A FINANCIAL MEASUREMENT FRAMEWORK FOR EDUCATION INSTITUTIONS

Limited research has been conducted on financial performance indicators in South Africa. In European countries, Australia and the United States of America, literature has shown that there has been extensive research and implementation of performance indicators, to measure the achievements of objectives. A literature study was conducted for this research on the usage of PI s, with a view to pinpointing the financial indicators. The literature study was used to develop a questionnaire. The questionnaire was distributed to universities and Technikons in South Africa, to obtain a measure of relevance and agreement on the performance indicators. The findings of the questionnaire culminated in a model that only consists of those indicators with a high level of concurrence among respondents. Performance indicators can serve as a management tool to measure performance and as a means to enhance transparency and accountability.

Autorentext

T Leo is a senior lecturer and course convenor for Financial Accounting 2 in the Department of Applied Accounting at the Nelson Mandela Metropolitan Universty, in Port Elizabeth. He has been teaching Accounting for 15 years and has extended experience in the retail industry before commencing teaching.