URMIA's Affiliates Committee is happy to sponsor this webinar for our members benefit...
College and universities are complicated financial machines. With so many under financial strain in recent years, and with talk of mergers and some closures, what are the predictive factors that can be applied to institutional finances to determine survivability? Come learn, in a light-hearted style, how to read higher ed financial statements, focusing in on the handful of truly critical line items and what they mean. We will present both commonly used and proposed simplified predictive formulas for estimating an institution's financial health, and will give the audience the opportunity to learn from hypotheticals the chances of (anonymous!) institutions surviving, based on the available financial information.
We will discuss how risk management decisions, such as selection of deductibles or SIRS, can affect deeper issues such as cash flow and bond ratings, and how to make good operational decisions on behalf of institutional finances.
As a result of participating in this session, attendees will understand which are the basic financial statements and ratios used in higher education and what they mean, learn more about how to "talk finance" language for administrative or board reports, and lastly, learn how to identify line items on a financial statements and other trends that are critical to an institution's health.