Net Assets

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1.0 Credits

In this CPE course, you will learn the basics of net asset classification. Topics covered include donor-imposed restrictions, identifying when restrictions may be implied, financial statement presentation of net assets and required footnote disclosures. The course culminates in a virtual case study in which you will have an opportunity to apply the technical concepts you have learned to real-world scenarios.


  • Differentiate between the three classifications of net assets: permanently restricted, temporarily restricted, and unrestricted
  • Recall how donor-imposed restrictions affect the classification of net assets
  • Identify the appropriate financial statement presentation and required footnote disclosures related to net assets

Major Topics

  • NFP reporting standards related to net assets
  • Accounting for donor-imposed restrictions
  • Reclassifications of net assets
  • Financial statement presentation and disclosure of net assets

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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