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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.

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Sue Menditto

Senior Director, Accounting Policy



In Comments, NACUBO Disagrees with GASB’s Compensated Absence Proposal

June 11, 2021

Proposed liabilities for nonvested sick leave do not meet the definition of a liability, NACUBO recently wrote to the Governmental Accounting Standards Board.

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  • May 7, 2021

    AICPA Addresses Federal COVID Relief Programs and SEFA Reporting

    The AICPA Governmental Audit Quality Center released revised guidance for SEFA reporting in light of federal rule changes for certain pandemic relief aid, such as the Higher Education Emergency Relief Fund.

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  • April 16, 2021

    NACUBO Issues HEERF Program Grants Accounting Tutorial

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

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Business Officer

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Accounting Principles Council

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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 14, 2021

    HEERF Programs: Use of Funds and Common Questions

    June 14, 2021 | 3–4:15pm ET

    Learn More →
  • March 25, 2021

    Building a Strong Business Model With Online Learning

    June 17, 2021 | 3–3:30 pm ET

    Learn More →


  • 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

  • May 19, 2021

    Private College Tuition Discounting Continued Upward Trend During COVID-19 Pandemic

    80 percent of business officers surveyed expect the pandemic to have long-lasting effects.

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  • 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.

    Read More →