Fund accounting, currently used by many colleges and universities to report their economic performance, may obscure rather than clarify the facts for institutional constituencies. Global accounts are more thorough and descriptive of the institution's financial status, and can be used in conjunction with traditional accounting. (MSE)

It is argued, based on the experiences of 16 small, diverse independent colleges, that small institutions can reverse decline. The analysis looks at signs of problems, patterns of institutional blindness to the problems that lead to additional decline, and behavior characteristics of the institutions that survive. (MSE)

Fisk University (Tennessee), Tougaloo College (Mississippi), and Howard University (District of Columbia) are achieving fiscal and academic success resulting from strategic planning. Elements of that success include building on institutional strengths, using bold institutional leadership, establishing financial stability, and involving faculty in…

An examination of trends in undergraduate liberal arts degrees and curricula reports two findings: (1) renewed interest in the liberal arts degree has occurred primarily outside liberal arts colleges, within universities; and (2) the struggle for institutional survival has caused some colleges to scale back or abandon their original missions. (MSE)