News Showing 1-10 of 380 Filter Filters: Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Topics Accounting and Financial Reporting Analytics Athletics Auxiliary Services, Campus Operations Campus Safety Community Colleges Comprehensive/Doctoral Institutions Dept. of Education Compliance Diversity and Inclusion Effectiveness E-Learning Endowment and Debt Management Energy Efficiency, Sustainability Facilities and Sustainability FASB Finance Form 1098-T GASB Global Operations Grants Management Human Resources Leadership Legislative Update Organizational Effectiveness Planning and Budgeting Privacy & Data Security Regulations Research Universities Retirement Risk Management and Campus Security Small Institutions Student Financial Services Tax Technology Your Filters: Accounting and Financial Reporting 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. June 22, 2022 GASB Releases Statement 100 on Accounting Changes and Error Corrections The new standard defines four categories of accounting changes and error corrections and related accounting and financial reporting requirements and is effective in FY24 (with earlier application encouraged). 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. May 16, 2022 GASB Releases Omnibus Standard Statement No. 99, Omnibus 2022, clarifies various technical issues. Topics include financial guarantees, derivative instruments, right-to-use assets, replacing LIBOR, and nonmonetary transaction disclosures. April 25, 2022 NACUBO Recommends Improvements to HEERF Quarterly Reporting NACUBO asked the Department of Education not to separate institutional and student HEERF funding sources when reporting emergency student aid information and to only associate lost revenue funds received with current or planned use, among other recommendations. April 06, 2022 Explore Internal Audit Resources from ACUA The Association of College and University Auditors (ACUA) has a variety of tools and articles that may be useful for NACUBO members. April 05, 2022 Negotiated Rulemaking Fails to Reach Consensus on Financial Responsibility, Other Issues The third and final round of negotiations for the Institutional and Programmatic Eligibility Committee concluded on March 18, moving the topics to the policy writing stage. Issues with the composite score, such as how refinanced long-term debt is treated, were left out of the discussion. April 05, 2022 Meet NACUBO’s Accounting Principles Council Chair Kelli Perry, associate vice president and controller at Rensselaer Polytechnic Institute, reflects on accounting and reporting, as well as negotiating with the Department of Education. March 18, 2022 NACUBO Comments on HEERF Quarterly Reporting Citing lack of preparatory time as well as issues with certain reporting assumptions, NACUBO has asked the Department of Education to hold off on emergency clearance for April Institutional HEERF quarterly reporting. February 11, 2022 Explore and Submit FY21 Audited Financial Statements Many institutions have provided their fiscal year 2021 financial statements, which offer examples of new FASB and GASB formats and disclosures, as well as examples of HEERF fund reporting.
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.
June 22, 2022 GASB Releases Statement 100 on Accounting Changes and Error Corrections The new standard defines four categories of accounting changes and error corrections and related accounting and financial reporting requirements and is effective in FY24 (with earlier application encouraged).
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.
May 16, 2022 GASB Releases Omnibus Standard Statement No. 99, Omnibus 2022, clarifies various technical issues. Topics include financial guarantees, derivative instruments, right-to-use assets, replacing LIBOR, and nonmonetary transaction disclosures.
April 25, 2022 NACUBO Recommends Improvements to HEERF Quarterly Reporting NACUBO asked the Department of Education not to separate institutional and student HEERF funding sources when reporting emergency student aid information and to only associate lost revenue funds received with current or planned use, among other recommendations.
April 06, 2022 Explore Internal Audit Resources from ACUA The Association of College and University Auditors (ACUA) has a variety of tools and articles that may be useful for NACUBO members.
April 05, 2022 Negotiated Rulemaking Fails to Reach Consensus on Financial Responsibility, Other Issues The third and final round of negotiations for the Institutional and Programmatic Eligibility Committee concluded on March 18, moving the topics to the policy writing stage. Issues with the composite score, such as how refinanced long-term debt is treated, were left out of the discussion.
April 05, 2022 Meet NACUBO’s Accounting Principles Council Chair Kelli Perry, associate vice president and controller at Rensselaer Polytechnic Institute, reflects on accounting and reporting, as well as negotiating with the Department of Education.
March 18, 2022 NACUBO Comments on HEERF Quarterly Reporting Citing lack of preparatory time as well as issues with certain reporting assumptions, NACUBO has asked the Department of Education to hold off on emergency clearance for April Institutional HEERF quarterly reporting.
February 11, 2022 Explore and Submit FY21 Audited Financial Statements Many institutions have provided their fiscal year 2021 financial statements, which offer examples of new FASB and GASB formats and disclosures, as well as examples of HEERF fund reporting.
