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

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.