The UPMIFA endowment law was passed by most states over 10 years ago and related accounting guidance was issued during that time as well. However, this is an area that may organizations still struggle with and may still have their mindset on the previous set of rules for managing endowment funds. ASU 2016-14 served as a reminder that UPMIFA focuses on the preservation of fund value as we move away from a hard-line distinction of corpus and appreciation. This in-depth workshop will recap the changes brought by UPMIFA and puts a focus on endowment disclosures post-ASU 2016-14.
Understand and apply the principles and concepts of UPMIFA to donor-restricted endowment funds
Understand and apply the applicable provisions of GAAP to financial statement amounts and disclosures