Webinar: Exchange Transactions vs. Contribution for NPOs
WC184 | Course | Basic | Scheduled
Description
Recently issued accounting standard updates provide important clarifications for determining whether a not-for-profit (NFP) organization's transactio
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Accounting (Governmental) |
Designed For
Anyone responsible for accounting and reporting on NFP organizations financial statements as well as those responsible for reviewing and auditing these statements.
Prerequisites
None
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
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
Preparation
None
Notes
Webinar Day - HELP and Assistance Instructions
- The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
- We recommend you log in early to ensure you are ready to go when the presentation begins.
- IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.
Prices
- Member (Early Bird)
- $89.00
- Non-Member (Early Bird)
- $89.00
- Member
- $89.00
- Non-Member
- $89.00