BUDGETARY ACCOUNTING PROCEDURES AND ACCOUNTING FORMS FOR SMALL COLLEGES AND UNIVERSITIES.
This article focuses on budgetary accounting procedures and accounting forms for small colleges and universities. Increased volume of financial transactions and the added complexity of auxiliary enterprises incident to an educational institution in these days necessitate a system of budgetary control for planned income and expenditures. Successful management demands budgetary control even in smallest colleges. Mechanical accounting is essential in supplying the administration and various division heads with the necessary data for a greater degree of physical and budget control. Twenty-one schools were asked to report on their accounting procedures, from which will be developed five areas of accounting procedure which give support to good budget control, together with a brief comment on observations made by the twenty-one reporting schools. The factors which are essential in the development and operation of a plan of budgetary control within a college are, formulation of a financial plan, applying the plan, and checking the results.
- DOI
- 10.2308/tar-7059061
- Volume
- 30 (1)
- Pages
- 80-85
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref