There are two acceptable alternatives to the Statement of Activities for private colleges and universities. First, the Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets. This includes sections for the unrestricted revenues, the Net Assets Released from Restrictions, and Expenses and Losses leading to the total increase in Unrestricted Net Assets. The other is the Statement of Changes in Net Assets. This includes sections for Unrestricted Revenues, Temporary Restricted net assets, and permanently restricted net assets.
There are two acceptable alternatives to the Statement of Activities for private colleges and universities. First, the Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets. This includes sections for the unrestricted revenues, the Net Assets Released from Restrictions, and Expenses and Losses leading to the total increase in Unrestricted Net Assets. The other is the Statement of Changes in Net Assets. This includes sections for Unrestricted Revenues, Temporary Restricted net assets, and permanently restricted net assets.
ReplyDelete