Annotated Tabulations of College and University Accounting Practices.

Abstract This article focuses on the booklet "Annotated Tabulations of College and University Accounting Practices" of the National Association of College and University Business Officers. This is an annotated tabulation of a study of questionnaires returned by 145 of approximately 1,500 institutions of higher learning selected to include all types, sizes, and locations. Its main purpose was to determine the extent to which institutions and their auditors follow the standards recommended in volume I, "College and University Business Administration," American Council on Education, 1952. Some of the important findings of the study are the following a high preponderance of institutions follow the recommended form of balance sheet in which the assets, liabilities, and fund equities are separated into balanced groups of related funds, a strong majority report restricted gifts as income only in the year and to the extent expended and the majority do not provide for depredation on any property; when provided for, the decided majority fund it as recommended.