Exchange Transactions vs. Contribution for NPOs
Date/Time
5/14/2024
12:30 PM - 2:30 AM Central
12:30 PM - 2:30 AM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event Description
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.
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
Instructor:
Daniel W. Bradley, CPA
Fields of Study:
Accounting (Governmental)
Major Topics:
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
Instructor:
Daniel W. Bradley, CPA
Fields of Study:
Accounting (Governmental)
Major Topics:
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
Location
Webinar
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| 5/14/2024 |    |
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