Some contributions aren’t too tough to account for, but split-interest agreements can be very intimidating, even for experienced accountants! As the current generation of stakeholders and donors age, we need to be prepared to receive, understand, and account for these gifts as responsible and knowledgeable stewards. In this session, we will “get into the weeds” and put our skills to work as we learn about and apply the correct accounting treatment for these donations. Our goal is that you will leave this session with the confidence that you can handle these complicated contributions when they come your way.
Attendees will learn to identify the features of different types of split-interest agreements, how to approach the measurement of the value of an organization’s portion of the contribution, and how to record and report these complicated contributions in accordance with GAAP.
