The Internationalization of Higher Education: An Estimation of Cost Using Activity Based Costing Method

Abstract

This study was conducted to estimate the total cost associated in producing an international student and to compare the estimated costs with actual fees charged. This study employed Activity Based Costing method to analyse associated costs based on the concept of life cycle throughout the student’s study duration on the basis of semester at Universiti Pendidikan Sultan Idris (UPSI). The results suggested that the Faculty of Languages and Communication has the highest cost for producing an international student while the lowest cost was incurred by the Faculty of Human Sciences. The results also indicated a substantial difference between the fees charged by the university and the estimated costs. The findings of this study are useful in identifying value added and non-value added activities and resources incurred by a higher education institution in its internationalisation effort. This study should also assist the management of the university to plan effectively and efficiently in terms of cost management and determine a more competitive and suitable fee structure.

Authors and Affiliations

Hartini Jaafar, Jessnor Elmy Mat Jizat, Rosmini Ismail, Rohaila Yusof

Keywords

Related Articles

Establishment of Traceability practices through Halal Assurance System (HAS) Implementation

For several years, Department of Islamic Development Malaysia (JAKIM) has started to introduce the Halal Assurance System (HAS) to enable companies to fulfil the needs of end-customer. Besides, it allows companies to be...

The Influence of Value Orientation and Mindset among Orang Asli Parents Regarding Education

Various programs have been executed by the government to enhance the educational achievement of Orang Asli. As the result, 693 Orang Asli students successful graduated in IPTA from 2001 until 2010. However, there are Ora...

The Role of Women in the Military: Analysis of Selected Cases from the Rahiq Al-Makhtum Scripture

In Malaysia, the official participation of women in the armed forces began in early 1964. This was also the beginning of women’s involvement in the other branches of the military, such as the navy and air force. During t...

An Empirical Analysis on the Financial Reporting Quality of the Quoted Firms in Nigeria: Does Audit Committee Size Matter?

This paper examined the relationship of audit committee size and financial reporting quality in Nigeria. The empirical study has performed using a sample of 189 companies and 664 year observation from the period of 2011-...

The Revival of Mudharabah Contract: Proposed Innovative Solutions

The repulsion of mudharabah (Islamic profit sharing) concept surfaces more obviously than before particularly in the banking sector. As a consequence, the product become less attractive and could be scrapped off from the...

Download PDF file
  • EP ID EP615378
  • DOI 10.6007/IJARBSS/v7-i7/3137
  • Views 67
  • Downloads 0

How To Cite

Hartini Jaafar, Jessnor Elmy Mat Jizat, Rosmini Ismail, Rohaila Yusof (2017). The Internationalization of Higher Education: An Estimation of Cost Using Activity Based Costing Method. International Journal of Academic Research in Business and Social Sciences, 7(7), 763-780. https://europub.co.uk/articles/-A-615378