Discussion Post
Obtain the most recent annual financial report for a private not-for-profit college/university. Select a school that has not already been used by a classmate. Do not select USC as we are using that report for our homework assignment. A variety, but not complete list, of private not-for-profit college/universities.
The audited financial reports can be found by "googling" the name of the school and searching their website.
It is not necessary to post a question to a fellow classmate.
• Clearly name the school and provide a link to the source document (website or link to a PDF).
• What public accounting firm performed the audit of the entity's financial statements?
• Does the entity have "donor restricted" net assets? What amount?
• Does the entity have "without donor restricted" net assets? What amount?
o Note - before ASU 2016-14 these were entitled temporarily and permanently restricted net assets.
• What is the largest asset on the balance sheet?
• What is the entity's largest source of revenue?
• Tell us something you found interesting in the report.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.