How would the statement of cash flow be different if a private university were a public college or university? Why would these differences be necessary?

The university reports a certain amount of unrestricted net assets each year. Suppose a student complained in a letter to the university president that the institution is holding back resources that should properly be used to increase faculty salaries; acquire computers and other equipment; and improve classroom facilities. What would your response be, as an accountant?

Suppose that a private university elected to report as a special-purpose government engaged in governmental and business-type activities. How would the financial statements differ from those presented? What are the pros and cons associated with reporting under each approach?

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CASH FLOW STATEMENT Meaning A cash flow statement is a financial statement that shows how changes in ... View the full answer