Accounting for Colleges and Universities: Why is it important to distinguish between public and private colleges and universities (and does anyone know the difference between a college and a university?).© BrainMass Inc. brainmass.com March 4, 2021, 11:35 pm ad1c9bdddf
It is important to distinguish between public and private colleges and universities, due to the fact that the reporting of the financial accounting findings of these institutions will be conducted in different manners, and provided to different individuals. Private colleges and universities are owned and financed by individuals, nonprofit organizations, and or religious organizations, and are usually designated as nonprofit ...
The differences between public/private colleges and universities are determined.