Assessment of the financial efficiency of the educational program implementation, considering the fulfillment of target indicators imposed on average salary and the student/teacher ratio

Abstract

The purpose of the study is to develop methods and algorithms of financial analysis and management of educational process in a university. The paper presents a financial and mathematical model for assessing the profitability of any educational program implemented in the university. The model is based on the main goals of the university, which are to achieve the basic performance targets and the fulfillment of the government task. The proposed methodology is innovative and represents a natural development of the method of normative per capita financing of university educational activity.