Who Should Attend

Accounting and finance professionals Budget managers Controllers Financial administrators of colleges, departments, and special programs Project administrator

Managerial accounting and analysis methodologies are common to institutions of higher learning. This course presents the core knowledge and tools necessary to understand managerial concepts and to apply those concepts when preparing analyses, studies, and reports for management. Topics such as revenue analysis and modeling, costing theories and issues, budgeting models, performance measurement, capital planning, and debt financing are addressed. Case studies and group discussions add to the personal relevance of the information for analytical professionals.

You'll Gain

• Knowledge of topics in managerial accounting and analysis for institutions of higher education
• The ability to handle special challenges through review of case studies
• A broad understanding of concepts and principles of budgeting and allocations
• Knowledge of core accounting methods to track costs
• Information on cost-measurement principles for programs, departments, technology, and infrastructure, including the fundamentals of activity-based costing.
• Familiarization with models for enrollment management and budgeting
• An overview of emerging concepts of debt management
• Practice in applying an accepted model for determining the cost of college
• Opportunities to discuss issues with experts and peers

Prerequisites

No prerequisites and/or advanced preparation required

Course Level

Basic to mid-level

Estimated CPE Credits

Participants will be awarded a certificate for 21 CPE credits: 21 in Management.

Fees

	NACUBO Member Fee	Non-member Fee
Early Bird Rate	$599	$749
Standard Rate (after 10/18/2004)	$649	$799

To assure timely processing, mail-in registration is available only until the early bird deadline. Please postmark form by Oct 18. Online registration remains open until program reaches capacity.

NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.

For More Information

For additional information, please call 800.462.4916 or contact us at pd@nacubo.org .

Monday, November 8 7:15 am Registration and Continental Breakfast 8:00 am Introduction and Overview 8:30 am Planning and Budgeting: The ABCs of Resource Management This session provides a broad understanding of the underlying concepts and principles of operating and capital budgets, allocation and reallocation decisions, decision making within and outside planning and budgeting cycles, incentives and disincentives inherent in budget processes, and politics involved. 10:00 am Refreshment Break 10:15 am Budget Models: Which One Is Right for Your Campus? Sometimes it seems as if there are as many budget models as there are campuses. This session highlights the budgeting methodologies that are in use in higher education, including centralized unrestricted, full funds, activity and performance derived, zero-based, and responsibility-based budgeting. Each faculty member will briefly describe methodologies used on their campuses, followed by a panel discussion. 12:00 pm Lunch 1:00 pm Revenue Forecasting and Measurement Principles Being able to project revenue streams accurately at an institutional or programmatic level is critical. This session explores models that measure student and research revenue streams, the key drivers that influence the ultimate revenue result, and the measure of actual performance against such drivers. Included are models that project the impact of enrollment management decisions, including tuition rate and discount policy. 2:00 pm Consequences of Strategic Initiatives: Forecasting Enrollment and Net Revenue Institutions search for reliable methods to predict the outcome of proposed initiatives—about tuition hikes, curricular changes and new student centers and residence halls —to increase the likelihood of achieving goals in terms of favorable enrollment and net tuition revenue. This session examines the major assumptions, research tools, and forecasting methodologies available to guide critical strategic decisions, especially those that impact pricing and institutional aid. Examples from independent and public institutions illustrate practical applications. 3:00 pm Refreshment Break 3:15 pm Data Warehousing: A Foundation for Decision Support Advances in technology have led institutions to establish data warehouses in response to leadership’s desire for improved decision making. This session explains how a data warehouse and related tools are used to support executive decisions, outlines the steps to successful implementation, and describes potential pitfalls. 4:15 pm Endowment and Gift Revenues This session addresses fiduciary considerations of finance and investment committees and consultants, investment strategies, spending policies, and asset allocation plans. Also examined is the growth in asset allocation to alternative investments and the impact on endowment performance and due diligence. The current business challenges presented by underwater endowment funds are tackled by focusing on related accounting and reporting requirements, the impact on spending decisions and implications under the Uniform Management of Institutional Funds Act. 5:15 pm Session Ends Tuesday, November 9 8:00 am Continental Breakfast 8:30 am Performance Measurement Measurement of operational effectiveness within colleges and universities is the focus of this session. Topics include development and analysis of internal and external surveys and benchmarks, selection of appropriate peer groups, establishment of key indicators of effectiveness, performance planning, and performance reporting. The session will also include a case study on the implication of the Balanced Scorecard at the University of Denver within its Business and Finance division with reporting and communications to its chancellor and other senior positions outside of the division. 10:15 am Introduction to Costing Topics This overview focuses on cost-measurement principles and determining costs of programs, courses, and departments. Early efforts to collect, catalog, and organize educational costs by academic discipline are reviewed. 10:45 am Refreshment Break 11:00 am Concurrent Session on Costing Topics Cost of Space: Facilities and Administrative Studies This session reviews the principal concepts under OMB Circular A-21 for the development of a facilities and administrative (F & A) rate study. The session also examines how the analysis of institutional cost data from sponsored projects can be leveraged with facilities management to improve cost analysis, monitoring, and the development of intra-institutional benchmarking on space utilization.   Activity-Based Costing This session presents the fundamental concepts of activity-based costing (ABC) and management reporting, with emphasis on the relationships between resources, activities, and cost objects. Agenda includes review of basic principles of activity-based costing, application of ABC tools and techniques, and discussion of critical success factors. 12:15 pm Lunch 1:30 pm Concurrent Session on Costing Topics (continued) Methodology session provides hands-on experience in applying the model. Utilizing data from a sample institution, work through the format step-by-step to learn the elements you’ll need to implement at your own institution. Strategic session points to the ramifications of using the model and its application as a tool to answer questions about the cost of college. Learn how your institution can best take advantage of the methodology to better inform its internal and external communities, and become better prepared to explain the cost of education. 3:00 pm Refreshment Break 3:15 pm Costing Topics Wrap-up Interact with the faculty panel on general costing topics, including allocation of costs for technology, infrastructure, and specialized activities. Wednesday, November 10 8:00 am Continental Breakfast 8:30 am To Privatize or Not: Selecting the Most Effective and Efficient Means of Service Delivery (Concurrent sessions addressing the issues of small and large institutions) Financial pressures, inefficiencies, and dissatisfied customers can lead management to request an evaluation of outsourcing certain campus operations. Separate sessions for small and large schools address the financial, political, and socioeconomic factors to consider, along with different ways to privatize and the inherent problems and constraints associated with each approach. 9:30 am Case Study: Methodology on Facility Renewal and Replacement and Funding Implication After significant capital investments in the late 1990’s and early 2000’s, institutions are facing the challenge of maintaining the functionality of new facilities and catching up on remaining deferred maintenance within finite operating and capital budgets. This session reviews one methodology for assessing facility needs with the analytical rigor applied to financial assets and coordinates the results with the institution’s facility operations and financial resources. 10:30 am Refreshment Break 11:00 am Capital Planning and Debt Financing: Protecting the Future In response to aging facilities and increasing competition, campus leaders look for new ways to approach capital assessment, planning, and debt financing in higher education. This session explains new strategies for comprehensive needs assessment and ways to assure the proper balance between new space and renewal. It also addresses building a consensus on funding, overcoming political issues, planning and monitoring revenue streams, developing a debt policy, and emerging concepts for managing debt. 12:15 pm Wrap-up Panel Discussion 12:30 pm Program Ends

