This course discusses accounting for the net assets of NFPs. Net assets are the excess or deficiency of assets over liabilities. They are classified into two mutually exclusive classes — net assets with donor restrictions and net assets without donor restrictions — according to the existence or absence of donor-imposed restrictions. All net assets are classified as net assets without donor restrictions, unless they result from contributions whose use is limited by donor-imposed stipulations. This course delves into accounting for these different classes of net assets. Who Will Benefit - New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities. - Experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accounting and financial reporting requirements that apply to not-for-profit entities. Key Topics - Net assets with donor restrictions - Net assets without donor restrictions Learning Outcomes - Recall the definition of donor-imposed restrictions. - Identify the two classes of net assets. - Recognize the various ways donor-imposed restrictions may expire. - Recall how net assets are presented on the financial statements.