Discussion: "Accounting Standards for Colleges and Universities"
Public and Private institutions, Summarize the major types of colleges and universities. Identify the accounting standards that these educational institutions are required to follow.
Imagine that you work in the accounting department of a university and your boss has asked you to prepare a financial statement presentation of the endowments. Discuss the three types of endowments and how they are presented on the financial statements of a public and a private university or college. In your discussion explain the restrictions imposed on each type of endowment and the corresponding justification for designation as restricted or unrestricted.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.