News Showing 1-10 of 367 Filter Filters: Year 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, Environmental Compliance 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 September 22, 2021 FASB’s NFP Advisory Committee Reviews Recent Implementations and New Topics → Not-for-Profit Advisory Committee members, including NACUBO, recently provided implementation feedback on revenue recognition, conditional contributions, and leases, and discussed current projects. A meeting recap and materials are now available. August 13, 2021 OMB Releases 2021 Compliance Supplement → The new publication contains updates on Higher Education Emergency Relief Fund (HEERF) programs, among other items. August 06, 2021 GASB Proposals Tackle Disclosures and Practice Issues → Recent GASB exposure drafts address disclosure concepts and clarify guidance in areas such as leases and public-private and public-public partnerships. July 09, 2021 FASB Proposal Would Update Discount Rate Approach → FASB’s June 2021 proposed Accounting Standards Update on leases would allow all not-for-profit colleges and universities to use a risk-free discount rate, by class of underlying leased asset, as a practical expedient. NACUBO will submit comments in support of the proposal. June 30, 2021 ED Proposes New Annual HEERF Reporting Requirements → A June 24 Department of Education information request proposes significant changes to annual HEERF reporting requirements for both student and institutional funds. Comments are due August 23, 2021. June 21, 2021 GASB Addresses Accounting Changes and Error Corrections → A new Governmental Accounting Standards Board exposure draft revises the guidance for reporting accounting changes and error corrections. Comments are due August 31. June 11, 2021 In Comments, NACUBO Disagrees with GASB’s Compensated Absence Proposal → Proposed liabilities for nonvested sick leave do not meet the definition of a liability, NACUBO recently wrote to the Governmental Accounting Standards Board. May 07, 2021 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. April 16, 2021 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. April 09, 2021 GASB Proposal Addresses Compensated Absences → A new Governmental Accounting Standards Board exposure draft explains requirements for recognizing and measuring compensation-related liabilities. Comments are due June 4.