Karen Craig

American Institute of CPA's

    Credit Info
  • NASBA Field of Study


  • Format

    1 year

  • Level


  • CPE Credit


  • Course acronym


  • Prerequisites

    Knowledge of the not-for-profit industry

  • Course duration

Net Assets

SKU: NFP1LRQ_18A_1 Category:
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.
Hurry up, special offer for a limited time only.
Topics discussed

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

Learning objectives

  • Differentiate between the two classifications of net assets: net assets with and without donor restrictions.
  • Understand when further disaggregation may be warranted.
  • Identify the appropriate financial statement presentation and required footnote disclosures related to net assets.

Who will it benefit?

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