Faculty at research institution receive financial accounting support to better understand spending

Our client’s need

The dean of a college at a private, mid-sized research institution wanted to understand the accounting of the college’s accounts after he learned his business manager had been providing him with inaccurate information and accounts had been overspent. The objective of the engagement was to evaluate the college’s budget to actual reporting.

Baker Tilly solution

Baker Tilly reviewed all accounting and transactional information for all college accounts and developed detailed financial reports for each college account.

Results achieved

The dean was able to better understand spending on each of his accounts, what funds he had available left to spend, and ultimately was equipped with the tools he needed for strategic decision-making within his unit.

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.