“The Attributes of the Arts and the Rewards Which Are Accorded Them” | Jean Baptiste Siméon Chardin (1766)
We follow a suite of standards developed by the Financial Accounting Standards Board (FASB) — among them, documents that discover and recommend best financial management practice for not-for-profit organizations common in almost all of the US education industry. At the moment we do not advocate assertively in the FASB suite but we do follow the action as it pertains to the education industry and the activity of the many education industry trade associations whose advocacy activity we do follow.
Current Standardization Projects
Stakeholders in the US education industry are encouraged to communicate directly with the FASB on any issue: Accounting Standards Updates Issued
The FASB suite is a standing item on our colloquia covering education industry accounting practice generally and grant and construction project accounting specifically.
Issue: [17-350]
Category: Finance
Related:
Consortia v. Ad Hoc, v. de Facto standard development platform comparisons
