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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

Financial Responsibility Accounting Tutorials

College and University Annual Financial Statements

Accounting Advisory Reports

Proposed Advisory: Tuition Discounting for NFP and Public Institutions  (Public, Comments Due 4/30/2021)

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 your NACUBO account with your user name (institutional/business email address) and password. If you haven’t set yourself up with a user name and password,create an account in moments here.

Contact

Sue Menditto

Senior Director, Accounting Policy

202.861.2542

News

NACUBO Issues HEERF Program Grants Accounting Tutorial

April 16, 2021

The new tutorial provides HEERF I, II, and III background and revenue recognition guidance under FASB and GASB standards.


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  • April 9, 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.

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  • March 1, 2021

    NACUBO Weighs In on Major GASB Projects

    NACUBO supported the Governmental Accounting Standards Board’s proposed financial reporting model changes and offered suggestions to improve complex and concerning proposed changes to categorizing revenue and expense transactions.

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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

  • April 20, 2021

    NACUBO Endowment Master Class Series

    February 9–May 18, 2021 | 1:00 - 2:00pm ET | See Schedule for Full Session Details

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  • April 20, 2021

    Endowment Spending: Should You Change Your Policy Now?

    April 20, 2021 | 1:00pm–2:00pm ET | Part of the Endowment Master Class Series

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Research

  • April 12, 2021

    2020 NACUBO-TIAA Study of Endowments

    This annual survey provides comprehensive analysis of investment returns, asset allocations, and governance policies and practices at higher education institution endowments and affiliated foundations, representing over $630 billion in endowment assets.

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  • April 12, 2021

    Public NTSE Tables

    Public NTSE tables provide an overview of investment returns, asset allocations, spending rates, and endowment market values at college and university endowments and affiliated foundations that participate in the annual series of NACUBO endowment studies.

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Press Release

  • September 18, 2020

    NACUBO Applauds IRS and Treasury for Reasonable Approach to Problematic Endowment Tax

    The IRS and the Department of the Treasury released final rules for the endowment excise tax and took a measured approach to an otherwise misguided levy on certain private colleges and universities.

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  • June 17, 2020

    NACUBO Sets Path Forward Through COVID-19 Financial Implications

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