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What are Faculty Discretionary Accounts?
Faculty Discretionary Accounts are established by universities or corporates that helps in understanding the different sources and uses of funds from the faculty discretionary account. The sources of funds are initiated and approved by the senior authorities of the corporate that is used for the betterment and any other resource for the corporate/University.
Uses of Funds
- Following are the uses of funds in discretionary accounts:
- Resource support for research/scholarship
- Purchasing of work related products
- Resources and meals used for seminars and meetings
To understand the policy of such accounts, students need to discover the same by resourcing complete database for a particular university. Now, to do the same, it requires lot of initiation and rejection from many corporates because of confidential issues.
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