tailieunhanh - A Report Montana Legislature Financial Audit to the Montana State University For the Year Ended June 30, 2009_part4

Đại học bang Montana Ghi chú báo cáo tài chính hợp nhất Tính đến cho mỗi của năm kết thúc ngày 30 tháng 6 (tiếp theo) mức độ mà các doanh thu từ các chương trình như vậy được sử dụng để đáp ứng học phí và lệ phí và phí sinh viên khác, Đại học đã ghi nhận giảm giá học bổng và trợ cấp. | A-24 Montana State University a component unit of the State of Montana Notes to Consolidated Financial Statements As of and for Each of the Years Ended June 30 continued extent that revenues from such programs are used to satisfy tuition and fees and other student charges the University has recorded a scholarship discount and allowance. Accounting policies not yet implemented - Certain accounting policies adopted by GASB have not yet become effective. GASB Statement No. 51 which will be effective for the fiscal year ending June 30 2010 was intended to provide users of financial statements with more complete and comparable consistent information about intangible assets. Management has not yet determined the effect this Statement will have on the University s financial condition or results of operations. In June 2008 GASB issued Statement No. 53 which will require governments to measure most derivative instruments at fair value as assets or liabilities. This is intended to provide a more complete picture of a government s finances allowing users to make better informed decisions about those finances. Statement No. 53 also becomes effective for the fiscal year ending June 30 2010. Management has determined that the adoption of this statement will affect the University s financial position and results of operations however a specific dollar amount has not yet been calculated. In February 2009 GASB issued Statement No. 54 which will enhance the usefulness of fund balance information by assigning clearer distinctions based upon the relative strength of the constraints that control how specific amounts can be spent. This statement goes into effect for the fiscal year ending June 30 2011. Management has determined that the adoption of this statement will not affect the University s financial position or results of operations. Reclassification of prior year amounts - Based on recent guidance contained in the GASB Comprehensive Implementation Guide and on clarification .