Stanford University: Implementing FASB Statements 116 and 117
2002 | Case No. A184
In 1993, the Financial Accounting Standards Board issued two Statements, Number 116: Accounting for Contributions Received and Contributions Made, and Number 117: Financial Statements of Not-for-Profit Organizations. These required significant changes to the financial statements issued by nonprofit organizations. These are discussed in the context of Stanford University, a private, not-for-profit educational institution. Financial reporting prior to FAS 116 and 117, the objectives of FAS 116 and 117, and their implementation by Stanford are discussed. The case prepares students for a discussion of nonprofit financial reporting, fund accounting, donor-imposed restrictions, the various stakeholders, and the advantages or disadvantages of financial statements prepared under the provisions of FAS 116 and 117.
This material is available for download by current Stanford GSB students, faculty, and staff, as well as Stanford University alumni. For inquires, contact the Case Writing Office.
Available for Purchase