Upon completion of this course, you should be able to: Identify the recently issued new FASB ASU 2016-14, "Presentation of Financial Statements for Not-for-Profit Entities; Recognize the standard and how its application will impact practically every professional accountant who deals with not-for-profit entities; Differentiate and implement the effective dates and requirements of ASUs; Identify reporting requirements and form and content of financial statements will be explored; Disclosure requirements for NFPs and examine other related matters; Identify ASUs released in 2016 prescribed amendments; Recognize the top three charity watchdogs and who evaluates them; Identify a matter that primarily affects religious organizations; Describe which U.S. donor-restricted endowment funds are subject to enacted versions; Recognize how many not-for-profits are registered with the IRS; Identify which 2015 ASUs amend the latest changes; Describe the types of institutions that have incurred the most not-for-profit breaches; Recognize what percent of higher education institutions reported increased spending dollars from their endowments; Identify a matter that primarily affects higher education with respect to developments in legislation and regulation; Identify a gift with a stipulation that the resources be invested either for a long specified period of time or in perpetuity; Recognize which funds should remain in purpose restriction from a donor.