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Kellee Edmonds

Senior Director, Communications and Marketing

(202) 861-2549

Katy McCreary

Public Relations Manager

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February 13, 2019

NACUBO Issues Guidance on Tuition Revenue Recognition →

NACUBO has issued an advisory that addresses FASB Topic 606 (Revenue from Contracts with Customers). NACUBO’s guidance focuses on tuition agreements with students, but the concepts are equally applicable to all revenues from contract with customers.

February 13, 2019

NACUBO Comments Support GASB’s Proposed SRECNP Format →

In comments on the Governmental Accounting Standards Board’s Preliminary Views on financial reporting model improvement, NACUBO supported the proposed operating results display and asked for an improved definition of subsidy revenue.

January 16, 2019

FASB Proposes Goodwill Accounting Alternative →

The Financial Accounting Standards Board has issued an exposure draft that would streamline accounting for existing and new goodwill. Comments on the proposed Accounting Standards Update are due February 18.

November 26, 2018

FASB Extends Implementation Date for Credit Losses Standard →

The Financial Accounting Standards Board has issued narrow improvements that amend the transition requirements and scope of the credit losses standard issued in 2016. Under the new guidance, independent institutions will not be required to implement the standard until FY23.