2023 SACUBO Annual Meeting
April 25, 2023
Join your peers from higher education institutions around the region for relevant and quality professional education and networking opportunities.
FASB A&A Update for Private Institutions
Date: Sunday, April 23, 2023
This session will provide you with an update on the latest development of new and proposed accounting standards issued by the Financial Accounting Standards Board (FASB) that impact private higher educational institutions and related foundations.
Learning Objectives:
- Recognize recently issued Accounting Standard Updates (ASUs) their impact on not-for-profit intuitions of higher education.
- List specific areas that will impact your institution.
- Evaluate recent exposure drafts and pending standards projects.
Speakers
Matthew Socha | Partner, Assurance Services, Cherry Bekaert
Cost and Revenue Analytic: Determining the Right Model for You
Date: Tuesday, April 25, 2023
Cost and revenue analytics have a variety of uses in higher education from determining the economics of new academic programs and supporting the budgeting and planning process, to strategic resource allocation, administrative program review, and even campus master planning. This presentation will outline cost and revenue modeling and analytics as it applies to higher education. The presenters will take attendees through the spectrum of cost and revenue modeling and analytics options, from simple department-level modeling to more complex institution-level modeling and specialized costing applications. The audience will be exposed to the potential uses, benefits and challenges associated with cost and revenue modeling and analytics, with particular emphasis on data challenges/maturity and on how different institutions have found success in implementing cost and revenue analytics solutions. At the end of this session attendees will have a greater appreciation for how to embark on the road to creating a robust cost and revenue analytics capability at their institution.
Learning Objectives:
At the end of this session participants will:
- Be able to identify how and why cost and revenue analytics will benefit their institution
- Learn how other institutions have overcome challenges when developing cost and revenue analytics capability
- Be able to determine what sort of cost and revenue model and analytics is best for their institution
- Have a greater appreciation for how to embark on the road to creating a robust cost and revenue analytics capability at their institution.
Speakers
Anthony Pember | Managing Director, Digital Advisory, Cherry Bekaert
Dr. Adam J. Raab, Ed. D. | Senior Financial Analyst, Institutional Research, Embry-Riddle Aeronautical University