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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.

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COVID-19 Related Accounting Tutorials

Financial Responsibility Accounting Tutorials

College and University Annual Financial Statements

Accounting Advisory Reports

Accounting Principles Council

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

FASB Proposal Would Update Discount Rate Approach

July 9, 2021

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.


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  • 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.

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  • 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.

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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

  • July 27, 2021

    NACUBO 2021 Annual Meeting: Tuesday Pass

    July 27, 2021 | 11am-5:45pm ET

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  • July 28, 2021

    NACUBO 2021 Annual Meeting: Wednesday Pass

    July 28, 2021 | 11am-5:45pm ET

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Research

  • May 26, 2021

    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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  • April 28, 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

  • June 30, 2021

    NACUBO President Testifies to Congress on Value of Higher Education

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  • June 23, 2021

    NACUBO Selects Business Officers for First-Annual Emerging Leaders Program

    The new leadership development program sought candidates from diverse backgrounds

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