Exchange Transactions vs. Contribution for NPOs
Date/Time
6/17/2024
11:00 AM - 1:00 AM Central
Course Registration
Member: $89.00
Non-Member: $109.00
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:

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
Outlook/vCalendar/Google
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