This course discusses generally accepted accounting principles (GAAP) as they apply to not-for-profit entities (NFPs). Specifically, the course will provide information about the sections of the FASB Accounting Standards Codification® (ASC) that should be applied to NFPs.
Learning Objectives
- Learning Outcomes
- Recall how NFPs manage endowments.
- Identify major provisions of the Uniform Prudent Management of Institutional Funds Act (UPMIFA).
- Recognize the types of split-interest agreements.
- Recognize financial statement presentation and disclosure of endowments and split-interest agreements.
