The Clock Is Ticking on GASB: Everything You Need To Know

A great, concise (long but it has to be) article from Business Officer by Sue Menditto:

Although actuaries and accountants are involved, the calculation mechanics are not the challenge. Rather, understanding the drivers of results and the options that make sense for your institution or system provides the real challenge. “This is not simply a choice of vanilla, chocolate, or strawberry,” says Steinberg. “There are 40 or 50 different ‘flavors’ for your institution, and the choice depends upon the context and your institution’s focus.” . . . Because people are the greatest resource in a service industry like higher education, decisions involving funding and benefit selections are extremely important and can become extremely public in a hurry. . . . Now is the time to work across your campus, system, or state to accurately and creatively address the standard’s requirements for reporting other postemployment benefits.

If you like this, you'll love learning that SCUP is offering CPEs for CPAs at its conference this summer. Thanks to great work by SCUP's Resource and Budget Planning Advisory Group, headed by Carol Rylee of the University of Delaware, as well as a huge effort by SCUP's professional development staff, all sessions at SCUP-43 in Montreal are available for CPE continuing education units for CPAs.