Address the following: 

Examine FASB financial reporting requirements for a private college. Apply basics of GAAP pertaining to categorizing restrictions on net assets. Evaluate whether the entity is subject to the requirements of the Single Audit Act and the provisions of Office of Management and Budget.

Answer rating: 100% (QA)

FASB financial reporting requirements for a private college Financial Accounting Standards Board FASB The Financial Accounting Standards Board FASB is the independent private sector notforprofit organ... View the full answer