Two accounting standard setters: one industry

Abstract

The ability of investors, taxpayers and researchers to compare financial statements issued by hospitals, universities and other governmental agencies is affected by their understanding of current accounting and reporting rules. Publicly owned not-for-profit organizations report different financial results from those that are privately owned. This study looks at the historical events that brought about the accounting and reporting divergences, discusses the recognition and reporting differences, and explores the implications for statement users.

Citation

Fischer, M. (1997), "Two accounting standard setters: one industry", Journal of Public Budgeting, Accounting & Financial Management, Vol. 9 No. 2, pp. 251-284. https://doi.org/10.1108/JPBAFM-09-02-1997-B004