OasisLMS

NFPs often receive revenue in the form of contributions. Transfers of assets and promises to give can come with donor-imposed conditions, restrictions, or both. In this course, you'll cover the core principles for recognition and measurement of contributions along with special accounting considerations related to:

• Promises to give
• Donated goods and services which are also referred to as gifts-in-kind
• Financial statement presentation and disclosures

Learning Outcomes

• Recall recognition and measurement principles for contribution revenue.
• Identify key concepts related to promises to give.
• Recall requirements relating to the recording and valuation of gifts-in-kind.
• Recognize proper financial statement presentation of contributions.

Key Topics

• Promises to give
• Donated goods and services which are also referred to as gifts-in-kind
• Financial statement presentation and disclosures

Who Will Benefit

• New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities.
• Experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accounting and financial reporting requirements that apply to not-for-profit entities.