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Fair Value Issues Specific to NFPs: Not-for-Profit Accounting & Financial Reporting Logo aicpa

  Karen Craig |   $59.00 - 69.00 |   CPE: 2.0 |   AICPA |   Mar 2015 |   Accounting |   AICPA Store
Who Will Benefit?
  • CPAs, financial professionals and NFP board members who need a basic overview of fair value issues specific to NFPs.
Topics Discussed
  • Fair value measurement
  • The fair value hierarchy
  • Techniques to measure fair value
  • Present value techniques
  • Measurement approaches for valuing liabilities
Learning Objectives
  • Identify accounting guidance related to fair value measurements.
  • Recall the transactions whose fair value measurement is challenging for NFPs.
  • Differentiate between the techniques used to measure the fair value of certain assets and liabilities.

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.

Fair value is widely used in accounting and financial reporting for all entities, including not-for-profits (NFPs). In this CPE course, you will learn about fair value measurement techniques for unique transactions that are a challenge for many not-for-profits, such as noncash contributions, promises to give, split-interest agreements, guarantees, and certain investments. You will have an opportunity to work through several real-world examples and scenarios.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Topics covered:
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting, Foundational
  • Assurance: Technical: Audit, Foundational
  • Not-for-profit: Technical: FASB financial accounting & reporting, Foundational
  • Fair value measurement: Technical: Business & intangible assets, Foundational