0      0

Governmental and Not-for-Profit Training Program 2019

GOV1945 - Implementation of ASU 2018-08 Accounting for Grants & Contracts (Repeat of GOV1933)

Oct 30, 2019 8:30am ‐ Oct 30, 2019 10:10am

Standard: $49.00


This session will help attendees prepare for upcoming changes, with a deep dive into ASU 2018-08. It will provide a detailed walkthrough of categorizing grants/contacts as either exchange transactions (contracts with customers under 606) or contributions (non-exchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will also include several examples and implementation guidance for organizations to prepare for and manage the impacts to their financial statements.

Learning Objectives:

  1. Describe new standards’ requirements and determine applicability to financial reporting.
  2. Implement the guidance in your organization, including the finance team and departments that solicit various forms of revenue.
  3. Prepare for the impact to internal policies and communication with financial statement users.


You must be logged in and own this session in order to post comments.