This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
Accounting for Endowments: What You Need to Know
Join BKD for a complimentary webinar on accounting for endowments, which includes the Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. We’ll provide an overview of the standard’s impact, explain how the changes affect the accounting and financial reporting for endowments and discuss how organizations are tackling the disclosure and documentation requirements within this guidance. We’ll also cover common pitfalls found when recording and analyzing the accounting treatment for endowments.
Upon completion of this program, participants will be able to:
- Explain the recognition and evaluation of endowments for accounting treatment
- Identify the requirements of ASU 2016-14 as it relates to endowments
- Demonstrate how to apply the standard through examples
- Describe the practical ways organizations are implementing the new standard and communicating the changes to key stakeholders