Higher Education

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Uniform Guidance: Cost Allowability Changes

The Office of Management Budget (OMB) released the new Uniform Guidance in December of 2013, and it became effective on December 26, 2014. The Uniform Guidance combines previous federal cost principles OMB Circular A-21 (Colleges and [...]

November 9th, 2015|Higher Education, Nonprofit & Government|

Is College Tuition Really Too High?

As a financial professional serving the higher education community, as a mother of two children that plan to go to college and as a U.S. citizen, I found the article below, which was published last week [...]

September 23rd, 2015|Higher Education|

Proposed Changes for Not-for-Profit Accounting

The Financial Accounting Standards Board (FASB) has developed guidance that it believes will improve the information provided in financial statements and disclosures for non-for-profit entities. The proposed guidance is Accounting Standards Update 2015-230 Presentation of [...]

September 21st, 2015|Healthcare, Higher Education, Nonprofit & Government|

Joint Venture Options for Non-Profits

Many tax exempts face the difficult task of trying to raise enough capital to fund programs, without the risk of losing exempt status, when traditional lending opportunities are increasingly less available. Joint venturing with for-profit corporations [...]

July 23rd, 2015|Healthcare, Higher Education, Nonprofit & Government|

Consumer Disclosure Information

Although Consumer Disclosure Information (CDI) requirements have been required since the enactment of the Higher Education Opportunity Act (HEAO) in 2008, the attention and focus on CDI has grown in recent years, especially from the [...]

July 16th, 2015|Higher Education|

GASB Statement 72 – Fair Value Measurement and Application Sample Disclosures

Part 2 of 2 Part 2 in our series on GASB Statement 72 provides two example footnote disclosures; Example 1 is for a General Purpose Government and Example 2 is for a Defined Benefit [...]

June 9th, 2015|Higher Education, Nonprofit & Government|

Updated A-133 Requirements – Super Circular

The U.S. Office of Management and Budget (OMB) issued Uniform Administrative Requirements, Cost Principals and Audit Requirements for Federal Awards in December 2013. In December 2014, the Joint Interim Final Rule was issued for implementation [...]

May 15th, 2015|Higher Education, Nonprofit & Government, Uncategorized|

FASB to Propose New Not-for-Profit Reporting Requirements

As we mentioned at our December 4, 2014 Dean Dorton Annual Accounting & Ethics Update, the Financial Accounting Standards Board (FASB) has voted to propose new not-for-profit reporting requirements (please see the link to the Journal of [...]

March 17th, 2015|Higher Education, Nonprofit & Government|

Student Loan Debt Sweeping Off – Part 2

This is the second of our two-part series of emails providing an overview of the rise of student loan debt. Alternative Financing Options Post the Great Recession, many students were able to seek help from their families [...]

November 26th, 2014|Higher Education|

Student Loan Debt Sweeping Off – Part 1

This is the first in a two-part series of emails that will provide an overview of the rise of student loan debt. Many students have the opportunity to attend college, however, many are not so fortunate [...]

November 19th, 2014|Higher Education|