Two accounting standard setters: Divergence continues for nonprofit organizations
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 2012
Abstract
The ability of financial statement users, investors, donors and academic researchers to compare financial information issued by nonprofit universities, hospitals, fund-raising organizations and government agencies is affected by their understanding of current accounting recognition and reporting guidance. Public nonprofit organizations report different financial results from private nonprofit organizations. This study looks at the events that brought about the divergence in nonprofit financial accounting recognition and reporting for higher education institutions, discusses specific differences, and offers a look at additional changes in recognition and reporting for the sector currently underway.
Citation
Fischer, M. and Marsh, T. (2012), "Two accounting standard setters: Divergence continues for nonprofit organizations", Journal of Public Budgeting, Accounting & Financial Management, Vol. 24 No. 3, pp. 429-465. https://doi.org/10.1108/JPBAFM-24-03-2012-B003
Publisher
:Emerald Publishing Limited
Copyright © 2012 by PrAcademics Press