I pick University of Kansas

It's from essential of accounting governmental not-for-profit

Obtain an annual report from a public college or university and answer the following question.

a) Does the institution report as a special-purpose entity engaged in (1) governmental-and business-type activities or (2) business-type-activities only? Are the financial statements appropriate, based on the chocie made by the institution?

b) Does the institution report a Statement of Net position? Is the statement in a classified format? What are the categories of Net Position reported on the Statement? List the major restricitions apperaring in restricted portion of Net Position. Is Unrestricted Net Position a positive or negative amount?

c) Does the institution report a Statement of Revenues, Expenses and Changes in Net Assets? If so, is a measure of operations reported? Are scholarships and fellowships, for which no service is provided, deducted from student tution and fees? Is the state appropriation for operations shown as nonoperating revenue? Are operating expenses reported by object I classification or by special or extraodinary items shown after non-operating revenues(expenses)? Does the statement reconcile to the ending net assets figure?

d) Does the institution report a Statement of Cash Flows? Is the direct method used, as required by GASB? Are the four categories required by GASB shown? If not, which is not shown? Are interest receipts shown as cash provided by investing activities and interest payments shown as cash used for financing activities? Are capital assets acquired shown as cash ussed for financing activities? Is a reconciliation schedule prepared, reconciling operating income to cash provided(used) for operations? Is the state appropriation for operations shown as cash provided by financing activities?