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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 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

Accounting


News

FASB’s NAC Discusses HEERF and Revenue Recognition

September 18, 2020

During a recent meeting, members of FASB’s Not-For-Profit Advisory Committee discussed the conditional nature of CARES Act Higher Education Emergency Relief Fund grants and whether “deemed spent” principles are applicable to HEERF conditions.


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  • August 28, 2020

    ED Releases New eZ-Audit Reporting Templates

    The Department of Education has finished revising the eZ-Audit System for reporting audited financial information to calculate financial responsibility composite scores under the new regulation.

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  • August 28, 2020

    OMB Releases 2020 Compliance Supplement

    The recently released Compliance Supplement acknowledges the Coronavirus Aid, Relief, and Economic Security Act, and an addendum expected later in the fall will address all CARES Act programs.

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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

  • September 23, 2020

    Legislative Lunchcast: A Washington Update From NACUBO (September 2020)

    September 23, 2020 | 1-1:30pm ET

    Learn More →
  • September 24, 2020

    Closing Your Budget Gap

    September 24, 2020 | 11-12pm ET

    Learn More →

Research

  • August 31, 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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  • August 31, 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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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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