july, 2021
14jul12:30 pm2:10 pmNCACPA Not for Profit GAAP UpdateMelisa will be presenting 2 credits
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
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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) 12:30 pm - 2:10 pm EST
Location
Virtual
Organizer
North Carolina Association of Certified Public Accountants