An expected or budgeted decrease in revenue is referred to as lost income. For universities to remain financially sustainable and to guarantee the ongoing provision of high-quality education and research, it is imperative that they have a thorough understanding of the causes and effects of lost income. The main reason for lost income, particularly for universities, is the decline in student enrollment and the state of the economy. In this study, we propose a methodology to measure the lost income. The methodology examines the financial report of the National University of Mongolia (NUM) from 2016 to 2022. In the case of NUM, the percentage of the lost income is 8 percent.
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