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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

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

Accounting


News

GASB Exposure Draft Tackles the Financial Reporting Model

August 10, 2020

A final proposal culminating GASB’s seven-year reexamination of its landmark Statement No. 34 has been released. The most significant changes for public institutions are new MD&A requirements and an income (or loss) indicator after appropriations.


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  • July 24, 2020

    GASB Seeks Revenue and Expense Field Testers

    Public institutions are able to participate in a field test of the proposed standards in the recently released Preliminary Views, Revenue and Expense Recognition. This is an opportunity to work closely with GASB staff and influence final guidance.

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  • July 17, 2020

    ED Releases Limited Guidance on CARES Act Reporting and Extends FISAP and EADA Deadlines

    As institutions eagerly await further CARES Act reporting guidance, the Department of Education shared some – but not much – information on quarterly reporting requirements.

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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

  • August 11, 2020

    “Flipped Classroom” Workshop: Trauma-Informed Student Engagement

    August 11, 2020 | 1-1:45pm ET

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  • August 19, 2020

    Pandemic-Related International Tax Issues: Dislocated Students and Employees Outside the U.S.

    August 19, 2020 | 1-2pm ET

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Research

  • May 29, 2020

    Tuition Discounting Study Glossary

    Definition of key terms in the annual Tuition Discounting Study

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  • May 29, 2020

    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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Press Release

  • June 17, 2020

    NACUBO Sets Path Forward Through COVID-19 Financial Implications

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  • May 28, 2020

    Ascendium Education Group Awards NACUBO Planning Grant to Advance Student Success Efforts

    To develop an infrastructure for a multi-institution, multi-initiative process focused on student success at colleges and universities, NACUBO has been awarded a $1.1 million planning grant from Ascendium Education Group.

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