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Financial Management in Higher Ed

Wednesday, August 29, 2018   (0 Comments)
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The Financial Management Educational Forum will focus on financial management in higher education and more specifically, collegiate conferences and events. The opening session will kick off the 1 1/2 days by taking a look at the financial environment in higher education. Following the opening, three modules will provide in-depth learning on financial management issues. Take a look at the sessions taking place at the forum being held at Loyola University Chicago on September 27-28, 2018.

Opening Session

Today’s Higher Education Financial Environment
Presented by: David Clark, Associate Vice President for Finance, Administration, and Operations, Emory University

For many decades, higher education experienced relative predictability in terms of revenues, expenses, and year-over-year changes.  A series of internal and external factors, such as increased cost structures and decreased state and federal support, catalyzed a quickly changing financial landscape in recent years.  The opening will address the wide variety of ways colleges and universities were impacted across the country, with a particular focus on the disruptive nature of the evolving fiscal environment to conference and event directors. 

Modules

Business Model Review
Presented by: Daniel Dykstra, Director, Conference Services, University of Colorado-Boulder

Consideration of the financial environments our departments operate under is essential. Understanding and defending your conference and event services role related to your institution's financial bottom line and other desired returns is your second critical step. So, how do we ensure we are maximizing and communicating a desired return? Attendees will hear simple yet deliberate steps for reviewing your current business model, it's various components, and the processes and priorities which drive how your operation makes a significant impact at your institution. Attendees will have opportunity to develop custom strategies to review their activities to produce daily and breakthrough operational goals, make any necessary sustainable adjustments, and create metrics designed to assess and report on results.

Planning for and Managing Major Change in Conference and Events Services 
Presented by: David Clark, Associate Vice President for Finance, Administration, and Operations, Emory University and Lina Vargas, Senior Director of Finance, Emory University

As discussed during the opening session, the landscape of higher education continues to change at a rapid pace.  Many of these changes directly or indirectly impact conference and event directors, including the ability to profoundly impact the financial bottom line.  Attendees will have the opportunity to engage with colleagues and the presenters to explore those issues that are currently, or have the potential in the near future, to impact their departments.  Attendees will not only consider mitigating the risk of these changes, but they will also develop strategies for positioning their departments as areas of strength for their institution amidst the evolving environment.

Return on Investment (ROI)

Presented by: Ed Kane, Assistant Vice-President, University Services, Carleton University

 

The term “Return on Investment” is commonplace in business but how does it apply to campus environments? What does ROI mean and why it is important to understand its’ application and use?  This session will touch on the variables associated with the typical return on investment for a conference services program: Calculating the ROI can range from the simple to the very complex, measuring inputs and results can be the same. How do you measure an acceptable ROI? What factors should be included? Is your rate structure or initiative providing an acceptable ROI and, if not, how do you change it? It will also suggest tools and methodologies for analyzing and modeling the impact of a rate structure, operation or project on ROI, and present options for charting an appropriate course for change.

 

Learn more and register here.