NACUBO Accounting Advisory Reports reflect prevailing preferred industry practice.
GASB's New Standard Covers Asset Retirement Obligations
January 05, 2017
In an effort to standardize financial reporting when laws govern how certain assets are retired from use, the Governmental Accounting Standards Board issued Statement No. 83, "Certain Asset Retirement Obligations," in December. The new standard is effective in FY19 for public institutions.
Read Full Article
April 12, 2019
ED Sets May 13 Deadline for Reporting Financial Responsibility Triggering Events
New rules specifying the standards institutions must meet to be deemed financially responsible took effect in October 2018. ED recently shared how to report litigation or other events that trigger mandatory disclosures and affirmed the borrower defense to repayment standard.Read More →
April 10, 2019
ED Seeks Comments on Proposed IPEDS Finance Survey Changes
The Department of Education is accepting comments on its proposed Integrated Postsecondary Data System (IPEDS) survey changes through May 20. Most notably, proposed finance survey changes address tuition discounts, financial ratios, endowments, other post-employment benefits, and athletics.Read More →
The Business Officer magazine is available at businessofficermagazine.org.
Build your knowledge, skills, and professional network through NACUBO professional development.
How To Get Involved
NACUBO members can contribute, participate and volunteer in many ways.