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Valuation and Reporting of Gifts and Service Donations

September 14 @ 1:00 PM - 2:00 PM EDT

$149
Nonprofit.Courses Select by Lorman

Learn to determine the value of such gifts and services as well as the financial statement implications.

 

Many nonprofits receive noncash gifts in the form of gifts-in-kind and donated services. It is important for organizations to accurately determine the values of such gifts and to present them appropriately within the financial statements. How do you know the value of these types of contributions? When should they be reported, when can they not be reported, and what are some options in presentation? This course will help the persons responsible for accepting donations, identifying various types of donations, and recording donations to better be prepared for gifts-in-kind and donated services. After this presentation, you will have more confidence in your abilities to determine the value of such gifts and services as well as the financial statement implications. This program will enable organizations to determine if donations are appropriate and ensure that they are properly valued and presented in accordance with FAS 116 and ASU 2020-07.

 

Learning Objectives

  • You will be able to define gifts-in-kind.
  • You will be able to describe contributed services.
  • You will be able to discuss financial reporting of gifts-in-kind and contributed services.
  • You will be able to explain the valuation of gifts-in-kind and contributed services.

Details

Date:
September 14
Time:
1:00 PM - 2:00 PM EDT
Cost:
$149
Event Category:
Event Tags:
Website:
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Venue

On Your Computer, Phone or Tablet

Organizer

Lorman
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