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.
- College Endowments Average -1.9 Percent Return in FY16, But Endowment Spending Continues to Rise
- Preparing for a Game-Changing Era
- Some Football Players at Private Institutions are Employees, NLRB Says
- WEBCAST: Planning Components of Civil Discourse
Wednesday, March 15, 2017 1:00PM ET
- WEBCAST: NACUBO Live! 2017 Student Financial Services Conference
- ON-DEMAND: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
- ON-DEMAND: Compliance Challenges for the New EPA Hazardous Waste Rule
- ON-DEMAND: The ROI of Student Success: Practical Considerations for Measuring and Conveying the Financial Value of Student Support Services
- ON-DEMAND: NACUBO Live! Student Financial Services Conference