NACUBO Financial Accounting Standards

NACUBO Financial Accounting Standards are guidelines established by the National Association of College and University Business Officers to help higher education institutions accurately record and report their financial activities. They provide a standardized framework to ensure transparency, consistency, and comparability of financial statements across different institutions. These standards cover how to recognize revenues, manage expenses, handle assets and liabilities, and disclose financial health. Essentially, they help stakeholders—like donors, regulators, and administrators—understand an institution’s financial position reliably and efficiently.