Question: Please go to the Internet and obtain the nancial report for the most recent year available of the following two (a public and a private)

Please go to the Internet and obtain the ﬁnancial report for the most recent year available of the following two (a public and a private) universities:
1. University of North Carolina at Chapel Hill
2. Duke University
Analyze the ﬁnancial reporting differences between these two universities based on the following:
a. Balance Sheet (the equity section)
b. Statement of Activities and Statement of Revenues, Expenses, and Changes in Net Position. What are the major differences in the items reported on these two statements?
c. Do both universities prepare a Statement of Cash Flows?

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a Balance Sheet University of North Carolina UNC is a public university and hence follows GASB standards for financial reporting Thus based on GAAP th... View full answer

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