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ERIC Number: ED175322
Record Type: RIE
Publication Date: 1979-Jun
Reference Count: 0
Self-Assessment of Financial Condition. A Preliminary Edition of a Workbook for Small Independent Institutions.
Dickmeyer, Nathan; Hughes, K. Scott
A relatively simple method for self-assessment of the financial condition of small independent colleges is presented. The workbook is intended to assist trustees, presidents, and business officers in small independent colleges in evaluating their institution's financial condition. A check list of necessary evaluations and a guide for interpreting the evaluations are provided. The approach is analytic and diagnostic, promoting an assessment of the institution's financial strengths and weaknesses rather than a single overall "financial health" indicator. The theory and framework of the evaluation process are composed of three separate analytic steps or tiers, of which only the first, which involves examination of a limited number of easily calculated statistics, is considered in this preliminary version of the workbook. If the statistics suggest a sound financial condition, no further analysis is required. The worksheets used for calculating the statistics of the first tier are presented, and each statistic's purpose and significance are explained, with a step-by-step method for the calculation. A set of definitions is also provided to facilitate data gathering. Once the statistic has been calculated, the significance of the value of the statistic is also explained. (SC)
Descriptors: Administrator Guides, Check Lists, Economic Factors, Educational Finance, Evaluation Methods, Financial Problems, Higher Education, Private Colleges, Self Evaluation (Groups), Small Colleges, Statistical Analysis, Worksheets
National Association of College and University Business Officers, One Dupont Circle, Washington, DC 20036
Publication Type: Guides - Non-Classroom
Education Level: N/A
Sponsor: National Center for Education Statistics (DHEW), Washington, DC.
Authoring Institution: National Association of College and University Business Officers, Washington, DC.; American Council on Education, Washington, DC.
Identifiers: Financial Indicators