HEAF24: FASB Update

HEAF24: FASB Update

Recorded On: 04/29/2024


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FASB staff provide insight into board deliberations and projects that will impact public higher education.

CPE Available: 1 Credit in Accounting

Each individual must register and attend separately to earn credit.

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NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org


Event Information

  • Level: Intermediate
  • Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
  • Advanced Preparation: None
  • Delivery Mode: Group internet based
  • Field of Study: Accounting
  • Length: 60 minutes

Steps to Earn CPE Credit

You can only earn credit for attending the session live. CPE credit cannot be earned for watching the recordings.

To earn CPE credit, you will complete the following tasks under the Content tab, after the session has ended:

  1. Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the session and complete the quiz at the end of the session. 
  2. Submit the CPE check-out code displayed at the end of the session. 
  3. Download your CPE certificate. 

You have until 5 pm Eastern Time on Wednesday, May 1 to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.

Jeffrey J. Gabello

Supervising Project Manager

Financial Accounting Standards Board (FASB)

Jeff Gabello is a supervising project manager with the FASB. He joined the FASB staff in May 2014, leading the project team that developed the 2017 standard to improve and simplify accounting rules around hedge accounting. Since early 2021, Gabello has focused on not-for-profit technical accounting issues. He also leads the FASB project on the statement of cash flows. 

Prior to joining the FASB, Gabello worked for five years as an accounting policy manager at IBM in Somers, New York. Prior to that, Gabello worked for eight years as the assistant director of external reporting at UBS AG in Zurich, Switzerland, focused on International Financial Reporting Standards, U.S. Generally Accepted Accounting Principles, and U.S. Securities and Exchange Commission reporting. Gabello holds a bachelor's degree in accounting from the University of Scranton in Pennsylvania and an MBA from Cornell University in Ithaca, New York.

Jeffrey D. Mechanick

Senior Project Advisor, Not-for-Profit Organizations

Financial Accounting Standards Board (FASB)

Jeff Mechanick is senior project advisor, not-for-profit organizations at the FASB. In this role, he provides organization-wide technical and strategic advice on all standard-setting activities affecting the not-for-profit sector, guides and facilitates stakeholder outreach with the sector, chairs the FASB’s Not-for-Profit Advisory Committee, and participates in some of the FASB’s broader educational activities. 

Prior to joining the FASB staff in 2006, Mechanick spent 20 years working in and with the not-for-profit sector, as the CFO of Planned Parenthood Federation of America, Inc., and before that, as a Senior Manager with KPMG, LLP, in the firm’s New York office. Mechanick received his MBA from Rutgers University and his AB from the University of Chicago.  He is also an adjunct instructor in Columbia University’s MS program in Nonprofit Management.

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HEAF24: FASB Update
04/29/2024 at 9:30 AM (EDT)  |  Recorded On: 04/29/2024  |  60 minutes
04/29/2024 at 9:30 AM (EDT)  |  Recorded On: 04/29/2024  |  60 minutes The Zoom room will open 15 minutes before the start time. To enter the room, click “Enter Session.”