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Net Asset Classification

plantemoran webinarsThe recording and classification of net assets by both governmental and those institutions that follow not for profit guidance has been required for several years.

However, with the recent FASB and GASB activity around codification of statements and clarifying language within audit guides, we noted that several institutions had been incorrectly recording board designated net assets as restricted or not properly repaying those funds “borrowed” from unrestricted net assets when endowment funds were under water.

On December 13, 2011 Plante Moran conducted a webinar on this topic for OACUBO as a refresher to the appropriate guidance, treatment, and how to handle on your financial statements when it is determined that funds were incorrectly classified within the net asset group.

Details

Date: Dec 13, 2011

Time: 12:00AM - 12:00AM