In order to assist college and university officials evaluating their institution's financial condition, a simplified workbook approach is presented. The approach encourages administrators to systematically examine the financial condition of their colleges with a tested and specified set of data-gathering and computational steps. The workbook approach also explains the relationships among the statistics and how those relationships can be used to develop a financial profile. The workbook contains median values that allow statistical comparisons among institutions. After describing the basis for assessing institutional strategies, data sources within the institution and procedures to be used in the financial self-assessment are examined. Worksheets to be used for recording data from institutional sources are presented. These data are the bases of the calculations in the workbook. Each worksheet covers one statistic and includes a discussion of the statistic's significance, median values for similar institutions, explanation of the calculation, interpretation and limitations of the statistics, and suggestions for further analysis. Four classes of indicators for financial self-assessment, on which the worksheets are based, are as follows: financial resources, flexibility, nonfinancial resources, and changes affecting financial resources. These four categories are further subdivided. Appended materials include calculations for the indicators, a glossary, and information on the steps of developing and testing the workbook. (SW)