Reporting cash flows: an investigation of college and university compliance with SFAS no. 117
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 2002
Abstract
Reporting cash flows is a relatively recent development in college and university financial reporting. An examination of the purported usefulness of cash flow information to the users of college and university financial statements including an examination of the relationship between accrual-based change in net assets and cash provided by operations found private universities have implemented the cash flow reporting requirements with a relatively high level of compliance employing the indirect format for reporting operating cash flows. The principal areas of deficiency were the reporting of split-interest, restricted gift activities and the required disclosures of cash outflows related to interest and taxes. The discussion of the compliance deficiencies and display findings leads to needed disclosure guidance and future research.
Citation
Fisher, M., Gordon, T., Myers Kraut, M. and Malone, D. (2002), "Reporting cash flows: an investigation of college and university compliance with SFAS no. 117", Journal of Public Budgeting, Accounting & Financial Management, Vol. 14 No. 3, pp. 331-359. https://doi.org/10.1108/JPBAFM-14-03-2002-B001
Publisher
:Emerald Publishing Limited
Copyright © 2002 by PrAcademics Press