GOV1929. Endowments, Beyond Basics: Navigating the Complexities of Accounting and Reporting

Track: 
NFP
Field of Study: 
Accounting
CPE Credit: 
2.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of auditing, accounting and/or compliance requirements for state and local government and/or not-for-profits. General experience auditing state and local governments and/or not-for-profits, including those engagements audited under GAGAS.

Tuesday, October 29, 2019
 
10:30AM-12:10PM

Endowments are one of the most complicated aspects of not-for-profit accounting. The complexity and specific details of each donor’s agreement could impact the accounting and financial reporting within your organization. This session will focus on examples of various types of endowment gifts and agreements, including the accounting, income allocation, spending policies and financial reporting requirements. Topics will also include underwater endowment accounting, term endowments and pooled endowment funds, among others.

Learning Objectives:
1. Identify the different types of endowment gifts.
2. Analyze specific scenarios with respect to underwater endowments
3. Determine proper financial reporting for endowments.


SESSION SPEAKER(S)

CPA, MBA
Partner | EisnerAmper LLP
CPA
Partner | Crowe LLP