E-certification: financial analysis and European Computer Driving Licence (ECDL) Hellas case Online publication date:: Wed, 04-Aug-2010
by Vasileios Terzis, Anastasios A. Economides
International Journal of Education Economics and Development (IJEED), Vol. 1, No. 4, 2010
Abstract: The difficult economic situation demands very careful investments plans in education. This paper presents a financial analysis of the e-certification branch. It uses financial ratios in order to measure the liquidity, the activity, the debt and the profitability of the enterprises in the branch. Then it applies these ratios to a case study regarding European Computer Driving Licence (ECDL) Hellas. Moreover, it performs a feasibility analysis for a new entrant in the e-certification market. Using cost-benefit analysis the paper measures the benefit-cost ratio, the payback period, the net present value (NPV), the internal rate of return (IRR) and the break-even point for a new investment in the e-certification branch. Finally, it concludes regarding the present and the future of the e-certification branch in Greece. This paper can be helpful in other business cases in education.
Online publication date:: Wed, 04-Aug-2010
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Education Economics and Development (IJEED):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org