Financial Reporting and Management Series
During 2014, Business Officer has given special attention to efforts underway by NACUBO to clarify the business of higher education in a series of articles, "Financial Reporting and Management: Telling the Higher Education Story." Here the entire collection of articles is gathered together.
By Karen Craig and Sue Menditto
What if business officers could start over again to create an effective model of financial reporting that more clearly describes college and university finances? That's the essence of the NACUBO Accounting Principles Council's "Blank Slate Project," a new approach described in this article.
By Karl Turro
Accurately categorizing the purpose of higher education expenses—an inconsistent process across institutions—is both an art and a science. For those who want their financial statements to clearly show the costs of fulfilling their institution's mission, it may be time to rethink what higher education functional expense definitions need to convey.
By Sandra R. Sabo
With limited public funds available for higher education, it's imperative that chief business officers and state budget officials employ a common terminology that describes revenue and cost metrics.
By Catherine Lloyd and Erin S. Gore
Reducing complexity in the financial management infrastructure—from 22,000 funds to 160 funds—have proved a powerful ally in UC Berkeley's campaign to optimize resources.
By Stephen D. Golding and Sue Menditto
The new chair of the Financial Accounting Standards Board (FASB), Russell Golden, sees opportunities for standards alignment, meaning better institutional comparability and more relevant financial reporting.
By Sue Menditto and Karen Craig
With packed agendas, both the GASB and the FASB will soon be issuing multiple proposals and statements. Already, public institutions are facing a major implementation on pensions in FY15, while independent institutions are watching for changes in the not-for-profit reporting model.
By Charles Tegen and Sue Menditto
Along with plans to revisit Statement No. 34's financial reporting guidelines, David A. Vaudt, the new chair of the Governmental Accounting Standards Board (GASB), envisions the chance to clarify issues that are significant to several specific stakeholder groups.
- Final Report for the 2016 NACUBO-Commonfund Study of Endowments is Now Available
- What Did I Miss? February 28-March 20, 2017
- ACA Repeal Moves Forward as House Republicans Unveil Their Health Care Replacement Plan
- WEBCAST: Innovative Ways to Fund and Launch Online Degree Programs
Tuesday, March 28, 2017 1:00PM ET
- WEBCAST: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
Friday, March 31, 2017 12:00PM ET
- WEBCAST: How to Budget for Technology That Aligns with Institutional Goals
Thursday, April 20, 2017 1:00PM ET
- ON-DEMAND: NACUBO Live! 2017 Student Financial Services Conference
- ON-DEMAND: Preparing for Campus Protests and Civil Disobedience