TITLE

GASB Issues Statement No. 52, Land and Other Real Estate Held as Investments by Endowments

AUTHOR(S)
Loyd, Scot D.; Crawford, Micahel A.
PUB. DATE
December 2007
SOURCE
Governmental GAAP Update Service;12/30/2007, Vol. 7 Issue 24, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the Governmental Accounting Standards Board (GASB) GASB Statement No. 52 (GASB-52), "Land and Other Real Estate Held as Investments by Endowments." It addresses questions raised regarding the difference in accounting for land and other real estate held as investments between permanent and term endowments. It aimed to establish consistent accounting standards for reporting land and other real estate held as investments by essentially similar entities.
ACCESSION #
31220919

 

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