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CostStructureofPost SecondaryEducation GuidetoMakingActivityBasedCosting MeaningfulandPractical MariaAnguiano, SeniorAdvisor BillandMelindaGatesFoundation:PostSecondaryEducation Success 122013 TableofContents
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How to fill out ipedsfunctionalexpensecategoryinformationcollectedampdefinitions
How to fill out ipedsfunctionalexpensecategoryinformationcollectedampdefinitions:
01
Start by accessing the IPEDS (Integrated Postsecondary Education Data System) website and locating the section for functional expense category information.
02
Familiarize yourself with the definitions of the different functional expense categories provided by IPEDS. These categories include instruction, research, public service, academic support, student services, institutional support, operation and maintenance of plant, scholarships and fellowships, and auxiliary enterprises.
03
Collect the necessary financial data for each functional expense category from your institution's financial records. This may include information on salaries, benefits, supplies, equipment, and other expenses associated with each category.
04
Use the definitions provided by IPEDS to allocate your institution's expenses into the appropriate functional expense categories. This may require reviewing and categorizing individual transactions or making estimates based on the nature of the expenses.
05
Double-check your allocations and ensure that all expenses are accounted for and properly categorized according to the IPEDS definitions.
06
Once you have completed filling out the ipedsfunctionalexpensecategoryinformationcollectedampdefinitions, review the information for accuracy and make any necessary revisions or adjustments.
07
Submit the filled-out ipedsfunctionalexpensecategoryinformationcollectedampdefinitions form to the designated authority or system specified by IPEDS.
Who needs ipedsfunctionalexpensecategoryinformationcollectedampdefinitions:
01
Higher education institutions, including colleges and universities, are typically required to provide this information as part of their reporting obligations to IPEDS.
02
Educational policymakers and researchers may also use this information to analyze and compare the functional expense patterns of different institutions or to understand the distribution of financial resources within a particular institution.
03
Accreditation agencies and other bodies involved in assessing institutional effectiveness and financial sustainability may also require this information for evaluation purposes.
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What is ipedsfunctionalexpensecategoryinformationcollectedampdefinitions?
ipedsfunctionalexpensecategoryinformationcollectedampdefinitions refers to the data collected and definitions used for functional expense categories in IPEDS (Integrated Postsecondary Education Data System).
Who is required to file ipedsfunctionalexpensecategoryinformationcollectedampdefinitions?
All eligible higher education institutions that participate in IPEDS are required to file ipedsfunctionalexpensecategoryinformationcollectedampdefinitions.
How to fill out ipedsfunctionalexpensecategoryinformationcollectedampdefinitions?
Institutions can fill out ipedsfunctionalexpensecategoryinformationcollectedampdefinitions by following the guidelines provided by IPEDS and submitting the necessary data through the designated platform.
What is the purpose of ipedsfunctionalexpensecategoryinformationcollectedampdefinitions?
The purpose of ipedsfunctionalexpensecategoryinformationcollectedampdefinitions is to collect data on functional expense categories to improve transparency and accountability in higher education financial reporting.
What information must be reported on ipedsfunctionalexpensecategoryinformationcollectedampdefinitions?
Institutions must report on categories such as instruction, research, student services, institutional support, and other functional expenses as defined by IPEDS.
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