Budgets and Financial Management in Higher Education [Hardcover]

This book will help new administrators (department chairs, directors, deans) understand and become more proficient in their financial management role within the institution. Highly accessible, practitioners will be able to put the book's guidance to immediate use in their work. It is also grounded in the latest knowledge base and filled with examples from across all types of institutions, so that it makes an ideal text for a courses in graduate programs in higher education leadership and administration. Specifically, the book:

 •     provides an understanding of the basics of budgeting and fiscal management in higher education

•      defines the elements of a budget, the budget cycle, and the steps for creating a budget

•      suggests ways of avoiding common pitfalls and problems of managing budgets

•      contains effective strategies for dealing with loss of resources

•      includes end-of-chapter reflection questions and an expanded glossary of terms 

Written in plain language this volume provides practical approaches to many complex problems in fiscal management.

This new edition of the book contains new information in every chapter reflecting both the most recent developments in higher education and feedback from readers of the earlier edition.  The information on the current higher education financial environment has been updated, and the case studies have been revised.  Readers will be introduced to Bowen's theory of resources and expenses as an important way to understand budgel3¦