• ISBN13: 9788126917082
• Binding: Paperback
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: May 26, 2012
• Pages: 166
• Original Price: INR 195.0
• Language: English
• Edition: N/A
• Item Weight: 190 grams
• BISAC Subject(s): Economics / General

Aspects of financial management that are relevant to educational institutions comprise the content of the book, which has been divided into five chapters. The first chapter is about the sources of funds and mobilization of resources. In this chapter, first the sources of funds available for educational institutions (schools, colleges and universities) have been described. Thereafter, the focus is on the inadequacy of public funds and the ensuing need for mobilization of resources in educational institutions. Following this, the means for resource mobilization have been elaborated. Finally, the need for ethics in resource mobilization has been highlighted. The second chapter is on accounting. It introduces the reader to the basics of maintenance of accounts. It includes discussions, in a stepwise manner, on the procedures of maintaining accounts as per the generally accepted accounting principles. First the need for accounting, thereafter the major concepts and conventions of accounting, and then the processes involved in accounting have been presented. The third chapter is on auditing. It includes content focusing on the concept of auditing and its importance, the techniques of auditing, internal auditing, audit programme and audit report. The fourth chapter on budgeting includes deliberations on the definition of budget and its importance, types of budget, approaches to budgeting including the modern ones, process of budgeting and budgetary control. The fifth chapter focuses on two important aspects of financial management—utilization of resources and monitoring financial transactions. The chapter is about the basic framework of financial management. Highlighted in this chapter are general principles of financial management as well as certain precautionary measures that are to be adopted so as to ensure that the financial resources of the institution can be safeguarded and expended in a judicious manner. The book will be useful to the teachers and administrators of schools, colleges and other educational institutions, particularly those who have to manage the financial aspects of such institutions.

Dr. Sutapa Bose, M.Sc., M.Ed., Ph.D., holds PG Diploma in Distance Education. He is Assistant Professor, School of Education, Indira Gandhi National Open University (IGNOU), New Delhi. Jayabrata Bose, M.Com., FICWA, is Deputy Secretary, Government of India, Ministry of Drinking Water and Sanitation, Integrated Finance Division, New Delhi.

• Preface
• 1. Sources of Funds and Resource Mobilization in Educational Institutions
• 1.1 Introduction
• 1.2 Objectives
• 1.3 Sources of Funds–1.3.1 Sources of funds for schools-- 1.3.1.1 Public funds
• 1.3.1.2 Private sources of funds–1.3.2 Sources of funds for universities--1.3.2.1 Public funds
• 1.3.2.2 Private sources of funds
• 1.4 Mobilisation of Resources–1.4.1 Mobilisation of resources in schools
• 1.4.2 Mobilisation of resources in institutions of higher education
• 1.4.3 Ethics in resource mobilisation
• 1.5 Summary
• 1.6 Self Assessment–1.6.1 Questions
• 1.6.2 Clues
• 1.7 Activities
• References
• 2. Accounting
• 2.1 Introduction
• 2.2 Objectives
• 2.3 What is Accounting?
• 2.4 The Accounting Equation
• 2.5 Concepts and Conventions in Accounting
• 2.6 Double Entry System: Classification of Accounts and Rules of Debit and Credit
• 2.7 Accounting Cycle
• 2.8 Capital and Revenue Transactions
• 2.9 Books of Accounts/Accounting Records
• 2.10 Final Accounts of Educational Institutions
• 2.11 Use of Computers in Accounting
• 2.12 Summary
• 2.13 Self Assessment–2.13.1 Questions
• 2.13.2 Clues–2.14 Activities
• References
• 3. Auditing
• 3.1 Introduction
• 3.2 Objectives
• 3.3 What is Auditing?–3.3.1 Objectives of auditing
• 3.3.2 Stages involved
• 3.3.3 Whom to have as auditor?–3.4 Techniques of Auditing
• 3.5 Internal Control: Internal Audit and Internal Check
• 3.6 Audit Programme
• 3.7 Audit Report
• 3.8 Summary
• 3.9 Self Assessment–3.9.1 Questions
• 3.9.2 Clues
• 3.10 Activities
• References
• 4. Budgeting
• 4.1 Introduction
• 4.2 Objectives
• 4.3 What is a Budget?–4.3.1 Importance of budgeting
• 4.3.2 Essentials of budgeting
• 4.4 Types of Budgets
• 4.5 Approaches to Budgeting–4.5.1 Shifting to new budgeting techniques–4.6 Process of Budgeting
• 4.7 Budgetary Control–4.7.1 Variance analysis
• 4.8 Flexible Budgeting
• 4.9 Budgeting with Sensitivity
• 4.10 Summary
• 4.11 Self Assessment–4.11.1 Questions
• 4.11.2 Clues–4.12 Activities
• References
• 5. Utilization of Resources and Monitoring Financial Transactions
• 5.1 Introduction
• 5.2 Objectives
• 5.3 Utilization of Financial Resources–5.3.1 Functioning within the framework of financial policies and rules
• 5.3.2 Maintaining accounts
• 5.3.3 Prioritization
• 5.3.4 Analyzing benefits and assessing risks
• 5.3.5 Linking strategic planning with financial planning
• 5.3.6 Decision making
• 5.3.7 Budgeting
• 5.3.8 Utilizing physical resources with prudence–5.4 Monitoring Financial Transactions and Safeguarding Resources–5.4.1 Safeguarding resources
• 5.4.2 Internal controls–5.5 Guiding Principles of Financial Management
• 5.6 Summary
• 5.7 Self Assessment–5.7.1 Questions
• 5.7.2 Clues–5.8 Activities
• References