What Are the Criteria Outlined in GASB Statement 39

question 87

Essay

What are the criteria outlined in GASB Statement 39:
Determining Whether Certain Organizations Are Component Units for requiring public college foundations to be reported as discretely presented components in the college's financial reports?

Identify the importance of espoused values and their proclamation in organization culture.

Grasp the concept of depth within organizational culture and the role of values.

Learn about the universal values emphasized in corporate cultures.

Understand the impact of countercultures on organizational ethical conduct and conflict.

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Definitions:

Reported Earnings

Reported earnings refer to the net income of a company as stated in its income statement, in compliance with the relevant accounting standards.

Seizure of Collateral

The act of a lender taking possession of the collateral pledged against a loan in the event of default by the borrower.

Breach of Covenant

The violation of a term or condition set in a contractual agreement or bond covenant.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of a stock at a specified price within a specified time period.