Abstract

Indian education sector is almost the largest in the world. Due to demand of quality education private sector and foreign universities also have entered in this arena. For the existence and development of every institution cost governance is required for effective management because proper use of cost governance increase the cost compliance. Through a case study of higher education institute in Calcutta we have tried to review how the college authority voluntarily follows the 'Guidelines Note on Cost Management in Educational Institute' issued by the 'Institute of Cost Accountants of India' by properly utilizing expertise of a CMA (Associate Professor).

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