Skip to content Menu

Advisory Report 2023-01

4/20/2023

Public Institutions: Accounting for and Reporting Financial Aid as a Discount

This Advisory Report supersedes AR 2000-05 (issued in 2000). AR 2023-01 provides estimation and measurement methodologies that more accurately reflect how financial aid is provided to students at public colleges and universities.

NACUBO recommends that institutions implement the guidance in AR 2023-01 no later than fiscal year 2025, but sooner if practicable. NACUBO further recommends that the institution's management's discussion and analysis explain changes in affected SRECNP line items and point out that the revised estimate has no impact on the change in net position for prior years.

Download Advisory Report 2023-01

Related Content

Cybercrime and Higher Education: How One Institution Responded to an Attack

NACUBO's Neil Gavigan speaks with Lou Mayer an Tej Patel of Stevens Institute of Technology

NACUBO On Your Side: November 14–20, 2023

Congress avoids a federal government shutdown this month through a two-step continuing resolution, the IRS releases proposed rules on donor-advised funds, and more.

NACUBO On Your Side: November 21–27, 2023

A Perkins Loan Program reporting deadline is quickly approaching, the IRS proposes energy investment credit rules, and more.