July 30, 1999

Board Proposes Changes in Accounting Standards for Public Colleges

By KIT LIVELY

The board that establishes accounting standards for public colleges has proposed standards that will bridge some of the differences in the ways that public and private institutions report their finances.

College business officers have long argued that the two sectors should be treated more similarly.

The Governmental Accounting Standards Board, known as GASB, indicated last March that it would recommend

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