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November 18, 2022

GASB Proposal Would Update Guidance

GASB’s latest exposure draft would provide new implementation guidance for leases, subscription-based information technology arrangements, and accounting changes and error corrections. Comments are due January 20, 2023.

October 03, 2022

IPEDS Panel Seeks to Improve the Finance Survey

A summary of an IPEDS Finance Survey Technical Review Panel meeting held earlier this year is available for public comment. The panel was convened to discuss if the finance survey meets informational needs and how to improve the survey if not.

August 10, 2022

GASB Proposal Addresses Risk Disclosures

GASB’s latest exposure draft would require disclosures for risks related to concentrations or constraints that can affect service provision or obligation fulfillment. Comments are due September 30.

June 27, 2022

ED to Release New HEERF Quarterly Reporting Form

The form will be released this week and is required for quarterly reports due in July. In a major change, the new form will combine reporting for HEERF student aid and institutional aid awards.

June 22, 2022

GASB Releases Statement 101 on Compensated Absences

In an effort to bring all types of compensated absences under a unified model, the Governmental Accounting Standards Board recently issued Statement No. 101, Compensated Absences. The new guidance will lead to recognition of a liability in more circumstances, most notably for nonvested sick leave.

May 20, 2022

Department of Education Encourages Using HEERF for Mental Health Needs

During Mental Health Awareness Month, the Department of Education released an FAQ that strongly encourages institutions to use HEERF funds to meet mental health and substance abuse disorder needs of students. Additional information can be found at NACUBO’s HEERF Resource Center.