Surgent's How Not-for-Profits Account for Grants and Contracts Under ASU No. 2018-08 (1 hour)

Overview

This course is designed to help you proceed and succeed in applying the requirements found in ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Learn the thought process used in evaluating and recording contribution transactions.

Highlights

• Evaluating whether transactions should be accounted for as contributions or as exchange transactions
• Determining whether a contribution is conditional or unconditional
• Become comfortable with the new barrier and right of return/right of release terminology

Prerequisites

Some introductory background in not-for-profit accounting

Designed For

Not-for-profit industry professionals and auditors

Objectives

• Understand the steps involved in applying ASU No. 2018-08
• Recognize how the new contribution guidance interacts with the old contribution guidance

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!