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Distance Learning
Distance Learning

OD: FASB’s Proposed NFP Reporting Changes: What Higher Education Needs to Know

Recorded on: Tuesday, April 8, 2014 1:00 PM ET


The Financial Accounting Standards Board (FASB) is moving forward in its quest to improve the not-for-profit reporting model. To date, the Board has reached decisions concerning cash flows, net asset classes, and an operating measure. These and other decisions will be exposed for public comment later this year. Attend this webcast program to understand the substance of the proposed changes and the Board’s motivation and rationale. Familiarity with the issues and the application of tentative changes will help inform higher education’s comments to FASB – from individual institutions and NACUBO.

What you will learn

  • Hear how mission and resource availability influence operating results.
  • Learn what direct method cash flows mean in the proposed environment.
  • Understand how restrictions drive two revised net asset classes.
  • Explore pending decisions (i.e., statement formats, net investment expenses, etc.)
  • Gather information to consider for balance sheet, debt covenant, and ratio analysis.

Meet the presenters

  • Jeff Mechanick, FASB, assistant director, nonpublic entities and chair of the NFP Advisory Committee
  • Cynthia Pierce, partner, Crowe Horwath, LLP
  • Sue Menditto, director, accounting policy, NACUBO

Who should attend

  • Chief Business/Finance Officers
  • Controllers
  • Financial reporting managers
  • Accounting staff
  • Vice presidents of finance
  • Accountants from public institutions who support affiliated NFP foundations
  • Preparers from NFP foundations affiliated with public institutions

Course Information

  • Course length: 100-120 minutes


Member Site Registration: $189.00
Non-Member Site Registration: $219.00


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CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: