Response to the GASB Discussion Document "Invitation to Comment: College and University Financial Reporting Model"
本文是美国会计学会对政府会计准则委员会关于公立高校财务报告模型讨论文件的评论，指出不同准则导致康奈尔大学需编制两套财务报告，造成混淆。
Abstract This article presents the American Accounting Association's comment to the Governmental Accounting Standards Board (GASB) discussion document Invitation to Comment: College and University Financial Reporting Model. The Invitation to Comment (ITC) addresses issues that the GASB believes are fundamental to the development of a comprehensive financial reporting model for public colleges and universities. The ITC includes a presentation of frameworks for the basic financial statements of three reporting model alternatives and the underlying objectives and features of each model. Financial statement users and preparers have an opportunity to be confused by the different financial reporting conclusions. Cornell University illustrates the confusion. As a private institution, Cornell is under the jurisdiction but four of Cornell's Colleges and Schools are partially funded by the State of New York and must abide by GASB rules. These differences result in two financial reports being prepared: one using FASB guidelines for Cornell's use and another report using GASB rules for the State of New York. Preparation of the two reports using different GAAP forces Cornell to use two different accounting system.