Keeping Up With the Downturn: A Perspective from Accountants in Higher Ed

A very worthwhile look at the financial crisis from this perspective. It will help you better integrate your planning:

"For higher education institutions, the economic downturn, unlike any experienced for decades, has dramatically changed endowment investment holdings and credit arrangements. Severe declines in the stock market and turmoil in the credit markets require presidents, chief financial officers, controllers, planning and budgeting leaders, and governing boards to work together on near- and long-term financial solutions. This year's Higher Education Accounting Forum (HEAF) in Miami, April 26-28, provided new guidance to accounting and financial professionals looking to balance business as usual with recent epic events. Among the many meeting topics, the following were of special interest to attendees: international convergence, warning signs and responses to financial challenges, performance metrics, endowments, fair value guidance, and tax changes."

Read the rest here:

http://www.nacubo.org/Business_Officer_Magazine/Current_Issue/August_2009/Keeping_Up_With_the_Downturn.html