The authors discuss 258 undergraduate business majors' perceptions of the nature and uses of financial and managerial accounting. Perceptions were measured with Stapel Scales constructed on 11 descriptive statements. Findings indicated that students distinguish between financial and managerial accounting, but that they do not view the two as…

Sequential and retrievable records combined with listed internal control techniques are the basics of accounting. (MLF)

Outlines a process to select a qualified independent auditor for school districts. References to New York State's laws and regulations are included. (MLF)

Explains the goals and how school systems can participate in the Certificate of Excellence Program of the Association of School Business Officials International. (MLF)

Employs a sample of 140 graduates from 2 subject areas (economics and accounting/management science) at Southampton University (England) to investigate the university's degree classification system using various statistical analysis techniques. Since students perform best in core subjects, those with little variety in degree courses have…

The Internal Revenue Service is finding that a number of colleges have failed to withhold proper amounts of tax from employees, evaded required payments of unrelated-business income tax, allowed students to avoid paying certain Social Security taxes, and allowed foreign students to avoid tax withholding on most income. (MSE)

The Internal Revenue Service has begun to question more seriously the accounting methods used by universities to determine unrelated business income tax (UBIT). Current and future impact of the UBIT are discussed, and a method of calculating the tax is detailed. (Author/MSE)

Accounting students (n=237) perceived closed-mindedness and one-sided communication as the most serious barriers to communication in campus interviews; they viewed barriers as less serious than did business students. Recruiters were less concerned than students with prejudice/bias and lack of feedback and more with lack of credibility or interest.…

The Association of School Business Officials International is establishing the Meritorious Budget Award Program to critique school district budgets. Recently several school districts agreed to apply the criteria from the program to their budgets. The experiences of two Pennsylvania districts are reported: Mt. Lebanon School District, Pittsburgh…

Outlines internal-auditing strategies necessitated by decentralization. Describes the following areas of concern: the student activities account, student attendance, and funding delegated to the site level. Guidelines for conducting an internal audit are also included. (LMI)

Describes the Association of School Business Officials' (ASBO's) Certificate of Excellence for Financial Reporting review process for school district accounting and financial reporting. Describes the Self-Evaluation Worksheet revision, the panel of review members' guide, and highlights of program year 1994. Two figures are included. (LMI)

Fund accounting, currently used by many colleges and universities to report their economic performance, may obscure rather than clarify the facts for institutional constituencies. Global accounts are more thorough and descriptive of the institution's financial status, and can be used in conjunction with traditional accounting. (MSE)

A permanent inhouse auditor at the Tacoma (Washington) school district provides assurance to the administration that complex systems and procedures are effective and that financial reports are accessible. Lists criteria for defining the auditor's role and methods for evaluating the auditor. (MLF)

Many university athletics departments are running significant deficits, making critical full reporting on all expenses, by sport. Anything less than full disclosure by sport of all related expenses misleads institutional leaders, students, alumni, and legislators into believing that football and men's basketball teams can bankroll…

To foster lifelong learning, accounting teachers should focus on developing critical thinking skills. Strategies include creating a climate of inquiry, encouraging divergent thinking, providing feedback, focusing on process not content, and designing evaluations that reflect higher order problem solving. (SK)