"Accounting Standards for Colleges and Universities"

Participate in the following activities in order to complete the discussion:

• Using Chapter 13 in the textbook, summarize the major types of colleges and universities. Identify the accounting standards that these educational institutions are required to follow.
• Imagine that you work in the accounting department of a university and your boss has asked you to prepare a financial statement presentation of the endowments.Discuss the three (3)types of endowments and how they are presented on the financial statements of a public and a private university or college.In your discussion explain the restrictions imposed on each type of endowment and the corresponding justification for designation as restricted or unrestricted.

**i could really use some assistance to get on the right track please