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Choice of accounting method by not-for-profit institutions accounting for investments by colleges and universities

Authors
Journal
Journal of Accounting and Economics
0165-4101
Publisher
Elsevier
Publication Date
Volume
18
Issue
2
Identifiers
DOI: 10.1016/0165-4101(94)00360-2
Keywords
  • Not-For-Profit Political Process
  • Accounting Choice

Abstract

Abstract This study reports a preliminary empirical investigation into the relation between the choice of investment accounting method used by colleges and universities and factors such as type of institution, endowment size and returns, and debt. Because these institutions use fund accounting, the effects of the choice of investment accounting method can reasonably be isolated from other accounting decisions. The results indicate that the selection of investment accounting method is influenced by type of institution, endowment size and returns, but not by debt covenants.

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