The Westin Casuarina Hotel & Spa
160 East Flamingo
Las Vegas, Nevada

For reservations: call 888.625.5144

NACUBO Room Rate: $ 160 (single and double), effective until Oct. 11, subject to availability

The Westin Casuarina Hotel & Spa, Las Vegas combines the excitement of Las Vegas with Westin's modern luxurious accommodations. Offering 816 contemporary guest rooms and 10 elegantly designed suites, all rooms feature the Westin Heavenly Bed®, Heavenly Bath®, dual-line telephones and elegant granite bathrooms with deluxe spa amenities.

A modern luxury hotel, we are conveniently located just steps away from the famous Las Vegas "Strip", 3 miles from the McCarran Airport, and one mile from the Las Vegas Convention Center, Sands Convention Center, and Mandalay Bay Convention Center.

Visit the Westin Casuarina Hotel & Spa Web site for hotel details, including restaurants, amenities, and nearby attractions.

Please click here to review important registration policies.

Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.

Certificates and CPEs

At the conclusion of the program, participants will be issued a certificate of completion that indicates the number of CPE credits received. CPE CERTIFICATES WILL NOT BE AVAILABLE BEFORE THE FINAL SESSION IS COMPLETED.

NACUBO programs are registered with the National Association of State Boards of Accountancy 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. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

Dress

Casual business attire is appropriate.

Smoking

Smoking is not permitted at any meeting session or program event.

Additional Information

For additional information, please contact the following NACUBO staff members:

Altovise (Al) Davis, Project Coordinator
Professional Development and Communications
altovise.davis@nacubo.org
202.861.2586

Susan Menditto, CPA, Director, Accounting Policy
Advocacy and Issues Analysis
susan.menditto@nacubo.org
202.861.2542

Roger D. Patterson (chair)
Associate Vice Chancellor, Finance
University of North Carolina at Chapel Hill

Brenda N. Albright (guest presenter)
Franklin Education Consulting

Richard A. Hesel (guest presenter)
Principal
Art & Science Group, LLC

David Kadamus(guest presenter),
Principal
Sightlines

Eileen McLoughlin
Director of Financial Planning and Budget
Rensselaer Polytechnic Institute

Tim Reardon
Treasurer
Ursuline College

David W. Strauss (guest presenter)
Principal
Art & Science Group, LLC

Charles Tegen(guest presenter)
Comptroller
Clemson University

Craig Woody
Vice Chancellor, Business and Financial Affairs
University of Denver