108. Introduction to Accounting for Endowments

Accounting & Auditing
Yellow Book
Field of Study: 
Auditing (Governmental)
CPE Credit: 
Knowledge Level: 
Advanced Preparation: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS..

Monday, June 18, 2018

This workshop provides a deep dive on this accounting topic for those that are new to NFPS or experienced CPAs that need a refresher.

The workshop will focus on:

  • Overview of UPMIFA, including key concepts in the uniform act and common differences as implemented in state law
  • GAAP requirements for accounting and financial reporting for endowments, including what will change and what will not under ASU 2016-14
  • Examples of options for reporting endowment balances and activity in the financials
  • Examples of footnote disclosures
  • Introductory level Deep dive session on this accounting topic, including UPMIFA and what changes and what doesn't under the new NFP Financial Reporting ASU

Learning Objectives:

  • Apply the basics for accounting for endowments to your client situations
  • Determine how the new financial reporting ASU will change current accounting for endowments