Split-Interest Agreements and Endowments: Not-for-Profit Accounting & Financial Reporting
Learn how not-for-profits utilize and manage planned gifts. Work through several scenarios to understand the financial accounting and reporting requirements.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
2
Author(s)
Karen Craig
Availability
1 year
Product Number
165131
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.
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 use and manage planned gifts. You will work through several scenarios to understand the financial accounting and reporting requirements.
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).
- 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
- By the end of this course, you will:
- 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.
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