ACCOUNTING PROCEDURES FOR UNIVERSITIES AND COLLEGES.
The National Committee on Standard Reports for Institutions of Higher Education consists of a group of college and university business officers and other persons engaged in educational administration, representing all sizes and types of collegiate institutions in the U.S. It has been at work for the past two years. Its purpose is to formulate principles which should be followed in the accounting and financial reporting of colleges and universities and secure the general recognition and adoption of those principles. Its work is carried on through support from the General Education Board, of which Trevor Arnett is president, and with the cooperation of the U. S. Office of Education and many other educational organizations. A preliminary survey by the Committee, the results of which were published in an early bulletin, emphasized the well-known fact that tremendous dissimilarity exists in the published reports of institutions of higher education and that the financial statistics of higher education are sadly inaccurate and incomplete. It further revealed the fact that in spite of much good work done in many places, institutional accounting systems often are incomplete and inadequate. The need of more generally recognized standards was evident. It is to rectify these conditions, and to endeavor to work out a basis of accounting and reporting which will be widely applicable and produce desired results of completeness and service, that the Committee has set itself.
- DOI
- 10.2308/tar-8596591
- Volume
- 7 (1)
- Pages
- 54-60
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref