FASB Financial Reporting for Tier 1 Research Examine FASB financial reporting requirements for a Tier I Research.
However since this is a group project I’m only required to do the Following subject for John Hopkins University. University financials included.
GAAP and Net Assets. The Financial Accounting Standards Board has the authority to establish and interpret generally accepted accounting principles in the United States. The Securities and Exchange Commission and American Institute of Certified Public Accountants both recognize FASB standards as the official authority for the basis and preparation of financial statements in the United States.