ERIC Number: EJ520103
Record Type: CIJE
Publication Date: 1996
Reference Count: 0
Accounting for Endowment Losses: An Examination of Two Approaches.
Jones, M. Paul; Swieringa, Robert J.
Business Officer, v29 n8 p38-43 Feb 1996
Two accounting strategies for classifying college or university endowment losses are compared: reduction of permanently restricted net assets and reduction of unrestricted net assets. The approaches differ in their effects on classification of net assets only when capital losses on endowment investments bring the fund below the level required in perpetuity. An example of an accounting situation is offered. (MSE)
Descriptors: Classification, College Administration, Endowment Funds, Higher Education, Money Management, Recordkeeping, School Accounting
National Association of College and University Business Officers. 1110 Vermont Avenue NW Suite 800, Washington, DC 20005. Tel: 800-462-4916; Tel: 202-861-2500; Fax: 202-861-2583; Web site: http://www.nacubo.org
Publication Type: Reports - Evaluative; Numerical/Quantitative Data; Journal Articles
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: N/A