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Credits

Sponsored by Lorman Education
Product ID: 407555EAU
 
Credit & Course Provided by:

NFP Reporting Standard First Year of Implementation

OnDemand Webinar (87 minutes)

Elevate your understanding of changes required by the NFP reporting standard to propel into year two.The basics of financial reporting are changing for nonprofit organizations. This information will elevate your understanding of the changes to net assets, investment returns, and expense reporting as well as to equip you for pitfalls to avoid as you implement the standard and go into year two.

Authors

Marie C. Caputo, CPA, CGMA, CGFM, CliftonLarsonAllen

Agenda

Effective Dates

What Changed?

• Net Assets

- Classifications

- Underwater Endowments

- Disclosures of Board Designations

- Expirations of Capital Restrictions

• Investment Returns

- Netting Investment Income and Expenses and Elimination of Disclosure on Netted Expenses

• Expenses

- Expenses by Nature/Analysis of Functional Expenses

- Enhanced Disclosures of Cost Allocations

Pitfalls