McClintock Minute


Articles by David B. McClintock, CPA


How to Submit for Higher Education Emergency Relief Funds

By David B. McClintock, CPA April 13, 2020

Following last week’s announcement of the $6 billion Higher Education Emergency Relief Fund to aid students amid the COVID-19 pandemic, the Department of Education (ED) has provided a set of resources as it prepares to disburse funds to institutions. We recommend visiting ED’s relief fund web page here. It includes:…

CARES Act Analysis Summary

By David B. McClintock, CPA March 31, 2020

  Higher Ed Colleagues: As we continue to work to understand the impact that the stimulus bills will have on Title IV and businesses, we want to help you do the same. In an effort to keep you informed, we’ve compiled a list of resources that expound on the CARES…

ED’s COVID-19 Guidance and FAQ

By David B. McClintock, CPA March 24, 2020

  Hello friends, As we begin another week, we hope you are all doing well and successfully transitioning to new circumstances. We also would like to direct your attention to the Department of Education’s (ED) updated guidance related to Title IV compliance and interruptions of study caused by the COVID-19…


Allowance Accounting and the Biggest Issues Institutions Face

By David B. McClintock, CPA February 7, 2020

The allowance for doubtful accounts related to student receivables is often the least precise measurement on a school’s balance sheet.  Few items on a financial statement can have a greater influence on profitability. As an estimate of an institution’s expectation of what it will not collect from students’ accounts receivable,…