Full version University Finances: Accounting and Budgeting Principles for Higher Education
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In University Finances, higher education expert Dean O. Smith- demystifies basic accounting procedures, budgets, debt financing, and financial statements- explores more unusual financial topics, such as methods for calculating fringe benefit rates, bond refunding costs, and indirect cost allocations- shows that the use of university wealth is highly restricted by donors, bondholders, government regulators, and others- answers nuanced questions, like "How are USDA formula funds calculated?" and "Why does the university pursue more and more research funding when it loses money on every grant?"- illustrates financial calculations using realistic examplesSome of these explanations are unavailable in print or online to anyone but a handful of professional accountants. Rigorous, detailed, and wide-ranging, University Finances is a unique and powerful resource.
In University Finances, higher education expert Dean O. Smith- demystifies basic accounting procedures, budgets, debt financing, and financial statements- explores more unusual financial topics, such as methods for calculating fringe benefit rates, bond refunding costs, and indirect cost allocations- shows that the use of university wealth is highly restricted by donors, bondholders, government regulators, and others- answers nuanced questions, like "How are USDA formula funds calculated?" and "Why does the university pursue more and more research funding when it loses money on every grant?"- illustrates financial calculations using realistic examplesSome of these explanations are unavailable in print or online to anyone but a handful of professional accountants. Rigorous, detailed, and wide-ranging, University Finances is a unique and powerful resource.