Description
Learn the core principles for not-for-profit revenue recognition and measurement of contributions through real world scenarios.
- Qualifies for 2 Yellow Book CPE Credits
Objectives
- Identify some of the critical characteristics of contributions and the restrictions that may be placed upon them by an NFP's donors.
- Differentiate between conditional and unconditional promises to give and apply the proper revenue recognition procedures.
- Recall the key issues relating to the recording and valuation of contributions of services, financial assets other than cash, non-financial assets, and use of non-financial assets.
Highlights
- NFP reporting standards related to revenue recognition
- Financial statement presentation and disclosures related to contributions