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Accounting

Keep up to date on the latest accounting issues and find valuable resources, including GASB and FASB guidance, news and articles.

Unless otherwise noted, login using your NACUBO credentials to access these materials.

Members Only

COVID-19 Related Accounting Tutorials

College and University Annual Financial Statements

Accounting Advisory Reports

Accounting Comment Letters (Publicly Available)

Accounting Tutorials

Perkins Wind-down Guidance 

Title IV Financial Responsibility Standards (Publicly Available)

NACUBO’s Financial Accounting and Reporting Manual (FARM)

Comprehensive and up-to-date accounting guidance and preferred practice for colleges and universities. FARM is searchable, web-based, and free for NACUBO members only.

In order to access FARM, log into MyNACUBO with your user name (institutional/business email address) and password. If you haven’t set yourself up with a user name and password, it’s easy and fast, just follow the prompts.

Contact

Sue Menditto

Senior Director, Accounting Policy

202.861.2542

News

FASB Finalizes Effective Date Postponements in Light of COVID-19

May 22, 2020

FASB officially approved the release of an Accounting Standards Update that postpones implementation dates by one year for leases for all independent institutions and revenue recognition for independent institutions without public or conduit debt.


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  • May 14, 2020

    GASB Issues New Guidance In Light of COVID-19

    In response to the pandemic, the Governmental Accounting Standards Board has issued a new statement that extends implementation for most major standards by one year. Recently issued Implementation Guide 2020-1 reinforces delayed effectives dates and provides updated guidance.

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  • April 24, 2020

    ED Answers Financial Responsibility Rule Questions

    In a recent Q&A, ED addresses concerns raised by higher education over lack of clarity in the new financial responsibility rules that take effect July 1.

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Business Officer

The Business Officer magazine is available at businessofficermagazine.org.

Accounting Principles Council

NACUBO members can contribute, participate and volunteer in many ways.

Workshops

Our professional development programs are designed to deliver the skills, concepts and best practices for success to individuals in the business of higher education.

Upcoming Programs

  • June 01, 2020

    Scenario Modeling: Stress Test Your Strategic Initiatives

    June 1, 2020 | 1-2pm ET

    Learn More →
  • June 11, 2020

    Unit-Level ROI: Increase the Impact of Strategic Resource Allocation

    June 11, 2020 | 1:00-2:15pm ET

    Learn More →

Research

  • May 29, 2020

    Tuition Discounting Study Glossary

    Definition of key terms in the annual Tuition Discounting Study

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  • May 29, 2020

    NACUBO Tuition Discounting Study

    The annual NACUBO Tuition Discounting Study (TDS) measures the institutional tuition discount rates and other indicators of institutional grant awards to first-time, full-time first year undergraduates and all undergraduates who attend private, nonprofit (independent) colleges and universities.

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Press Release

  • May 28, 2020

    Ascendium Education Group Awards NACUBO Planning Grant to Advance Student Success Efforts

    To develop an infrastructure for a multi-institution, multi-initiative process focused on student success at colleges and universities, NACUBO has been awarded a $1.1 million planning grant from Ascendium Education Group.

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  • January 30, 2020

    U.S. Educational Endowments Report 5.3 Percent Average Return in FY19

    Nearly half of endowment withdrawals fund student financial aid

    Read More →