Event Description

This course is designed to help you proceed and succeed in applying the requirements found in ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Learn the thought process used in evaluating and recording contribution transactions.

Designed For

Not-for-profit industry professionals and auditors

Objectives

Understand the steps involved in applying ASU No. 2018-08 Recognize how the new contribution guidance interacts with the old contribution guidance

Major Subjects

Evaluating whether transactions should be accounted for as contributions or as exchange transactions Determining whether a contribution is conditional or unconditional Become comfortable with the new barrier and right of return/right of release terminology

Prerequisites

Some introductory background in not-for-profit accounting

Instructions

None