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Events and Programs
Events and Programs

2016 Higher Education Accounting Forum

April 10-12, 2016
Disney's Contemporary Resort
Lake Buena Vista, FL


Sunday, April 10

11:00 amRegistration Opens
1:00 pmWelcome and Introductions

Jeffrey West, University of Utah

1:15 pmThe Current State of Higher Education

Kent Chabotar, Guilford College

Chabotar is a professor of political science, author, former chief business officer, and was president of Guilford College until 2014. Dr. Chabotar will cover the current state of higher education. He will draw from personal experience and economic, political, and financial inputs to paint a picture of the industry’s current strengths, challenges, and future outlook.
2:15 pmRefreshment Break
2:30 pmRoundtable: Large Institutions

John Kroll, University of Chicago
Jeffrey West, University of Utah

2:30 pmRoundtable: New to Higher Education

Eileen Black, Stevens Institute of Technology
Randy Roberson, NACUBO

2:30 pmRoundtable: Smaller Institutions

Larry Goldstein, Campus Strategies, LLC
Dale Larson, Dallas Theological Seminary

2:30 pmRoundtable: Software We Like and Use

Mary Wheeler, Stevens Institute of Technology
Belva White, Emory University

4:00 pmChief Business Officers Today and Tomorrow

Jerry Farley, Washburn University
Sharon Hewitt Watkins, St. John's University
Lou Mezzina, KPMG LLP
Liz Neumann, Koya Leadership Partners

As current talent faces retirement or mobility, the next generation must be carefully cultivated and recruited to sustain and advance an industry that is so critical to the fabric of our society. Although accounting and financial skills are assumed, communication and team leadership attributes can be equally if not more important. A panel of industry experts will discuss the desired attributes of chief financial officers  today and tomorrow.
5:00 pmWelcome Reception

Monday, April 11

7:00 amContinental Breakfast
8:00 amWashington Update

Liz Clark, NACUBO

With President Obama’s second term in its final months and Election Day approaching in November, it’s time to explore the current state of play in the nation’s capital. Understand the political climate and implications for colleges and universities as lawmakers consider reauthorization of the Higher Education Act and comprehensive tax reform. Learn about recent regulatory and legislative actions—including new IRS Form 1098-T requirements and emerging financial responsibility proposals from the Department of Education.
9:15 amFASB Update

Rick Cole, Financial Accounting Standards Board
Jeffrey Mechanick, Financial Accounting Standards Board

Hear the latest developments in U.S. GAAP affecting NFPs, including recently issued standards (ASUs), newly effective ASUs, and FASB projects in process. Presenters will focus on FASB’s project on NFP financial statements, fair value, leasing, and pipeline projects of interest.
9:15 amGASB Update

David Bean, Governmental Accounting Standards Board

Pull back the due process curtain and see what lies ahead. This session will explore the issues uncovered with the pension standards’ implementation, and discuss what lies ahead with split-interest agreements, fiduciary activities, asset retirement obligations, leases, and the long-term evaluation of landmark Statement 34.
10:30 amRefreshment Break
10:45 amFASB Roundtable

Matthew Brewer, California Institute of Technology
Karen Craig, NACUBO Consultants and Speakers
Kim McCormick
Drew Paluf, University of Notre Dame

Join an interactive discussion covering current challenges, possible solutions, and best practices in financial reporting at independent institutions.
10:45 amGASB Roundtable

Tom Ewing, The Ohio State University
Jim Lanzarotta, Moss Adams LLP
Cheryl Soper, University of Michigan
Charles Tegen, Clemson University

Join an interactive discussion covering current challenges, possible solutions, and best practices in financial reporting at public institutions.
10:45 amTax Update

Anne Jetmundsen, University of South Florida
Joel Levenson, University of Central Florida

Join members of NACUBO’s Tax Council for a comprehensive update. This session encourages questions, opinions, and interactive discussion.
11:45 amLunch
1:00 pmKickstarting a Private College – How Far Can Instinct Take You?

Wendy Libby, Stetson University

In the fall of 2009, Stetson University experienced a large and unexpected large drop in entering undergraduates, continuing a twenty-year trend of diminished first year student matriculation. As a result: little to no salary increases for faculty and staff, deferred maintenance, staff layoffs, empty residence hall rooms.  With optimism and experience as guidance, Stetson decision-makers evaluated risks and decided the university could get bigger instead of smaller.  The results:   a new era of highest-ever enrollment and reinvigorated student quality, investment in people and property assets, increasing student success, and new faculty hiring.  A positive story for a still-shaky world.
2:15 pmGet Ready for GASB’s Latest OPEB Standard

Bryan Falato, Aon Hewitt
Erin Sabo, Aon Hewitt
Cheryl Soper, University of Michigan
Charles Tegen, Clemson University

GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, significantly alters the measurement, reporting standards, and terminology currently in place under GASB Statement No. 45. Panelists will review the key changes and provide practical information to assist you in preparing for this Statement, which will be effective for fiscal years beginning after June 15, 2017.
2:15 pmRevenue Recognition (Contracts with Customers)

Rick Cole, Financial Accounting Standards Board
Stuart Miller, Crowe Horwath LLP

FASB ASU 2014-09 provides guidance on revenue recognition for contracts with customers. However, colleges and universities have revenue streams (such as tuition) that must be analyzed within the context of the new guidance (ASC 606)—and other revenue outside the scope of ASC 606, such as sponsored research grants and contributions. Hear an update and the latest thinking about revenue common to higher education institutions.
2:15 pmWhat Your Finance Committee and Board Really Need to Know About Your Institution’s Finances

