for the decision making process. According to the opinion of Brown and Carasso (2013),the Go8s call is significant to review the payment structure of the payments. This policy is comprised both of the major parties like the students and the universities. It has been observed that all the universities receive the similar amount of funding from the administration for the each lessons and course. Adding to this, the students of the university are equally paying the course fees as per the course structure. In the opinion of Broad and Goddard (2010),the universities could reduce the course fees, so that the university could get maximum number of students footfall in the college campus. Furthermore, both the students an the university authority needs to work jointly to offer a long term sustainable position in the university division. On the other hand, Baporikar(2009) added that the funding cost provided by the government to the universities is often cut depending on its actual cost to deliver the final process. It has been identified that the cuts announced in the Labours final budget in the year of 2013, may have lost the faith of the majority of the vice-chancellors from the funding system(Amos, 2010).Although,it has been assessed that the government appreciation and funding is highly required for a university forimproving the overall education system. Adding to this, the as per the report of news.com.au, the independent senator Nick Xenophon has voted for the deregulation of the billing system of the universities. Thus, the government has to make another review before funding the universities along with that an alternative opinion has to be given as its radical deregulation reforms. On the other hand, Culliney (2014) argued that the executive directors of the Regional Universities Network is not excited about the process of another assessment. It has been speculated that the executive directors has proposed the deregulation model to motivate the government contributors. Therefore, it would be possible to reduce the student fees, which, would assist to increase the number of students in the universities. References: Amos, S. (2010).International education governance. Bingley, UK: Emerald. Baporikar, N. (2009).Management education. Mumbai [India]: Himalaya Pub. House. Broad, M. Goddard, A. (2010) Internal performance management with UK higher education: An amorphous system?, Measuring Business Excellence, 14(1), 6066. Brown, R. Carasso, H. (2013) Everything for sale? The marketisation of UK higher education. London: Taylor Francis. Brown, S. Rahn-Blakeslee, A. (2009) Training school-based practitioners to collect intervention integrity data, School Mental Health, 1(3), 143153. Callejo-PeÃÅ' rez, D. Ode, J. (2013).The stewardship of higher education. Rotterdam: Sense Publishers. Clarke, J. (2008) Book review: Motivating your team: Coaching for performance in schools,Management in Education, 22(3), 3839 Culliney, T.W. (2014) Notes on predatory Behavi our in Rhinacloa forticornis (Hemiptera: Miridae ), Current Agriculture Research Journal, 2(1), 0104. Edgington, U. (2015). Performativity and accountability in the UK education system: a case for humanness.Pedagogy, Culture Society, 1(1), 1-6. Jing, L. (2014) The governments roles in transnational forest governance, Recht der Werkelijkheid, 35(3), 120 -122. Potcharapanpong, S. Thongthew, S. (2010) TEFL training program for local and cultural-based instruction: Case studies in Thai primary schools, Asian Social Science, 6(9), 657-695.