Managing Money In Higher Education ( William Vandament ) free essay sample

A critical review of this work aimed at school administrators with little fiscal experience. Introduction Institutions of higher learning operate in unique financial environments which balance the needs of nonprofit institutions (in most cases) with the need to provide a high quality education to students. Administrations in higher education must bring together the often conflicting requirements of students, faculty, alumni and the community at large in order to meet their obligations to the various stakeholders of the institution. In some cases, research is conducted at the institution and the facultys reputation is critical to the long-term success of the organization; in other cases, one (or more) schools in the university may greatly influence the schools reputation. Still other schools have outstanding and highly visible athletic programs which serve to market the school to both athletes and nonathletes. All colleges