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108. Introduction to Accounting for Endowments
Accounting & Auditing
Field of Study:
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
Apply the basics for accounting for endowments to your client situations
Determine how the new financial reporting ASU will change current accounting for endowments
Association of International Certified Professional Accountants
The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust, and prosperity for people, businesses, and economies worldwide.