This reference guide presents the basic accounting concepts, terminology, and definitions used by colleges and universities. The guide, a companion to the National Association of College and University Business Officers' (NACUBO's) online self-study course of the same name or a standalone reference, compares college and university accounting…

The role of the U.S. government in higher education finance and the ability and willingness of the states to support higher education at past levels are discussed. In the United States, financing is decentralized and pluralistic: federal, state, and local governments--as well as students, alumni, and private enterprise--all contribute. The states,…