Adapting the Balanced Scorecard and Activity-Based Costing to Higher Education Institutions

In recent years, Higher Education Institutions (HEIs) have seen increased demands for accountability, cost control, and efficient allocation of scarce resources, in the face of growing national and international competition for students and revenues. This study presents the Balanced Scorecard (BSC) and Activity-Based Costing (ABC) as novel approaches to help deal with these challenges.