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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

Financial Responsibility 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

News

Compliance Supplement Addendum Released

January 8, 2021

The long-awaited addendum to the 2020 Compliance Supplement grants a three-month extension for single audits with year-ends through September 30, 2020.


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  • December 17, 2020

    GASB Releases Implementation Guide for Comment

    The exposure draft contains new questions and amendments to previously issued implementation guidance. Public institutions should note two questions on defined contribution plans and fiduciary activities and are encouraged to comment.

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  • December 11, 2020

    ED Issues New Regulatory Waivers, Extends Others

    In a notice recently posted in the Federal Register, the Department of Education announced several new regulatory waivers to assist institutions, students, and borrowers through the COVID-19 pandemic. ED also extended several waivers it had granted earlier in 2020.

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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

  • January 26, 2021

    2021 Intermediate Accounting and Reporting

    January 26-28 | See Schedule for Full Session Details | All Sessions Times are Eastern

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  • February 04, 2021

    Financial Responsibility: Crossing the Finish Line

    February 4, 2021 | 1–2:40pm ET

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Research

  • January 19, 2021

    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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  • November 18, 2020

    Tuition Discounting Study Glossary and Help Text

    Help text for the Tuition Discounting Study (TDS) survey questions and definition of key terms in the annual Tuition Discounting Study

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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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