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2013 Intermediate Accounting and Reporting – January
January 28-29, 2013
Hyatt Regency Grand Cypress
Orlando, FL
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
- Industry guidance on endowment accounting and reporting
- Knowledge to prepare the cash flow statement
- An understanding of how operating issues affect the accounting environment
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, January 28
| 8:00 am | Registration & Continental Breakfast |
| 9:00 am | Financial Reporting for FASB Speaker(s):
Kim Kvaal, University of San Francisco
|
| 9:00 am | Financial Reporting for GASB Speaker(s):
Mary Fischer, University of Texas at Tyler
|
| 10:30 am | Refreshment Break |
| 10:45 am | Financial Reporting for FASB (continued) Speaker(s):
Kim Kvaal, University of San Francisco
|
| 10:45 am | Financial Reporting for GASB (continued) Speaker(s):
Mary Fischer, University of Texas at Tyler
|
| 12:15 pm | Lunch |
| 1:15 pm | Cash Flows for FASB Speaker(s):
Kim Kvaal, University of San Francisco
|
| 1:15 pm | Cash Flows for GASB Speaker(s):
Mary Fischer, University of Texas at Tyler
|
| 2:30 pm | Refreshment Break |
| 2:45 pm | Current Operating Issues Speaker(s):
Jerry Farley, Washburn University
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 |
| 5:00 pm | Reception (tentative) |
Tuesday, January 29
| 7:30 am | Continental Breakfast |
| 8:00 am | Accounting for Endowments, Annuity Funds, Split Interest Agreements, and Gifts Speaker(s):
Kim Kvaal, University of San Francisco
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 |
| 10:00 am | Accounting for Endowments, Annuity Funds, Split Interest Agreements, and Gifts (continued) Speaker(s):
Kim Kvaal, University of San Francisco
|
| 12:00 pm | Lunch |
| 12:45 pm | Capital Issues Speaker(s):
Jerry Farley, Washburn University
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 |
| 2:30 pm | Capital Issues (continued) Speaker(s):
Jerry Farley, Washburn University
|
| 3:45 pm | Questions and Closing |
| 4:00 pm | Program Adjourns |
Hotel
Hyatt Regency Grand Cypress
Discover one of Orlando's most inviting escapes, Hyatt Regency Grand Cypress. The outstanding array of resort amenities filling our Orlando hotel and resort creates a serene retreat ambiance for families and business travelers alike. Play golf and tennis, swim, sail, or treat yourself to a massage. Savor a meal prepared by renowned chefs. Our cuisine ranges from delectable seafood to fresh sushi and a sumptuous American buffet breakfast daily. The legendary resort completed its extensive transformation with a modern restyling of all 65,000 square feet of meeting space. The meeting space has been restyled to have a more modern feel and serve as an extension of the guest tower renovations that were completed in December of 2009.
Take advantage of on-site activities including 45 holes of Jack Nicklaus Signature Design golf, a racquet club, a 21-acre lake with water sports, a 1/2-acre lagoon swimming pool with waterfalls and waterslides and Camp Hyatt children's programs. Our family-friendly resort offers an ideal location adjacent to Disney World – kids of all ages will love exploring area attractions. You’ll want to return again and again to our luxury resort where you always find legendary Hyatt service and smiling staff waiting to welcome you.
Visit the Hyatt Regency Grand Cypress website
for details, including restaurants, amenities, and nearby attractions.
Room Rate
Single:
$169.00
Double:
$169.00
For reservations, call 888.421.1442.
Rates are guaranteed until 12/28/2012, 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. FarleyPresident
Washburn University
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Jerry Farley is president of Washburn University in Topeka, Kansas. He previously was vice president for administrative affairs at the University of Oklahoma, Norman and Health Sciences Center campuses. Prior to that, he was vice president for business and finance at Oklahoma State University.
Mr. Farley is a past chairman of the NACUBO Board of Directors, past president of SACUBO, and past chairman of the NACUBO Accounting Principles Council. He is a certified public accountant and coauthor of the first and second editions of the Basic Fund Accounting Training Package. Farley received NACUBO’s Daniel D. Robinson Award for his contributions to the field of college and university accounting. Mary L. FischerProfessor of Accounting
University of Texas at Tyler
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Dr. Mary L. Fischer is a professor of accounting at The University of Texas at Tyler. Prior to her move to Texas, she taught at Fairfield University and served as controller at both Wesleyan University and at Columbia University.
Dr. Fischer has written a wide array of articles on accounting education, cash flow, fund accounting, college and university accounting, unrelated business tax, and financial administration. She is a co-author of the fourth edition of College and University Business Administration and the updated Basic Fund Accounting training package. Dr. Fischer has authored accounting tutorials for the NACUBO Web site. She received both the NACUBO Daniel D. Robinson Award and the Professional Development and Scholarship Award. 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. 
