august, 2021

25aug8:30 am10:10 amNCACPA Not for Profit GAAP UpdateMelisa will be presenting 2 credits

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Event Details

This course does a deep dive into revenue recognition for nonprofit entities. Attendees will be engaged through case studies to determine whether a transaction is a contribution or exchange transaction as well as whether a stipulation is a condition that impacts recognition. The course will also cover some additional guidance FASB has provided on cost sharing as well as whether a requirement to follow a budget represents a condition. We then switch gears and look to standards directly impacting nonprofits including collections, gifts in kind, and goodwill. The course closes with a look at how nonprofits will account for PPP loans and how they can leverage ASU 2018-08 for accounting and financial reporting.

Time

(Wednesday) 8:30 am - 10:10 am EST

Location

Virtual

Organizer

North Carolina Association of Certified Public Accountants

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