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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404950
 
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Nonprofit Accounting Guidance for Contributions: FASB ASU 2018-08

Live Webinar
February 28, 2020
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

Understand the differences between contributions and exchange transactions.

With the implementation of ASU 2018-08 the interpretation of an exchange transaction and criteria for conditions have changed. As a result, many organizations have been tasked reevaluating agreements in order to recognize and classify exchange revenue and contributions. This topic will help you understand the differences between contributions and exchange transactions. You will further be able to identify if a contribution is donor restricted and if a donor-imposed condition exists. Finally, you will be able to correctly account for and present contributions in your financial statements and disclosures.

Learning Objectives

• You will be able to describe ASU 2018-08.

• You will be able to discuss presentation and disclosure.

• You will be able to explain the difference between and exchange transaction and a contribution.

• You will be able to identify donor-imposed conditions.

Registration

Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart