Accounting for endowment funds on full accrual basis

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What is the rationale for accounting for (nonexpendable) endowment funds on a full, rather than a modified, accrual basis? Why is it important that depreciation be charged on capital assets held as endowment fund investments?

Reference no: EM1355345

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Accounting for endowment funds on full accrual basis : What is the rationale for accounting for (nonexpendable) endowment funds on the full, rather than a modified, accrual basis? Why is it important that depreciation be charged on capital assets held as endowment fund investments?

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