December 1, 2014
FASB Proposes Changes to Investment DisclosuresFASB Proposes Changes to Investment Disclosures
FASB has issued a proposed Accounting Standards Update that would eliminate the requirement to categorize investments measured using net asset value as a practical expedient within the fair value hierarchy. This change would alleviate the need for institutions to determine whether such investments should be categorized as level 2 or level 3 based on nearness to potential redemption.

Retiring Harkin Introduces Higher Education Bill

With a focus on affordability and accessibility, the outgoing chairman of the Senate Health, Education, Labor, and Pensions Committee Sen. Tom Harkin (D-IA) introduced a bill to reauthorize the Higher Education Act.

GASB Releases Preliminary Views on Fiduciary Activities

The Governmental Accounting Standards Board has issued for public comment a Preliminary Views document titled, “Financial Reporting for Fiduciary Responsibilities.” The proposal presents the Board’s initial views on issues associated with reporting fiduciary activities in general purpose external financial statements. The deadline to comment is March 6, 2015.

U.S. Trust Study Finds Increase in Charitable Giving Among the Wealthy

The average amount given to charity in 2013 by affluent donors increased 28 percent, according to a recent study from U.S. Trust.

Four-Year Colleges and Universities Achieve 59.4 Percent Six-Year Graduation Rate in 2013-14

New data from the National Center for Education Statistics show that 59.4 percent of the undergraduates who entered four-year colleges and universities in fall 2007 received a bachelor’s degree or equivalent by academic year 2013-14. Graduation rates varied by race/ethnicity, control of institution and gender.

Preparing for a Debt Offering

Recorded on Wednesday, December 10, 2014 1:00PM ET

NACUBO and the Association of Business Administrators of Christian Colleges are teaming up for an instructive webcast geared toward smaller private institutions on the benefits of having a comprehensive debt offering plan.

Led by Jeff Spear, principal of CFO Colleague; and Clair Knapp, vice president and chief financial officer at Bethel College, the webcast will equip participants with a stronger grasp of what lenders look for when extending credit. Participants also will hear about the common options being utilized in the marketplace and how a solid operating plan can strengthen a relationship with lenders and providers who have an interest in higher education.


 

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