Overview of 2015 workshop

Higher Education Accounting
Workshop and Key Performance
Measures Workshop
St. Louis Airport Marriott
May 18 and 19, 2015
Sponsored by the Central Association of College and University Business Officers (CACUBO)
For more information contact the CACUBO Committee Chair:
Karen Losekamp, AVP
University of Cincinnati
Karen.Losekamp@uc.edu
(513) 556-5039
Learning Objectives
This workshop will give participants an overview of college and university accounting concepts as well as
an overview of the basic format used by public and private institutions in the presentation of their
financial statements. Recent changes by GASB and FASB to accounting standards and their anticipated
effects on the financial statements of colleges and universities will be discussed in separate concurrent
sessions. Participants will be encouraged to discuss current relevant accounting issues related to the
practical implementation of accounting and reporting standards for colleges and universities. Hot topics
such as The Affordable Care Act and the impact it has on University practices, A133 Updates and Fraud
will also be discussed.
NEW THIS YEAR: A new General Session will focus on IPEDS expense classification. Integrated
PostSecondary Education Data System (IPEDS) is the primary source for data on colleges and
universities. Also included in the General Session, we will feature higher education institution
Controllers leading discussions on specific scenarios and their approach to those scenarios followed by
Q&A time.
The afternoon of day two will provide participants with a choice between a session providing hands-on
experience calculating and interpreting key performance measures using the financial statements of the
participants’ own institutions or reviewing GASB Small Business Cases.
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At the end of the key performance measures session, participants will be able to measure and
interpret financial measures that provide meaning to financial data and help determine an
institution’s level of success.
Participants in the GASB Small Business Cases session will be able to apply the accounting
concepts and recent changes discussed in the first day and a half to small business case
scenarios, including generating appropriate accounting entries, determining proper financial
statement presentation and crafting financial footnote disclosures.
Schedule
(Agenda and workshop leaders are subject to change)
Monday, May 18, 2015
7:45am-8:30 am
8:30 am-11:50 am
11:50 am-12:45 pm
12:45am-2:15 pm
2:25 pm-4:30 pm
4:30 pm-6:00 pm
Dinner on Your Own
Tuesday, May 19, 2015
7:45 am-8:15 am
8:15 am-11:35 am
11:45 am-12:40 pm
12:40 pm-4 pm
Registration and Continental Breakfast
Concurrent Sessions: GASB or FASB
Lunch
Concurrent Sessions: GASB or FASB
General Session – IPEDS Expense Classification
Attendee Networking Event, sponsored by RubinBrown
Continental Breakfast
Concurrent Sessions: GASB or FASB
Lunch
Concurrent Sessions: Key Performance Measures or
GASB Small Business Cases
NOTE: Participants in the Key Performance Measures Session must bring two years of their audited
financial statements (including component unit financial statements if applicable) and a calculator
with them. Participants in the GASB Small Business Cases Session should bring an IPad or laptop with
them in order to manipulate spreadsheets associated with the Small Business Cases.
Workshop Leaders
Public Institution (Governmental Accounting Standards Board session) & GASB Small
Business Cases
Dr. Mary Fischer, currently serves as a full professor in Accounting for the College of Business and
Technology at The University of Texas at Tyler. Dr. Fischer has published over fifty research papers
regarding cash flow recognition, financial accounting, accounting education, auditing and financial
management of not-for-profit organizations and is a frequent local and national seminar speaker
regarding FASB and GASB GAAP Updates. She is the past president of Southwest Decision Science
Institute, Southwest American Accounting Association, American Accounting Association Government
and Nonprofit Section. Dr. Fischer serves as an advisor to the FASB, GASB, as well as the NACUBO
Accounting Principles Council and an array of not-for-profit organizations nationwide. She was awarded
the Daniel D. Robinson and the Professional Development and Scholarship awards by NACUBO for her
outstanding contributions to the college and university national sector.
Private Institutions (Financial Accounting Standards Board session) & Key Performance
Measures (Public & Private Institutions)
Michelle Horaney, CPA and partner at McGladrey LLP, is a public sector specialist providing audit and
consulting services to the higher education industry. She works with community colleges and private
and public colleges and universities throughout the country. Michelle is involved in teaching
professional education courses on a national and regional level. These courses include yellow book
qualified seminars, various higher education programs and FASB and GASB implementation programs.
McGladrey LLP, is the fifth largest U.S. provider of assurance, tax and consulting services, with nearly
6,500 professionals and associates in more than 70 offices nationwide. McGladrey is a licensed CPA firm
that works with nearly 500 public and private educational institutions throughout the country.
Cindy Berg, CPA and senior manager at McGladrey LLP, is a public sector specialist providing audit and
consulting services to the higher education industry. She works with both private and public colleges
and universities throughout the country. Cindy is involved in teaching professional education courses on
a national and regional level including those on FASB accounting standard updates, benchmarking and
student financial aid compliance. McGladrey LLP is the fifth largest U.S. provider of assurance, tax and
consulting services, with nearly 6,500 professionals and associates in more than 70 offices nationwide.
McGladrey is a licensed CPA firm that works with nearly 500 public and private educational institutions
throughout the country.
General Session – Integrated PostSecondary Education Data System (IPEDS)
Brent Stevens, CPA and partner in RubinBrown’s Assurance Services Group and the leader of the firm’s
College and University Industry Group. Brent also has international accounting experience, which he
gained when working in England through his participation in the Baker Tilly International Secondment
Program. Brent has experience working with colleges and universities regarding traditional audit
services, NCAA compliance services, student financial assistance and other federal program compliance
services, business process improvement reviews and management consulting projects.
Accommodations
The Marriott St. Louis Airport Hotel (10700 Pear Tree Ln., St. Louis, MO 63134; 314/423-9700) is located
next to the Lambert International airport. On-site parking is available for a fee. The St. Louis Airport
Marriott provides complimentary shuttle service to and from Lambert airport. Reservations can be made
via the CACUBO website, www.cacubo.org.
Downtown St. Louis is just a short 15 minute drive or accessible via the MetroLink, the greater St. Louis
light rail transit system. To learn more about the area attractions, visit St. Louis’ official tourism site,
www.explorestlouis.com.
Registration
Fees
2 Day Workshop (GASB or FASB Sessions, Key Performance Measures or GASB Small Business
Cases)
Before May 4, 2015
CACUBO members: $425; nonmembers: $600
After May 4, 2015
CACUBO members: $600; nonmembers: $725
How to Register
To register, visit www.cacubo.org and click on “Higher Education Accounting Workshop.” Early
registration is encouraged as enrollment may be limited.
Refunds and Cancellations
Refund requests emailed to karen.losekamp@uc.edu before May 3, 2015 will be honored, less a $50
processing fee. No refunds will be made after that date.
Dress Code
Casual attire is recommended for the entire workshop.
Continuing Professional Education Credit
CACUBO is pleased to sponsor continuing education credit for the higher education community.
Participants can earn up to 16 hours of credit for attending the Higher Education Accounting and Key
Performance Measures Workshop. Effective December 2013, CACUBO is registered with the National
Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education
on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses. Complaints regarding registered sponsors may be addressed to
NASBA, 150 Fourth Ave, # 700, Nashville, TN 37219 or its website: www.learningmarket.org. The GASB
and FASB sessions including the IPEDS session are recommended for up to 12 Accounting credits; Key
Performance Measures is recommended for 4 Management Advisory Services credits; GASB Small
Business Cases is recommended for 4 Accounting credits.
Certificates of completion will be available approximately 2 weeks after the meeting and will be
distributed via email.