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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

Proposed Advisory: Tuition Discounting for NFP and Public Institutions  (Public, Comments Due 4/30/2021)

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

GASB Addresses Accounting Changes and Error Corrections

June 21, 2021

A new Governmental Accounting Standards Board exposure draft revises the guidance for reporting accounting changes and error corrections. Comments are due August 31.


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  • June 11, 2021

    In Comments, NACUBO Disagrees with GASB’s Compensated Absence Proposal

    Proposed liabilities for nonvested sick leave do not meet the definition of a liability, NACUBO recently wrote to the Governmental Accounting Standards Board.

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  • May 7, 2021

    AICPA Addresses Federal COVID Relief Programs and SEFA Reporting

    The AICPA Governmental Audit Quality Center released revised guidance for SEFA reporting in light of federal rule changes for certain pandemic relief aid, such as the Higher Education Emergency Relief Fund.

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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.

Webcasts

Webcasts enable participants to benefit from the advice of nationally recognized experts in a low-cost manner that minimizes disruption to your work activities.

Upcoming Programs

  • January 01, 0001

    Financing Sustainability Initiatives in Higher Education: A NACUBO and Department of Energy Partner Webcast

    June 22, 2021 | 2–3 pm ET

    Learn More →
  • January 01, 0001

    Innovation Inside: Empowering Our People to Transform Our Institutions

    June 24, 2021 | 1–1:45 pm ET

    Learn More →

Research

  • May 26, 2021

    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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  • April 28, 2021

    Public NTSE Tables

    Public NTSE tables provide an overview of investment returns, asset allocations, spending rates, and endowment market values at college and university endowments and affiliated foundations that participate in the annual series of NACUBO endowment studies.

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Press Release

  • May 19, 2021

    Private College Tuition Discounting Continued Upward Trend During COVID-19 Pandemic

    80 percent of business officers surveyed expect the pandemic to have long-lasting effects.

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  • 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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