Agenda Item V. 7/22/2009 UPD UPDATING THE UPD UPDATING THE ING THE ING THE CLASSIFICATION OF CLASSIFIC TION OF INSTRUCTIONAL INSTRUCTIONAL PR PR PROGRAMS (CIP) PROGRAMS (CIP) OGRAMS (CIP) OGRAMS (CIP) Natio tional C al Cent nter for er for Educatio ucation S n Statis atistics Train t n the T Trainer ners 2 2009 WHAT’S NEW IN CIP 2010? � Added CIP codes for new and emerging programs g g p g � Reorganized series 23, 42, 51.16, 60 � Added examples of instructional programs � Deleted series 21 � New CIP User Site � NOT a major reorganization 1
Agenda Item V. 7/22/2009 REDESIGNED CIP WEBSITE � Capabilities include: � Ability to browse entire CIP Abili b i CIP � Advanced search capabilities � Crosswalk 2000 and 2010 CIP � Download copies of CIP as Word document or Excel spreadsheet � Browse Frequently Asked Questions � Contact NCES CIP WIZARD � Designed to help users see codes used by an institution for last three Completions submissions � Crosswalks old codes with new CIP codes � Identifies new codes that may be of interest to user 2
Agenda Item V. 7/22/2009 CIP SELECTOR � Help identifying CIP Codes � Limited to postsecondary CIP codes used on Completions � Broad categories � Narrow down the choices � Returns a set of suggested codes NEW CIP WEBSITE 3
Agenda Item V. 7/22/2009 CIP WEBSITE TIMELINE � June 2009 � 2010-11 data collection 4
Agenda Item V. 7/22/2009 ALIGNMENT OF ALIGNMENT OF ALIGNMENT OF ALIGNMENT OF FINANCE F FINANCE FORMS RMS TRANSITION TRANSITION Natio tional C al Cent nter for er for Educatio ucation S n Statis atistics Train t n the T Trainer ners 2 2009 NEW FINANCE FORMS � TRP held Jan 17-18, 2007 � Suggestion for forms � Purpose � Utility and transparency � 2008-09 was first of two-year transition � Update 5/6/2008 – Extension on Finance form reporting – Now Mandatory for 2010-11 reporting period. 5
Agenda Item V. 7/22/2009 FASB INSTITUTIONS � Part A - Statement of Financial Position: � Changed asset categories Ch d i � Added categories to Property, plant and equipment � Made definitional change to “Property obtained under capital leases” � Added context box FASB INSTITUTIONS � Part B – Changes in Net Assets � Added context box Add d b � Additional pre-populated fields. KH has ability to overwrite. � Part C – Title Change g 6
Agenda Item V. 7/22/2009 FASB INSTITUTIONS � Part D - Revenues � Revenues reported in 3 columns: R d i 3 l � Unrestricted � Temporarily restricted � Permanently restricted � Separated “Gifts” from “Private grants and contracts” t t ” GASB INSTITUTIONS � Part A – Statement of Net Assets � Changed asset categories Ch d i � Plant, property, and Equipment � Report only Ending balances � Made definitional change to Property obtained under capital leases 7
Agenda Item V. 7/22/2009 GASB INSTITUTIONS � Part B – Revenues � Report local operating grants and contracts R l l i d separately from private operating grants and contracts � Added line for sales and services of educational activities GASB INSTITUTIONS � Part C – Expenses � Changed to resemble the FASB form Ch d bl h FASB f � Allocation of Operation and Maintenance of plant (O&M) � Allocation of Depreciation 8
Agenda Item V. 7/22/2009 GASB INSTITUTIONS � Component Units discontinued � Part H – Details of Endowment Assets FASB FOR-PROFIT INSTITUTIONS � No changes 9
Agenda Item V. 7/22/2009 2008-2009 COLLECTION GASB SB Institutions Institutions FASB Institutions SB Institutions Aligned f Aligned form rm 396 396 515 (ne (new) Unaligned form Unaligned f rm 1, 1,575 1,341 (old) (old) DATA ISSUES - FINANCE � Privates use FASB and most publics use GASB � Variability in finance data make inter-sector � Variability in finance data make inter sector comparisons problematic � After transition to aligned forms, cross-sector comparisons should be easier � The 2008-2009 collection was the first of a two- year transition to the aligned forms year transition to the aligned forms � A small change is included in the GASB form for 2009-2010 because it was overlooked 10
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