Issues with Gift in Kind Contributions
Provider: CeriFi Checkpoint Learning
Accounting
2 CPE Credits
Basic
QAS self study
It is important to properly identify contributions for a nonprofit organization. Jennifer Louis will begin the segment by discussing the unique attributes of accounting for contributed nonfinancial assets. She will then examine some examples of how nonfinancial contributions may be fair valued. Jennifer will close the segment with a look at how a nonprofit may have to deal with the challenges of constantly valuing new donated inventory.