Finance

IPEDS collects finance data conforming to the accounting standards that govern public and private institutions. Generally, private institutions use standards established by the Financial Accounting Standards Board (FASB) and public institutions use standards established by the Governmental Accounting Standards Board (GASB). Data collected includes information about revenues by source (e.g., tuition and fees, government grants and contracts, private gifts); expenses by function (e.g., instruction, research, academic support, institutional support); assets and liabilities; and scholarships and fellowships.