A Study on Internet Financial Reporting of Private University in Taiwan and USA: A Perspective from Financial Transparency

This article explore the contents and differences of internet financial reporting (IFR) of Taiwan and US' private university by examining the university website. We also interview with the faculties and students to collect the comment and suggestion about IFR. The findings are as follows: (1) US's private university provide"Management's Discussion and Analysis" in front of the financial reporting. There are not only wordings described, but also attachments with flowchart, stat chart, etc., would increase the understandability to user. (2)Taiwan private university's faculties and the students render a positive appraisal towards IFR. (3)Government should establish a particular website to integrate financial information for Taiwan's private universities. The User can conduct comparative analysis within the financial statements from each school. (4)The information of student unit cost are deemed the internal business confidentiality. There was no student unit cost information found on IFR. (5)The IFR of Taiwan's private universities comply with the requirements of correctness and availability of financial disclosure principle.