Would you like to know how to correctly account for gifts for scholarships and gifts to be used for other purposes? Have you ever wondered what an endowment earnings account is or what a "release from restriction" is? This ninth workshop in the Accounting Practices, Procedures & Protocol series is designed to familiarize attendees with the gift process from both a Development Office and a financial perspective. In addition, attendees will learn about special projects and designated fund projects. Employees who work in departments that receive gifts, or who have endowment earning accounts (e.g., scholarships, professorships) or other project accounts (e.g., special projects, designated funds) should plan to attend this class.
Prerequisite: None, though it is recommended that employees attend Accounting Practices, Procedures & Protocol Workshop I: Introduction to Accounting.
This session is supported by the RIT Accounting Department.