Sunday Mid-day Learning Opps

Accounting Update for Independent Institutions

  • Sunday, July 22
  • 02:00 PM - 03:15 PM
  • Long Beach Conv Center
  • Level 1, 104C
  • ACT

Speakers

Matthew Brewer

Controller, California Institute of Technology and Chair, Accounting Principles Council

California Institute of Technology

Pasadena,

Karen Craig

Project Manager, Member-AICPA NFP Expert Panel

NACUBO

Shell Beach, California

Sue Menditto

Director, Accounting Policy

NACUBO

Washington, District of Columbia

Description

Hear higher education’s perspective on recently issued accounting standards and projects. This interactive session will focus on the Financial Accounting Standards Board’s latest work on revenue recognition for grants and contributions. Revenue recognition for tuition and fees will also be addressed, with special attention given to both AICPA’s and NACUBO’s recommended guidance. The speakers will also cover NACUBO’s Accounting Principles Council advisory guidance on implementing FASB’s NFP reporting changes.

Learning Objectives

  • Identify accounting changes on the horizon.
  • Describe requirements in FASB’s guidance.
  • Understand how to implement the new standards.