The Knowledge Congress Has Scheduled a Live Webinar on FSP FAS 117-1: Net Asset Classification and Enhanced Disclosures for All Endowment Funds

New York, NY, September 05, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars, announced today that it has scheduled a live webinar on FSP FAS 117-1: Net Asset Classification and Enhanced Disclosures for All Endowment Funds. This two-hour event is scheduled on Friday, November 14, 2008, at 1:00 PM to 3:00 PM (ET – New York).

Recently, The Financial Accounting Standards Board issued final guidance for non-profit organizations addressing the net classification of donor restricted endowment funds for organizations that fall under the 2006 Uniform Prudent Management of Institutional Funds Act (UPMIFA). The new guidance is going to require broad and extensive new disclosures about the organization's endowment funds. FSP FAS 117-1 will cover all organizations with donor restricted and board designated endowment funds. All organizations that fall under these guidelines, and their auditors, should have a critical understanding of this new guidance.

The Knowledge Congress is assembling a panel of distinguished professionals to help you understand FSP FAS 117-1 and its impact on your organization/clients. The speakers will present their expert opinions in a two-hour LIVE webinar.

Speakers/Faculty Panel:

Jeffrey D. Mechanick, Project Manager, Not-for-Profit Organizations, Financial Accounting Standards Board

Barry C. Hawkins, Partner, Chair, UPMIFA Drafting Committee, Shipman & Goodwin, LLP

Ian J. Benjamin, Partner, McGladrey & Pullen, LLP

Cynthia A. Pierce, CPA, Audit Executive, Public Sector Services Business Unit, Crowe Horwath LLP

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_117a.html

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webinars that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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