Split-Interest Agreements and Endowments (On-Demand) 2019

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

▪ Differentiate between the various types of endowments and split-interest agreements
▪ Determine the correct net asset classification for endowments and split-interest agreements
▪ Identify the accounting and reporting requirements, including financial statement presentation and footnote disclosures

Major Topics

▪ NFP reporting standards
▪ Management of donor-restricted endowments under the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
▪ Application of an endowment spending policy
▪ Accounting for common split-interest agreements used by NFPs, such as charitable trusts, pooled (life) income funds, and gift annuities
▪ Revenue recognition and subsequent valuation of split-interest agreements
▪ Financial statement presentation and disclosures related to endowments and split-interest agreements

Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
1
Business Management & Organization
1
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
Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
2
Format
On-Demand

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Split-Interest Agreements and Endowments (On-Demand) 2019


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