This program is a fantastic introduction for new professionals moving into higher education accounting as well as those who want to learn about accounting and reporting topics that are beyond their current responsibilities. This workshop for private and public institutions covers restrictions, endowments, investment pool unitization, contributions, split interest gifts, capital assets, debt, functional expenses, 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 financial reporting rules, sample statements and campus examples. Preparation principles for direct method cash flow reporting and the myriad of reports that central administration must produce for federal agencies and analysts are also covered.
What You Will Learn
- Explain GAAP and what college and university financial statements convey
- Describe the rules behind endowment accounting and reporting
- Differentiate how various operating activities get reported
- Clarify various types of restrictions
How to Attend
After you register, you will navigate to your NACUBO classroom to attend the live sessions and later access the recordings. Sessions will be loaded into registrants' classrooms a few days before the program begins.
Accounting Webcast Workshop