Audit, Tax & Consulting for Higher Education

Higher Education institutions face on-going challenges when it comes to institutional liquidity, long-term investment performance, long-term debt, state appropriations, fundraising, financial performance analysis by the Department of Education and other accrediting bodies, financial reporting and disclosures, enrollment levels, student loan capital and the demand for financial aid.

We have earned a stellar reputation in the higher education industry, guiding clients closely and successfully through the most serious challenges that face these institutions.

Proactive Guidance for Higher Education Success

In addition to best-value assurance and exceptional tax expertise, AAFCPAs provides proactive guidance on areas critical to the success of higher education institutions, including:

Evaluate financial and personnel resource allocations while keeping your goals at the fore-front of all decisions
Proactively review your compliance status to ensure they are in line with all educational rules and regulations
Address compliance requirements of financial aid programs
Advise institutions about tax-exempt bonds and other tax credit financing programs to assist with campus expansion
Advise institutions concerning accreditation requirements and regulations of the U.S. Department of Education
Provide industry benchmarking reports and best practice policies and procedures
Apply higher education industry knowledge to improve financial statement presentations and provide trustee and management education
Unrelated business income tax (UBIT) compliance
Formulate compensation arrangements
Identify funding options to help ensure you receive the most for your dollar
Outsourced Accounting & Fractional CFO: Right-size, outsourced accounting solutions, from cloud-based bookkeeping to high level CFO oversight oversight
Business Performance, Internal Controls & IT Advisory
Institutional investment advice, money management, financial planning & consulting, executive deferred compensation & retirement plan consulting, and succession planning solutions
Fiduciary guidance and investment advisory solutions for employee benefit plan sponsors
Technical Accounting Advisory: Implementation of new accounting standards, assistance with complex operational and financial transactions, audit preparation

Best Value Solutions

Our higher education clients tell us that our value is unbeatable in the marketplace. If you are considering changing from a Big 4 or National Firm, our clients will tell you that there is no downside to AAFCPAs. We encourage you to contact our higher education clients to learn first-hand of our exceptional value.

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Guidance on Lease Standard for Independent Schools

What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Because of the significant changes contained in this ASU, though issued in 2016, the effective date for implementing the new accounting guidance was pushed to fiscal year 2023 for […]

Guidance on New Lease Accounting Standard

In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may proactively […]

Higher Education

AAFCPAs has earned a stellar reputation in the higher education industry, guiding clients closely and successfully through the most serious challenges that face these institutions.