Assignment -

Select a public university system and review the financial statements and audit report for the system.

Write a three to four (3-4) page paper in which you:

1. Identify and analyze the employee pension plan disclosures in the financial statements. Evaluate the impact of the GAASB proposed changes to the pension liabilities on the financial statements of the institution.

2. Identify and analyze the economic conditions that will affect the future growth and success of the institution.

3. Review and evaluate the treatment of federal grants such as Pell grants, supplemental grants, and work study on the revenue reported for the institution.

4. Compare the treatment of endowments, earnings on endowments, and restricted funds with GAASB requirements.

The specific course learning outcomes associated with this assignment are:

• Evaluate the financial reporting of government not for profit organizations and assess the reporting requirements in accordance with governmental accounting standards board (GASB).

• Use technology and information resources to research issues in government and not-for-profit accounting.

• Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics.