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Finance in Educational Management of Colleges and Universities


reviewed by A. W. Peterson - 1955

coverTitle: Finance in Educational Management of Colleges and Universities
Author(s): Thad L. Hungate
Publisher: John Wiley, New York
ISBN: , Pages: , Year:
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This book emphasizes the growing importance of competent financial management in colleges and universities. The author states that since Colonial days the major cost of higher education—institutional cost and student cost of living—has been borne by parents. He predicts that, in the future, a larger share of the cost will be borne by philanthropy and public funds. This means that society is increasingly more concerned about the total costs of higher education and is looking to economy in operation to minimize costs. Chapter III, Policies and Organization for Fiscal Management, presents an outline of the major problems that each institution should study and analyze in the formulation of basic and operational policies which define the objectives and operational framework of the institution. In this chapter, as in Chapter II, The Role of Finance in General Management, the author stresses the fact that financial and business management is a part of educational... (preview truncated at 150 words.)


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Cite This Article as: Teachers College Record Volume 56 Number 7, 1955, p. 413-413
https://www.tcrecord.org ID Number: 4753, Date Accessed: 1/26/2020 3:54:56 PM

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