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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.

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Sue Menditto

Director, Accounting Policy



Progress Made on Financial Responsibility at ED Rulemaking Sessions

March 01, 2018

While negotiations on the Department of Education’s borrower defense to repayment rules ended without consensus, the work of the financial responsibility subcommittee was more productive.

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  • May 22, 2019

    GASB Proposes Guidance on Cloud Computing and Similar Arrangements

    The Governmental Accounting Standards Board’s recent Exposure Draft addresses subscription-based information technology arrangements, such as cloud computing. Proposed guidance uses new lease accounting concepts. Comments are due to GASB by August 23.

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  • April 12, 2019

    ED Sets May 14 Deadline for Reporting Financial Responsibility Triggering Events

    New rules specifying the standards institutions must meet to be deemed financially responsible took effect in October 2018. ED recently shared how to report litigation or other events that trigger mandatory disclosures and affirmed the borrower defense to repayment standard.

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Upcoming Events

  • May 29, 2019

    Reconsidering Tuition Discounting Strategies

    An overview of the 2018 Tuition Discounting Study

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  • June 25, 2019

    Legislative Lunchcast: A Washington Update from NACUBO (June 2019)

    The latest from the federal affairs team.

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Legislative Updates

  • January 08, 2018

    What Did I Miss in Washington? December 12, 2017–January 8, 2018

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  • January 04, 2018

    HEA Reauthorization Bill Heading to House Floor in New Year

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  • May 08, 2019

    2018 NACUBO-TIAA Study of Endowments

    This annual survey provides comprehensive analysis of investment returns, asset allocations, and governance policies and practices at more than 800 U.S. higher education institution endowments and affiliated foundations, representing nearly $617 billion in endowment assets.

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  • May 08, 2019

    NACUBO Benchmarking Tool

    The NACUBO Benchmarking Tool allows member institutions to compare their endowment, tuition discounting, and student financial services survey results against self-selected peer group averages.

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