University Finances: Accounting and Budgeting Principles for Higher Education

Author: Smith Dean O.

Brand: Johns Hopkins University Press

Edition: Illustrated

Format: Illustrated

Number Of Pages: 424

Details: Review

Finally, someone has written a logically laid out book that clearly and concisely articulates the inner workings of university research funding. This will benefit anyone involved in the extramurally funded research operation to include both faculty and administrators. I only wish this had been available 20 years ago! — Gary Ostrander

Product Description

An essential and comprehensive guide to university finances.
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 examples
Some 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.

Review

Anyone who has anything to do with university finances will learn something from Smith’s book. It should be required study for anyone in administration, from a department chair to the president, and those who want to intelligently contribute to discussions that involve allocation of resources, strategic planning, research funding, or philanthropy. I plan to provide a copy of this book to everyone in my leadership team.
―Lawrence Schovanec, President, Texas Tech University

Finally, someone has written a logically laid out book that clearly and concisely articulates the inner workings of university research funding. This will benefit anyone involved in the extramurally funded research operation to include both faculty and administrators. I only wish this had been available 20 years ago!
―Gary Ostrander, Vice President for Research, Florida State University

Book Description

An essential and comprehensive guide to university finances.

About the Author

Dean O. Smith has served in the higher administration of four major universities: the University of Wisconsin–Madison, Texas Tech University, the University of Alabama in Huntsville, and the University of Hawaii, where he is now professor emeritus. He is the author of Managing the Research University, Understanding Authority in Higher Education, and University Finances: Accounting and Budgeting Principles for Higher Education.

Release Date: 05-03-2019

Package Dimensions: 33x259x900