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Not-for-Profit Industry Conference 2019


NOT1964 - Contributions: Accounting Dos and Don'ts


Jun 12, 2019 10:55am ‐ Jun 12, 2019 12:10pm

Standard: $49.00

Description

With all of the upcoming revenue recognition changes occurring in the industry, including ASU 2018-08 on contributions and grants, now is the time to discuss one of the most significant items in a NFP financial statement - contributions. Contributions can vary widely based on the type of NFP, fundraising techniques and donor sophistication. In addition, donor restrictions, conditions, planned giving/split interest concepts, and misunderstandings within the internal team (Development vs. Accounting) may add further complexity. This session will walk through several contribution concepts and examples to pride 'do' and 'don't' suggestions for your NFP.

  • Apply technical accounting concepts to contributions within their NFP
  • Determine proper treatment of various types of gift instruments
  • Use the skills learned to improve the understanding of contribution complexities within their NFP

Speaker(s):

Tags: AA

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