GOV2428. Essentials of Endowment Accounting

In this highly informative session, we invite you to delve deep into the world of endowment accounting and disclosures. Gain a comprehensive understanding of the various types of endowments, including restricted, unrestricted, and quasi-endowments, as we unravel their unique characteristics and implications. From initial recognition and measurement, to tracking and unitization concepts, to subsequent valuation and reporting, you'll gain invaluable insights into the nuances of accounting for and accurately disclosing these vital financial resources.

Learning Objectives:

• Identify the appropriate accounting for donor-restricted and quasi endowments depending on the nature of the gift.
• Identify the necessary disclosures required for endowments under generally accepted accounting standards.