dc.description.abstract | This study analyses the various costs that are incurred at the Faculty of Commerce,
University of Nairobi. It is aimed at determining the unit cost for bachelor of commerce
degree.
There were a couple of reasons behind the study. First, the University has for the last
decade been operating at a deficit and thus there was need to review the costs and
determine whether the unit costs are the causes of these deficits.
Secondly, it appears that there is no clarity on the right amount that public universities,
University of Nairobi in particular, should be charging the students as fees.
Being an empirical study, the data was gathered from the college's books of account.
The study revealed a significant difference between the Government's allocation and the
real unit cost. Consequently, the unit cost goes along way in explaining these so acute
deficits.
Serious studies should be undertaken to determine all the possible alternatives that are
available to help public universities in Kenya address this issue. In general, the survival
of public universities will be realized through the concerted efforts of all the benefactors;
the private sector, the institutions themselves, the students/parents and the Government. | en |