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2012 Intermediate Accounting and Reporting
October 22-23, 2012
The Westin New Orleans Canal Place
New Orleans, LA
Overview
This program is a fantastic introduction for new professionals moving into higher education accounting as well as those individuals seeking to brush up on their technical accounting knowledge. This accounting and financial reporting workshop covers net asset classes, restrictions, endowments, split interest agreements, capital assets, debt, and operating activities.
Attendees receive a thorough explanation of Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) standards relevant to higher education institutions. There is emphasis placed on understanding the financial statements, including sample statements for review. The financial statement sessions are held concurrently allowing the faculty to focus on the public and not-for-profit sectors of higher education reporting.
The workshop is conducted by an experienced faculty including a university president, a controller, and an accounting professor. A networking reception is also included.
Who Should Attend
- Accounting Department Staff
- Associate and Assistant Controllers
- Budget Directors
- Controllers
- Financial Reporting Managers
- Internal Auditors
What You'll Learn
- Information on new issues and authoritative guidance
- An understanding of how operating issues affect the accounting environment
- Knowledge to prepare the cash flow statement
- Industry guidance on endowment accounting and reporting
Prerequisites
No prerequisites and/or advance preparation required.
Course Level
Intermediate
Estimated CPEs
Participants will be awarded up to 13.5 CPE credits. CPE credits can be earned in the following categories:
Accounting, Accounting (governmental)
Monday, October 22
| 8:00 am | Registration and Continental Breakfast@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 9:00 am | Financial Reporting for FASB Speaker(s):
Kim Kvaal, University of San Francisco
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| 9:00 am | Financial Reporting for GASB Speaker(s):
Mary Fischer, University of Texas at Tyler
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| 10:30 am | Refreshment Break@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 10:45 am | Financial Reporting for FASB (continued) Speaker(s):
Kim Kvaal, University of San Francisco
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| 10:45 am | Financial Reporting for GASB (continuted) Speaker(s):
Mary Fischer, University of Texas at Tyler
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| 12:15 pm | Lunch@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 1:15 pm | Statement of Cash Flows for FASB Speaker(s):
Kim Kvaal, University of San Francisco
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| 1:15 pm | Statement of Cash Flows for GASB Speaker(s):
Mary Fischer, University of Texas at Tyler
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| 2:30 pm | Refreshment Break@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 2:45 pm | Current Operating Issues Speaker(s):
Jerry Farley, Washburn University
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In this session you will learn about issues that affect both public and independent institutions. Topic examples include financial aid and scholarships, tuition discounts and allowances, compensated absences, pension and other post employment benefits, contributed services and property, releasing restrictions, and realized-unrealized gains and losses. |
| 4:45 pm | Questions and Answers@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 5:00 pm | Reception@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
Tuesday, October 23
| 7:30 am | Continental Breakfast@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 8:00 am | Accounting for Endowments, Annuity Funds, Split Interest Agreements, and Gifts Speaker(s):
Kim Kvaal, University of San Francisco
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This session discusses endowments: their governing laws, fund types, accounting entries, and disclosure requirements. Accounting for annuities, split interest agreements, and investment pools are also presented. Using sample donor agreements, participants have an opportunity to discuss appropriate classification for the various gift instruments. |
| 9:30 am | Refreshment Break/Hotel Check-Out@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 10:00 am | Accounting for Endowments, Annuity Funds, Split Interest Agreements, and Gifts (continued) Speaker(s):
Kim Kvaal, University of San Francisco
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| 12:00 pm | Lunch@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 12:45 pm | Capital Issues Speaker(s):
Jerry Farley, Washburn University
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You will explore the treatment of transactions related to capital projects. Discussions focus on gifts, depreciation, bond premiums and discounts, extinguishment of debt, capitalized interest, and capital leases. |
| 2:15 pm | Refreshment Break@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 2:30 pm | Capital Issues (continued) Speaker(s):
Jerry Farley, Washburn University
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| 3:45 pm | Questions and Closing@import url(https://portal.nacubo.org/iweb/Forms/CuteEditor/CuteSoft_Client/CuteEditor/Load.ashx?type=style&file=SyntaxHighlighter.css); |
| 4:00 pm | Program Adjourns |
Hotel
The Westin New Orleans Canal Place
The Westin New Orleans Canal Place is located along the Mississippi River and adjacent to the historical French Quarter. The hotel is just steps from fine dining, Harrah's Casino, upscale shopping, museums, art galleries, and the central business district, you will enjoy comfort and service that will make you feel right at home.
