Financing and Accounting for Vocational Colleges

Summary

Within the deregulated context of Fachhochschul policy concepts and instruments of business administration have become more relevant. New types of accountability which are not known in the traditional education system are required if institutions in a private legal form are funded with public money. This paper discusses the conditions to be fulfilled for a sufficient information of self and others. The author's conclusion is that a commercial rendering of accounts is not enough. To guarantee a uniform costs calculation additional governmental regulations are required.