Surgent's How Not-for-Profits Account for Grants and Contracts Under ASU No. 2018-08 - On-Demand Webcast
Start Date
Wednesday, May 1 2024
Wednesday, May 1 2024
End Date
Wednesday, April 30 2025
Wednesday, April 30 2025
Credit Hours
1.00
1.00
Fields of Study
Governmental Accounting
Governmental Accounting
Type
Seminar
Seminar
Level
Intermediate
Intermediate
Member
$49.00
$49.00
Non-Member
$69.00
$69.00
Facility Location
Virtual Learning
Virtual Learning
Company
SELFS
SELFS
Vendor
Surgent McCoy CPE, LLC
Surgent McCoy CPE, LLC
Status
Self Study
Self Study
Description
This course is designed to help you proceed and succeed in applying the requirements found in ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Learn the thought process used in evaluating and recording contribution transactions.
Designed For
Not-for-profit industry professionals and auditors
Objectives
- Understand the steps involved in applying ASU No. 2018-08
- Recognize how the new contribution guidance interacts with the old contribution guidance
Major Subjects
- Evaluating whether transactions should be accounted for as contributions or as exchange transactions
- Determining whether a contribution is conditional or unconditional
- Become comfortable with the new barrier and right of return/right of release terminology
Prerequisites
Some introductory background in not-for-profit accounting
