Webcast: Nonprofit A&A Series Part 2: Revenue Recognition 26-27

Overview

Part 2 of a 2-part series is an overview of GAAP requirements for nonprofit organizations and will help you become proficient in nonprofit financial reporting. This session focuses on revenue recognition.  Be sure to register for part 1 in the series: Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure

Highlights

Pledges and contributions Restrictions and conditions Special concerns with governmental funding Donated goods and services Special events Revenues earned through sales and services to customers

Prerequisites

Nonprofit A&A Series Part 1: Financial Statement Presentation & Disclosure

Designed For

CPAs, auditors, accountants and financial professionals in nonprofit organizations

Objectives

Identify the differences between contribution and exchange revenue. Consider the application of the credit loss standard (CECL) to non-profits with earned revenue Distinguish between restrictions and conditions. Recognize factors to consider in applying the five-step revenue recognition model within a nonprofit. Learn about revenues unique to nonprofit organizations, including agency transactions and split-interest arrangements.

Preparation

None