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This library of accounting tutorials has been created for NACUBO members only to address frequently asked questions that have been brought to our attention. Each tutorial below cites relevant FASB and GASB guidance and also provides reference points to NACUBO’s Financial Accounting and Reporting Manual (FARM), the searchable, web-based, and free accounting guidance and advice manual for NACUBO members.

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Tutorials

Description

Benefits and Accruals

Benefits and accruals tutorials address topics such as sabbatical leave, deferred compensation, and benefit types. 

Contributions

These tutorials cover donations, pledges, collections, and split interest agreements.

Expenses

This category covers functional, natural, and inter-departmental expenses.

Financial Reporting

Tutorials address financial statement presentation and reporting decisions.

Liabilities

This topic covers accruals, payables, bonds, and conditional asset retirement obligations.

Property, Plant, and Equipment

Physical plant topics include capitalization, depreciation, land, equipment, building components, and distinguishing between renewals, replacements, and improvements.

Cloud Computing Arrangements

This category addresses cloud-based software agreements and the types of internal costs that can be capitalized.

Policies

This category addresses the need for policies in areas such as art collections and use of restricted funds.
 

Sales and Services

 Discusses the costs and benefits of establishing and maintaining inventories for both public and private colleges and universities. 

Endowments and Investments

This area is dedicated to endowment and investment accounting and covers topics such as investment types, appreciation, shares or units, spending, and loans.

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