Assets

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Overview

1.5 Credits
ONLINE

Not-for-profits (NFPs) are mission-driven organizations that use various kinds of assets to provide goods and services to their beneficiaries. In this CPE course, you will learn about some of the assets unique to NFPs and the accounting and reporting requirements related to them.

Objectives

  • Identify the proper accounting treatment for assets unique to NFPs
  • Differentiate between the options for recognizing collections, works of art, and historical treasures
  • Recall when interest should be capitalized on long-lived assets

Major Topics

  • NFP reporting standards
  • Contributions receivable
  • Collections, works of art and historical treasures
  • Property and equipment and the related capitalization of interest
  • Joint ventures
  • Goodwill
  • Goodwill impairment

Designed For

CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members
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