This program is a fantastic introduction for new professionals moving into higher education accounting as well as those individuals seeking to learn more about other areas of accounting. This accounting and financial reporting workshop covers net asset classes, restrictions, endowments, investment pool unitization, split interest agreements, capital assets, debt, and operating activities.
Attendees receive a thorough explanation of Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) standards relevant to higher education institutions. There is emphasis placed on preparing and understanding the financial statements, including hands-on exercises and sample statements for review. Cash flow statement sessions are held concurrently allowing the faculty to focus on the public and not-for-profit sectors of higher education reporting.