An examination of financial management in higher education institutions covers the management process and related activities, organizational structure and assignment of responsibilities, interrelationships of financial management decisions and other areas of the institution, and the use and coordination of financial plans within the institution.…

Most colleges and universities need to reduce expenditures and downsize. Such a project is difficult and emotionally charged. Many immediate remedies can ba applied to reduce and better control expenditures, but a more thorough analysis of the institution's organizational structure, operating procedures, automated systems, strategic planning, and…

Argues that trustees, finance officers, and other leaders of institutions of higher education must redefine and expand their traditional interactions beyond discussion of budgets and balance sheets if they are to guide change instead of being controlled by it. University leaders need to focus on their roles, share information differently, use…

The chief financial officer of Long Island University (New York) for 50 years recounts the beginnings of her career and traces changes in higher education since 1947 through the post-war boom, unplanned expansion in the 1950s and 1960s, resulting budget problems, and difficulties with public image in the 1980s. Perspectives on her administrative…

Explanation of the technological setting in which college and university financial systems have developed is provided for financial officers, to aid in devising a plan for the chart of accounts and erecting an efficient, logical, flexible financial structure. Topics include software/hardware advances, understanding the demand for financial…

A process for college and university decision making and budgeting for capital outlays that focuses on evaluating the qualitative and quantitative benefits of each proposed project is described and illustrated. The process provides a means to solicit suggestions from those involved and provide detailed information for cost-benefit analysis. (MSE)