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Concurrent Session Onsite and Online

NOT2239. 2018-08 Contribution and Contract Revenue Recognition: Lessons Learned, Items Missed & Common Issues

This session will review the contribution and contract revenue recognition accounting standard for nonprofit organizations under ASU 2018-08. We will review lessons learned, common mistakes and items missed with various examples during the session.


Learning Objectives:

  • Identify lessons learned and common mistakes in accounting for transactions under ASU 2018-08.
  • Analyze how to effectively audit contributions received and contributions made under topic 958 and key audit procedures.
Date/Time
CPE Credits
1.5
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
3-5 Years in the Profession
Advanced Preparation
None
Session Tags
A and A