In August, 2014, the Ontario government signed goal-setting agreements with the province’s 44 post-secondary institutions. This process was supposed to be step number one in changing the way the institutions are funded. Concerns are being expressed on how demographics and changes to funding may impact individual universities.
Source: Globe and Mail.com
Date: October 11, 2014
Questions for Discussion:
1) As a university student, have you felt any impacts on your studies or activities from tightening university budgets?
2) As the government of Ontario develops additional agreements or involvement in the university funding process, what might this mean for how the government accounts for these institutions on its financial statements?
3) If you were a senior accounting or finance official at an Ontario university, what strategies might you propose for dealing with some of the challenges mentioned in this article?