In Accounting for Not-For-Profit Public Universities, Endowment and Similar Funds

question 26

Essay

In accounting for not-for-profit public universities, Endowment and Similar Funds are commonly used.
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Required:
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a.List and briefly define the three types of endowments often found in the university environment.?
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b.Describe the accounting procedures for income earned on endowment funds.?
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c.Explain the use of investment pools.

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Definitions:

Compliance

The act of conforming to a request or command, often used in social psychology to discuss conformity and obedience.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics, or being similar to others.

Attitude Change

Attitude Change refers to the process by which an individual's feelings, beliefs, or positions on a topic are altered, often as a result of persuasion, new information, or personal experiences.

Cognitive Dissonance

The psychological unease felt when an individual simultaneously possesses conflicting beliefs, ideas, or values.