This case scenario highlights some of the issues round the effect of SFAS 117 and 124 as well as the part of an endowment fund on it.
Supplies a good vehicle for discussing the issue of revenue recognition with respect to endowments, and identifying the role of restricted versus unrestricted income.
PUBLICATION DATE: June 30, 2012 PRODUCT #: TCG215-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING