Offers examples and case studies that will help you prepare note disclosures unique to NFPs and to get the most out of your reporting process.
Learning Objectives
Determine how to prepare, in accordance with GAAP, the most common note disclosures for a not-for-profit entity's (NFP)'s financial statements.;Determine the effect of a transaction or significant event that should be disclosed in the notes to the financial statements.;Differentiate between those transactions reported on the face of the financial statements and those in the notes to the financial statements (or both).
Major Topics
GAAP requirements unique to NFPs;Split-interest agreements;Fair value;Contributions receivable and donor-imposed restrictions;Gifts-in-kind, investments, and endowments;Net asset composition;Contingencies;Related parties;Best practices and presentation options
