An alumnus (pl. alumni) according to the American Heritage Dictionary is "a graduate or former student of a school, college, or university." In addition, an alumna (pl. alumnae) is "a female graduate or former student of a school, college, or university."
If a group includes more than one gender, even if there is only one male, the plural form alumni is used.
For more information or read click here.
Disclaimer: The views described here are just the authors view.
Tuesday, July 7, 2009
Educational institutions are industrial establishments: High Court of Kerala, India
The Kerala High Court today (July 3rd 2009) said educational institutions are industrial establishments. A Division Bench comprising Justice K Balakrishnan Nair and Justice C T Ravikumar, while dismissing a batch of petitions challenging them inclusion of private schools under the ESI Act, observed that in a Supreme Court decision, educational institutions were industrial establishments and comes under the ESI Act.
The court also ratified the State Government order by which the Government schools were brought under the provisions of ESI Act. The ESI Act is a beneficial legislation, which should be interpreted liberally, the bench added.
News Courtesy:
newKerala.com
Disclaimer: The views described here are just the authors view.
The court also ratified the State Government order by which the Government schools were brought under the provisions of ESI Act. The ESI Act is a beneficial legislation, which should be interpreted liberally, the bench added.
News Courtesy:
newKerala.com
Disclaimer: The views described here are just the authors view.
What does CEU stand for?
CEU is acronym for Continuing Education Unit. The term is mainly used in United States.
For further reading:
Wikipedia
Disclaimer: The views described here are just the authors view.
For further reading:
Wikipedia
Disclaimer: The views described here are just the authors view.
What are Course Credits?
Courses taken in colleges are measured in terms of hours. Each credit hours correspond to some n hours. The hours differ from college to college and from university to university. The state or the institution sets a minimum number of credits required to graduate.
In other words it is to help meet completion requiremens for courses, allowing a student to get closer to graduating. Students are often awarded college credit hours for honors classes or for life or work experience equivalent to course training.
For example:- A 15 credit hour semester schedule would mean you should be in the classroom for 15 hours per week. That is not easy considering you need to prepare at least 2-3 hours out of class in studying and assignments.
But some institutes use this as a weightage of a course. For Example in IIM, Bangalore, courses are listed on 1, 2 or 3 credit courses depending on the indicated workload for each course. The generally accepted thumb rule is that a 3 credit course involves about 100 hours of work. Out of this 100 hours one-third is classroom and rest outside the class in preparation of assignments etc. See the credits associated with each course of the Doctoral program in IIMB. Click here.
For more information:
Admissions Blog
Disclaimer: The views described here are just the authors view.
In other words it is to help meet completion requiremens for courses, allowing a student to get closer to graduating. Students are often awarded college credit hours for honors classes or for life or work experience equivalent to course training.
For example:- A 15 credit hour semester schedule would mean you should be in the classroom for 15 hours per week. That is not easy considering you need to prepare at least 2-3 hours out of class in studying and assignments.
But some institutes use this as a weightage of a course. For Example in IIM, Bangalore, courses are listed on 1, 2 or 3 credit courses depending on the indicated workload for each course. The generally accepted thumb rule is that a 3 credit course involves about 100 hours of work. Out of this 100 hours one-third is classroom and rest outside the class in preparation of assignments etc. See the credits associated with each course of the Doctoral program in IIMB. Click here.
For more information:
Admissions Blog
Disclaimer: The views described here are just the authors view.
Who is a Bursar?
A Bursar is a senior professional financial administrator in a school or university. According to the bursar's website at San Jose State University, "Bursar is a term unique to higher education and means a Business Officer, or Custodian of University Funds. Our office is responsible for the billing and collection of tuition, fees, campus housing and other university related charges." [1]
In India it is in the following lines according to the Lady Doak College, Madurai website:
"As the financial officer of the college, the Bursar is responsible for all financial transactions, budgeting, cash control, financial planning & predictions and scholarships. She/He supervises the non-teaching staff and prepares the Budget. In the discharge of his/her duties, the Bursar acts in consultation with the Principal." [2]
Bursa is a Latin word meaning "purse". Billing of student tuition accounts are the responsibility of the Office of the Bursar. This involves sending bills and making payment plans with the ultimate goal of getting the student accounts paid off. Bursars are not necessarily involved in the financial aid process. [3]
References:
[1] San Jose State University
[2] Lady Doak College, Madurai, India
[3] Wikipedia
Disclaimer: The views described here are just the authors view.
