Different formats, same user needs: A comparison of the FASB and GASB college and university financial reporting models

Accounting Horizons

Volumn 11, Issue 3, 1997, Pages 16-34

  Engstrom, John H ^a   Esmond Kiger, Connie ^b  

^a NORTHERN ILLINOIS UNIVERSITY   (United States)

^b WEBER STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0010765845     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: None     Document Type: Article

References (28)

1. American Accounting Association's Government and Nonprofit Accounting Section Standards Committee (AAA). 1995. Response to the GASB discussion document "Invitation to comment: College and university financial reporting model." Accounting Horizons 9 (3): 104-110.
2. American Institute of Certified Public Accountants (AICPA). 1973. Audits of Colleges and Universities. As amended by Statement of Position 74-8: Financial Accounting and Reporting by Colleges and Universities. New York, NY: AICPA.
3. -. 1995. Letter to the GASB from the AICPA Government Accounting and Auditing Committee, November 22.
4. -. 1996. Audit and Accounting Guide: Not-for-Profit Organizations. New York, NY: AICPA(June).
5. Chronicle of Higher Education. 1996. The Almanac of Higher Education - 1996. Washington, D.C.: Chronicle of Higher Education, Inc.
6. Engstrom, J. H. 1988. Information Needs of College and University Financial Decision Makers. Norwalk, CT: GASB.
7. Financial Accounting Standards Board (FASB). 1980. Objectives of Financial Reporting by Nonbusiness Organizations. Statement of Financial Accounting Concepts No. 4. Stamford, CT: FASB.
8. -. 1985. Employers' Accounting for Pensions. Statement No. 87. Stamford, CT: FASB.
9. -. 1987. Recognition of Depreciation by Not-for-Profit Organizations. Statement No. 93. Stamford, CT: FASB.
10. -. 1990a. Disclosure of Information about Financial Instruments with Off-Balance-Sheet Risk and Financial Instruments with Concentrations of Credit Risk. Statement No. 105. Norwalk, CT: FASB.
11. -. 1990b. Employers' Accounting for Postretirement Benefits Other Than Pensions. Statement No. 106. Norwalk, CT: FASB.
12. -. 1993a. Accounting for Contributions Received and Contributions Made. Statement No. 116. Norwalk, CT: FASB.
13. -. 1993b. Financial Statements of Not-for-Profit Organizations. Statement No. 117. Norwalk, CT: FASB.
14. -. 1995. Accounting for Certain Investments Held by Not-for-Profit Organizations. Statement No. 124. Norwalk, CT: FASB.
15. Governmental Accounting Standards Board (GASB). 1987. Objectives of Financial Reporting. Concepts Statement No. 1. Stamford, CT: GASB.
16. -. 1991. Governmental College and University Accounting and Financial Reporting Models. Statement No. 15. Norwalk, CT: GASB.
17. -. 1994. Invitation to Comment: College and University Financial Reporting Model. Governmental Accounting Standards Series No. 111-B. Norwalk, CT: GASB.
18. -. 1995a. Codification of Governmental Accounting and Financial Reporting Standards as of June, 1995. Norwalk, CT: GASB.
19. -. 1995b. Preliminary Views of the Governmental Accounting Standards Board on Major Issues Related to College and University Reporting Model: Core Financial Statements. Governmental Accounting Standards Series No. 123-B. Norwalk, CT: GASB.
20. -. 1996a. Respondent Comments on Comparability. Attachment 4, p. 1. Norwalk, CT: GASB.
21. -. 1996b. Accounting and Financial Reporting for Certain Investments and for External Investment Pools. Statement No. 31. Norwalk, CT: GASB.
22. -. 1997a. Exposure Draft: Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments. Governmental Accounting Standards Series No. 142-B. (January 31). Norwalk, CT: GASB.
23. -. 1997b. Exposure Draft: Accounting for Nonexchange Transactions. Governmental Accounting Standards Series No. 144-B. (March 21). Norwalk, CT: GASB.
24. -. 1997c. Exposure Draft: Basic Financial Statements - and Management's Discussion and Analysis - for Public Colleges and Universities. Governmental Accounting Standards Series No. 145-B. (April 25). Norwalk, CT: GASB.
25. KPMG Peat Marwick LLP, and Prager, McCarthy & Sealy. 1995. Ratio Analysis in Higher Education: Measuring Past Performance to Chart Future Direction (Independent Institutions). Third edition. KPMG Peat Marwick LLP and Prager, McCarthy & Sealy.
26. Moody's Investors Service. 1995. Perspectives on Higher Education: Moody's Introduces New Financial Ratios for Colleges and Universities: New Ratios Reflect FASB Nos. 116 and 117 Accounting Changes. New York, NY: Moody's Investors Service, Public Finance Department.
27. National Association of College and University Business Officers (NACUBO). 1996. Financial Accounting and Reporting Manual for Higher Education. FARM Release 96-3: section 206.1.
28. National Council on Governmental Accounting (NCGA). 1979. Governmental Accounting and Financial Reporting Principles. Statement No. 1. Chicago, IL: NCGA.