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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
End Date
Wednesday, April 30 2025
Credit Hours
1.00
Fields of Study
Governmental Accounting
Type
Seminar
Level
Intermediate
Member
$49.00
Non-Member
$69.00
Facility Location
Virtual Learning
Company
SELFS
Vendor
Surgent McCoy CPE, LLC
Status
Self Study

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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