Financial Statements
Financial Statements
Annual Financial statements for the Arkansas State University System are presented on a consolidated basis and reflect the consolidation of the assets, liabilities, net assets, and financial activities of the Jonesboro, Beebe, Mountain Home, Newport, and Mid South campuses of the University.
The financial statements are presented in accordance with generally accepted accounting principles. The University's accounts are maintained using the principles of accounting applicable to public colleges and universities as established by the Governmental Accounting Standards Board. The Arkansas Division of Legislative Audit has audited the financial statements, management's discussion and analysis, and accompanying footnotes and its unqualified opinion is included.