Higher Education Finance Manual Series Volume III: The Source/Use Concept
| Title: | Higher Education Finance Manual Series Volume III: The Source/Use Concept |
| Author: | Allen, Richard Collier, Douglas J. |
| Date: | 1980 |
| Catalog #: | 2BA331 |
| Price: | $ 5.00 |
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| Description: |
The most authoritative reference work in the field of higher-education financial reporting, the three-volume Higher Education Finance Manual (HEFM) series contains all the information needed by institutional and agency staff to produce, understand, and use financial reports. Funded by the National Center for Education Statistics (NCES), HEFM provides a more detailed and comprehensive guide to reporting procedures and formats completely consistent with the generally accepted higher-education accounting principles adopted by the National Association of College and University Business Officers (NACUBO), American Institute of Certified Public Accountants (AICPA), and NCHEMS. Describes the innovative source/use format for financial reporting—a matrix displaying revenue sources and expenditures categories simultaneously. The source/use format simplifies institutional financial operations so they can easily be understood by top-level administrators, legislators, donors, and the general public. The Source/Use Concept offers advice for quickly comprehending an institution’s financial situation without having to study pages and pages of financial data. By doing so, it can help administrators present their institution’s case to persons not familiar with higher-education finance. The Source/Use Concept can also be used analytically to help administrators: • Engage in contingency planning • Determine funding priorities • Set fund-raising goals • Determine the mix of restricted and unrestricted funds supporting different activities • Perform other analyses in which it is important to specify revenue sources and expenditure purposes Besides describing the source/use format, The Source/Use Concept explains how to implement the format at both the institutional and state levels. |