A Recommended Reporting Format for College and University Financial Statements.
解释并说明高校财务报表应如何呈现，以满足财务会计准则委员会概念框架的相关性要求，并讨论政府会计准则委员会对公立学校的豁免情况。
Abstract This article aims to explain and illustrate how colleges and universities financial statements should be presented to effectively meet the relevance requirement of the Financial Accounting Standards Boards (FASB) conceptual framework. Some colleges and universities are private institutions while others are operated by governmental entities. While the FASB has jurisdiction over the accounting practices followed by private schools, the Governmental Accounting Standard Boards (GASB) has the authority to prescribe the accounting practices followed by state schools. As a result the GASB had to either accept or reject the application of the FASB requirement to state schools. Shortly after the issuance of the FASB statement, the GASB reacted to the statement by issuing a statement exempting state schools from its requirements.