Public University System

It has a total of 234 thousand students on 10 different campuses. They were first organized 144 years ago and have been concentrating on delivering ground breaking educational services to stakeholders. ("Annual Financial Report," 2011) To determine if the university is fiscally sound requires carefully examining their financial statement and audit reports. This will be accomplished by studying the employee pension plan, analyzing how economic conditions will impact future growth, reviewing the treatment of federal grants and comparing how endowments are calculated. Together, these different elements will highlight the financial strength of the university and the way this is impacting the quality of services that are provided.

Identify and analyze the employee pension plan disclosures in the financial statements. Evaluate the impact of the GAASB proposed changes to the pension liabilities on the financial statements of the institution.

In the case of the employee pension plan, these...
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