Webinar: How Not-for-Profit Organizations Can Prepare for Revenue Recognition
New revenue recognition standards under ASC Topic 606 andchanges to ASC Topic 958 are taking effect, and not-for-profit organizationsshould be getting ready. Tax-exempt entities will need to consider transactionsother than contributions and investment returns in order to correctly recordrevenue under the new accounting criteria. Not-for-profits must also considerthe guidance that was recently released clarifying how the new standards relateto contributions made and received.
Inour webinar, we will discuss how not-for-profit organizations can prepare forthe changes, which are effective for years ended December 31, 2018 for conduitdebt issuers and for years ended December 31, 2019 for others.
After completing this course you will be able to:
- Explain the difference between revenue from exchange transaction and revenue from contributions
- Identify when a not-for-profit may have transactions subject to the new revenue recognition rules
Cost: No fee required.
CPE: Eligible for 1 CPE credit in Accounting*
Who Should Attend? Executive directors and CFOs of not-for-profit organizations
Advanced Preparation: None
Program Level: Overview
Delivery Method: Group Internet-based