Understanding college financial statements (90 min) (AGG, LE credits)

Financial statements provide critical information on a college’s financial health and its ability to pursue and achieve its strategic objectives. This session will provide an introduction for board members, board staff and senior managers on:

basic components of financial statements
financial statement objectives
generally Accepted Accounting Principles “GAAP” for colleges
role of senior management and boards vis-à-vis financial statements
what to focus on when reading the financial statements
reporting of financials to key internal and external stakeholders

01:28:00