july, 2021

14jul12:30 pm2:10 pmNCACPA Not for Profit GAAP UpdateMelisa will be presenting 2 credits

more

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) 12:30 pm - 2:10 pm EST

Location

Virtual

Organizer

North Carolina Association of Certified Public Accountants

Submit a Comment

Your email address will not be published. Required fields are marked *

X