NOT18108 - Introduction to Accounting for Endowments

Description

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

Speaker(s):

• Jennifer Richards, CPA, Partner, Crowe LLP