The financial statements in this institution contains some remarkable disclosure of the cost that the institution goes through in providing retirement benefits, related gains, assets and lastly all liabilities. These financial statements therefore, are able to provide the employees with a clear view of the risks and rewards that arise from the defined benefits. In addition, all funding obligations which are in relations to all liabilities of the benefits schemes defined are all clearly identified (University of Maryland, 2012). GAASB proposed changes are likely to reduce the liability burden as they will increase the level of accountability an aspect that is likely to reduce the cash lost due to cases of negligence. Proposed changes also address deeply on issues of common deposits and other investment risks such as interest rate risks and even fluctuating of the foreign currency risks. The policy recommendations to disclose all investments that are highly sensitive to these risks will reduce the money lost through fluctuating of the currency and changes in the interest rates (University of Maryland, 2012). One of the major economic condition that s likely to affect the growth of this institution is government changes in labor policies. Government is likely to change the policies such as medical policies and retirement policies. Some of the likely changes that are likely to be outlined include; increased amount contributed towards the pension scheme and specified amount that the institution should direct towards payment of medical insurance for its employees. This is likely to reduce the amount of money directed towards improving the status of the university. Second aspect that is likely to affect the future success of university of Maryland is increased government intervention and regulations in university through taxation. This is likely to slower the level of activities in the institution an aspect that will be replicated in the overall growth rate of the institution (University of Maryland, 2012). Changes in the foreign currency and interest rates will have direct impact on the overall growth of university of Maryland. The institution conducts many transactions some of which depend largely on the interest rates. Fluctuations in the currency and changes in the overall economy will therefore hamper the level of growth in the university (Gibson, 2012). In university of Maryland grants are used to fund major projects that are aimed at improving the education status in the university. In addition to this, they are used in daily running of the institution. Also, they are sometimes used to cover the liabilities that the institutions have incurred over the past periods in order to reduce burden to the institution (Gibson, 2012). Grants such as federal grants are used by the institution to offer students with the scholarships. This is aimed at helping the needy students who are not capable of paying for their school fees. In addition to this, these funds are directed towards equipping the institution with the current technology in order to improve the level of research conducted by the institution. As a result, the institution has been able to conduct many researches in different fields an aspect that has improved the overall growth of the state and economy at large (Gibson, 2012). With GAADB laid procedures on how to use funds in the institutio
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(Public University Analysis Research Paper Example | Topics and Well Written Essays - 750 Words)
“Public University Analysis Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/finance-accounting/81381-public-university-analysis.
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Public University Analysis Name: Institution: University of Maryland has made a remarkable improvement in disclosing the employee pension plan in its financial statement. This has made it possible for the employees to know the amount that is being set aside by the university in order to fund the pension scheme…
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