Not-for-profits (NFPs) are unique in that they often receive substantial amounts of contributions, many of which contain donor-imposed restrictions as to their use. The existence or absence of donors’ restrictions forms the basis for the classification of an NFP’s net assets. In this course, you will learn the basics of net asset classification. Topics covered include donor-imposed restrictions, identifying when restrictions may be implied, financial statement presentation of net assets and required footnote disclosures. Contributions can come with donor-imposed conditions, restrictions, or both. In this course, you will learn the core principles for recognition and measurement of contributions. You will have an opportunity to work through real world scenarios. Topics covered include promises to give, donated goods and services, contributions of long-lived assets, performance guarantees, and below-market interest rate loans. The course culminates in a case study in which you will have an opportunity to apply the technical concepts you have learned to real-world scenarios.