The coronavirus pandemic has
placed tremendous pressure on colleges and universities, leaving many campuses to
face acute financial challenges. According to a recent report from McKinsey, the
percentage of institutions with budget shortfalls of more than 5% will increase
to more than 50% — and for private four-year colleges, that percentage can rise
to as high as 77%.
Across-the-board budget cuts may
stopgap challenges but won’t necessarily ensure a sustainable future. Now may
be the time to invest in an operational framework that goes beyond traditional
manual accounting processes. Automation can free up time for analysis and decision-making
as well as improve transparency and balance sheet integrity.
During this webcast, our
panel of experts will cover:
Challenges and bottlenecks in traditional manual close processes
Strategies for automating and streamlining critical close activities
Forward-looking plans for guiding institutions toward an improved future
Join us to learn what campus
experts are doing to automate and improve accounting close processes and how
similar strategies can drive financial and accounting sustainability on your
campus.
AccountingWebcast
What You Will Learn
NACUBO’s professional development programs are designed to deliver the skills, concepts, and best practices for success to individuals in the business of higher education. After participating in this program, you will be able to—
Describe common, higher-risk
bottlenecks in traditional manual close processes
Identify where to focus accounting
optimization efforts to better adapt to a virtual close
Outline strategies for
standardizing and streamlining close processes
Jana Blick, assistant controller, Vanderbilt University
Emily Cantey, manager general accounting, Stanford University
John Thelen, assistant controller, Michigan State University
Susan Parcells, finance transformation leader, BlackLine
CPE Information
Estimated 1.5 CPE Credits
Field of Study: Accounting (note: each person must register individually to earn CPEs)
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 www.nasbaregistry.org.