In India it is in the following lines according to the Lady Doak College, Madurai website:
"As the financial officer of the college, the Bursar is responsible for all financial transactions, budgeting, cash control, financial planning & predictions and scholarships. She/He supervises the non-teaching staff and prepares the Budget. In the discharge of his/her duties, the Bursar acts in consultation with the Principal." [2]
Bursa is a Latin word meaning "purse". Billing of student tuition accounts are the responsibility of the Office of the Bursar. This involves sending bills and making payment plans with the ultimate goal of getting the student accounts paid off. Bursars are not necessarily involved in the financial aid process. [3]
References:
[1] San Jose State University
[2] Lady Doak College, Madurai, India
[3] Wikipedia
Disclaimer: The views described here are just the authors view.
What is GASB?
GASB stands for Governmental Accounting Standards Board. It is a private, non-governmental organization in US which establishes accounting standards (as per GAAP [http://en.wikipedia.org/wiki/US_GAAP]) for governmental (public sector) entities. The mission of the board is to establish and improve standards for users.
For a complete list of GASB Statements click here. [http://en.wikipedia.org/wiki/List_of_GASB_Statements]
The similar one for the private organizations is called FASB [http://en.wikipedia.org/wiki/FASB]. Though there are no enforcement powers, failure to comply with the standards will let down the credit worthiness and their ability to borrow or issue bonds.
Why does Governmental accounting standards and that of private organizations differ?
Governments are fundamentally different from for-profit business enterprises in several important ways. They have different purposes, processes of generating revenues, stakeholders, budgetary obligations, and propensity for longevity. These differences require separate accounting and financial reporting standards in order to provide information to meet the needs of stakeholders to assess government accountability and to make political, social, and economic decisions. Due to their unique operating environment, governments have a responsibility to be accountable for the use of resources that is significantly different from business enterprises. Although businesses receive revenues from a voluntary exchange between a willing buyer and seller, governments obtain resources primarily from the involuntary payment of taxes. Taxes paid by an individual taxpayer often bear little direct relationship to the services received by that taxpayer. Overall, taxpayers collectively focus on assessing the value received from the resources they provide to government.
References:
http://tasbrmf.com/library/gasb.aspx
For more information visit:
Question: Why is GASB discussed here in Higher Education perspective?
Answer: In the Higher Education domain in US, education institutions are public sector entities. So they must adhere to these standards set for public sector entities.
Disclaimer: The views described here are just the authors view.
For a complete list of GASB Statements click here. [http://en.wikipedia.org/wiki/List_of_GASB_Statements]
The similar one for the private organizations is called FASB [http://en.wikipedia.org/wiki/FASB]. Though there are no enforcement powers, failure to comply with the standards will let down the credit worthiness and their ability to borrow or issue bonds.
Why does Governmental accounting standards and that of private organizations differ?
Governments are fundamentally different from for-profit business enterprises in several important ways. They have different purposes, processes of generating revenues, stakeholders, budgetary obligations, and propensity for longevity. These differences require separate accounting and financial reporting standards in order to provide information to meet the needs of stakeholders to assess government accountability and to make political, social, and economic decisions. Due to their unique operating environment, governments have a responsibility to be accountable for the use of resources that is significantly different from business enterprises. Although businesses receive revenues from a voluntary exchange between a willing buyer and seller, governments obtain resources primarily from the involuntary payment of taxes. Taxes paid by an individual taxpayer often bear little direct relationship to the services received by that taxpayer. Overall, taxpayers collectively focus on assessing the value received from the resources they provide to government.
References:
http://tasbrmf.com/library/gasb.aspx
For more information visit:
- http://www.buckconsultants.com/buckconsultants/default.aspx?tabid=250
- http://www.ebctpa.com/default.aspx?pageid=gasbfaq
Question: Why is GASB discussed here in Higher Education perspective?
Answer: In the Higher Education domain in US, education institutions are public sector entities. So they must adhere to these standards set for public sector entities.
Disclaimer: The views described here are just the authors view.
Friday, July 3, 2009
What is a Course Catalog?
A Course Catalog lists all courses offered by a college or university. The institutions publish such catalogs before start of each academic year in order to enable the prospective candidate learn about the courses offered in the institution.
For Example take a look at the Courses offered by Harvard University. It offers so many courses that you have to search the catalog using their website. Try it out.
Also browse through the course catalog of IIM Calcutta, India
A course catalog thus contains the following at the bare minimum:
* Course Title
* Department (This may not be written in the catalog for each course, but a department lists its courses)
* Credit hours
* Co-requisites or pre-requisites for taking a course
* Fee information
* Restrictions, if any
Disclaimer: The views described here are just the authors view.
