AICPA white paper on fair value issues for NPOs

The AICPA released a white paper on issues that NPOs encounter when applying fair value accounting under ASC 820.

The announcement is here, and has the following summary:

To assist practitioners, the AICPA has issued a whitepaper, Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities. The whitepaper discusses fair value measurement for the following types of transactions:

  • Unconditional promises to give cash or other financial assets
  • Beneficial interests in trusts
  • Split interest agreements

You can go through the above link and then log in with your CPA2Biz user name & password to get a free copy of the 36 page document in PDF format.

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