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Source: Healy, G. 2010, Universities facing crisis of confidence, The Australian, October 23. Available at: https://www.theaustralian.com.au/opinion/universities-facing-crisis-of-confidence/story-e6frg6zo-1225942072796
Required:
Read the above article, identify three more media or academic journal articles that explained similar phenomena, and then write a report addressing the following requirements:
1. Prepare a list of the factors that are assumed to have contributed to the perfect storm in the higher education sector in Australia.
2. As a student studying accounting information systems (AIS), identify and explain the salient factors affecting the business processes (transaction cycles) of a university during the perfect storm.
3. Explain how a well-designed Accounting Information System can help university management in taking strategic decisions reducing the impact of the perfect storm.
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Do you need to develop your own internal GAAP to manage the company? Let's get creative and brainstorm. There's no right answer here, just the opportunity to begin exploring the fascinating topic of International Accounting.
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