Exchange Transactions vs. Contribution for NPOs Webinar

Jun 14
9:30 - 11:30 a.m.

Online

2-A&A
CPE Credits

Recently issued accounting standard updates provide important clarifications for determining whether a not-for-profit (NFP) organization's transactions are an exchange transaction or a contribution. This course will provide those responsible for preparing financial statements for NFPs examples of the proper accounting for exchange transactions covered by ASU No. 2014-09 versus contributions covered by ASU No. 2018-08. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to:

Identify whether a transaction affecting a NFP organization is an exchange transactions or a contribution
Recall core concepts fundamental to determining if a contribution is restricted or conditional
Recognize recent clarifications to improve the accountant ability to determine if a contribution is conditional or unconditional
Recall significant new requirements of ASU Nos. 2014-09 and 2018-08

Highlights

The major topics that will be covered in this class include:

Key changes from recent accounting standard updates affecting the determination of an exchange transaction versus a contribution
Enhanced disclosure and reporting requirements for contributions
Clarifications related whether a contribution is restricted or conditional
New definitions related to barriers and right of return or right of release related to conditional contributions
Other important matters contained in ASU Nos. 2014-09 and 2018-08

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. DBDBETC2 Level: Basic

Prerequisites: None

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.