NACUBO Issues HEERF Program Grants Accounting Tutorial
The new tutorial provides HEERF I, II, and III background and revenue recognition guidance under FASB and GASB standards.
AICPA Addresses Federal COVID Relief Programs and SEFA Reporting
The AICPA Governmental Audit Quality Center released revised guidance for SEFA reporting in light of federal rule changes for certain pandemic relief aid, such as the Higher Education Emergency Relief Fund.
NACUBO Updates Student Agreement Language to Address Assessment of Collection Fees
NACUBO’s updated advisory, Best Practices for Student Financial Responsibility Agreements, includes model language for the agreements and addresses court decisions affecting the ability of an institution to recover costs associated with collections, among other topics of interest to business officers.