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Established to support NACUBO’s accounting guidance and advocacy efforts, the Accounting Principles Council (APC) consists of volunteer representatives from member institutions. The volunteers are accounting and finance professionals knowledgeable in matters such as financial accounting standards and external financial reporting (FASB and GASB), managerial accounting and reporting, and financial analysis. The APC serves as an advisory body to and is appointed by the President of NACUBO.

Members of the APC serve on various project teams and standing committees, including: Following activities of the Financial Accounting Standards Board and Governmental Accounting Standards Board; Audit Issues and Internal Controls; and Regulatory and Compliance Issues.

Past and notable projects include: higher education's Blank Slate reporting project; endowment accounting issues; Financial Responsibility and the Department of Education; GASB / FASB differences; Sarbanes-Oxley guidance; preparing for an audit; developing an operating measure for independent institutions; benchmarking; interim financial reporting; GASB / NASACT committees; and audit issues.


2023 Council Members

Chad Greenwell

Chad Greenwell, Chair

Associate Controller
University of Michigan


Terri Albertson

Terri Albertson, Vice Chair

Associate CFO and Controller
Philadelphia College of Osteopathic Medicine


Kelli Perry

Kelli Hudson Perry, Past Chair

Associate Vice President for Finance and Controller
Rensselaer Polytechnic Institute


Shea Bryant

Shea Bryant

Manager, Financial Analysis and Reporting
Michigan State University


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Russell DiLeo

University Comptroller
University of Pennsylvania


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Teresa Edwards

Texas A&M University System


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Jamie Houghtaling

Executive Director of Finance and Controller
Stevens Institute of Technology


Anita Kovacs

Anita Kovacs 2

Vice President for Business Affairs
Pensacola State College


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Robert Kuehler

Associate Vice President and University Controller
University of Colorado


Karen Mahalo

Karen Mahalo

Cornell University


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Karl Strauss

Director of Accounting
Oregon Health and Science University


Nicole Tirella

Nicole Tirella

Vice President for Financial Operations and University Comptroller
Boston University


Kerri Tricarico

Kerri Tricarico 1

Senior Associate Vice President Financial Operations and University Controller
New York University


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Shannon Turner

Associate Vice Chancellor and Controller
University of California, San Francisco


1 NACUBO representative – FASB NFP Advisory Committee
2 NACUBO representative – GASAC


Staff Liaisons

Sue Menditto
Senior Director, Accounting Policy

Chris Leach
Accounting Policy Analyst


Experts and Advisors

GASB Matters

Brian Caputo
GASB Board Member
President, College of DuPage

GASB Revenue and Expense Project

Mary L. Fischer (AAA)
Professor of Accounting
University of Texas at Tyler

Technical Advisor

Mary Wheeler
FARM Author and Project Consultant


Sue Menditto

Senior Director, Accounting Policy


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