November. KNTEU Conference on Financing Higher Education (Kyiv. Ukraine)
On 22 November 2012 the conference “Modern Mechanisms for Financing Higher Education in Ukraine” took place at Kyiv National University of Trade and Economics. ACCA became the conference sponsor and brought its rich international experience to the discussion of the topic.
Over 60 representatives of major economic universities from Kiev, Donetsk, Kharkiv, Lviv, Vinnitsa, as well as from the Ministry of Education and Science, Youth and Sports of Ukraine and the Accounting Chamber of Ukraine, participated in the conference. In course of the event the ways of transforming finance mechanisms of education in Ukraine were discussed.
Nataliya Vovchuk, Head of ACCA Ukraine, Baltic and Caucasus States, promoted the idea of international educational alliances as a way to increase financing in education by means of common pool of resources, innovation and reputational benefits of an alliance. Nataliya presented ACCA’s detailed syllabi for F1, F2 and F3, translated into Russian and circulated among the participants. She proposed the university academicians to consider benchmarking their study programmes against ACCA’s in order to improve university’s ranking.
Anatoliy Mazaraki, Dean of Kyiv National University of Trade and Economics, discussed the ways of modernisation of higher education in Ukraine according to European and world best practices. In particular, he stressed that partnerships of state, business, special funds and households can give solution for financing issues of modern higher education.
Valentyn Symonenko, Head of Accounting Chamber of Ukraine, outlined the problems of state budgeting of education and science in Ukraine. He mentioned that human capital depletion makes the shift to innovative economic paradigm hard to achieve. Valentyn also referred to a need of higher state engagement with education and science in Ukraine.
Petro Kulikov, Deputy Minister of Education and Science, Youth and Sports of Ukraine, spoke about ways of transforming higher education system to become more efficient, with three steps to achieve. First is to optimize the network of higher education institutions – with over 800 in Ukraine, the state will not be able to adequately support all of them. Second is to provide more autonomy to educational institutions. Third is to enhance trust of state towards these institutions.
Oleksandr Kharchenko, Head of Accounting, Audit and Economic Cybernetics Department at Kyiv National University of Trade and Economics, spoke about systems of financing higher education in Ukraine. According to Oleksandr, the financing mechanism should be based on two major sub-systems: state regulation and market self-regulation.
Yevgen Mnyh, Head of Financial Analysis and Controlling Department at Kyiv National University of Trade and Economics, spoke about financing research scientific research, facing low demand and realisation. He stressed that there should be priorities in state financing. He also mentioned that it is important to provide efficient foreign language preparation at universities in order to be internationally competitive.
Henning Drager, Chief Sustainability Officer of BDO Ukraine, shared his experience of educational systems and their financing in different countries. According to Henning, no single country has perfect system of financing, therefore Ukraine shouldn’t copy any foreign system but rather develop its own. Moreover, such system should be diversified, in order to be resilient to internal and external factors.
The participants also discussed the possibility of implementing modern practices of financial management, improving the system of appraisal of educational institutions, strengthening the control over the intended use of funds, etc.