See also Restricted Gifts (2/18/16)
Financial Rules of the Road (February 2019) provides an update on changes to nonprofit accounting standards and terminology around restricted funds.
Restricted Gifts (2016) has more detailed discussion of how to record restricted gifts and how to handle the use of restricted funds, but it uses the “old” nonprofit accounting language.
Financial Rules of the Road for Land Trusts
Instructor: Kay Sohl
You already know that accountants love rules. Do you also know that the accounting world is abuzz with the excitement of new rules for accounting and financial reporting for nonprofits? Not only are there changes afoot with GAAP, but also Land Trust Standards and Practices has changed as well. Is your land trust ready to meet all the new requirements? Have you already made the “big” changes required?
Join accounting expert Kay Sohl for a light-hearted journey through impact of revised GAAP standards and Land Trust Standards and Practices. Learn what you’re supposed to already be doing (new standards are effective for fiscal years beginning in 2018).
How will you benefit from this webinar?
- Change your language! With and Without Donor Restrictions has replaced Unrestricted and Restricted
- Make it clear! New requirements for disclosing board designations
- Got enough cash? New requirements to disclose how much cash you have available for operations
Access to this recording will expire on December 31, 2020, and is subject to availability of the AdobeConnect service.