Not-for-profits (NFPs) are unique in that they often receive substantial amounts of contributions, many of which contain donor-imposed restrictions as to how they are used. The existence or absence of donors' restrictions forms the basis for the classification of an NFP's net assets. In this CPE course, you will learn the basics of net asset classification. Topics covered include donor-imposed restrictions and identifying when they may be implied, financial statement presentation of net assets and required footnote disclosures. The course culminates in a virtual case study in which you will have an opportunity to apply the technical concepts you have learned to real-world scenarios.