In recent years, with increase in government aid to educational institutions and increased donations by certain donor agencies, greater need is being felt for accountability of the financial resources used by the educational institutions. To ensure financial discipline in educational institution, there is urgent need of financial awareness, financial information and financial advice. Every educational institution must go for efficient and systematic financial management. In this paper attempt has been made to highlight the accounting practices, financial management and disclosure of accounting information presented in the financial statement of higher educational institutions.

SMSNOnline Accounting