Within the higher education sector, financial issues are seen as of increasing importance to the extent that virtually everyone in the sector requires some financial knowledge. At the same time the issues can be very varied and complex, ranging from the strategic allocation of resources at the national level down to the detailed financial management of activities at higher education departmental level. This book aims to explain the key issues in finance and management in higher education. It is a professional guide that is authoritative and comprehensive enough for professional accountants, yet accessible to non-finance professionals, with case-studies and examples throughout. The authors avoid looking at financial issues in isolation but consider the context in which higher education operates, including: the structure and culture of the sector, funding approaches, organizational arrangements, and the impact of recent policies on financial management. All key areas of finance are covered, including: financing structures, allocating resources, strategic financial planning, managing budgets, costing and pricing, financial control and audit, financial accounting and accountability, the role of the finance department, and improving performance.