For Example take a look at the Courses offered by Harvard University. It offers so many courses that you have to search the catalog using their website. Try it out.
Also browse through the course catalog of IIM Calcutta, India
A course catalog thus contains the following at the bare minimum:
* Course Title
* Department (This may not be written in the catalog for each course, but a department lists its courses)
* Credit hours
* Co-requisites or pre-requisites for taking a course
* Fee information
* Restrictions, if any
Disclaimer: The views described here are just the authors view.
What is co-requisite?
Definition of Co-requisite:
A co-requisite is a formal course of study required to be taken simultaneously with another course.
Definition Courtesy: Merriam-Webster
Example from UTICA College website:
Course Descriptions
EDU 471 – Student Teaching Seminar (0) F,S
Discuss issues relevant to student teaching.
Classroom management, professional behavior, certification, supervision, portfolio development, and professional portfolio. Meets weekly.
Co-requisite: Education 475,476.
EDU 475 – Student Teaching I (6) F,S
Supervised teaching experience in either elementary or secondary schools with seminars and conferences required. Includes discussions, written assignments,
and evaluations. Graded on a pass/fail basis.
Prerequisite: The preparation course sequence in either Early Childhood, Childhood, Middle Childhood, Adolescence, Teaching English to Speakers of Other Languages,
or Business and Marketing Education.
Co-requisite: Education 476. Permission of director required.
EDU 476 – Student Teaching II (6) F,S
Supervised teaching experience in either elementary or secondary schools with seminars and conferences required. Includes discussions, written assignments,
and evaluations. Graded on a pass/fail basis. Prerequisite: The preparation course sequence in either Early Childhood, Childhood, Middle Childhood, Adolescence, Teaching English to Speakers of Other Languages, or Business and Marketing Education.
Co-requisite: Education 476. Permission of director required.
From the above example you can understand the difference between pre-requisite and co-requisite.
A co-requisite is a formal course of study required to be taken simultaneously with another course.
Definition Courtesy: Merriam-Webster
Example from UTICA College website:
Course Descriptions
EDU 471 – Student Teaching Seminar (0) F,S
Discuss issues relevant to student teaching.
Classroom management, professional behavior, certification, supervision, portfolio development, and professional portfolio. Meets weekly.
Co-requisite: Education 475,476.
EDU 475 – Student Teaching I (6) F,S
Supervised teaching experience in either elementary or secondary schools with seminars and conferences required. Includes discussions, written assignments,
and evaluations. Graded on a pass/fail basis.
Prerequisite: The preparation course sequence in either Early Childhood, Childhood, Middle Childhood, Adolescence, Teaching English to Speakers of Other Languages,
or Business and Marketing Education.
Co-requisite: Education 476. Permission of director required.
EDU 476 – Student Teaching II (6) F,S
Supervised teaching experience in either elementary or secondary schools with seminars and conferences required. Includes discussions, written assignments,
and evaluations. Graded on a pass/fail basis. Prerequisite: The preparation course sequence in either Early Childhood, Childhood, Middle Childhood, Adolescence, Teaching English to Speakers of Other Languages, or Business and Marketing Education.
Co-requisite: Education 476. Permission of director required.
From the above example you can understand the difference between pre-requisite and co-requisite.
What is Higher Education?
Higher education is referred to the education offered by universities or colleges that helps in attaining either a degree or professional certificate at the end of the stipulated course of study.
The education system differs in different countries. But the following countries is considered to be the adobe of higher studies as they offer higher quality education and related services to the student community:
1. US
2. UK
3. Australia etc
Even though developing countries like India are catching up in the stream of higher education they are far behind of those offered by their counterparts in other parts of the world. The University of Cambridge in UK, The Harvard University in US are very prestigious institutions in this area.
You will find more information about how the education is managed in various parts of the world through this blog in parts. Enjoy reading.
Disclaimer: The views described here are just the authors view.
Reference: Wikipedia
The education system differs in different countries. But the following countries is considered to be the adobe of higher studies as they offer higher quality education and related services to the student community:
1. US
2. UK
3. Australia etc
Even though developing countries like India are catching up in the stream of higher education they are far behind of those offered by their counterparts in other parts of the world. The University of Cambridge in UK, The Harvard University in US are very prestigious institutions in this area.
You will find more information about how the education is managed in various parts of the world through this blog in parts. Enjoy reading.
Disclaimer: The views described here are just the authors view.
Reference: Wikipedia
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