University Finances: Accounting and Budgeting Principles for Higher Education

Synopsis

Intro; Contents; Preface; Abbreviations; 1. University Financial Management; The University As A Business; Authority To Spend Money; Segregation Of Duties; Affiliated Foundations; Tax Status; Summary; Notes; 2. Principles Of Accounting; Accounting; Management Accounting; Financial Accounting; Generally Accepted Accounting Principles; Basic Financial Elements; Accounts; Accounting Basis; The Accounting Equation; Double-entry Accounting; Fund Accounting; Fund Classifications; Fund Balances; Encumbrance Accounting; Chart Of Accounts; The Time Value Of Money; Summary; Notes; 3. Income Income Definedsources Of Income; Tuition And Fees; State Financial Support; Federal Government; Auxiliary Enterprises; Gifts; Endowments; Unrelated Business Income; Summary; Notes; 4. Expenses; Costs, Expenses, And Expenditures; Direct And Indirect Costs; Expense Classifications; Salaries And Wages; Fringe Benefits; Supplies And Services; Scholarships And Fellowships; Summary; Notes; 5. Capital Assets; Definition Of Capital Assets; Capitalizing; Depreciation; Allocation Of Depreciation; Debt Financing: Bonds; Municipal Bonds; Taxable Bonds; Bond Redemption; Certificates Of Participation Private Business Use Of Facilitiessummary; Notes; 6. Budgets; University Budgets; Budgetary Accounting; Operating Budget; Variances; Operating Budget Preparation; Revenue Allocation; Financial Reserves; Budget Cuts; Capital Budget; Auxiliary Budget; Budget Limitations; Summary; Notes; 7. Financial Reports; Financial Statements; Management Discussion And Analysis; Balance Sheet; Income Statement; Statement Of Cash Flows; Notes To Financial Statements; Financial Statement Analysis; Summary; Notes; 8. Grants And Contracts; Sponsored Research; Legal Differences Between Grants And Contracts Subcontractsfederal Cost Principles; Effort And Salary; Expanded Authority; Award Payments To The Institution; Post-award Financial Reports; Single Audits; Usda Capacity Grants; Summary; Notes; 9. Indirect Costs; Indirect Cost Allocations; Sponsored Project Indirect Cost Allocation; The Long-form Method; The Simplified Method; The De Minimus Method; Rate Approval; Project-specific Indirect Cost Reimbursement; Summary; Notes; 10. Institutional Financial Strategies; Variable Financial Strategies; Return On Investment; Institutional Insurance; Faculty Salaries; Outside Employment F&a Costs Reimbursementunder-recovery Of Indirect Costs; Correlates Of Increased Research Expenditures; Summary; Notes; Index; A; B; C; D; E; F; G; H; I; J; L; M; N; O; P; R; S; T; U; V; W Dean O. Smith. Includes Bibliographical References And Index. Electronic Reproduction. Baltimore, Md Available Via World Wide Web.