HEAF26: Implementing GASB 103: The Challenges of the Financial Reporting Model “Improvements”

GASB Statement No. 103, Reporting Model Improvements, takes effect for fiscal years ending June 30, 2026, and introduces changes especially important for public colleges and universities. Updates include revised definitions of operating and nonoperating revenues and expenses, new requirements for reporting subsidies received and provided, and a new income statement section and performance measure. The statement also significantly revises MD&A, major component unit reporting, and the treatment of extraordinary and special items. This session will share real implementation experience, focusing on the most significant challenges for higher education institutions and practical strategies for addressing them.

CPE Available: 1 Credit in Accounting Governmental 

Each individual must register and attend separately to earn credit.

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 Governmental 
• 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 April15,2026 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.