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):
