Title How university budgets work / Dean O. Smith

Published Baltimore : Johns Hopkins University Press, [2019]

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Description 1 online resource (ix, 182 pages) : illustrations Series Higher ed leadership essentials Higher ed leadership essentials. Contents The language of budgets -- University budgets -- Budget models -- Strategic plans -- Operating budget preparation -- Budget implementation -- End of the fiscal year -- Power of the budget Summary "This book provides a concise explanation of all major aspects of university budgets. Topics range from the principles of budgetary accounting to the procedures for implementing the budget at the department level. The book is written with no presumption of familiarity with university accounting or finance. It emphasizes practical matters throughout: logical rationales, best practices, and useful advice. The aim is to help readers develop a working knowledge of university budgets: how they are produced and implemented"-- Provided by publisher To understand how universities function, it is critical to understand how their budgets work. In this useful volume, Dean O. Smith provides a concise explanation of university budgetsâe" why they're important, how they are prepared, what information they provide, and how they are monitored. Translating technical jargon into layman's terms, How University Budgets Work emphasizes practical matters and best practices. Writing for a non-specialist audience, Smith covers major aspects of university budgets ranging from their preparation and alignment with strategic plans to their implementation at the departmental level. Offering time-tested advice from his many years in higher administration, he also touches on * expenditure monitoring * projections * allocations * revenue * incentives * financial reserves * end-of-year accounting The companion book to the more rigorous University Finances, also by Smith, How University Budgets Work is a unique introductory guide for the extended academic community. Ultimately, this logical, accessible book provides a working knowledge of how university budgets are produced and implemented, one that enables faculty members and administrators to become more effective in their roles within the university Bibliography Includes bibliographical references (pages 171-176) and index Notes Description based on print version record Subject Universities and colleges -- United States -- Finance Universities and colleges -- United States -- Accounting Education, Higher -- United States -- Administration Education, Higher -- Management Education, Higher -- Administration Education, Higher -- Management Universities and colleges -- Accounting Universities and colleges -- Finance United States Form Electronic book LC no. 2019001855 ISBN 9781421432779 1421432773

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