Cost Management for Intellectual Capital Development in Educational Institution
Keywords:
Costs management, Intellectual Capital, Academic institutionAbstract
The educational institute is a learning management organization for improving people and giving knowledge to society and the community. An important resource of the educational institute is Intellectual Capital (IC) which comes from the educational persons and stakeholders. It can be classified into 3 categories: Human capital, Organization capital, and cooperation capital. Hence, the educational executive administrators have to focus on cost management for developing the intellectual capital potential in the educational institutions by bringing cost management using the activity base, classify activities related to intellectual capital into value-added and non-value-added intellectual capital. Collecting and documenting the cost information incurred, and administrating the cost by bringing the concept of the quality cost applies for the intellectual capital improvement.
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