Resources in Education: From Accounting to the Resource Cost Model Approach

Title:	Resources in Education: From Accounting to the Resource Cost Model Approach
Description:	This report focuses on two approaches to measurement of resources in education: an accounting approach and a resource-based approach. The accounting approach measures resources in dollars of expenditure. The resource-based approach emphasizes the measurement of resources in terms of physical ingredients, such as teaching staff. The comparison of the accounting and the resource-based approaches explores the differences in the way accountants' and economists' view the concepts of cost and expenditure. The report focuses on the development of a framework for organizing and analyzing programmatic cost, expenditure, and resource data for local educational agencies serving elementary and secondary students.
Online Availability:	Download, view and print the report as a pdf file. (327KB)
Cover Date:	June 1999
Web Release:	June 16, 1999
Print Release:	June 16, 1999
Publication #:	NCES 199916 General Ordering Information
Center/Program:	NCES
Authors:	Jay G. Chambers
Type of Product:	Working Paper
	Working Papers provide preliminary analysis of substantive, technical, and methodological issues. They are works in progress that are presented to promote the sharing of valuable work experience and knowledge. These papers have not undergone a rigorous review for consistency with NCES standards.
Survey/Program Areas:	Education Finance Statistics Center (EDFIN)
Keywords:	Finance • elementary and secondary schools Public School Finance
Questions:	For questions about the content of this Working Paper, please contact: Stephen Cornman.