Ron Salluzzo, Attain, LLC
Phil Tahey

Small and medium size institutions struggle with what and how much information should be reported to their Finance Committee. Often the committee members have varying degrees of familiarity with not-for-profit accounting principles and terminology. Several concepts in this session will distinguish between issues that are relevant and important from those that are the usual and distracting. Context, budgets, the concepts behind the best data to present and internal financial reporting formats that enhance communication to the committee will be discussed.
3:30 pmRefreshment Break
3:45 pmBest Practices in Financial Reporting - Public Institutions

Steven Crump, Clemson University
Jim Lanzarotta, Moss Adams LLP

In this session, hear an auditor and preparer highlight common reporting conventions and challenges in public higher education. Specifically, presenters will highlight institutional financial statement examples.  Newer requirements such as pensions—MD&A, basic financial statements, notes to the financial statements, Required Supplemental Reporting—and deferred inflows and outflows of resources will also be addressed.
3:45 pmConnecting the Dots - Using Roles to Link Financial Accountability & Financial Reporting

Selina Martin, University of Iowa

The concept of shared financial accountability in higher education is as important as it is challenging. The University of Iowa has developed a framework and process that connects financial responsibility and financial reporting. This session addresses how the university documents accountability by establishing defined roles at various levels in administrative, auxiliary, and school units. It will also outline how these roles are linked to financial transaction approval, routing, reconciliation, compliance, and access to role-specific internal financial reports and dashboards.
3:45 pmFinancial Reporting for Private Institutions

John Kroll, University of Chicago
Lou Mezzina, KPMG LLP

Presenters will highlight common and less common financial reporting display and disclosures. The discussion will point out how style and wording can affect audit field work, GAAP compliance, financial performance, communication clarity, and user understanding.

Tuesday, April 12

7:00 amNetworking BreakfastAt this breakfast, we encourage you to wear something from your current college or university or your alma mater. This is a great way to get to know other attendees and show your school spirit! Tuesday is a casual day.
8:00 amMicromessaging: Why Great Leadership is Beyond Words

Stephen Young, Insight Education Systems

A central thread in the fabric of great leadership is the ability to inspire the performance of others across diverse backgrounds. This is most effectively accomplished when we are aware of the power of the micromessages we send. The micromessages, or microinequities, are often the sole manifestation of unconscious bias. This session will provide tangible examples of our micromessages’ powerful impact on employees’ performance.

*The Leadership Series is supported by a generous contribution from TIAA.  
9:20 amDebt Considerations for Small Institutions and the Related Accounting Treatment

Craig Becker, Lafayette College
Dennis Morrone, Grant Thornton LLP

Colleges and universities continually evaluate their debt structures and options, including modifying and extinguishing existing debt arrangements to achieve the optimal design and the lowest debt service. The accounting for debt activities is highly complex. The incorrect application of GAAP can have adverse financial reporting consequences—affecting ratios, bond covenants, and debt capacity. Hear the approach a liberal arts college is taking to restructure its debt and a discussion of the relevant accounting practices.
9:20 amManaging Endowment Funds - Let Go of that Spreadsheet!

Aaron Dotson, Fundriver, Inc.
Susan Hoadley, Cornell University
Chandra Rickard, ASU Foundation for A New American University
Mary Wheeler, Stevens Institute of Technology

For many colleges and foundations, managing and processing endowment transactions is accomplished using spreadsheets and other manual processes, which are labor intensive and prone to error. Learn how three institutions leveraged a software program to achieve efficiency in endowment management and reporting. The session will include a high-level overview of the software and features, policy questions, and issues that surfaced prior to and during implementation, implementation tips and tricks, and software pitfalls to avoid.
9:20 amManaging the Intersection among Compliance, Risk and Internal Audit

Frank Bossle, Baker Tilly
Raina Rose Tagle, Baker Tilly
Michael Somich, Duke University

Decentralization and lack of coordination can hinder risk management activities at higher education institutions. Hear about successful approaches used by chief audit executives at public and private colleges and universities to effectively achieve risk management practices—and the tradeoffs they considered.
10:35 amRefreshment/Check-Out Break
11:00 amConducting Business Overseas With Minimal Resources

Brian Thomason, Pepperdine University
Kandi Wahrenbrock, Pepperdine University
Brett Withem, Pepperdine University

Many business offices have to manage various aspects of operating overseas without dedicated resources. This session explains how a university—without a dedicated global support office—assessed its business processes surrounding overseas locations with an eye toward efficiency and compliance. Hear how these processes work and how the institution continually works to improve overseas practices.
11:00 amWhat the Uniform Guidance Really Means for Higher Education

David Kennedy
James Luther, Duke University

OMB’s Uniform Guidance (UG) applies to new awards and funding increments on existing awards. Significant reforms in the UG can affect administrative processes, existing methodologies, compensation for services and related benefits, budget estimates, audits, and so on. Panelists address what colleges and universities must know. Hear how to get ready and bring your questions for the experts.
12:15 pmProgram Adjourns

Program Overview

2016 Higher Education Accounting Forum
April 10-12, 2016

Estimated CPEs:15



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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:

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