McClintock Minute


Recent Financial Reporting Articles

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A Primer on Institutional HEERF Grant Reporting

By David B. McClintock, CPA October 20, 2020

No tricks, a major deadline looms for postsecondary educational institutions just before Halloween. The first round of quarterly reporting for the institutional portion of the Higher Education Emergency Relief (HEERF) Grant is due October 30, meaning institutions cannot delay in preparing and posting their reports. Check out this rundown concerning…

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PPP Loans and HEERF Grants: A Guide to Accounting, Reporting and Composite Score Considerations

By Thomas R. Wilson, CPA October 16, 2020

This article was original published in the September 2020 issue of Career Education Review and reproduced here with permission.  Article originally posted at As the COVID-19 pandemic and a difficult 2020 continues, postsecondary institutions have to make significant decisions concerning the emergency aid that helped them through the spring…


Senate Passes PPP Reform Bill: What to Know

By Daniel R. Steinmeyer, MBA, CPA June 5, 2020

The U.S. Senate on Wednesday passed a House bill to revamp the Paycheck Protection Program (PPP), giving a boost to small businesses and organizations trying to stay afloat during the coronavirus pandemic and resulting economic turmoil. The PPP allows businesses to apply for forgivable emergency loans, but its rollout wasn’t…