Self-Study: Nonprofit Revenue Recognition: Back to the Basics
Available Until
1.0 Credits
Member Price $41.00
Non-Member Price $90.00
Overview
This practical course demystifies revenue recognition for nonprofits. You’ll learn how to confidently distinguish between exchange transactions and contributions, master the five-step process for recognizing exchange transactions, and get clear guidance on accounting for contributions. Real-world examples will help you apply these principles with ease and accuracy. This session was recorded on May 29, 2025, for CalCPA’s Not-for-Profit Organizations Conference.
Highlights
- Understanding revenue recognition core principles
- Distinguishing exchange transactions and contributions
- Applying the five-step recognition model
- Identifying performance obligations in contracts
- Accounting for conditional and unconditional contributions
- Recognizing revenue over time or point-in-time
- Using practical examples for better clarity
Objectives
- Understand the difference between exchange transactions and contributions.
- Learn the 5-step process for recognizing exchange transactions.
- Explore examples of revenue transactions for not-for-profit entities.
Non-Member Price $90.00
Member Price $41.00