Fair Value Issues Specific to NFPs: Not-for-Profit Accounting & Financial Reporting
Learn fair value measurement issues that are a challenge for many not-for-profits and specific techniques available to measure the fair value of certain assets and liabilities.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
2
Author(s)
Karen Craig
Availability
1 year
Product Number
165128
This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.
Fair value is widely used in accounting and financial reporting for all entities, including not-for-profits (NFPs). In this CPE course, you will learn about fair value measurement techniques for unique transactions that are a challenge for many not-for-profits, such as noncash contributions, promises to give, split-interest agreements, guarantees, and certain investments. You will have an opportunity to work through several real-world examples and scenarios.
Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).
- Fair value measurement
- The fair value hierarchy
- Techniques to measure fair value
- Present value techniques
- Measurement approaches for valuing liabilities
- Identify accounting guidance related to fair value measurements.
- Recall the transactions whose fair value measurement is challenging for NFPs.
- Differentiate between the techniques used to measure the fair value of certain assets and liabilities.
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2 to 5 registrants
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