Split-Interest Agreements and Endowments: Not-for-Profit Accounting & Financial Reporting

Description

Endowments and split-interest agreements are significant sources of support for many not-for-profit organizations. In this CPE course, you will learn how not-for-profits utilize and manage planned gifts. You will work through several scenarios to understand the financial accounting and reporting requirements.

Learning Objectives
  1. When you complete this course, you will be able to:
  2. Differentiate between the various types of endowments and split-interest agreements
  3. Determine the correct net asset classification for endowments and split-interest agreements
  4. Identify the accounting and reporting requirements, including financial statement presentation and footnote disclosures
Major Topics
  1. NFP reporting standards
  2. Management of donor-restricted endowments under the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
  3. Application of an endowment spending policy
  4. Accounting for common split-interest agreements used by NFPs, such as charitable trusts, pooled (life) income funds, and gift annuities
  5. Revenue recognition and subsequent valuation of split-interest agreements
  6. Financial statement presentation and disclosures related to endowments and split-interest agreements
Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
1.5
Business Management & Organization
0.5
Who Should Attend
CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members .
Instructor(s)
Karen Craig
Prerequisites
None
Register Now
When
Available 24/7
Location
Online
Total CPE Credits
2.0
Format
On-Demand
Instructor
Karen Craig

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Split-Interest Agreements and Endowments: Not-for-Profit Accounting & Financial Reporting


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