Nonprofit Accounting and Audit Update - Accounting Standards for Revenue Recognition and Leases
Overview:
The scope of the Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) excluded the nonprofit contributions transaction.
This presentation focuses on revenue recognition for grants and contracts with nonprofit entities.
Objectives:
Topics of discussion will include:
- Identify the new and proposed FASB Accounting Standards Updates (ASUs) and effective dates
- Gain a deeper understanding of the new standards
- Determine which new standards apply, and under what circumstances
- Learn implementation considerations, challenges, and approaches
Instructors:
Designed For:
CPAs or accounting professionals.
Prerequisite:
Some familiarity with accounting.
Additional Info:
Thank you for registering for the "Nonprofit Accounting and Audit Update - Accounting Standards for Revenue Recognition and Leases" OnDemand course. You can begin immediately by going to the 24/7 Learning Library portal at https://ficpa.courselaunch.io and logging in with your current FICPA member login credentials.
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