A Plain English guide to FAS 117-1, as codified in ASC 958-205, and TUPMIFA

05/24/2010

Presented by Danika H. Mendrygal and Neely D. Duncan on May 24, 2010.

Information to be covered will focus on the legal aspects of TUPMIFA and the net asset classifications and required disclosures in financial statements:

  • Overview and interpretations of TUPMIFA, to include the legal and accounting interaction.
  • Funds with deficiencies, how to account for and disclose them in the second year of implementation.
  • Return objectives and risk parameters, sample policies and governance issues.
  • Spending policy and how the investment objectives relate to the spending policies.

The complete presentation can be found in the PDF linked below.

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