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Write a 700- to 1,050-word paper that analyzes the differences between generally accepted accounting principles for public and private colleges and universities.
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Explain why it is important to identify whether the institution is Public or Private.
Clarify which of the two—public or private—follow the same reporting guidelines as nongovernmental not-for-profit organizations.
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Analyze, in general terms, the financial statements that must be prepared by a private college or university and those that must be prepared by a public college or university.
Identify the major format differences in financial reporting for public and private colleges and universities.
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Formulate an opinion about which statement provides more transparent information regarding revenues and on the amounts of restricted resources.
Format your assignment according to APA guidelines.
