The book College And University Finance was written by author Trevor Arnett Here you can read free online of College And University Finance book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is College And University Finance a good or bad book?
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If mate- rials are purchased in large quantities, quite possible when information is gathered as to the annual needs of the college before placing orders, better terms can be secured than can be obtained by purchasing for the departments sepa- rately. Files of catalogues and price lists, and properly designed records and forms will facilitate purchasing. It goes without saying that the purchase of supplies and equipment cannot be delegated promiscuously to any member of a college staff. Negotia...tions for purchases should not be undertaken without authority from the trustees, either through budget authori- zation, or by specific or general action. After authorization has been obtained, it may be advisable to have the department concerned furnish a detailed description and specifications of the material or apparatus needed, and make suggestions as to the best source of supply. ACCOUNTING 95 To make purchases efficiently requires experience. Therefore, all purchases should be made by one college officer and employee only.
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