ERIC Number: ED402884
Record Type: Non-Journal
Publication Date: 1995
Reference Count: N/A
Consolidating Financial Statements.
Wood, Marcia R.
This publication is designed to be a desktop reference and assist financial officers in both public and independent institutions of higher education in the preparation of consolidated financial statements. Chapter 1 covers generally accepted accounting principles and other accounting literature, and summarizes reporting rules of the Financial Accounting Standards Board (FASB) and the Government Accounting Standards Board (GASB). Chapter 2 describes methods of consolidation and reviews reporting relationships between two or more not-for-profit organizations and between not-for-profit and for-profit organizations. Chapter 3 focuses on elimination of intercompany transactions and conformity of accounting principles and display. Six appendices reprint, in whole or in part, consolidation guidelines, standards, and policies of the FASB, GASB, and the American Institute of Certified Public Accountants. (CH)
Descriptors: Accounting, College Administration, Educational Finance, Financial Audits, Financial Policy, Higher Education, Money Management, Nonprofit Organizations, Private Schools, School Accounting, School Business Officials, Standards
National Association of College and University Business Officers, One Dupont Circle, Washington, DC 20036 ($40 members; $60 nonmembers).
Publication Type: Guides - Non-Classroom; Books
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: National Association of College and University Business Officers, Washington, DC.