The Joint Accounting Group (JAG) has as its primary goal to develop a capability to provide uniform transactional finance data at the institutional level. Such data should effectively meet the needs of public reporting, institutional financial management, and program planning. The group believes that the attainment of this goal requires uniformly acceptable definitions of accounting terms and standardized categories for the classification of transactional financial data. Three documents dealing with various aspects of higher education financial accounting and reporting were being developed, and it was decided that these three efforts should be compatible and that, if possible, they should be based on uniform definitions of transactional financial data. The documents are "Audits of Colleges and Universities,""Administrative Services," and "Higher Education Finance Manual." This document presents JAG recommendations on these three documents in the area of definitions, data categories, and report formats. Appendixes contain JAG current funds revenue categories, JAG current fund expenditure and mandatory transfer categories, and JAG expenditure categories and the program classification structure. (Author/PG)