Karen Craig

American Institute of CPA's

Net Assets

Get up-to-date on the latest standards, including accounting, auditing, preparation and review.

Available format

Online ( 2020 )

Product Description

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.

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

  • 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.

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

$ 55.20



$ 55.20

Credit info

NASBA Field of Study Accounting
Availability: 1 year
Level Basic
Advanced Prepration None
Delivery Method QAS Self-Study
Course acronym NFP-AFR3
Prerequisites Knowledge of the not-for-profit industry