The guest rooms and suites provide breathtaking views of the Mississippi River, French Quarter, and downtown. When it's time for a break, stroll up to the 29th floor rooftop pool, unwind at the WestinWORKOUT® Gym, or drop by the renowned River 127' Restaurant and enjoy continental cuisine with a touch of Louisiana spice, 127 feet above the river.
To make your hotel reservation, you need to contact the Westin's Group Housing Coordinator, Seth Weiner, directly. He can be reached at 504-553-5020 or seth.weiner@westinneworleans.com. Rooms are now only available for the nights of Oct. 21-23.
*PLEASE NOTE that the NACUBO room block and meeting space have not been affected by Hurricane Isaac. The workshop will commence as planned and hotel rooms will be available at the NACUBO rate through Wednesday, October 3rd.
Visit the The Westin New Orleans Canal Place website
for details, including restaurants, amenities, and nearby attractions.
Room Rate
Single:
$179.00
Double:
$179.00
For reservations, call 504.566.7006.
Rates are guaranteed until 9/24/2012, subject to availability.
Please review our registration policies.
Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.
Speakers
Jerry B. Farley
President
Washburn University
Mary L. FischerProfessor of Accounting
University of Texas at Tyler
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Mary L. Fischer currently serves as a full professor in Accounting in the College of Business and Technology. Dr. Fischer has published an accounting textbook, several college and University accounting training publications and over sixty-five research papers regarding cash flow recognition, financial accounting, accounting education, auditing and financial management of not-for-profit organizations. She produced a weekly accounting tutorial that is posted on the World Wide Web and is the co-author of an advanced accounting text published by Wiley Publication. Her research has appeared in various academic and professional journals. She has presented papers at numerous conferences, including the American Accounting Association, Decision Science Institute and Association for Research on Nonprofit Organizations and Voluntary Action.
Dr. Fischer is the past president of Southwest Decision Science Institute, Southwest American Accounting Association and the American Accounting Association Government and Nonprofit Section. She is also the past president of the Federation of Business Disciples, an organization of business school faculty with over 5,000 members throughout the Southwestern United States. Dr. Fischer serves as an advisor to the Financial Accounting Standards Board, Government Accounting Standards Board, and an array of not-for-profit organizations nationwide.
Dr. Fischer was named the outstanding academic researcher by the University of Texas at Tyler for 2009-2010, the outstanding accounting educator by the Texas Society of Certified Public Accountants in 2002 and the Southwestern American Accounting Association in 2003. She served as the UT Tyler Professor of Free Enterprise Chair and was awarded the Daniel D. Robinson and Professional Development and Scholarship awards by the National Association of College and University Business Officers for her outstanding contributions to the college and university national sector. She is a Certified Government Financial Manager and member of the East Texas Society of Certified Public Accountants. Kim KvaalAssociate Vice President for Business & Finance
University of San Francisco
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Kimberly Kvaal is the Associate Vice President for Business & Finance at the University of San Francisco. She also teaches Principles of Accounting at USF’s School of Management. In her current role at USF, Ms. Kvaal serves on the President’s Leadership Team and is charged with the accounting and financial reporting for the institution as well as risk management. In her former role as Controller at Regis University, she served as a member of the Executive Budget Committee and was charged with development, implementation, and monitoring of the annual operating budget along with overseeing the financial accounting, reporting, and treasury functions.
Repeatedly called upon to serve as faculty for WACUBO’s popular Accounting Series and NACUBO’s Intermediate Accounting and Financial Reporting workshops, Ms. Kvaal is an experienced presenter on not-for-profit accounting topics. Ms. Kvaal is active in her professional associations currently serving on NACUBO’s Accounting Principles Council and is the past co-chair of WACUBO’s Professional Development Committee.
Ms. Kvaal holds a BA from the University of Colorado, Boulder, a MBA from Regis University, and is a licensed CPA in the state of Colorado. She has over twenty years of non-profit accounting experience, and serves on several community boards. 
